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Bassari Resources Ltd.
Summary
| Project: | Makabingui | |
|---|---|---|
| Deposit: | Makabingui | |
| Location: | Senegal | |
| Commodities: | Gold | |
| Date: | 10/10/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 10-10-2017: Bassari Resources Ltd. announces an Exploration/Drilling Update report for its Makabingui deposit at the Makabingui project. Drilling results incl. 4m @ 23.0g/t Au from 69m. Bassari Resources Limited is an Australian ASXlisted company focused | |
| Resources: | (Reserve, Prob.): 0.86Mt @ 5.7g/t Au for 158koz Au contained at Makabingui | |
| CP/QP: | [Overall Report]: Moussa Diba (Internal) | |
| ABSTRACT: | Bassari Resources Limited is an Australian ASXlisted company focused on discovering and developing multi-million-ounce gold deposits in the Birimian Gold Belt, Senegal, West Africa. Final assay results have been received from the pre-development grade control in-fill drilling (25m x 25m) at Makabingui Gold Project, with Pits 1 and 2 showing more exceptional results. Assay results received from the expanded infill/grade control drilling confirm and reinforce the high grade gold within Pit 1 and Pit 2 and confirm that the deposit extends along strike and at depth beyond the original pit boundaries. A total of 5,211m of reverse circulation (RC) was completed (4,070m in Pit 1 and 1,141m in Pit 2) at Makabingui Gold Deposit during this first phase of the grade control RC drilling. The final 1,935 samples from the RC program were sent to Actlabs in Burkina Faso for gold analysis and have returned excellent results. These results are in addition to the results reported from earlier assayed samples (ASX announcement 9 August 2017). Figures 1 and 2 show respectively the location of the drill lines and the best gold intercepts returned at Pit 1 and Pit 2. The drilling has confirmed the continuity of the lodes on strike and at depth (Figures 1 and 2). Based on these results Pit 1 extends in size beyond its initial boundary to the north and Pit 2 extends beyond its initial boundary to the south. | |
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