SOURCE: Pan African Mining Corp.

September 11, 2007 03:01 ET

Drilling at Pan African's Mountain of Gold in Madagascar Continues to Advance Project; Latest Results Include 11.99 g/t Au Over 9.50 Metres

VANCOUVER, BC--(Marketwire - September 11, 2007) - PAN AFRICAN MINING CORP. (TSX-V: PAF) (FRANKFURT: P2A) (the "Company") is pleased to announce additional assay results from Phase II core drilling on its Mountain of Gold Project near Dabolava in Madagascar's central-west plateau. The Company's license in this region encompasses approximately 900 sq. km. situated 125 air miles west-southwest of the capital city of Antananarivo, in the provinces of Toliary and Antananarivo.

The Phase II core drilling program continues to yield positive results from the Dabolava East Zone. These include a 9.50 metre interval grading 11.99 g/t Au including 0.420m at 177.00 g/t Au in drill hole DE-D-035, a 2.33 metre interval grading at 5.10 g/t Au in drill hole DE-D-037 and a 1.72 metres interval grading 23.96 g/t in hole DE-D-07-039. These intervals are reported in true width, with the structures generally dipping 75o to the south-southeast. Holes DE-D-035, 039 and 037 are drilled parallel to hole DE-D-011 (NR November 6, 2006) and on sections located 11 and 25 metres east-northeast and 10 metres west-southwest of the DE-D-011section, respectively.

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Table of Selected Drilling Results
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Drill Hole   From   To  Interval   True    Au               ZONE
Number                             Width
              (m)   (m)   (m)       (m)   (g/t)
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DE-D-07-033  86.32 88.40  2.08      1.1   28.65  Same structure as DE-D-001
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DE-D-07-035  86.85 98.20 11.35     9.50   11.99  Same zone as DE-D-011
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Including    88.08 88.58  0.50     0.42  177.00
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And
including    96.43 98.20  1.77     1.49   21.18
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DE-D-07-037  80.51 83.28  2.77     2.33    5.10  Same zone as DE-D-006
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Including    82.82 83.28  0.46     0.39   25.70
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DE-D-07-039  86.85 92.85  6.00     5.04   12.36  Same zone as DE-D-011
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Including    86.85 88.90  2.05     1.72   23.96
---------------------------------------------------------------------------

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Note: All assays are reported uncut as the data set remains too small at this time to establish meaningful statistical boundaries for cutting.

Holes DE-D-07-07, 033 and 034 were testing the strike extension of the structure from which an intersection of 32.25g/t over 0.9m was previously obtained (NR May 11, 2005). Hole DE-D-07-033 intersected 28.65 g/t over a true width of 1.1m. Hole DE-D-008, DE-D-07-030, 031, and 032 were testing new regional structures. While the remaining holes did not intersect significant mineralized zones, several structures containing anomalous values were encountered.

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Table of Reported Drill Hole Survey Data
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Drill Hole   UTM                         Orientation                 Collar
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Number       Zone   Easting   Northing   Azimuth (TN)   Dip       Elevation
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                    (m)       (m)        degree         degree          (m)
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DE-D-008     38K    575383    7827249    310            -45             543
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DE-D-07-007  38K    576064    7828638    180            -45             531
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DE-D-07-030  38K    575400    7827301    310            -45             546
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DE-D-07-031  38K    574976    7826981    305            -45             570
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DE-D-07-032  38K    575107    7827145    305            -45             580
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DE-D-07-033  38K    576031    7828664    180            -45             542
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DE-D-07-034  38K    576397    7828571    160            -55             570
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DE-D-07-035  38K    574758    7827339    323            -47             546
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DE-D-07-036  38K    574731    7827327    320            -45             554
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DE-D-07-037  38K    574702    7827376    320            -45             556
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DE-D-07-038  38K    574702    7827376    320            -60             556
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DE-D-07-039  38K    574778    7827344    320            -45             539
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The Company's working structural model is based on the field work and drilling completed by the Company along with evidence from historic and current artisanal work. A broad Northeast/Southwest shear-zone has East/West dilatational features which host the gold mineralization. Drilling so far has been localized principally on the eastern end of one mineralized dilatational zone. Subsequent diamond drilling will continue to test the dilatational zone near the shear boundaries, and test the center of the dilatational zone where larger tonnage potential exists.

The Company's focus during this Phase II is to develop a better understanding of the complex structural model controlling location of these high grade structures in order to fully delineate the zone at Dabolava East and to identify additional similar zones on trend. An induced polarization geophysical survey is presently underway to identify zones of silicification (resistivity) and disseminated sulphides (chargeability) often associated with gold mineralization. The survey should contribute to the structural interpretation and understanding of the area, assisting in identification of future drill targets.

Drilling is done with the Company's Atlas Copco CS-14 skid mounted wireline drill. All holes are continuously cored utilizing HQ equipment through the weathered zone (approximately 10-15m), then reducing to NQ below the weathered zone.

Core is logged and saw-split at the Company's camp located near the project site. Sample intervals range from 0.40 meters to 1.5 meters. Blanks and duplicates are inserted every 25 samples. The retained core splits are securely stored at the camp, and the other splits are shipped to the Company's sample preparation facility in Antananarivo. Splits of pulverized samples are shipped to ALS Chemex Laboratories in Vancouver, an ISO accredited laboratory. Samples are subjected to fire assay for Au and 34 element ICP analysis. Sample rejects are stored at the Company's project site for future reference, required due diligence and engineering audits. Master pulps are retained at the Company's laboratory in Antananarivo.

The Mountain of Gold Project is being managed by Canadian Marthe Archambault, P. Geo., with total program oversight provided by Gregory B. Sparks, P. Eng., a Director of the Company. Both are Qualified Persons under NI 43-101. Sample preparation and assistance in establishing laboratory protocols and sample handling and assaying quality control are supervised by Ardito Martohardjono, Vice-President of Laboratory Services and a Director of the Company.

According to Irwin Olian, CEO of the Company, "It is pleasing to see a continuation of high grade gold intersections as drilling continues in the Dabolava East Zone. We are further refining our geologic model of this zone as well as the regional trend with a view toward delineating a commercial deposit at the Mountain of Gold. To this end, we have now commenced an IP geophysics survey to enhance our understanding of the underlying geologic structure and look forward to further positive drill results."

About Pan African Mining Corp.

The Company is an exploratory resource company with approximately 7,500 sq. km. of diversified mineral properties and 5,000 sq. km. of uranium properties in Madagascar. The Company is exploring these properties for uranium, gold, coal, precious stones, base metals and industrial commodities. In addition, the Company is exploring two large regions for gold and metals in Mozambique under agreements with other companies. It also has approximately 5500 sq. km. of diamond licenses in Botswana which it is presently exploring. 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
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.

Contact Information

  • 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
    Email: Email Contact
    Phone: London: +44 (0) 7780 602 788
    Phone: Germany: +49 (0) 1722 1234 47