Pan African Mining Corp

Madagascar Properties & Projects Dabolava

Overview

Property Descriptions
The Dabolava project is one of several large blocks of land acquired by Pan African Mining Corp. (PAM) through its Madagascar subsidiary PAM Madagascar Sarl (PAMM). The company management recognized that the new Madagascar government was interested in encouraging free enterprise and taking advantage of their location in a rich metallogenic terrain. PAM made an aggressive move and by using a team of Malagasy engineers and geologist and the country's mineral inventory database, available at the Madagascar mines branch, quickly made application for several favorable zones and most of their allowable 15,000km2.

The company targeted areas known to be prospective for gold, diamonds, gems (colored stones), and chromium with possible nickel and PGE potential. The Dabolava (A2) Project (292 blocks totaling 1825 km2
) is the most advanced because of an extensive history of small-scale mining, relatively recent exploration by the BRGM and because a member of PAM's Madagascar exploration team had working knowledge of the area.

The "Dabalova Property" is situated in the provinces of Toliary and Antananarivo, Madagascar. Most of the ground consists of contiguous holdings.

Mountain of Gold Project

Phase II - Latest Drill Results 09/11/07

DRILLING AT PAN AFRICAN’S MOUNTAIN OF GOLD IN MADAGASCAR CONTINUES TO ADVANCE PROJECT; LATEST RESULTS INCLUDE 11.99 g/t AU OVER 9.50 METRES

The Phase II core drilling program continues to yield positive results from the Dabolava East Zone. These include a 9.50 metre interval grading 11.99 g/t Au including 0.420m at 177.00 g/t Au in drill hole DE-D-035, a 2.33 metre interval grading at 5.10 g/t Au in drill hole DE-D-037 and a 1.72 metres interval grading 23.96 g/t in hole DE-D-07-039. These intervals are reported in true width, with the structures generally dipping 75 o to the south-southeast. Holes DE-D-035, 039 and 037 are drilled parallel to hole DE-D-011 (NR November 6, 2006) and on sections located 11 and 25 metres east-northeast and 10 metres west-southwest of the DE-D-011section, respectively.

Table of Selected Drilling Results

Drill Hole Number

From

To

Interval

True Width

Au

ZONE

 

(m)

(m)

(m)

(m)

(g/t)

DE-D-07-033

86.32

88.40

2.08

1.1

28.65

Same structure as DE-D-001

DE-D-07-035

86.85

98.20

11.35

9.50

11.99

Same zone as DE-D-011

Including

88.08

88.58

0.50

0.42

177.00

And including

96.43

98.20

1.77

1.49

21.18

DE-D-07-037

80.51

83.28

2.77

2.33

5.10

Same zone as DE-D-006

Including

82.82

83.28

0.46

0.39

25.70

DE-D-07-039

86.85

92.85

6.00

5.04

12.36

Same zone as DE-D-011

Including

86.85

88.90

2.05

1.72

23.96

Note: All assays are reported uncut as the data set remains too small at this time to establish meaningful statistical boundaries for cutting.

Holes DE-D-07-07, 033 and 034 were testing the strike extension of the structure from which an intersection of 32.25g/t over 0.9m was previously obtained (NR May 11, 2005). Hole DE-D-07-033 intersected 28.65 g/t over a true width of 1.1m. Hole DE-D-008, DE-D-07-030, 031, and 032 were testing new regional structures. While the remaining holes did not intersect significant mineralized zones, several structures containing anomalous values were encountered.

Table of Reported Drill Hole Survey Data

Drill Hole

UTM

Orientation

Collar

Number

Zone

Easting

Northing

Azimuth (TN)

Dip

Elevation

 

 

(m)

(m)

degree

degree

(m)

DE-D-008

38K

575383

7827249

310

-45

543

DE-D-07-007

38K

576064

7828638

180

-45

531

DE-D-07-030

38K

575400

7827301

310

-45

546

DE-D-07-031

38K

574976

7826981

305

-45

570

DE-D-07-032

38K

575107

7827145

305

-45

580

DE-D-07-033

38K

576031

7828664

180

-45

542

DE-D-07-034

38K

576397

7828571

160

-55

570

DE-D-07-035

38K

574758

7827339

323

-47

546

DE-D-07-036

38K

574731

7827327

320

-45

554

DE-D-07-037

38K

574702

7827376

320

-45

556

DE-D-07-038

38K

574702

7827376

320

-60

556

DE-D-07-039

38K

574778

7827344

320

-45

539

The Company’s working structural model is based on the field work and drilling completed by the Company along with evidence from historic and current artisanal work. A broad Northeast/Southwest shear-zone has East/West dilatational features which host the gold mineralization. Drilling so far has been localized principally on the eastern end of one mineralized dilatational zone. Subsequent diamond drilling will continue to test the dilatational zone near the shear boundaries, and test the center of the dilatational zone where larger tonnage potential exists.

The Company’s focus during this Phase II is to develop a better understanding of the complex structural model controlling location of these high grade structures in order to fully delineate the zone at Dabolava East and to identify additional similar zones on trend. An induced polarization geophysical survey is presently underway to identify zones of silicification (resistivity) and disseminated sulphides (chargeability) often associated with gold mineralization. The survey should contribute to the structural interpretation and understanding of the area, assisting in identification of future drill targets.

Drilling is done with the Company’s Atlas Copco CS-14 skid mounted wireline drill. All holes are continuously cored utilizing HQ equipment through the weathered zone (approximately 10-15m), then reducing to NQ below the weathered zone.

Core is logged and saw-split at the Company's camp located near the project site. Sample intervals range from 0.40 meters to 1.5 meters. Blanks and duplicates are inserted every 25 samples. The retained core splits are securely stored at the camp, and the other splits are shipped to the Company's sample preparation facility in Antananarivo. Splits of pulverized samples are shipped to ALS Chemex Laboratories in Vancouver, an ISO accredited laboratory. Samples are subjected to fire assay for Au and 34 element ICP analysis. Sample rejects are stored at the Company's project site for future reference, required due diligence and engineering audits. Master pulps are retained at the Company’s laboratory in Antananarivo.

The Mountain of Gold Project is being managed by Canadian Marthe Archambault, P.Geo., with total program oversight provided by Gregory B. Sparks, P. Eng., a Director of the Company. Both are Qualified Persons under NI 43-101. Sample preparation and assistance in establishing laboratory protocols and sample handling and assaying quality control are supervised by Ardito Martohardjono, Vice-President of Laboratory Services and a Director of the Company.

Phase II - Additional Core Drilling Results 04/25/07

PAN AFRICAN MINING CORP. INTERSECTS 14.72 g/t AU OVER 8.3 METERS AT MOUNTAIN OF GOLD IN MADAGASCAR

The ongoing Phase II core drilling program continues to yield positive results from the Dabolava East Zone. These include an 8.3 meter interval grading 14.72 g/t Au in drill hole DE-D-023 and 0.40 meter grading at 55.10 g/t Au in drill hole DE-D-009. Hole DE-D-023 is located between previously reported holes DE-D-011 (5.5 meters grading 50.81 g/t Au) and DE-D-016 (5.6 meters grading 9.51 g/t Au) at distances from such holes of 50 meters and 40 meters, respectively. Hole DE-D-009 and DE-D-029 tested the same structure 300 metres further to the northeast. DE-D-009 intersected 55.10 g/t Au over 0.40m. The Company is encouraged by its continued intersection of high grade structures in the zone. Its focus with the on-going Phase II drilling program is to develop a better understanding of the complex structural model controlling location of these high grade structures.

Table of Selected Drilling Results

Drill Hole

From (m)

To (m)

Interval (m)

Au (g/t)

DE-D-023

83.60

91.90

8.30

14.72

including

83.60

84.80

1.20

51.47

and including

87.50

88.90

1.40

40.46

 

DE-D-009

53.20

53.60

0.40

55.10

Note: All assays are reported uncut as the data set remains too small at this time to establish meaningful statistical boundaries for cutting.

Table of Reported Drill Hole Survey Data

Drill Hole

UTM Grid No.

Easting

(m)

Northing

(m)

Azimuth

(true N)

Inclination

Collar Elev.

(m)

DE-D-022

38K

574652

7827323

343

-45

557

DE-D-023

38K

574772

7827347

344

-45

542

DE-D-024

38K

575172

7827769

151

-44

551

DE-D-025

38K

575197

7827724

330

-45

540

DE-D-026

38K

575221

7827691

330

-45

548

DE-D-027

38K

575194

7827661

330

-45

555

DE-D-028

38K

575170

7827643

330

-45

553

DE-D-029

38K

575044

7827491

330

-45

554

DE-D-009

38K

575004

7827523

150

-45

566

Drill intercepts reported were not resolved into true widths, but core angles for all reported intercepts are greater than 60 degrees. While the remaining holes did not intersect significant mineralized zones, several structures containing anomalous values were encountered.

The Company’s working structural model is based on the field work and drilling completed by the Company along with evidence from historic and current artisanal work. A broad Northeast/Southwest shear-zone has East/West dilational features which host the gold mineralization. Drilling so far has been localized principally on the eastern end of one mineralized dilational zone. Subsequent Phase II drilling will continue to test the dilational zone near the shear boundaries, and test the center of the dilational zone where larger tonnage potential exists. The Phase II drilling program will also test other targets along the major NE/SW regional trend, including seven separate anomalies identified in the 2006 regional geochemical studies.

Drilling is done with the Company’s Atlas Copco Christensen CS14 skid mounted wireline drill. All holes are continuously cored utilizing HQ equipment through the weathered zone (approximately 10-15m), then reducing to NQ below the weathered zone.

Core is logged and saw-split at the Company's camp located near the project site. Sample intervals range from 0.40 meters to 1.5 meters. Blanks and duplicates are inserted every 25 samples. The retained core splits are securely stored at the camp, and the other splits are shipped to the Company's sample preparation facility in Antananarivo. Splits of pulverized samples are shipped to ALS Chemex Vancouver, Canada facility, an ISO accredited laboratory. Samples are subjected to fire assay for Au and 34 element ICP analysis. Sample rejects are stored at the Company's project site for future reference, required due diligence and engineering audits. Master pulps are retained at the Company’s laboratory in Antananarivo.

Field operations, as well as core logging and sampling are performed by a well-qualified team of Malagasy geologists managed by Canadian Marthe Archambault, M.Sc., P.Geo., a Qualified Person who joined the Company’s team in January of this year. Ms. Archambault is fluent in French and English, and has over 25 years of mineral exploration and management experience in Canada and in numerous countries of the African continent, including work on properties such as the Tabakoto Deposit in Mali, the Bibiani Deposit in Ghana and the Twangiza project in the Democratic Republic of Congo, amongst others. Total program oversight is provided by Gregory B. Sparks, P. Eng., a Director of the Company and a Qualified Person under NI 43-101. Sample preparation and assistance in establishing laboratory protocols and sample handling and assaying quality control are supervised by Ardito Martohardjono, Vice-President of Laboratory Services and a Director of the Company.

Phase II - Exploration Core Drilling Results 11/06/06

Phase II program is now yielding positive results based on this targeting. These include a 5.5 meter interval grading 50.81 g/t Au in drill hole DE-D-011 and 5.6 meters grading at 9.51 g/t Au in drill hole DE-D-016.

Table of Selected Drilling Results  

Drill Hole

From (m)

To (m)

Interval (m)

Au(g/t)

 

 

 

 

 

DE-D-011

86.3

91.8

5.5

50.81

( including)

88.3

90.8

2.5

106.14

 

97.2

97.6

0.4

8.74

 

 

 

 

 

DE-D-012

103.7

104.8

1.1

20.6

 

 

 

 

 

DE-D-014

68.4

69.1

0.7

3.41

 

70.8

72.0

1.2

0.95

 

76.2

77.1

0.9

2.45

 

 

 

 

 

DE-D-015

129.4

130.2

0.8

3.50

 

 

 

 

 

DE-D-016

56.0

61.6

5.6

9.51

( including)

59.1

60.1

1.0

47.32

 

68.7

69.8

1.1

1.60

 

151.8

154.8

3.0

2.55

 

156.3

156.8

0.5

1.05

 

 

 

 

 

DE-D-017

71.6

72.9

1.3

2.23

 

83.5

84.5

1.0

7.59

 

 

 

 

 

DE-D-018

54.8

55.8

1.0

2.00

 

 

 

 

 

DE-D-020

99.6

100.6

1.0

3.93

 

 

 

 

 

DE-D-021

106.3

106.7

0.4

1.30

Note: All assays are reported uncut as the data set remains too small at this time to establish meaningful statistical boundaries for cutting.

Table of Reported Drill Hole Survey Data

Drill Hole

UTM Grid No.

Easting

(m)

Northing

(m)

Azimuth

(true N)

Inclination

Collar Elev.

(m)

DE-D-10

 

574717

7827323

343

45

550

DE-D-011

38K

574747

7827337

322º

-47º

546

DE-D-012

38K

574736

7827488

152º

-45º

550

DE-D-13

38K

574775

7827475

165

45

542

DE-D-014

38K

574791

7827397

343º

-45º

538

DE-D-015

38K

574735

7827490

152º

-60º

550

DE-D-016

38K

574774

7827476

165º

-55º

542

DE-D-017

38K

574792

7827396

343º

-55º

538

DE-D-018

38K

574811

7827426

345º

-60º

536

DE-D-19

38K

574804

7827351

345

45

540

DE-D-020

38K

574747

7827337

322º

-60º

546

DE-D-021

38K

574679

7827334

343º

-45º

555

Drill intercepts reported were not resolved into true widths, but core angles for all reported intercepts are greater than 60 degrees. Drill holes DE-D-10, DE-D-13, and DE-D-19 did not encounter significant mineralization.

Based on the field work and drilling completed to date by the Company along with empirical evidence from historic and current artisanal work, the existence of a broad Northeast/Southwest shear-couple with coincident East/West dilation between the shear boundaries is emerging as the structural model which hosts the gold mineralization. Drilling so far has been localized principally on the Eastern end of the dilational zone. With the structural model coming into focus, subsequent Phase II drilling will test the zones of flexure at both sides of the shear couple where the tensional features wrap into the shear boundaries, and test the center of the dilational zone where there is potential to produce even more robust results.

Phase I - Exploration Core Drilling Results

Phase I exploration core drilling on its Mountain of Gold Project. This project is located in the Dabolava region of the Central-West Plateau of Madagascar. The Company's license in this region encompasses approximately 1825 sq. km. situated 125 air miles west-southwest of the capital city of Antananarivo, in the provinces of Toliary and Antananarivo. The 2,000 meter drilling program tested reconnaissance level targets suggested by previous field mapping, geochemical sampling, geophysical interpretation, and shallow trenching along the more than 10 kilometer, east-west Mountain of Gold shear system ("MOGS zone") which hosts historic French colonial as well as past and present Malagasy artisanal workings along most of its length.

Targeting information included surface evidence of several large gold bearing east-west striking quartz veins exposed through shallow mining by French interests during the early Twentieth Century. These old workings, now marked by deep linear incisions along four discrete structures, can be followed continuously for nearly 2 km. Further strengthening this target were two historic studies conducted by the French agency BRGM in the early 1980's. Of interest were the orientation and congruence of an Au soil geochemical anomaly with a magnetic anomaly, both of which trend southwest-northeast. The six core holes, which tested these coincident anomalies as well as the down-dip projections of the historic workings in the Dabolava East area, yielded several significant "discovery" intercepts as presented in the table below:

Hole Number From
(meters)
To
(meters)
Interval
(meters)
Assay Au (g/t)
DE-D-001 57.3 58.2 0.9 32.25
DE-D-002 (no significant intercepts)
DE-D-003 51.0 52.0 1.0 12.19
DE-D-004 44.9 49.4 4.5 2.0
  127.1 131.4 4.3 10.52
DE-D-005 40.2 41.1 0.9 3.75
  88.2 88.8 0.6 2.60
DE-D-006 25.7 42.9 17.2 4.04
including 25.7 26.6 0.9 13.80
including 30.5 36.2 5.7 5.13
including 41.3 42.9 1.6 17.08

Notes to Table

Hole number DE-D-002 did encounter structure, but values were relatively minor. Because of insufficient information, no attempt has been made to resolve the intercepts provided in the table above into true widths. Core angles with mineralized zones were generally greater than 60 degrees, and in many instances greater than 70 degrees.


Locations and orientations for the Dabolava East holes are as follows:

Hole Number Northing UTM 38K Easting UTM 38K Collar Elevation (meters) Azimuth (mag) Dip (deg) Total Depth (meters)
DE-D-001 7,828,537 575,667 556 008 -45 92.0
DE-D-002 7,828,571 575,926 569 353 -45 87.2
DE-D-003 7,828,405 575,302 542 012 -50 85.0
DE-D-004 7,827,454 574,600 573 158 -44 180.0
DE-D-005 7,827,454 574,600 573 158 -60 180.0
DE-D-006 7,827,464 574,709 568 170 -45 180.0

The reconnaissance level drilling completed thus far suggests that the 10 km MOGS zone may host a number of similarly productive gold-bearing dilational features. The 4.3 m @10.52 g/t Au and 17.2 m at 4.04 g/t intercepts in holes DE-D-004 and DE-D-006 respectively, (approximately 110 meters apart) define a southwest-northeast trending zone that has coincident Au soil and magnetic anomalies generated by the BRGM, intersecting the generally east/west MOGS zone defined by the historic workings. The significant drill results which confirm a permissive structural environment along with a strong gold-sulfide association, suggest that further geochemical and magnetic studies are required along the 10 km MOGS zone to define additional drill targets on similar areas of dilation.

Phase I drilling of the Gossan and Andimaka areas, along east-west structures on the MOGS zone intersected tight subvertical shears and failed to demonstrate suitable host environments. The mountain from which the Mountain of Gold shear takes its name remains a priority target for the next phase of work, as empirical geologic evidence suggests that it has the structural complexity necessary for hosting economic mineralization. Further geophysical and geochemical surveys are planned to site Phase II drill targets in this and other prospective areas along the entire MOGS trend.

The widths and values noted in the drilling results above are suggestive of an area of good ground preparation and intense mineralization with the potential to host a major economic deposit. According to Irwin Olian, President and CEO, "We are delighted with these highly significant discovery intercepts from our initial Phase I reconnaissance drilling program. Not only are they are suggestive of a highly mineralized, permissive zone along this major structure in Dabolava East, but they also tend to confirm a model which suggests numerous additional targets along the more than ten kilometers of known strike on the Mountain of Gold Shear system. We are greatly appreciative of the efforts of our dedicated staff of Malagasy geologists, technicians and other professionals, as well as the efforts of our strong international team of geologists and engineers. Through continued cooperation and hard work, we expect to build upon this success in Madagascar."

Drilling was performed under contract by a drilling subsidiary of Dynatec Corporation (TSX-DY), utilizing a multi-purpose track mounted UDR 650 drill. All drilling was continuously cored with a wireline system. Most holes were collared and drilled through the weathered zone with HQ equipment. Once through the weathered zone, core size was reduced to NQ.

Core was logged and saw-split at the Company's camp at the project site. The retained core splits are securely stored at the camp, and the other splits were shipped to the Company's sample preparation facility in Antananarivo for crushing to <2mm. Two hundred fifty gram splits of crushed material were divided and shipped to ALS Chemex in Johannesburg, South Africa for pulverization to 75 microns. The pulverized samples were then forwarded to ALS Chemex in Vancouver, B.C. for gold determination by Fire Assay and 34 element ICP analysis, using 30-gram sub-samples. Sample reject is stored at the Company's sample preparation facility for future reference, required due diligence and engineering audits. The remaining pulverized material is temporarily stored at ALS Chemex in Johannesburg and will be returned to the Company.

Drilling, logging, and sampling were overseen by Andre J. Audet, P.Eng., and Australian geologist, Brian Thiele. Both Audet and Thiele are qualified persons under NI 43-101. Sample preparation was supervised by Ardito Martohardjono, Vice-President of Laboratory Services, formerly a sample preparation supervisor and branch manager for Bondar Clegg and ALS Chemex. Total program oversight was provided by Gregory B. Sparks, P. Eng., a director of the Company and a qualified person under NI 43-101. Dr. Peter Christopher, P.Eng., has served as an independent advisor and qualified person under NI 43-101 for this program.

Information Sources
This section has been extracted from a January 12, 2004 report entitled "Technical Report on Proposed Exploration of the A2 (Dabolova) Project, Madagascar" prepared for the Company by Peter Christopher, PhD, PEng ("Christopher"), of Peter Christopher & Associates, Inc., of Vancouver, British Columbia (the "Dabolava Report").

Aeromagnetics Dabolava Survey Madagascar

Location of Mineralization and Workings
Most of the historical production and known gold showings are located along an east-west corridor that extends from Ranartina on the east to Miandrivas on the west, and situated to the south of the Mahajilo River. Gold showings are taken from Ministry mineral inventory maps. PAMM personnel believe that most of the alluvial and stream placer operations have never been documented.

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Dabolava Dabolava
Situated in the provinces of Toliary and Antananarivo, Madagascar.
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