De Beira Goldfield (DBGF) 0.0040 $DBGF
Panex Enters Into a Farm-In Agreement on the Highly Prospective Matala Gold Project, South Kivu Province, Democratic Republic of Congo
Marketwire Canada - Wed Aug 10, 10:46AM CDT
ZUG, SWITZERLAND--(Marketwired - Aug 10, 2016) - Panex Resources Inc. (OTC PINK

BGF) (the "Company," or "Panex"

is pleased to announce that it has entered into a Farm-In agreement with Afrimines SARL, a company registered under the laws of the Democratic Republic of Congo (DRC), to acquire up to 90% direct interest in the highly prospective Matala Gold Project in the South Kivu Province, DRC. The Matala Gold Project is located at the southwestern end of the prolific Twangiza-Namoya Gold corridor where Banro Corp has defined to date, more than 17 Million Ounces ("Moz"

of gold resources from four deposits adjacent to the project area. The main drill target, Kanana, is located within the Matala project area shown in Figure 1, and has the same geological setting as Banro's 8.6Moz Twangiza and 5.6Moz Lugushwa deposits. A 1,500m diamond drilling program is expected to commence mid-to-end August.
BAA: 0.33 (unch)