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Bassari Resources Ltd.
Summary
| Project: | Moura | |
|---|---|---|
| Deposit: | Konkouto | |
| Location: | Senegal | |
| Commodities: | Gold | |
| Date: | 1/26/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-1-2017: Bassari Resources Ltd. announces an Exploration/Drilling Update report for its Konkouto deposit at the Moura project. Drilling results incl. 11m @ 5.7g/t Au from 21m. The Directors are pleased to report that the final assay results have been re | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Moussa Diba (Internal) | |
| ABSTRACT: | The Directors are pleased to report that the final assay results have been received for the initial resource drilling program at the Konkoutou Hill deposit within the Moura Permit. The initial resource drilling program followed up the earlier high grade drilling results and has provided sufficient drill coverage to estimate a resource for the deposit, particularaly to the depth of weathering at about 50m below surface. Further drilling is planned at a later stage to extend the deposit and for pre-development requirements. The drilling information and geological interpretation of the gold mineralised structures is being compiled for a resource estimation by international consultants and the preparation of a feasibility study for the development of the deposit. While it is expected that the Konkoutou Hill project will be a satellite source for the Makabingui processing plant, which is located 35 kilometres to the south, the Konkoutou area is well-mineralised and may be the focus of later production for the Company. The Konkoutou group of prospects together have the largest and strongest geochemical gold-in-soil anomaly on the Bassari leases covering an area of 5km x 5km. The Konkoutou Hill deposit is the most advanced of the eight identified prospects in the Moura Permit and is outlined by strong, wide soil anomalies of 2km x 0.5km. Structurally, Konkoutou Hill is related to NW-SE thrust zones which are in a NE-SW trending mineralised shear zone. The area includes many mineralised quartz veins. Gold bearing quartz veins occur as fracture filling in a sheared greywacke unit trending NW and dipping to the NE. The mineralised quartz veins have a general NNE-SSW to E-W direction. Quartz veins are sometimes parallel to cleavage and thrust planes and deformed into extensional shear bands. | |
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