The property in Tanzania shows indicative potential for 500,000 to 1,000,000 ounces of gold mineral reserves, including high grade areas.
Afrocan Resources owns Capri General Trading Company, which in turn controls the mineral rights on a highly promising, licensed gold property in Tanzania.
The transaction will provide Ardent with 100% of Capri and the mineral rights on a property of approximately 10 sq km situated approximately 53km north west of Kahama in the Bukombe District in the Shinyanga region.
