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Banro Corp.
Summary
| Project: | Twangiza | |
|---|---|---|
| Deposit: | Twangiza West | |
| Location: | Congo, Democratic Republic Of The | |
| Commodities: | Gold | |
| Date: | 4/12/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 12-4-2017: Banro Corp. announces an Exploration/Drilling Update report for its Twangiza West deposit at the Twangiza project. Drilling results incl. 6.50m @ 2.67g/t Au from 0m. Banro Corporation (“Banro” or the “Company”) (NYSE – MKT- “BAA”; TSX – “BAA”) | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Daniel K. Bansah (Internal) | |
| ABSTRACT: | Banro Corporation (“Banro” or the “Company”) (NYSE – MKT- “BAA”; TSX – “BAA”) is pleased to provide an update on its exploration activities at its wholly-owned Twangiza project on the Twangiza-Namoya gold belt in the Democratic Republic of the Congo. The discovery of a high-grade mineralized zone in the Ntula prospect has been made through an adit sampling and mapping program, which is part of the low-key ground maintenance regional exploration program being undertaken by the Company. Commenting on the results, Banro President and CEO, John Clarke said, “We are excited to identify an extension to the Twangiza West mineralization. This will be carefully drilled to grow the oxide resource of the Twangiza mine. We are also encouraged by the high-grade results of the ground maintenance exploration program in Twangiza, especially at the Ntula prospect where previous work using auger drilling and trenches had outlined bedrock mineralization. This has now been confirmed at depth through adit sampling and mapping.” During the period 2013 to 2016, Banro focused on brownfields (near mine) exploration programs to grow and replace the mineral reserves of its operating mines. Limited exploration activities elsewhere within the Twangiza concession focused on grass root target generation and delineation of new prospects. These activities included adit sampling, geological mapping and channel sampling, and auger drilling at the Ntula prospect. The brownfields exploration program focused on the near-mine Twangiza West flanking structure. | |
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