EcoGraf Reports Promising Gold Exploration Results in Tanzania

EcoGraf Limited has reported encouraging results from initial exploration of its Tanzanian gold assets. High-grade findings, including a 4.45 g/t gold rock chip sample at the Hazina prospect, underline the potential of the Golden Frontiers projects. The discovery, combined with a partnership with AngloGold Ashanti and rising gold prices, strategically positions EcoGraf to enhance its asset value.

The maiden exploration program marked significant achievements. Hazina, part of the Southern Frontier, exhibited a 3 km long geochemical anomaly. Meanwhile, the Northern and Western Frontiers revealed 16 new priority gold targets.

EcoGraf is actively exploring strategic options for its projects amidst a favorable market, with gold prices recently surpassing US$4,500/oz. Future steps will focus on advancing exploration and possibly partnering with large gold producers to maximize asset potential.