![Transafrika [logo]](i/logo.gif){kind=logo}
TransAfrika Resources Limited (TransAfrika) is an African resource, exploration and development company with highly prospective exploration projects in Mauritania and the Democratic Republic of the Congo (DRC). In 2011, TransAfrika disposed of its Malian, Rwandan and Senegalese exploration interests to TSX - listed Desert Gold Ventures Inc. on 29 November 2011.
Mauritania : The company holds six permits covering an area of 742 700ha. The permits grant TransAfrika the right to prospect for iron, gold, base metals and uranium. The Kaouat iron ore project (Kaouat), covering 147 400ha, is currently being explored. To date, an exploration target of 1 billion tonnes of iron ore, containing about 30% iron, which is potentially upgradable to 67%, has been identified.
Drilling on permit 272 shows gold mineralisation associated with anomalous zinc, lead and copper associated with barite and manganiferous gossans.
DRC : The company holds three permit areas and one option covering 123 930ha. Extensive hard rock and alluvial mining on the Luiko permit and first phase diamond drilling has been completed.
