Phase: Execution
Status: On-Hold
The Handeni Property is situated close to Handeni, found in northeastern Tanzania in the Tanga Region about 160km northwest of Dar es Salaam and 110km west-southwest of the Tanga Port City. The property stretches over an area of about 93km². It includes two Prospecting Licences (PL4781/2007 and PL10016/2014) covering 83.5km² and two Mining Licences (ML480/2012 and ML525/2014) covering 9.9km² over the Magambazi Hill and surrounding area. The project will be developed in two Phases. Phase 1, which commenced in December 2021, involves the processing of existing tailings from historic, illegal mining, and Phase 2 is the development of an Underground Mine. The property consists of two contiguous properties namely the Kilindi Prospecting Licence and the Magambazi Primary Mining Licences. Artisanal alluvial deposits at the Handeni Property includes Magambazi, Magambazi North, Kwadijava, Kwadijava South and Majiri. Arsenic and gold are intimately related in the Magambazi Deposit, and two arsenic minerals arsenopyrite and lollingite have been found. From Dar es Salaam, a paved road stretches 105km west on Highway A7 and then 110km north on the Arusha/Moshi Highway to the settlement of Mkata. From here, access shifts to an all-weather dirt road that travels 50km west-northwest to Handeni and 30 km south from the town to the property camp site at the northeast end of the property. Areas of interest on the site can be reached from the camp via a number of unpaved routes. It takes about five hours to drive from Dar es Salaam to the property, with traffic in the city slowing down the journey and poorly maintained dirt roads slowing down the Handeni portion. Scheduled or chartered fixed wing flights to the paved runway at Tanga provide indirect air access to the location. The more populous cities of Dar es Salaam, Arusha, Zanzibar, and Tanga are connected by the scheduled flights. Helicopter charters are also offered; the flight takes 45 minutes from Dar es Salaam to a ready landing spot in the village of Madebe. Both temporary and semi-permanent buildings make up the Canaco Tanzania field camp. A fully furnished field office, a canteen, multiple open-sided shelters for sample processing (such as core sawing), two sealed containers for storing unwanted assay pulps returned from the assay laboratories, and tent-modular sleeping quarters are among them. A diesel generator supplies power to the camp, and a satellite-based broadband connection and a cell phone serve as communication channels. The Pangani Falls and Hale Hydroelectric Power Stations supply a total of 97MW of hydroelectrical power. The field camp encompasses both temporary and semi-permanent structures. An Initial Mineral Resource Estimate of 15.2Mt grading 1.48g/t gold containing 721,300oz in Indicated Resource and 6.7Mt grading 1.36g/t gold containing 292,400oz in Inferred Resource was declared at the Magambazi Deposit.