SOURCE: Pan African Mining Corp.

March 02, 2007 04:00 ET

Pan African Sets Plans for Formal Exploration and Development of Sakoa South Coal Deposit in Madagascar; 43-101 Technical Report Filed

VANCOUVER, BC -- (MARKET WIRE) -- March 2, 2007 -- PAN AFRICAN MINING CORP (TSX-V: PAF), (the "Company") has now received its independent Technical Report on Proposed Exploration of the Sakoa South Coal Project in Madagascar, prepared by Mark C. Stewardson, Pr.Sci.Nat., a qualified person, in accordance with NI 43-101. Mr. Stewardson has been a practicing professional geologist for over 30 years working mainly in Africa, Australia and Asia. He has specialized in coal geology, economics and assessment for over 25 years and has published a number of scientific papers on the subject. He was educated in England and is U.K. based.

The Company is undertaking a Phase I exploration program in 2007, as detailed in the Report, with the objective of testing a target of 100 million tonnes of coal in situ within the Company's concession holdings. The program will include detailed geological mapping, diamond drilling and sampling. The primary objectives will be to determine the geologic structure, establish seam geometries and obtain representative samples for analysis. Phase I will involve 6000 metres of diamond drilling with total program costs estimated to be U.S. $1.65 Million. It is scheduled to start this Spring at the onset of the dry season. The Company currently has several drill rigs in shipment to Madagascar from Canada. A team of field geologists is presently on site headed up by experienced Australian geologist Clive Hastings.

Exploration results will be analyzed to interpret depositional and/or structural controls on seam distribution, thickness and quality. Data collection and recording will be sufficiently detailed to form the basis for future geotechnical, hydrogeological and mine planning studies. Drill coverage should be sufficient to allow resource estimations to be made in accordance with applicable recognized standards. Phase 2 exploration will involve additional evaluation drilling in areas where Phase I investigations indicate potentially exploitable resources. Further sub-surface investigations, including deep drilling and seismics, will be conducted in regions where Phase 1 work confirms targets of economic interest.

The Company presently holds Research Permits over 64 squares, representing an area of approximately 400 square kilometres, in southwest Madagascar. This area is located 100 to 150 kilometres inland from the coastal town of Toliary and encompasses significant tracts of the major Sakoa and Sakamena coalfields as well as the entire extent of the Beroy and Vohipotsy coal-bearing Basins. The Sakoa and Sakamena coalfields are located in the southern part of the Morondava Basin which extends the length of Madagascar. The coal basin, developed over north-south trending horst and graben structures in the Precambrian crystalline basement, contains sediments ranging in age from Permian to Recent. The coalfields are dissected into a series of fault-bounded blocks which extend over a distance of 60 kilometres in a NNE-SSW strike direction. Five major coal zones are developed towards the base of 40 to 200 metre-thick Coal Measures Formations with seams sub-outcropping along the eastern margin and dipping westwards at 20 degrees to 30 degrees. Maximum seam thicknesses of 12 metres have been recorded in the southern sector of the Sakoa field.

Within the Company's license area, coal-bearing sediments in the region have been identified along 38 kilometres of strike and historical data suggests that coal seams of economic significance may occur over almost the entire length. Seam thicknesses up to 5 metres have been recorded from near-surface to depths of over 170 metres. The down-dip extent of seams remains to be determined but appears to be open at depth. Coal qualities are variable, however the thicker and more ubiquitous No. 4 and 5 seams usually exhibit raw coal ash content in the range of 15% to 35 %. Limited washability data suggests that the coal can be beneficiated to yield a product suitable for the thermal export market.

According to Irwin Olian, CEO of the Company, "We are delighted to be moving forward at this time with our full exploration and development program covering the Company's permits on the Sakoa South coal deposit. We are now mobilizing equipment and personnel and look forward to productive results from our comprehensive program this year at Sakoa."

A complete copy of the foregoing Technical Report may be viewed at

About Pan African

The Company is an exploratory resource company with approximately 10,000 square kilometres of diversified mineral properties and 5,500 square kilometres of uranium properties in Madagascar. The Company is exploring these properties for gold, coal, uranium, precious stones, base metals and industrial commodities. In addition, the Company is exploring two properties for gold and metals in Mozambique under a Joint Venture. 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.

Pan African Mining Corp.
Suite 1925, Box 11553
650 West Georgia Street
Vancouver, BC
V6B 4N8

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 - London
    Email: Email Contact
    Phone: 7780-602-788