Galane Gold Ltd. releases results from the Tekwane prospect that show significant gold mineralisation close to surface

Tuesday, Dec 04, 2012

Galane Gold Ltd. ("Galane Gold" or the "Company") (TSX VENTURE:GG) is conducting a major long term exploration programme over a large number of prospects contained within its mining leases and exploration tenements which cover the bulk of the Tati greenstone belt in Botswana. The Company is pleased to provide an update concerning on-going exploration work at the Company's Tekwane Prospect to define gold mineralisation found in a flat-lying quartz rubble bed in the soil profile, close to surface. The Company is also announcing results from the first phase of pit excavations at the Tekwane Prospect.

Through a regional program completed by a predecessor to the Company in 2002, a gold-in-soil geochemical anomaly measuring 2.6km X 1.0km in size was shown to exist, which was named the Tekwane Prospect. The Tekwane Prospect is located approximately 11km down the main road from the Company's processing plant at the Mupane Mine, north of the Archaean Tati greenstone belt in Botswana. It is covered by Prospecting Licence 101/2011 held by the Company's wholly-owned subsidiary Northern Lights Exploration Company (Pty) Limited.

Source: Marketwire