Pan African Mining - Diamanten, Gold, Uran - Rohstoffherz, was willst du mehr?

Pan African Mining Corp.
Suite 1925, Box 11553
650 West Georgia Street
Vancouver, BC
V6B 4N8

FOR IMMEDIATE RELEASE

January 10, 2008 TSX.V: PAF FRANKFURT: P2A

PAN AFRICAN MINING CORP. COMPLETES FIRST PHASE GEOCHEMICAL SAMPLING ON KEY BOTSWANA DIAMOND LICENCES; 113 CIRCULAR MAGNETIC ANOMALIES TARGETED

VANCOUVER, British Columbia – PAN AFRICAN MINING CORP. (the “Company”) is pleased to report that it has now completed the first phase of geochemical sampling on its Fairy Ring and Okavango Projects in the Northwest of Botswana. Each comprises three Prospecting Licences aggregating approximately 3000 sq. km, for a total area of some 6000 km2. The licences are held by its wholly-owned subsidiary, PAM Botswana (Pty) Ltd.

In Botswana, which remains the world’s leading producer of gem diamonds, the Northwest corner of the country is rapidly developing into a very active diamond exploration play, reflected by a surge of exploration activity and new Prospecting Licenses. The Company’s Okavango licenses are adjacent to claims recently acquired by De Beers in Botswana, and that Company’s Namibian affiliate (Namdeb) in neighbouring Namibia. This activity has been stimulated in part by an increasing consensus that the Congo craton, which hosts important economic diamond deposits, extends into northwest Botswana. Furthermore, this area is strategically located close to two major surface concentrations of diamonds and G10 garnets in the vicinity of Omatako and Tsumkwe, to the west in Namibia. It could therefore host the primary kimberlite sources of these two important unexplained kimberlite pathfinder anomalies.

Active exploration programmes by the Company are currently under way in both the Fairy Ring (Tsau region) and Okavango PL blocks. High resolution aeromagnetic data covering the ground has been filtered by Scott Hogg and Associates, geophysical contractors based in Toronto Canada. Both the Fairy Ring and Okavango project areas are characterized by numerous bulls-eye magnetic features, comparable to those associated with kimberlite pipes. In-house screening of the magnetic data has identified 75 targets for first phase follow-up in the Okavango block, and a further 38 in the Fairy Ring area.

The first phase of follow-up has entailed surface loam sampling over all of the targets. This technique has proven to be effective in the Kalahari environment, with surface concentrations of heavy minerals recovered over kimberlite pipes covered by overburden of the Tertiary Kalahari Formation. Depth to the base of the Kalahari in most of the company ground is believed to be significantly shallower than 100m. The sampling programme was carried out on behalf of the Company by Mr. Pitse Rababaaye of Mineral Services Consultancy, who has extensive experience managing field programmes in the Kalahari environment. Two samples, each separated into two size fractions (300-425¼m and 425-2000¼m) of 15kg were collected over each target. Sampling has been completed over both project areas, and all of the samples have been despatched to Mike Scott and Associates (MSA) in South Africa for the recovery and analysis of kimberlitic minerals. Results are expected later in this first quarter of 2008.

The second phase of exploration entails ground magnetic and gravity surveys over representative aeromagnetic targets, selected to cover a range in target size and magnetic characteristics. This programme, which is currently under way, is being carried out by Spectral Geophysics, and is scheduled to be completed shortly. The geophysical and sampling results will form the basis for identifying targets for drilling, planned for later in 2008.

In addition to these programmes, Drs. Margret McFarlane, the geomorphology consultant to the company, and Dr. Frank Eckhardt of the University of Cape Town, have commenced a programme to develop criteria for identifying kimberlites on the basis of their surface expressions. Both are internationally recognized geomorphologists, who have published numerous scientific papers on landforms of northwest Botswana. Overall project supervision is being provided by Dr. Andy Moore, Pr. Sci. Nat., a Qualified Person under N.I. 43-101.

According to Irwin Olian, CEO of the Company, “We are very excited by progress to date on our Botswana diamond prospects. Having now identified some 113 clustered targets in our Okavango and Fairy Ring Projects with geophysical signatures typical of kimberlites, we are working with all due speed to complete geochemical studies and other targeting work necessary to identify and prioritize drill targets.”

About Pan African Mining Corp.

The Company is an exploratory resource company with approximately 7,500 sq. km. of diversified mineral properties and 5,000 sq. km. of uranium properties in Madagascar. The Company is exploring these properties for uranium, gold, coal, precious stones, base metals and industrial commodities. In addition, the Company is exploring two large regions for gold and metals in Mozambique under agreements with other companies. It also has approximately 5500 sq. km. of diamond licenses in Botswana which it is presently exploring. Its operations in Madagascar are carried out through its operating subsidiary, PAM Madagascar Sarl, and its uranium activities are carried out through its 80% owned subsidiary PAM Atomique Sarl. The Company has offices in Vancouver, Canada and Antananarivo, Madagascar. More information about the Company is available at http://www.panafrican.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF
PAN AFRICAN MINING CORP.

“Dr. Andy Moore”
Dr. Andy Moore
V.P. Exploration - Diamonds

The Northern Miner, 1/23/2008

Pan African proving up Africa's big island

Pan African Mining (PAF-V) wants to further the mining momentum that is taking hold of Madagascar.

The world's fourth largest island currently has two heavy weights operating on its soil with Rio Tinto (RTP-N, RIO-L) operating an industrial minerals complex and Sherritt International (S-T) pushing towards production at the Ambatovy nickel project.

The big dollar investments have come on the heels of the stabilizing of the political situation – an improvement that coincides with the arrival of self-made business man Marc Ravalomanana as president. Ravalomanana – who took office in 2002 -- credits a World Bank loan with turning him from a yoghurt salesman into a dairy factory owner, and his reign has been marked by intense infrastructure efforts and the increased presence of the World Bank to help stimulate growth.

In 2006 the people of Madagascar voted in Ravalomanana for another five year term.

Pan African is intimately tied to the fortunes of the country, as chief executive Irwin Olian has carved out a massive presence in terms of mineral exploration claims.

In all, Pan African has 22 properties that span out over 7,500 sq. km of claims for gold, base metals, coal, diamonds and precious stones and another 5,000 sq. km of uranium claims.

Its key projects, however, are the Dabolava property – or the Mountain of Gold –and the Tranomaro uranium project.

Dabolava sits in the central-west plateau of the country 200-km west of the capital Antananarivo.

So far drilling has focused on Dabolava East, but that could soon be changing as a Pan African has finished an induced polarization survey of 900 sq. km to try and distinguish patterns similar to the gold bearing ones at Dabolava East.

At Dabolava East, highlights from the most recent assays included 9.5 metres grading 11.99 grams gold per tonne and 2.33 metres grading 5.1 grams gold per tonne.

Drilling has been testing a known mineralized zone that returned 32.25 grams gold over 0.9 metres in a 2005 program. The company is testing both the zone near its shear boundaries and the center of the zone, where Pan African says larger tonnage potential exists.

Past highlight intercepts from the project included 5.5 metres grading 50.81 grams per tonne, and 5.6 metres grading 9.51 grams per tonne.

Gold is contained in quartz veins, with most intersects coming from a mineralized zone that extends over a 10-km strike length.

As for Tranomaro, it is the primary target in the company's large uranium portfolio.

All uranium projects, however, are operated as joint venture between Pan African and the government. The two entities make up PAM Atomique Sarl, with Pan African having an 80% stake and the government taking up the remaining 20%.

Tranomaro extends over 1,287 sq. km and Pan African has drilled 10 holes to a depth of between 70 and 130 metres at old French mine there known as Number 37.

Results from the drill program show uranium mineralization continues below the floor of the old open pit mine and were highlighted by 5 metres grading 0.2022% U308, 3 metres grading 0.3217% U308 and 3 metres grading 0.24% U308.

Results from the initial five holes were released in June of 2007 and were highlighted by 17.2 metres of grading 0.4329%U308.

Pan African shares were trading for $1.68 in Toronto on Jan. 23 and have traded between $3.59 and $1.62 over the last 52-weeks. It has 26.3 million shares outstanding.
Table of Contents

http://www.northernminer.com/i…RType=&PC=&issue=01232008

Ganz interessant

http://www.sedar.com/DisplayCo…lang=EN&issuerNo=00020635

Audited annual financial statements - English

ON Form 13-502F1 (Class 1 Reporting Issuers - Participation Fee)

MD&A - English

Grüße GW

Kam heute per email:

FOR IMMEDIATE RELEASE

February 5, 2008 TSX.V: PAF FRANKFURT: P2A

PANEL SAMPLES FROM PAN AFRICAN’S MOUNTAIN OF GOLD IN MADAGASCAR CORROBORATE STRONG GEOPHYSICS TARGETS AND CONFIRM 8.5 KM. GOLD-BEARING TREND

VANCOUVER, British Columbia – PAN AFRICAN MINING CORP. (the “Company”) is pleased to announce that results of its extensive regional geochemical sampling program undertaken in 2007 have now been received from ALS Laboratories and confirm existence of the gold-bearing trend to at least 8.5 km on its Mountain of Gold Project. The project is situated in the Dabolava area, in Madagascar’s central-west plateau. The Company’s license in this region encompasses approximately 900 sq. km. situated 125 air miles west-southwest of the capital city of Antananarivo, in the provinces of Toliary and Antananarivo.

Results from an extensive surface sampling campaign along the regional trend have to date returned 70 samples over 0.5 g/t Au, with 24 samples greater than 3.0 g/t Au. These include 12 panel samples between 5 and 10 g/t Au, one grab sample at 14.3 g/t and another grab sample at 71.6 g/t Au. The Company’s focus during the current Phase 2 exploration and drilling program has been to develop a better understanding of the complex structural model controlling location of the high-grade gold bearing structures within the region. Specifically, we set out to identify additional zones similar to Dabolava East and to corroborate targets with strong geophysics signatures generated in our ground geophysics work, which included an induced polarization study over key targets in the regional trend.

Following the structural interpretation of the successful induced polarization survey recently conducted, combined with prospecting and geological mapping, the Mountain of Gold Trend can now be followed over a strike-length of at least 8.5 km towards the west. The trend (shear zone) consists of numerous subparallel gold-bearing shears over a width averaging 50 metres, with an additional strong parallel structure a further 30 metres to the south which is interpreted as the extension of the Andimaka Trend. Another similar structure, the Morataitra Trend, is shaping up approximately 1 kilometre to the south. It can be followed over a strike length of 4 km so far. These trends are illustrated on the maps posted on our website.

The surface sampling of the individual structures within the regional trends is ongoing and additional results are pending. Numerous diamond drilling targets have been generated.

TABLE OF SELECTED SURFACE SAMPLE RESULTS

GOLD

UTM COORDINATE

SAMPLE

SAMPLE

RESULTS

NORTHING

EASTING

TYPE

DIMENSIONS

g/t

m

m

m

71.600

7835561

566157

GRAB

14.300

7834720

563653

GRAB

9.110

7837190

558737

PANEL

1 x 1

9.080

7836461

564150

PANEL

1 x 1

8.150

7836406

562767

PANEL

1 x 1

7.840

7835580

567184

PANEL

1 x 1

7.010

7837190

558737

PANEL

1 x 1

6.570

7834782

561932

PANEL

1 x 1

6.460

7834413

560799

PANEL

1 x 0.5

6.220

7836416

563903

PANEL

1 x 1

5.960

7835791

567559

PANEL

1 x 1

5.850

7835006

568139

PANEL

1 x 1

5.250

7835516

566292

PANEL

1 x 0.5

5.040

7835479

567618

PANEL

1 x 0.5

4.790

7835252

568587

PANEL

1 x 1

4.720

7833497

561826

PANEL

1 x 1

4.020

7836419

564419

PANEL

1 x 1

3.850

7835786

566917

PANEL

1 x 1

3.790

7834638

564020

PANEL

1 x 1

3.730

7834679

563576

PANEL

1 x 1

3.590

7834822

563185

PANEL

1 x 1

3.430

7834829

562017

PANEL

1 x 1

3.430

7836109

561963

PANEL

1 x 1

3.300

7835453

567609

PANEL

1 x 0.5

The Company is planning an aggressive diamond drilling campaign to test these newly identified targets as well as to continue the delineation of the Dabolava-East Zone using its own Atlas Copco CS14 skid mounted wireline drill. Drilling of the Dabolava-East zone is presently under way. Further drilling along the Mountain of Gold Trend is scheduled to start in several months.

The Mountain of Gold Project is being managed by Canadian Marthe Archambault, P.Geo., with total program oversight provided by Gregory B. Sparks, P. Eng., a Director of the Company. Both are Qualified Persons under NI 43-101. Sample preparation and assistance in establishing laboratory protocols and sample handling and assaying quality control are supervised by Ardito Martohardjono, Vice-President of Laboratory Services and a Director of the Company.

According to Irwin Olian, CEO of the Company, “These exceptional surface sample results give great encouragement to the potential for discovering further gold deposits along trend throughout the region. Of particular significance is the fact that a number of these strong geochemical targets coincide with strong geophysics targets in the immediate vicinity of the Mountain of Gold. Core drilling is under way and will continue all year on the project.”

About Pan African Mining Corp.

The Company is an exploratory resource company with approximately 7,500 sq. km. of diversified mineral properties and 5,000 sq. km. of uranium properties in Madagascar. The Company is exploring these properties for uranium, gold, coal, precious stones, base metals and industrial commodities. In addition, the Company is exploring two large regions for gold and metals in Mozambique under agreements with other companies. It also has approximately 5500 sq. km. of diamond licenses in Botswana which it is presently exploring. Its operations in Madagascar are carried out through its operating subsidiary, PAM Madagascar Sarl, and its uranium activities are carried out through its 80% owned subsidiary PAM Atomique Sarl. The Company has offices in Vancouver, Canada and Antananarivo, Madagascar. More information about the Company is available at http://www.panafrican.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF
PAN AFRICAN MINING CORP.

“Irwin Olian”
Irwin Olian
Chairman & CEO

For more information, contact:

Irwin Olian, President and CEO

E-mail: tigertail@panafrican.com

Phone: (604) 899-0100

Fax: (604) 899-0200

Tom Kinakin, Corporate Communications – Vancouver

Email: tom@panafrican.com

Phone: (604) 899-0100

Fax: (604) 899-0200

Carrie Howes, Corporate Communications

Email: carrie@panafrican.com

Phone: London: +44 (0) 7780 602 788

Phone: Germany: +49 (0) 1722 1234 47

Latest Core Drill Results From Pan African's Tranomaro Uranium Project Confirm Further Expansion of the Zone: Results Include 6.0 m of 3.44 lbs/sh.t U3O8 (0.15% U)
VANCOUVER, BC--(Marketwire - February 18, 2008) - PAN AFRICAN MINING CORP. (TSX-V: PAF) (FRANKFURT: P2A) (the "Company") is pleased to announce that assay results from two more drill holes completed in late 2007 on its Tranomaro Uranium Project in the South-East of Madagascar have now been received from ALS Laboratory Group in Vancouver. These holes are part of Phase 1 of the core drilling program which was commenced last year. 11 holes have now been completed to a typical depth of 70-130 m at old French Mine No. 37. The current drill program is presently focused on exploration of one of several highly mineralized priority target areas within the 206 squares held by the Company in the Tranomaro region, covering an aggregate license area of approximately 1287 sq. km.

Assays from the latest two holes reported show significant Uranium mineralization up to 0.15% U, which can be traced below the old Mine No. 37 and to the West of it. Mineralization there has been confirmed so far in core drill holes to a depth of up to 100 m. Mine 37 was in operation by the French Commissariat a L'Energie Atomique ("CEA") through the late 1950s, focusing on extraction of U from several of the high-grade readily minable surface deposits in the area. The Uranium typically occurs in this region as uranothorianite in bands of pyroxenite. The French chemically treated the ore to separate out the U in order to supply its nuclear power industry at home. The Company views the region as offering great potential due to the more than 100 targets which have now been identified, including both high-grade anomalies which remain unexploited by the French as well as large lower-grade deposits which were typically ignored in the 1950s era.

The following tables present selected Uranium assay results from mineralized intersections of the most recent two drill holes reported. Previously, 9 core holes were drilled in a North-South line parallel to the face of the old French Mine 37. Those holes were spaced at 30 m intervals and cover an extent of approximately 240 m length N-S. All of those holes yielded significant Uranium values and the Company is now drilling another line of holes 20 m to the West in a line parallel to the first one, searching for extension of the mineralized pyroxenite horizon. The N-S spacing of 30 m and the drill hole inclination of 55 degrees to the E was maintained as applied in the first line. The two new drill holes confirm the down-dip continuation of the mineralized strata to the West. The size of the highly mineralized lens is bounded only to the East, remaining open in the N-S direction as well as to the West, and at depth.

TABLE OF SELECTED DRILL RESULTS
-------------------------------------------------------------------
Drill hole 63S 17E
E652587.21; N7282672.16; Azimuth:70 degrees, Inclination:55 degrees
-------------------------------------------------------------------
Depth (m) Interval ME-MS61U ME-MS61U lbs U3O8 /short ton
-------------------------------------------------------------------
From To (m) Th (ppm) U (ppm)
-------------------------------------------------------------------
53 58 5 896.8 886.6 2.09
-------------------------------------------------------------------
73 84 11 1098.5 600.7 1.42
-------------------------------------------------------------------

Drill hole 100S
E652583.90; N7282631.60; Azimuth:70 degrees, Inclination:55 degrees
-------------------------------------------------------------------
Depth (m) Interval ME-MS61U ME-MS61U lbs U3O8 /short ton
-------------------------------------------------------------------
From To (m) Th (ppm) U (ppm)
-------------------------------------------------------------------
72 78 6 1539.8 1458.12 3.44
-------------------------------------------------------------------
The results to date are most encouraging and continue to expand the size of the U-bearing zone in and around old French Mine No. 37. They signal that our Uranium exploration team has refined their understanding of the regional and local geology as well as the ore petrology to such an extent that the field work can be accelerated in pace and very target orientated. The evaluation by our field team of more than one hundred abandoned open pit Uranium mines and radiometric and geochemical anomalies is ongoing and enables us to select promising drill targets efficiently and quickly. A small, portable drill rig is used for scout drilling of shallow holes. The heavy Atlas-Copco CS-14, capable of reaching far below 500 m depths, is positioned where our team has identified potentially important anomalies or mineralized shoots. Besides continuing at Mine 37, upcoming targets for the big drill will be in the vicinity of Mines 52 to 56, N of Tranomaro.

While the Company is directing the exploration work, the Atlas Copco CS-14 in use at Tranomaro is operated by L'Office des Mines Nationales et des Industries Strategiques ("OMNIS"), a Malagasy State Agency. OMNIS is the Company's Joint Venture Partner on the Tranomaro Uranium Project, which is 80% owned by the Company. The program is managed by Dr. Reinhard Ramdohr, Senior Geologist and Mining Engineer, a Qualified Person within the meaning of N.I. 43-101. He is assisted by the experienced Team Manager Marcel Rasolofonirina and a highly skilled crew of fourteen Malagasy geologists, geophysicists and technicians. Gregory B. Sparks, P.Eng. a Qualified Person under N.I. 43-101 and Director of the Company providing overall project oversight.

Sample preparation, recording, quality control, handling and shipping are done by the Company's lab in Antananarivo. This work is supervised by Ardito Martohardjono, Vice-President of Laboratory Services and a Director of the Company. The chemical analytical work is performed by ALS Laboratory Group of Vancouver, B.C., utilizing their Uranium Package Code ME-MS61U, a 48 element near total digestion ICP procedure. Overlimits for the foregoing procedure are re-analyzed using ALS procedure U-XRF10.

According to Irwin Olian, CEO of the Company, "It is gratifying to see continued progress reflected in results from our initial core drilling program at Tranomaro. We are well on our way toward delineating a meaningful resource at old Mine 37 and look forward to drilling additional regional sites as well in the coming months. U prices have been in the range between $75 and $100 per lb/ U3O8 for over six months, and could be subject to further upward pressure in the near future. We note that the reported number of planned and proposed Nuclear Power Plants worldwide has increased by 94 during the year 2007, from 222 to 316, according to Swiss 'Finanz und Wirtschaft.' This is a dramatic increase that could spell further price gains for U going forward, notwithstanding general fears about a possible slowing of the world's economy. In line with our bullish assessment for the U industry, we are now accelerating exploration of two of our other U projects in Madagascar, Folakara and Antsirabe, as well as continuing with our major drilling and exploration program at Tranomaro."

About Pan African Mining Corp.

The Company is an exploratory resource company with approximately 7,500 sq. km. of diversified mineral properties and 5,000 sq. km. of uranium properties in Madagascar. The Company is exploring these properties for uranium, gold, coal, precious stones, base metals and industrial commodities. In addition, the Company is exploring two large regions for gold and metals in Mozambique under agreements with other companies. It also has approximately 5500 sq. km. of diamond licenses in Botswana which it is presently exploring. Its operations in Madagascar are carried out through its operating subsidiary, PAM Madagascar Sarl, and its uranium activities are carried out through its 80% owned subsidiary PAM Atomique Sarl. The Company has offices in Vancouver, Canada and Antananarivo, Madagascar. More information about the Company is available at http://www.panafrican.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF PAN AFRICAN MINING CORP.

"Irwin Olian"
Irwin Olian
Chairman & CEO

Feb 18, 2008 03:09 ET

Hallo Lucky,

ich kriege das nicht besser hin!

Hast Du einen Tip, wie es besser geht?

Grüße GW

Hallo Lucky,

Du hast ja ein exquisites Hobby. Wenn Du Samen von Affenbrotbäumen suchst, schau ´mal bei http://www.samenladen.de rein, die haben einiges. Aber sag´´mal, was machst Du mit den Affenbrotbäumen? Die wachsen doch bestimmt nicht in der Schweiz und werden doch ganz schön groß!

Das mit den Tabellen werde ich versuchen.

Grüße GW

Hier gibt es ein sehr aufschlussreiches Interview mit Irvin Olian:

http://commoditywatch.podbean.…ZC5tcDM/PAFcompressed.mp3

Grüße GW

Hallo Beryll,

herzlich willkommen im Thread.

Zitat

However, management concluded that this deposit is not large enough on a stand alone basis to support commercial exploitation.

Leider scheint das Nickelvorkommen für den Abbau nicht groß genug zu sein. Schade.

Grüße GW

Hallo Beryll,

schön, dass du nicht nur nimmst sondern auch gibst.

Ich habe das so verstanden, dass sie das Nickelvorkommen identifiziert und gebohrt haben und dass es zu klein ist, um es zu erschließen.

Deshalb suchen sie nach neuen Nickelvorkommen und haben bereits 7 neue identifiziert, 2 davon werden mit höchster Priorität erkundet.

Zitat

Of the seven new targets, two have been identified by management as the highest priority for immediate exploration and potential development.

Zitat

Accordingly, the Company is now exploring for additional nickel laterite targets

Grüße GW

March 11 , 2008

PAN AFRICAN MINING CORP. CLOSES $5.0 MILLION PRIVATE PLACEMENT

Vancouver, British Columbia — PAN AFRICAN MINING CORP. (the “Company”) is pleased to announce the closing of its previously announced non-brokered private placement offering which has raised gross proceeds of CAD $5,000,000. Under the terms of the private placement, the Company has issued 2,500,000 Units (the “Units”) at CAD $2.00 per Unit.

Each Unit consists of one common share of the Company and one-half of one share purchase warrant (the “Warrants”). Each whole Warrant entitles the subscriber to purchase one additional common share of the Company for a period of two years from the closing date at CAD $2.25 per share for the first year and CAD $2.50 per share for the second year.

The Company has paid cash finders’ fees of CAD $240,000, representing 4.8% of the aggregate proceeds of the offering and 140,000 finders’ warrants (“Finders’ Warrants”), where each Finders’ Warrant entitles the holder to purchase one common share of the Company at CAD $2.25 per share for the first year and CAD $2.50 per share for the second year.

Of the 2,500,000 Units, 2,000,000 units and the Finders’ Warrants are subject to a 4-month hold period expiring July 11, 2008, and 500,000 units are subject to a 4-month hold period expiring July 12, 2008.

According to Irwin Olian, CEO of the Company, “We are grateful for the strong investor support of our activities in Madagascar and Southern Africa. We were offered up to CAD $12,000,000 in financing but concluded that it was in our best interest to limit the size of the financing to only CAD $5,000,000 in order to prevent unnecessary dilution of our shares. At the same time, these additional funds will now ensure that we will be able to carry out all of our anticipate exploration programs for the next 18 months on our portfolio.”

About Pan African

The Company is an exploratory resource company with approximately 7,500 square kilometres of diversified mineral properties and 5,000 square kilometres of uranium properties in Madagascar. The Company is exploring these properties for uranium, gold, coal, precious stones, base metals and industrial commodities. In addition, the Company is exploring two regions for gold and metals in Mozambique under agreements with other companies. Its operations in Madagascar are carried out through its operating subsidiary, PAM Madagascar Sarl, and its uranium activities are carried out through its 80% owned subsidiary PAM Atomique Sarl. The Company has offices in Vancouver, Canada and Antananarivo, Madagascar. More information about the Company is available at http://www.panafrican.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Irwin A. Olian
Chief Executive Officer

For Further Information, Contact:

Irwin Olian
President and CEO
Phone: (604) 899-0100
Fax: (604) 899-0200
tigertail@panafrican.com

Tom Kinakin
Corporate Communication - Vancouver
Phone: (604) 676-8671
Fax: (604) 899-0200
tom@panafrican.com

Carrie Howes
Corporate Communications – London - Dusseldorf
London Phone: +44-7780-602-788)
Germany Phone: +49 (0) 1722 1234 47
carrie@panafrican.com

http://www.panafrican.com/news_20080401.asp

[/b]
Vancouver,
British Columbia — PAN AFRICAN MINING CORP. (the “Company”) is pleased
to report that results have now been received for detailed follow-up
sampling of certain minor tributaries of the Fandiavo River in the
South-east of Madagascar within the Company’s license area B3 near the
port of Manakara. A tight clustering of samples with high ilmenite
counts was outlined in a minor ephemeral tributary in the upper reaches
of the drainage basin. These samples include ilmenites with perovskite
reaction rims, which are typically indicative of minimal transport from
a primary kimberlite source. The restricted distribution of the
positive samples coupled with the ilmenite surface textures strongly
suggest a local point source in the form of a proximal kimberlite pipe.

The initial focus of
the Company’s diamond program in Madagascar remains its B3 license
area. The first alluvial diamonds from Madagascar were reported to have
been recovered by artisinal gold miners from the Sandranampano River.
These were reputedly well-formed crystals of good quality. However,
despite subsequent systematic sampling of this river, no primary
kimberlite source of these stones has yet been located.
Initial
reconnaissance and follow-up sampling by the Company of its B3 license
area recovered a small number of encouraging samples in the Fandiavo
River, about 5 km west of the Sandranampano River. Hence the present
round of follow-up sampling was carried out with a view toward further
evaluating the potential of this area and in particular several of the
tributaries in the upper reaches of the drainage basin.
The geometry of the
drainage network in the B3 area indicates that there have been numerous
river “piracy” events which have modified the headwaters of the streams
over a long period of time. This process typically involves headwater
erosion of one river that captures the course of a second drainage,
thus diverting or pirating the latter’s headwaters. In this instance,
there are now strong indications that the modern headwaters of the
Fandiavo were originally linked to the very linear, structurally
controlled Sandranampano River. The potential kimberlite pipe in the
upper Fandiavo basin indicated by the latest round of local sampling
results thus represents a likely source of the four Stapoundzi diamonds
reportedly found in 1907 in the area.
According to Dr.
Andy Moore, P.Geol. and a Qualified Person, who manages the Company’s
diamond exploration program, “ Our recent sampling results combined
with geophysical data and anecdotal evidence of earlier diamond
discoveries in this area provide a compelling case for the existence a
diamond-bearing kimberlite pipe within the Company’s B3 license area in
Madagascar. Our prime target area in the vicinity of the Fandiavo River
has now been narrowed to a small zone measuring less than 2 km x 2 km
in the upper reaches of the drainage basin. Our exploration teams are
now being mobilized to locate the source of the instant anomaly at the
outset of the dry season in the near future.”
About Pan African

The
Company is an exploratory resource company with approximately 7,500 sq.
km. of diversified mineral properties and 5,000 sq. km. of uranium
properties in Madagascar. The Company is exploring these properties for
uranium, gold, coal, precious stones, base metals and industrial
commodities. In addition, the Company is exploring two large regions
for gold and metals in Mozambique under agreements with other
companies. It also has approximately 5500 sq. km. of diamond licenses
in Botswana which it is presently exploring. Its operations in
Madagascar are carried out through its operating subsidiary, PAM
Madagascar Sarl, and its uranium activities are carried out through its
80% owned subsidiary PAM Atomique Sarl. The Company has offices in
Vancouver, Canada and Antananarivo, Madagascar. More information about
the Company is available at http://www.panafrican.com.
ON BEHALF OF THE BOARD OF DIRECTORS

Irwin A. Olian

Chief Executive Officer

Hallo,

weiß jemand, warum PAF heute so einen schönen Sprung nach oben hinlegt? Sowohl in Deutschland als auch in Kanada!!!
Weiß jemand was? Ich habe nichts gefunden.

Grüße GW

Hi,

vielleicht ist es dieser Beitrag: http://www.moneyweek.com/file/…you-should-buy-today.html
Ich habe nichts anderes gefunden. In dem Bericht steht eigentlich nur das drin, was uns ja eigentlich schon lange bekannt ist. Jetzt wird es anderen wohl auch bewusst.

Grüße GW

Nun ist das passiert, was wir ganz bestimmt nicht wollten!

PANs Filetstücke werden für 4 can$ verkauft. Jammerschade!

Der Rest ist wohl kaum mehr was wert!

Grüße GW

Pan African Mining Corp. to Be Acquired by Asia Thai Mining Co., Ltd.

VANCOUVER, BC, Apr 14, 2008 (MARKET WIRE via COMTEX News Network) --
PAN AFRICAN MINING CORP. (the "Company") (TSX-V: PAF) (FRANKFURT: P2A), Asia Thai Mining Co. Ltd. ("ATM") and 0819615 B.C. Ltd. (the "Purchaser"), a wholly owned subsidiary of ATM, are pleased to announce that they have entered into an agreement for the Purchaser to offer to purchase all of the outstanding common shares of the Company at the price of $4.00 cash per share and for the Purchaser to also offer to purchase for cash all outstanding warrants and all outstanding options (vested and not yet vested) of the Company for a price equal to the difference between $4.00 and the exercise price of the respective warrant or option (the "Transaction"). Prior to the completion of the Transaction, the Company will establish a new entity ("NewCo") and transfer to NewCo the following: (i) $2,500,000 cash, and (ii) all of the shares of the Company's non-Madagascar subsidiaries, namely, PAM Botswana (Pty) Ltd., PAM Minerals Namibia (Pty) Ltd. and PAM Mocambique Limitada. Subject to analysis of tax implications and any required approvals, the Company plans to distribute the shares of NewCo to shareholders of the Company as of a record date to be hereafter determined by way of spin off or similar mechanism. The purchase price represents an 84.3% premium over the Company's average closing price for the 20 preceding trading days on the TSX Venture Exchange. The Transaction is anticipated to close on or about May 31, 2008, subject to obtaining necessary approvals and fulfillment of conditions of the Transaction.

The structure of the Transaction will be determined by mutual agreement after taking into consideration tax and other matters, and may be either a formal takeover bid, an amalgamation or plan of arrangement. If a formal bid is undertaken, it will be subject to there having been validly deposited and not withdrawn not less than 66 2/3% of the shares of the Company then outstanding. In the event of an amalgamation or plan of arrangement, it will be subject to the approval of at least 66 2/3% of the votes present in person or by proxy at a special meeting of the shareholders of the Company. The formal documentation will include a Pre-Acquisition Support Agreement of the Company confirming the support of the Board of the Company for the Transaction and its agreement not to solicit any competing offers, a Principal Shareholder Support Agreement confirming the support of Irwin A. Olian for the Transaction to be executed by April 15, 2008 and a Lock-up Agreement from directors and officers of the Company. The Company has agreed to pay a break fee of $3,000,000 in certain circumstances. In a separate transaction, Purchaser will be acquiring from Irwin Olian his approximate 1% interest in the Company's Madagascar subsidiaries for a price which is economically equivalent to the $4.00 per share being paid for shares of the Company.

The Transaction is subject to the completion of due diligence and a number of other standard conditions, including all necessary regulatory and shareholder approvals. The Purchaser has represented that the cash consideration payable to shareholders of the Company is in place and accordingly there is no financing condition to closing of the Transaction.

A Special Committee of our Board of Directors has been established to assist with this transaction. The Special Committee is chaired by Gregory Sparks, P.Eng., and also includes Benjamin Catalano and Dr. Edward Schiller. Dr. Peter Christopher acts as an advisor to the Special Committee. Mr. Sparks and Drs. Schiller and Christopher are all Qualified Persons within the meaning of NI 43-101.

According to Irwin Olian, CEO of the Company, "We view this transaction as highly beneficial to the shareholders of the Company as it provides liquidity at a reasonable valuation to our shareholders in this most difficult of financial environments and a significant reward for their financial investments in the Company. At the same time, ATM and its affiliates are highly experienced in mining operations and have access to the financial and technical resources that may be required to bring the Madagascar projects controlled by the Company to fruition. Thus, the Transaction is likely to enhance the prospects for successful commercial mining operations in the future in Madagascar, with strong benefits to the people and economy of Madagascar. This suggests the Transaction will be a win-win for all concerned."

About Pan African

The Company is an exploratory resource company with approximately 7,500 sq. km. of diversified mineral properties and 5,000 sq. km. of uranium properties in Madagascar. The Company is exploring these properties for uranium, gold, coal, precious stones, base metals and industrial commodities. In addition, the Company is exploring two large regions for gold and metals in Mozambique under agreements with other companies. It also has approximately 5500 sq. km. of diamond licenses in Botswana which it is presently exploring. Its operations in Madagascar are carried out through its operating subsidiary, PAM Madagascar Sarl, and its uranium activities are carried out through its 80% owned subsidiary PAM Atomique Sarl. The Company has offices in Vancouver, Canada and Antananarivo, Madagascar. More information about the Company is available at http://www.panafrican.com.

About Asia Thai Mining Co., Ltd.

Asia Thai Mining Co., Ltd. ("ATM") is a holding company incorporated in Thailand. ATM, either directly or through affiliated companies has extensive experience in the development and operation of mining interests, in particular in respect of coal mining interests. Through its subsidiaries, it is involved in the exploration and development of several coal mines in Indonesia. The company projects its coal production capacity will reach approximately 4 million tons by 2009. ATM forms part of a group of affiliated mining companies, including Saraburi Coal Co., Ltd. ("SBCC"). SBCC has been mining coal and tin in Thailand and other Southeast Asian countries since 1998. In addition, SBCC has recently been awarded a 9-year, US$500 million coal mining contract in Thailand from Electricity Generating Authority of Thailand and SBCC will start work in 2008. ATM is a private company with its registered address and principal place of business at 2034/132-161 New Petchburi Road, Bangkapi, Huaykwang, Bangkok, Thailand.