Properties

Gold
• Handeni
• Bagamoyo
Diamonds
• Kolandoto
• Shinyanga

Properties Overview

The Company's recent acquisition is in the Bagamoyo region of Tanzania, near the Canaco property.

The Bagamoyo project has a total area 169.95 sq. kms of potentials gold mineralization. Access to the district (located 195 km from Dar es Salaam) is a paved tarmac highway directly to the site from Dar es Salaam City.

The nearby town centre 20 km north of Bagamoyo project, Mkata, is situated 55 kilometers east of the Handeni district council. All the social and exploration supplies can be obtained either directly from Dar es Salaam or Mkata and Handeni.

Regional geological overviews of Bagamoyo show structures and gold mineralisation host rocks similar to the Magambazi discovery of Canaco Resources Inc, located 20 Km North West of Project area, The host rock indicated is a basic garnetiferrous granulite, similar to the host lithology for the Magambazi discovery.

Canaco has made a major gold discovery, including 23 metres of 19.14 grams per tonne gold in drilling. Canaco's regional exploration has extended the gold trend to 15 kilometres, discovering new gold mineralization 5 kilometers west-northwest of the Magambazi Gold Discovery, on their Handeni property in Tanzania. This discovery has created significant market attention. The Company’s immediate plan is to aggressively explore the project.

Gem International has acquired a 70% interest into Maganzo and Kolandoto diamond mineral claims in the rich Shinyanga Region of Tanzania. Shinyanga is considered to be one of the largest diamond producing areas.  The Maganzo and Kolandoto diamond mineral claims consists of ten primary mining licenses covering a total area of 247 acres that are situated south of the Williamson Mine, one of World’s most significant diamond producers.

The Williamson Mine’s production in the 1950s and 1960s was between 500,000 and 750,000 carats (100 and 150 kg) per year; the peak year of production was 1966, when 924,984 carats (185 kg) were produced. Today, production levels for all Williamson mine diamond recovery activities are about 300,000 carats (60 kg) per year. Notable stones produced at the Williamson mine include a 54 carat (10.8 g) flawless pink diamond (presented to then Princess Elizabeth and Prince Philip upon their wedding in 1947), and a 388 carat (77.6 g) diamond found in 1990.

Tanzania: Quick Facts

• 4th largest gold producer in Africa
• Area: 945,090 sq km
• Population: 31,270,820
• Capital city: Dodoma
• People: 99% native African (over 100 tribes), 1% Asian, European and Arabic
• Languages: Swahili, English, indigenous
• Religion: 40% Christian, 33% Muslim, 20% indigenous beliefs
• Government: Republic (multi-party state)
• GDP: US$7 billion
• GDP per head: US$220
• Inflation: 40%
• Major industries: Tobacco, sugar, sisal, diamond and gold mining, oil refining, cement, tourism
• Major trading partners: India, Germany, Japan, Malaysia, Rwanda, the Netherlands, South Africa, Kenya, U.K., Saudi Arabia, China