SOURCE: Pan African Mining Corp.

August 13, 2007 03:00 ET

Pan African Mining Corp. Commences Core Drilling at Old Machinga Gold Mine in Mozambique's Tete Province

VANCOUVER, BC--(Marketwire - August 13, 2007) - Pan African Mining Corp. (TSX-V: PAF) (FRANKFURT: P2A) (the "Company") is pleased to report that it has now commenced core drilling at the old Machinga gold mine, located near Cazula in Tete Province, Mozambique. It is in an area of significant historic mining dating from 1777 to the mid-20th Century. The drilling work is being carried out on a contract basis by Resource Drilling International Ltd., on behalf of the Joint Venture between the Company and Manica Minerals Ltd. ("Manica"), which encompasses two other prospects in the area, the old mines at Bumbe and Metosso. The Company has the right to earn up to 85% interest in the project in stages, by funding through pre-feasibility.

The drilling now underway is a reconnaissance diamond drilling program comprising approximately 1000 m of drilling to test the depth, extent and continuity of the known auriferous quartz veins and associated mineralization, and to provide samples for assay purposes. It is planned to investigate approximately 300 m of strike of the quartz veins as well as continuity to a depth of approximately 110 m. A total of at least 9 holes are presently planned to a depth of 80 to 110 m, with vertical holes testing depth extent and angles holes at 60 degrees to intersect true thickness of the veins. Gold has been recovered from the surrounding wall rock during prior sampling and is not viewed as restricted to the quartz vein itself.

The immediate Cazula Project targets an area of historic gold mining activity and consists of 5 Prospecting Licenses covering approximately 175 sq. km. Gold appears to be associated with sulphide-bearing quartz veins which occur along large shear zone structures. These shear zones can be followed for more than 1000 metres and crosscut intrusive igneous rocks, granite in the case of Machinga. The quartz veining ranges from 10s of centimeters to several metres thick in places. Zones of alteration of up to 70 m wide have been recorded. Historic reports from Machinga show detailed maps of previous pitting, trenching and sampling operations completed in 1949. They also map two large underground galleries, the first of which was mined to 45 m and the other to 60 m below surface. The old galleries are now flooded. The reconnaissance core drilling program will evaluate the tenor and extent of gold-bearing mineralization around and below these old mine galleries.

Sampling near-surface by the colonial "Brigada" in 1949, by the Russian Svirine in 1979, by Tan Range in the 1990's and by Manica in 2006 all confirm the existence of gold in the system with significant values. Results of rock and soil sampling conducted by Manica in 2006 and previously announced confirmed the presence of auriferous quartz veins within the shear structures, with assays yielding gold values as high as 16.4 g/t. Further rock and soil samples have been collected by the Company in recent months to assist in drill targeting. Recent mapping by the Company has revealed an average thickness of the vein of 3 to 5 m traced over a distance of some 1200 m. Remote Exploration Services (Pty) Ltd. has been undertaking the initial geochemical sampling program on the property on behalf of the Joint Venture. It is a Cape Town-based member of the Mineral Services Group of Companies.

According to Irwin Olian, CEO of the Company, "We are delighted with our progress at the Machinga Project in Mozambique, which is being managed by Senior Consulting Geologist Pete Siegfried (M.Sc., MAusIMM; a QP within the provisions of N.I. 43-101) on behalf of the Company and our Joint Venture with Manica Minerals Ltd. Our activities in Mozambique are adding a new dimension to our Company, while we continue to advance all our projects in Madagascar. In addition to drilling at Machinga, three of the Madagascar projects, namely the Tranomaro Uranium Project, the Mountain of Gold and the Sakoa South Coal Project, will be drilled during the current season, giving us a great deal to look forward to."

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"
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