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Bassari Resources Ltd.
Summary
| Project: | Moura | |
|---|---|---|
| Deposit: | Konkouto | |
| Location: | Senegal | |
| Commodities: | Gold | |
| Date: | 11/28/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-11-2016: Bassari Resources Ltd. announces an Exploration/Drilling Update report for its Konkouto deposit at the Moura project. Drilling results incl. 21m @ 3.5g/t Au from 54m. Gold developer Bassari Resources Limited (ASX: BSR) is pleased to report on | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Moussa Diba (Internal) | |
| ABSTRACT: | Gold developer Bassari Resources Limited (ASX: BSR) is pleased to report on activities at its gold projects in Senegal, West Africa. The Konkoutou prospects are located 35 kilometres north of the Makabingui Gold Project on the Moura tenement and have the largest and strongest geochemical gold-in-soil anomaly on the Bassari leases (Figure 1). Continuity of the gold mineralised structures is confirmed at depth and along strike and excellent assay returns for 1,836m of the 2,400m Reverse Circulation (RC) drilling program at the Konkoutou Hill Gold Project have been received. Bassari’s Chairman, Alex Mackenzie said “I am extremely happy to report these drilling results which confirm the continuity of the gold mineralised structures and confirm the Konkoutou Hill Gold Project to be highly prospective.” The current drilling program is delineating resources at the Konkoutou Hill Gold Project over 450 metres strike length and down to approximately 100m below surface. The latest results from the current reverse circulation (RC) resource drilling at the Konkoutou Hill Gold Project include the following down hole intersections. These results confirm the continuity of the high grade gold mineralised structures (Figure 1) together with the strong intersections previously reported (12 January 2012, 7 May 2012, 8 April 2016 and 22 June 2016). A drilling program totalling 3,000m including 2,400m of RC drilling and 600m of diamond drilling has commenced to delineate the resources at the Konkoutou Hill Gold Project in a grid of 40m x 40m. The drilling is to confirm the continuity of the high grade structures to a relatively shallow depth over a strike length of approximately 450m (Figure 2) Seventeen RC holes (RCM066 to RCM082D) totalling 1,836m were drilled in six lines. All the holes were drilled towards the south at a dip of -60° in order to intersect perpendicular the structures controlling the gold mineralisation. | |
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