The Lake Victoria goldfield has seen considerable activity since liberalization of investment conditions in Tanzania and since 1997. To date, the Lake Victoria district accounts for 50M ounces of gold resource and no less than six modern open pit and underground producing gold mines.
Partially due to the overwhelming increase in mining activity there has been significant improvement in most aspects of the infrastructure and understanding of local geology.
| COMPANY | MINE | P&P (Moz) | INDICATED (Moz) | INFERRED (Moz) |
|---|---|---|---|---|
African Barrick |
Bulyanhulu |
10.6 |
3.01 |
3.2 |
African Barrick |
North Mara |
3.48 |
1.4 |
0.128 |
African Barrick |
Buzwagi |
2.9 |
1.28 |
0.383 |
African Barrick |
Nyanzaga |
0 |
3.48 |
0.598 |
African Barrick |
Golden Ridge |
0 |
0.677 |
0.093 |
African Barrick |
Tulawaka |
0.064 |
0.108 |
0.021 |
AngloGold Ashanti |
Geita |
4.2 |
4.6 |
3.2 |
Resolute |
Golden Pride |
0.24 |
0.43 |
0.72 |
Resolute |
Nyakafuru |
0 |
0.54 |
0.52 |
Tanzanian Royalty |
Buckreef |
0.34 |
0.95 |
0.83 |
TOTAL |
21.824 |
16.475 |
9.693 |
Totals represents current resources and does not account for depleted resources.
Ref: African Barrick's Reserve and Resorce Statement 2011, Anglo Gold Ashanti Mineral Resource and Ore Reserve Report 2011, http://www.tanzanianroyalty.com, Resloute Ltd 2012 Annual Report
