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Burey Gold Ltd.
Summary
| Project: | Giro | |
|---|---|---|
| Deposit: | Kebigada | |
| Location: | Democratic Republic Of The Congo | |
| Commodities: | Gold | |
| Date: | 10/31/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-10-2016: Burey Gold Ltd. announces an Exploration/Drilling Update report for its Kebigada deposit at the Giro project. Drilling results incl. 39m @ 1.81g/t Au from 84m. Burey Gold Limited (ASX: BYR) (“Burey”) is pleased to report results for the first | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Klaus Eckhof (Internal) | |
| ABSTRACT: | Burey Gold Limited (ASX: BYR) (“Burey”) is pleased to report results for the first 7 holes for 796m drilled at the southern end of the Kebigada target on its Giro Gold Project in the Moto Greenstone Belt, NE Democratic Republic of Congo (“DRC”). Although significant mineralisation was unexpected from the first 4 holes which were planned to close off mineralisation to the southeast, drill results have extended mineralisation to the southeast which remains open requiring further drilling to close off mineralisation at the southern extent of known mineralisation. The majority of holes ended in mineralisation and will be followed up with diamond drilling to evaluate the extent and grade of mineralisation at depth. The Company also received results for the first diamond hole at Douze Match which unfortunately intersected a mined cavity where the zone was expected at the Tango Shear target. Shallow drilling has defined a sulphide rich zone analogous to the Tango Shear over a strike of more than one kilometer. Reported results are from 7 holes drilled at the southern tail end of known mineralisation defined previously at Kebigada on Lines 15 and 16 shown in Figure 1. Best results are summarised in Table 1. A best intercept of 24m at 2.32g/t Au from 85m including 11m at 4.41g/t Au from 95m was reported from the southernmost hole, GRRC155, which ended in mineralisation and suggests mineralisation remains open to the south. GRRC156 reported 28m at 1.14g/t Au from 52m including 2m at 4.34g/t Au from 69m and 5m at 5.62g/t Au from 91m including 1m at 23.5g/t Au from 93m which suggests the potential exists for increasing grades at depth. Narrow zones of mineralisation, shown in Table 1, were also reported from the remaining two holes, GRRC157 and GRRC158. Previously it was assumed that mineralisation was closed off to the south. These results suggest mineralisation potentially continues southwards and at depth. | |
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