SOURCE: Pan African Mining Corp.

December 04, 2007 03:01 ET

Pan African Mining Commences Formal Drilling Program at Madagascar's Sakoa Coal Deposit

VANCOUVER, BC--(Marketwire - December 4, 2007) - PAN AFRICAN MINING CORP. (TSX-V: PAF) (FRANKFURT: P2A) (the "Company") is pleased to announce that it has now commenced its formal drilling program at the Sakoa Coal deposit. The Company holds Research Permits covering 64 squares, which represents an area of approximately 400 sq. km. in Southwest Madagascar. It encompasses significant tracts of the major Sakoa and Sakamena coalfields as well as the entire extent of the Beroy and Vohipotsy coal-bearing basins. Coal-bearing seams have been identified along 38 km. of strike within the Company's license area.

The Program aims at testing an initial target of 100 million tonnes of coal in situ near surface within 52 squares covering 325 sq. km. of the Company's license area. Phase I is anticipated to include up to 6,000 metres of core drilling. Initially, 28 boreholes are being drilled to a depth of approximately 100m, at 500m intervals along 13km strike length of coal seam outcrop and sub-outcrop. Four coal seams of a metre or more in thickness are exposed in the southern part of the north Sakoa coal field and can be traced over a strike length of 6 km, whereafter the outcrop is obscured by weathering and eluvium. Continuity of at least two of the seams has been shown in trenches excavated along the sub-outcrop. Historical data shows that the seams in this area may attain thicknesses up to 5 m.

Thereafter, a second series of boreholes will be drilled deeper into the basin to a depth of potentially 300m. Coal seams will be sampled and analyzed to determine characteristics and market suitability of the coal. The drilling and sampling program will provide insight into the behaviour of the seams both along strike and down dip, and allow the geometry of the basin to be determined in the license area. The Company is using two Company-owned, crawler-mounted Multipower Products (MPP) drilling rigs that are suitable for both core and percussion drilling.

In addition to its interests in the Sakoa and Sakamena coalfields, the Company holds Research Permits encompassing the surface area of two other known coal bearing basins noted above, and a large part of a third basin. These basins will be drilled and evaluated during the Phase 2 Exploration Program.

Previous work completed in the Phase 1 exploration program has included trenching, pitting, surveying, mapping and other field exploration, as well as construction of a base camp and access roads. Exploration at Sakoa is being overseen by Exploration Manager David Van Nierop, P.Geol., from South Africa. According to Mr. Van Nierop, "I am confident that the program will achieve our medium term objective of indicating 100 million tonnes of coal in situ." He is being assisted by Jeremy Liu, a Senior geologist with substantial coal experience in Canada as well as China, and a highly qualified team of Malagasy geologists and technicians. Overall project supervision is being provided by British Project Manager Mark Stewardson, Pr.Sci.Nat., a Qualified Person.

According to Irwin Olian, CEO of the Company, "We are delighted with the progress made by our exploration team at Sakoa this past year and look forward to results from our core drilling program now underway. The regional coalfields at Sakoa and Sakamena, together with the Beroy and Vohipotsy coal-bearing basins, collectively represent a formidable world-class target. We believe our project represents not only an exceptional prospect for development by the Company, but also a real opportunity for Madagascar to develop an independent source of fuel while adding infrastructure, jobs and foreign exchange to the economy. We are fully committed to furnishing all necessary resources to move our Sakoa coal project forward rapidly."

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


"Irwin Olian"
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