SYS-CON MEDIA Authors: Adine Deford, Cynthia Dunlop, Harry Trott, Xenia von Wedel, Peter Silva

News Feed Item

Pan African Mining Corp. Commences Uranium Field Exploration in Madagascar

Pan African Mining Corp. Commences Uranium Field Exploration in Madagascar

VANCOUVER, BC -- (MARKET WIRE) -- 05/08/06 -- Pan African Mining Corp. (the "Company") (TSX-V: PAF) is delighted to announce that it has now commenced field exploration of prospective uranium deposits in the first of four zones delineated in its Joint Venture Agreement with L'Office des Mines Nationales et des Industries Strategiques ("OMNIS"), a Malagasy State agency. This initial exploration zone is known as the Antsirabe Zone, and is located in the Province of Antananarivo in Central Madagascar.

The Company was previously issued three Permis Recherches covering 32 Carres or an aggregate of 200 sq. km. in the Antisarable Zone. One Permit is situated in the Lacustrine Basin of Antsirabe approximately 180 km. south of Antananarivo. The other two are in relatively close proximity within the pegmatite fields of Vavavato and in the historic uranium area of Vatovory. The Company's claims were among the first to be obtained in the recent surge of interest in uranium exploration in Madagascar, using criteria including known radioactive anomalies, earlier prospecting successes, old drill results from French studies, and past mining of uranium and thorium. In addition to the Permis Recherches, Environmental Permits on Forms PEE-RIM and PEE-RIS were granted to the Company in order to cover all anticipated drilling, trenching, pitting, road-building, camp establishment and other exploration activities presently contemplated in the initial phases of exploration in the Zone.

The Company has assembled a team of approximately 10 geologists and senior technicians on the ground in the Antsirabe zone, headed up by J. Thomas Nash (Ph.D. in Geology 1967, Columbia University), who has some 40 years experience in the geology and genesis of uranium deposits of the U.S., Australia and Canada. The team is endeavoring to identify prospective target areas with potential to host commercial uranium deposits. The Company has recently opened a satellite exploration office in Antsirabe to facilitate operations in the region.

The immediate study area coincides with zones of historic prospecting and small-scale mining of radium and uranium in pegmatites and in lacustrine sediments. These known prospects are being examined by the Company's field team, and adjacent areas will be studied for possible uranium deposits not previously considered by former exploration programs.

The Vavavato area north and west of Antsirabe contains many kinds of granitic rocks and pegmatites. The granitic rocks will be examined for structures and alteration zones favorable for the occurrence of intra-granitic vein deposits of the French type, or for disseminated uranium occurrences with similarities to the large bulk-mined deposit at Rossing, Namibia.

Tertiary to Quaternary volcanic rocks of several types occur in a major continent-scale rift zone on the eastern side of the study area. Recent academic studies of the tectonic setting of the volcanic rocks clarify their evolution and suggest zones of rhyolite and lacustrine volcaniclastic rocks favorable for several types of uranium deposits. One area within the Company's license, Vinaninkarena, is well known as the site of a radium and uranium deposit in lacustrine rocks, but other volcanic rocks and lacustrine basins have received little exploration attention.

According to Irwin Olian, CEO of the Company, "We are very excited to be commencing our uranium exploration program on the ground in Madagascar. After some three years of planning and acquisition of strategic claims, we have assembled an outstanding team of professionals and have now completed necessary mobilization of equipment and supplies. We have a strong and highly motivated partner in OMNIS and are looking forward to working together to identify, develop and exploit viable uranium deposits in Madagascar."

About Pan African

The Company is an exploratory resource company with approximately 10,000 square kilometres of diversified mineral properties and 2,500 square kilometres of uranium properties in Madagascar. The Company is exploring these properties for gold, uranium, precious stones, base metals and industrial commodities. 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

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.

Distributed by Filing Services Canada and retransmitted by Market Wire

For more information, contact:

Irwin Olian
President and CEO
E-mail: Email Contact
Phone: (604) 899-0100
Fax: (604) 899-0200

Tom Kinakin
Corporate Communications - Vancouver
Email: Email Contact
Phone: (604) 899-0100
Fax: (604) 899-0200

Carrie Howes
Corporate Communications - London
Email: Email Contact
Phone: +44-7780-602-788

Marlies Studer
Corporate Communications - Europe
Email: Email Contact
Phone: +41-44-215-2803

Pan African Mining Corp.
Suite 1925, Box 11553
650 West Georgia Street
Vancouver, BC
V6B 4N8

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
"We help companies that are using a lot of Software as a Service. We help companies manage and gain visibility into what people are using inside the company and decide to secure them or use standards to lock down or to embrace the adoption of SaaS inside the company," explained Scott Kriz, Co-founder and CEO of Bitium, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
15th Cloud Expo, which took place Nov. 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, expanded the conference content of @ThingsExpo, Big Data Expo, and DevOps Summit to include two developer events. IBM held a Bluemix Developer Playground on November 5 and ElasticBox held a Hackathon on November 6. Both events took place on the expo floor. The Bluemix Developer Playground, for developers of all levels, highlighted the ease of use of Bluemix, its services and functionalit...
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
Some developers believe that monitoring is a function of the operations team. Some operations teams firmly believe that monitoring the systems they maintain is sufficient to run the business successfully. Most of them are wrong. The complexity of today's applications have gone far and beyond the capabilities of "traditional" system-level monitoring tools and approaches and requires much broader knowledge of business and applications as a whole. The goal of DevOps is to connect all aspects of app...
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, discussed how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP HANA...
When an enterprise builds a hybrid IaaS cloud connecting its data center to one or more public clouds, security is often a major topic along with the other challenges involved. Security is closely intertwined with the networking choices made for the hybrid cloud. Traditional networking approaches for building a hybrid cloud try to kludge together the enterprise infrastructure with the public cloud. Consequently this approach requires risky, deep "surgery" including changes to firewalls, subnets...
Want to enable self-service provisioning of application environments in minutes that mirror production? Can you automatically provide rich data with code-level detail back to the developers when issues occur in production? In his session at DevOps Summit, David Tesar, Microsoft Technical Evangelist on Microsoft Azure and DevOps, will discuss how to accomplish this and more utilizing technologies such as Microsoft Azure, Visual Studio online, and Application Insights in this demo-heavy session.
DevOps is all about agility. However, you don't want to be on a high-speed bus to nowhere. The right DevOps approach controls velocity with a tight feedback loop that not only consists of operational data but also incorporates business context. With a business context in the decision making, the right business priorities are incorporated, which results in a higher value creation. In his session at DevOps Summit, Todd Rader, Solutions Architect at AppDynamics, discussed key monitoring techniques...
Cultural, regulatory, environmental, political and economic (CREPE) conditions over the past decade are creating cross-industry solution spaces that require processes and technologies from both the Internet of Things (IoT), and Data Management and Analytics (DMA). These solution spaces are evolving into Sensor Analytics Ecosystems (SAE) that represent significant new opportunities for organizations of all types. Public Utilities throughout the world, providing electricity, natural gas and water,...
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
An entirely new security model is needed for the Internet of Things, or is it? Can we save some old and tested controls for this new and different environment? In his session at @ThingsExpo, New York's at the Javits Center, Davi Ottenheimer, EMC Senior Director of Trust, reviewed hands-on lessons with IoT devices and reveal a new risk balance you might not expect. Davi Ottenheimer, EMC Senior Director of Trust, has more than nineteen years' experience managing global security operations and asse...
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, discussed how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will need to convince a skeptical public to participate. Get ready to show them the money!