FOR IMMEDIATE RELEASE
September 4, 2007
TSX.V: PAF, FRANKFURT:
P2A
PAN AFRICAN?S CORE DRILLING PROGRAM FOR URANIUM AT
TRANOMARO PROCEEDING ON SCHEDULE; ADDITIONAL REGIONAL TARGETS NOW
IDENTIFIED
VANCOUVER,
British Columbia ? PAN AFRICAN MINING CORP. (the ?Company?)
is pleased to announce that
core drilling on its Tranomaro Uranium property in the South of Madagascar has
been proceeding on schedule. 9
holes have now been completed to a depth of approximately 70-130 m at old French
Mine Number 37, the Company?s initial target. Core samples have been forwarded
to ALS Chemex in Vancouver for assay and results from the first few holes are
anticipated shortly. The
drill program commenced in mid-July and has benefited from the good weather
conditions of the dry season and efficient mobilization of personnel and equipment.
The Tranomaro
Project comprises 206 squares, encompassing approximately 1287 sq.km. The drill program now underway is being
carried out by the Company on behalf of its Joint Venture with L?Office des
Mines Nationales et des Industries Strategiques (?OMNIS?), a Malagasy State
Agency. A heavy Atlas Copco CS-14
Diamond drill rig is being utilized for the drill program. It is being furnished to the JV by OMNIS
under a lease agreement. The
Company has previously identified in excess of 100 open pits in the region which
had been the site of historic mining by the French C.E.A. A shallow scout
drilling program is being utilized together with sampling and radiometric
analysis to develop targets for the current core drilling program. The program is being overseen by Dr.
Reinhard Ramdohr, a Qualified Person within the meaning of N.I.
43-101
Old French
Mine No. 37 is the focus of the initial core drilling program. The prospective mineralized zone bearing
pyroxenite strata has now been delineated over an area extending approximately 3
km x 8 km. The 9 drill holes
to date have been selected to investigate the mineralization at the flanks of
the deposit as well as below the old mine floor.
Meanwhile,
regional exploration activity has expanded and more Uranothorianite prospects N
of Tranomaro have been identified through radiometric analysis, mapping and
sampling. Additional targets for
the core drilling program have now been identified at old French Mines No. 52
and 52N, where shallow scout drilling has been employed, as well as at the
nearby old Mines 53, 54 and 55.
Targets have also been identified at old Mines 49/50 and 26.
According to
Irwin Olian, CEO of the Company, ?We are delighted with progress to date on our
drilling program at Tranomaro and look forward to receiving assay results
shortly.?
About Pan African Mining
Corp.
The Company is an
exploratory resource company with approximately 7,500 sq. km. of diversified
mineral properties and 5,000 sq. km. of uranium properties in Madagascar. The
Company is exploring these properties for uranium, gold, coal, precious stones,
base metals and industrial commodities. In addition, the Company is exploring
two large regions for gold and metals in Mozambique under agreements with other
companies. It also has approximately 5500 sq. km. of Diamond licenses in Botswana which it is presently exploring. Its operations in Madagascar are
carried out through its operating subsidiary, PAM Madagascar Sarl, and its
uranium activities are carried out through its 80% owned subsidiary PAM Atomique
Sarl. The Company has offices in Vancouver, Canada and Antananarivo, Madagascar.
More information about the Company is available at www.panafrican.com.
ON BEHALF OF THE BOARD OF DIRECTORS OF
PAN AFRICAN
MINING CORP.
?Irwin Olian?
Irwin Olian
Chairman & CEO
For more information,
contact: