August 22, 2005, Vancouver, British Columbia-Uganda Gold Mining Ltd. (TSX Venture Exchange -- Symbol UGM) is pleased to provide and update on activities at the Kilembe Cobalt Copper Project in Uganda.
Diamond drilling is continuing to test for extensions of stratabound cobalt and copper mineralization beyond the historical mine area. Twelve diamond drill holes have been completed for a total of 2,334 meters. Three target areas have been tested so far, with positive results at Buhunga and Western Bukangama. Core samples of mineralized intercepts have been analyzed at SGS Laboratories in Mwanza, Tanzania and new results are included below.
Bukangama West Target
The Bukangama West target is a large, 300 x 2,000 meter wide soil geochemical anomaly with copper values ranging between 200 and 2,150 ppm Cu, coincident with a ground geophysical IP anomaly. Four of five holes drilled to test the eastern end of the anomaly intersected copper sulphide mineralization. To date, analytical results are available for the first of the four intercepts.
|Hole||From (m)||To (m)||Length (m)||Cu %||Co %|
Further results are anticipated in the near term. Meanwhile, the drill rig location has been stepped out along strike approximately 300 meters to the southwest to further test the Bukangama West target.
A scoping study being conducted by Mr. John H. Purkis, P.Eng, is underway. The scoping study is evaluating the various development alternatives for processing existing cobalt rich tailings and the mineral deposits located in the Kilembe region. The study is examining the economic viability of alternative methods of treating cobalt and copper concentrates including the use of the Kasese Cobalt Company Ltd. owned BIOX/SX-EW cobalt refinery located some 14 kilometers from the existing Kilembe concentrator.
Uganda Gold Mining Ltd. was founded in 1997. The Company is earning a 70% interest in the Kilembe Cobalt Copper Project located near Kasese, Uganda, by the completion of a positive feasibility study by January, 2007. More information on the project can be viewed on the company's website at www.ugandagold.com.
This news release has been prepared under the guidance of Matt Ball, Ph.D., P.Geo., Vice-President Exploration, the Company's designated Qualified Person.
For further information contact; Allan Beaton, President, Uganda Gold Mining Ltd. At (604)682-2245, Fax (604)682-2275, Email: firstname.lastname@example.org
ON BEHALF OF UGANDA GOLD MINING LTD.
Al Beaton, President
Forward Looking Statements:
Statements made in this news release that relate to future plans, expectations, events or performances are forward-looking statements. Such statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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