I've been following these as well, TRX seems out of our leage with partners such as Barrick etc and I am not sure LVCA has the same backing Canaco did, when they hit on their Handeni prospect, what is your take? Could you please post that mining publication you spoke of.
(TRX) PPS $2.57
Tanzanian Royalty Exploration Corporation is a mineral resource company with exploration stage properties. The Company’s general area of interest has been in the exploration of gold properties, with a focus on exploring for gold properties in Tanzania. As of August 31, 2010, it had royalty agreements with five industry partners covering many of its prospecting licenses. These licenses are under agreement with Barrick Exploration Africa Limited (BEAL), MDN Inc. (MDN), Sloane Developments Ltd. (Sloane), Kazakh Africa Mining Ltd. (Kazakh), and Songshan Mining Co. Ltd. (Songshan). As of August 31, 2010, its land position totaled 132 prospecting licenses in the Lake Victoria Greenstone Belt and Kabanga/Kagera Nickel Belt regions of Tanzania, covering an area of approximately 6,770 square kilometers. In February 2010, it entered into an Option and Royalty Agreement with Joseph Magunila and Partners (JMP) over an area in the Kahama District in Tanzania 100% owned by JMP.
(CAN) PPS $1.40
Canaco Resources Inc. is a Canada-based mineral exploration company. The Company is engaged in the acquisition, exploration and development of mineral properties in Tanzania. The Company’s properties include the Handeni Gold Project and the Kilindi property. The Handeni Gold Project consists of two claims totaling 196 square kilometers, the Magambazi Primary Mining Licenses and the Kilindi Prospecting License. The Handeni Gold Project is located in the Tanga Region of northeastern Tanzania, 130 kilometers north northeast of the city of Morogoro and 30 kilometers south of the town of Handeni. The Magambazi property is owned 100% by Magambazi Mines Company Ltd. The Company has an option agreement to acquire a 100% interest in the Magambazi Primary Mining Licenses. As of June 30, 2010, it held 100% interest in the Kilindi property. In August 2010, the Company acquired a 70% interest in Harvest Mining PLC, which is an exploration company
