Challenger Development: High Grade Gold in Historical Drilling on Tanzania Property

- January 12th, 2011

Challenger Development Corp. (CVE:CDQ) provides a technical update on its property acquisition in Tanzania, announced on December 3, 2010.

Challenger Development Corp. (TSXV:CDQ) provides a technical update on its property acquisition in Tanzania, announced on December 3, 2010.

The press release is quoted as saying:

The Target 1 property is located within the prospective Rwamagaza greenstone belt, part of the Sukuma Land greenstone belt, within the Lake Victoria goldfields. This greenstone belt hosts the Tulawaka gold mine (1.7 million ounces), the Bulyanhulu gold mine (18 million ounces) and the Buzwagi gold mine (4.5 million ounces) which are owned and operated by African Barrick Gold.

Click here to access the entire press release

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