Nyakafuru Gold Project
Caracal is acquiring a 100% interest in the advanced Nyakafuru Gold Project. Located in the world-class Lake Victoria Gold Fields in Tanzania, one of Africa’s largest gold producing regions, the project
Located in the world-class Lake Victoria Gold Fields, 140km Southwest of Mwanza, Tanzania’s second largest city.
- Located within the Nyanzian System of the Lake Victoria Gold Fields in the northern part of the Archaean Tanzania Craton
- Licences cover the south-western end of the Siga-Mabale Greenstone Belt, 60km SW of Barrick Gold’s 18Moz Bulyanhulu Gold Mine
- Current JORC compliant resource of 658,751oz at 1.67g/t defined at the Voyager, Mentelle, Cullen, Leeuwin-Grange
- Significant expansion potential with multiple other exploration targets identified, several with significant drill intercepts.
Total Resource (1 g/t cut-off)
|Tonnes (Mt)||Grade (g/t)||Ounces (koz)|
|Voyager-Mentelle||Measured and Indicated||5.9||1.71||322|
|Leeuwin-Grange||Measured and Indicated||2.2||1.62||114|
|Total||Measured and Indicated||8.1||1.67||4.36|