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True Zone Resources Inc.: Options Gold Property in Highly Prospective Area in Tanzania

29.04.2015  |  The Newswire
Vancouver, April 29 2015 - True Zone Resources Inc. (TAZ -CSE) further to the announced option acquisition on the Magambe Gold Property (MGProperty) south of Handeni Tanzania the Company has completed its initial review of the previous work which identified several multiple element and gold geochem anomalies across the of the property.

Several of these geochem (gold and other pathfinder elements) anomalies are associated with a structure and continuity on trend northeast from the Canaco Magambazi zone in similar amphibolitic rocks. Of particular note is an anomaly in the northeast of the property adjacent to and underlying a carbonate formations which has had copper (chalcopyrite) mineralization identified within it.

The geology of the area displays a complex structure of brecciated, sheared, fractured, foliated, folded and faulted deformed rock with alteration of silica, chlorite, sulphide and epidote. The carbonate unit is an integral part of the SHV model and since it caps this complex structural geology (also part of the SHV model) the associated anomalies warrant further detailed investigation.

These zones are part of the overall trend are immediately northeast of the 1 million ounce Canaco Magambazi Deposit (43-101 qualified Proven, Probable and Inferred Resource).

Several additional placer gold workings by local miners have been observed immediately south "down stream" from of the anomalous area. The area is very low relief and a bedrock local source is suspected. One of the key features of the SHV deposits is the presence of "extensive" placer deposits proximal to the main zones. The company is incorporating all this information into the proposed exploration program.

Laurie Stephenson. M.B.A. B.Sc., a consultant to the Company, is the Qualified Person who has reviewed and approved the technical disclosure in this news release.


The Sediment Hosted Vein (SHV) model is proposed for this area of Tanzania due to the similarities to the region and those regions where the major SHV deposits are located. This term is applied to a family of deposits that occur throughout the world, but are poorly known and understood. They are most prolific in both size and number in Asia.

The Sediment Hosted Vein model which has Continental shelf sediment (usually Carbonate) emplacement followed by significant tectonic accretion activity related to continental collision and subsequent extension related to continental break up enables the emplacement of mineralizing magmas along regional structures, have typically low grade gold (1-3 grams per ton) with some high grade veins. As indicated above, they represent some of the largest deposits in the world, with common characteristics, of Late Proterozoic to early Paleozoic passive-margin shale-siltstone host rocks, extended crust as basement to the host rocks, multiple episodes of deformation Au?As, Sb, W metal suite, neutral, low to moderate salinity hydrothermal fluid chemistry, minimal to moderate grade metamorphism, active granitic magmatism in the crust and occurrence in association with large placer fields.

Evidence in favour of the SHV model in Tanzania, is seen in the presence of significant carbonate and the amphibolite and biotite garnetiferous units as probable continental shelf marine sediments +/- volcanic with potential intrusive equivalents. The association of significant fields of prolific placer gold with SHV as identified throughout the Handeni area suggest the area geology conforms to the SHV depositional model.

About True Zone Resources Inc.

True Zone Resources Inc. is focused on enhancing shareholder value through astute acquisitioning of exceptional projects in perceived undervalued situations.

Few new gold discoveries and/or new gold mine developments have been discovered recently and the demand for the "metal" remains high, suggesting a potential supply/demand imbalance (Supported by the fact that the price remains relatively high).

On Behalf of the Board:

For further information, please contact:

True Zone Resources Inc.
Souhail Abi-Farrage : CEO, President and Director
Telephone: 778-891-2701
Email :

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: This news release contains certain statements that may be deemed "forward-looking statements" under applicable securities legislation. All statements in this release, other than statements of historical fact, that address events or developments that True Zone expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "indicate" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include statements regarding the acquisition on the Magambe Gold Property, completion of the Acquisition pursuant to the Agreement and timing for closing of the Agreement and the receipt of required approvals. Although True Zone believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. In addition to other factors and assumptions which may be identified in this news release, assumptions have been made regarding and are implicit in, among other things, the timely receipt of any required regulatory approvals (including court and shareholder approvals). Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which have been used. Forward-looking statements are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by True Zone and described in the forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and True Zone undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable securities laws. The forward looking statements contained in this press release are expressly qualified by this cautionary statement.

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