Gallery Gold Limited (ASX: GGN)

Gallery Gold Limited is an emerging gold producer with a 100,000-ounce-per-annum project in production at Botswana, a second project expected to go ahead next year in Tanzania and several important exploration programs in southern and eastern Africa.

Buckreef

The Buckreef Project is located 35 kilometers south west of Ashanti/Anglo's 18 million ounce Geita open pit gold mine in the Lake Victorian Archaean greenstone/granite terrane. The gold mineralisation at Buckreef-Rwamagaza is associated with shear zones or splays off the main shear and usually hosted in intensely altered mafic and/or ultramafic rocks. Similar to other gold deposits around the world, areas of extension and dilational zones appear to host the best zones of mineralisation.

Kitongo

The Kitongo Project includes the Kitongo PL, Mwamazengo PL, Mwamazengo South PL and Ugambilo PL which form a contiguous block of tenements 80 kilometres south of Mwanza.

Gold mineralisation has been identified in three areas with the Main Zone having a measured, indicated and inferred resource of 479,000 ounces @ 1.3 g/t Au. To the north west of the Main Zone a new discovery was made in 2001 at Isegenghe Hill where an inferred resource of 75,000 ounces @ 14.4 g/t Au has been estimated. The third occurrence is at Kitongo Hill.

Primary gold mineralisation at Kitongo has a strong structural control along a north west trending regional corridor and is hosted in a mafic volcanic sequence underlying a series of intermediate to felsic volcaniclastic units and sediments composed of cherts, BIF and phyllites. Drilling indicates the gold is associated with silicification, quartz veining and arsenopyrite within brecciated cherts and tuffs.

Gallery has focused on validating the Kitongo data base in view of the numerous local grids used in the past. The Company is following up several untested gold in soil anomalies defined by Ashanti Gold in 2000 under a joint venture with Spinifex. An IP survey is also due to commence over the main areas of mineralisation to better define the controlling structures.


John T Shaw BSc, FAusIMM, MCIM, FAICD, SME
Chairman

Hamish J Bohannan B(Eng)Sc (Hons), M(Eng)Sc, MBA,FAusIMM, CEng
Managing Director

Michael P Curnow
Non-executive Director

Craig R Munro FCPA, FAusIMM, FAICD
Non-executive Director

P Buck BA Earth Sciences, MSc (Geology)
Non-executive Director


East Africa Mines Ltd.
Plot No 103W Capri Point
Mwanza Tanzania
Postal Address:
PO BOx 1678
Mwanza Tanzania
Telephone: +255 28 250 2236 +255 28 250 2236
Fax: +255 28 250 0298
Email: eastaf@eastafricamines.com