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Bassari Resources Ltd.
Summary
| Project: | Makabingui | |
|---|---|---|
| Deposit: | Makabingui | |
| Location: | Senegal | |
| Commodities: | Gold | |
| Date: | 8/9/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-8-2017: Bassari Resources Ltd. announces an Exploration/Drilling Update report for its Makabingui deposit at the Makabingui project. Drilling results incl. 9m @ 13.3g/t Au from 55m. Bassari Resources Limited (ASX: ‘BSR’, or ‘the Company’) is pleased to | |
| Resources: | (Reserve, Prob.): 0.86Mt @5.7g/t Au for 158koz Au contained at project | |
| CP/QP: | [Overall Report]: Moussa Diba (Internal) | |
| ABSTRACT: | Bassari Resources Limited (ASX: ‘BSR’, or ‘the Company’) is pleased to announce significant improvements in project development during the continuation of the pre- construction activities at the Makabingui Gold Project in Senegal, West Africa. These activities include the update of 2014 Feasibility Study operating costs by Australian mining consultants, Mincore, and improvements to the accommodation camp and access / haul roads. The Company is to commence tendering and awarding engineering and construction contracts. The results to date of the Mincore study have confirmed the profitable highgrade production from the four high grade open pits in Phase 1 of the Makabingui Gold Project. Bassari released the details of the project development in the original Feasibility Study results in June 2014. In addition, further outstanding assay results have been received from the ongoing pre-development grade control in-fill drilling at Makabingui. Bassari Executive Chairman Alex Mackenzie said “I am pleased to confirm the completion of a number of key milestone activities, most notably the finalisation of the Government Approvals, completion of funding terms and a successful confirmation and update of the 2014 Feasibility Study. All these achievements combined with the successful drilling program will allow the company to continue pre-construction activities and tendering with immediate effect which is a significant step in delivering shareholder value.” | |
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