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Boss Resources Ltd.
Summary
| Project: | Golden Hill | |
|---|---|---|
| Deposit: | Jackhammer Hill | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 2/28/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 28-2-2018: Boss Resources Ltd. announces an Exploration/Drilling Update report for its Jackhammer Hill deposit at the Golden Hill project. JV - Drilling results incl. 9m @ 34.25g/t Au from 62m. Boss Resources Limited (ASX: BOE) (“Boss” or the “Company”) i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Mann (Teranga Gold Corp/Internal) | |
| ABSTRACT: | Boss Resources Limited (ASX: BOE) (“Boss” or the “Company”) is pleased to report that Teranga Gold Corporation ("Teranga") (TSX: TGZ) announced on 27 February 2018 (Canadian time) that ongoing, early-stage drilling has intersected additional high-grade, near surface and deeper gold mineralization at its newest discovery, Jackhammer Hill, situated on the Golden Hill property in Burkina Faso, West Africa. Teranga has an earn-in agreement on the Golden Hill property with Boss. Diamond drill results returned to date are confirming that the Jackhammer Hill discovery is a large mineralized system hosting a high-grade central core. Drilling has intersected multiple mineralized zones that are often associated with visible gold, especially within the central area of the prospect. Teranga is aggressively drilling all five prospects at Golden Hill. Each prospect is located within approximately five kilometres from a central point (Figure 1). Richard Young, Teranga’s President and CEO, states “Today’s positive results continue our strong momentum at the Golden Hill Project and confirm its status as one of the most exciting gold projects in West Africa. We have discovered five high-grade prospects at Golden Hill to date, including Jackhammer Hill, increasing our confidence that this project may represent Teranga’s third gold mine in West Africa.” Boss currently holds a 49% interest in joint venture with Teranga over the Golden Hill and Gourma Gold Projects located in Burkina Faso, West Africa. Teranga manages the joint venture and is funding all exploration on the projects up to the completion of a definitive feasibility study (“DFS”) and Decision to Mine. | |
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