TORONTO, CANADA: TUESDAY JUNE 3, 2014: SIKA Resources Inc. (“SIKA” or the “Company”) is pleased to announce the Company has successfully listed on the Optimize Capital Marketplace to raise funds for exploration on SIKA’S 100% owned gold projects in the Lake Victoria Goldfields in Tanzania. The Lake Victoria Goldfields are host to over 60 million ounces of gold, and the area’s potential for further discoveries has yet to be tested.
Kim Harris, SIKA’s President and CEO, comments: “We are very pleased to be working with the team at Optimize Capital Markets Inc. SIKA has highly prospective gold properties and we look forward to initiating work on Iselenge and on the Ntundu project which is SIKA’s flagship property. The Ntundu property is located immediately adjacent to the Jubilee Reef Mine, the oldest and also the first gold mine discovered in Tanzania. Both the Iselenge and Ntundu properties are highly prospective and we are eager to get our exploration program underway.”
Artisanal miners are quite active in the Ntundu area, which lies roughly 40 kilometres south of African Barrick’s 17 plus million-ounce Bulyanhulu gold mine, and 30 kilometres north of African Barrick’s 2.6 plus million ounce Buzwagi gold mine. The Lake Victoria region of Tanzania is host to several other significant operating gold mines, including Geita Mine with over 30 million ounces of gold. Tanzania continues to attract investment in the mineral sector and remains a stable, investor-friendly jurisdiction.
Click here to see SIKA’s corporate presentation.
ABOUT OPTIMIZE CAPITAL MARKETS INC.
Optimize Capital Markets was launched in September 2009 in Toronto, with the express aim of building a new kind of banking firm. Their institutional corporate finance team are experts in traditional banking, but they also set themselves apart with their innovative online institutional crowdfunding marketplace. The largest of its kind in North America, Optimize Capital Markets’ online marketplace is on the cutting edge of investment banking, providing a new way for institutional and accredited investors to explore many verified, promising opportunities.
Optimize Capital Markets is leading the next generation of investment banking firms. They specialize in helping private and public entities acquire capital by connecting institutional and accredited investors directly with investment opportunities.
SIKA Resources Inc. is a Canadian gold explorer with four 100% owned properties in Tanzania’s Lake Victoria Goldfields, a region with over 60 million ounces of gold in reserves, hosting several significant producing gold mines.
Tanzania is one of Africa’s most stable countries, is well endowed with mineral resources, and features a progressive, western-oriented political system and investor-friendly business climate. It is Africa’s third largest gold producer, with many prospective regions still underexplored.
SIKA’s flagship property, Ntundu, is located in the foothills of the Siga Hills, contiguous to the historical past gold producer Jubilee Reef. African Barrick’s 2.6+ million-ounce Buzwagi Mine is on trend, and just 25 kilometres north of SIKA properties that are hosted in similar geology. All of SIKA’s properties are hosted within Archean rocks of the Lake Victoria Goldfields area and are cut by lineaments and structures similar to, and in some cases on the same trend as, those which host some of Tanzania’s largest gold deposits.
SIKA has a highly experienced team with extensive public company management experience and strong technical expertise in Tanzania and throughout Africa.
Click here to view the location of SIKA’s properties in the Lake Victoria Goldfields.
For further information, please contact:
Kim Harris President and CEO
CEO Direct Line: + 1 416 447 6882
Fax: + 1 416 447 9950
Certain statements contained in the following presentation constitute forward-looking statements, involving a number of known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements of the Company to be materially different from actual results and achievements expressed or implied in such statements. Readers are cautioned not to place undue reliance on these statements, while considering the risks inherent in the business of exploration.