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Golden Saint Resources Ltd.
Summary
| Project: | Tongo | |
|---|---|---|
| Deposit: | Tongo North, Tongo South | |
| Location: | Sierra Leone | |
| Commodities: | Diamonds-Gold | |
| Date: | 1/20/2017 | |
| Report Code: | (no Code) | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-1-2017: Golden Saint Resources Ltd. announces a Resource Estimation report for its Tongo North, Tongo South deposit at the Tongo project. Exploration Target range estimate for Tongo project. Golden Saint Resources Ltd (AIM: GSR), the West African-focus | |
| Resources: | Exploration Target: 0.9Mt - 1.5Mt containing 120K - 300K Carats of Diamonds, 36 - 60kg Au | |
| CP/QP: | [Overall Report]: John D Ward (Rock Forage Mining Ltd.) | |
| ABSTRACT: | Golden Saint Resources Ltd (AIM: GSR), the West African-focused diamond and gold exploration company quoted on AIM, is pleased to provide the market with the following operational updates, relating to two of the Company's exploration licence areas in Sierra Leone, being Baja and Tongo. No exploration is currently being undertaken on the Moa licence due to logistical constraints. The alluvial bulk sampling operation on the Sewa River low terrace currently in progress at Baja site 2 recovered a further 6 diamonds weighing 2.06 carats (cts) from some 91 tonnes (t) of basal gravels (bottom screen size = 3mm). The stones ranged from 0.17 to 0.70 carats per stone (cts/stn). Together with the 13 stones weighing 5.75 cts from this bulk sample site announced on 12 December 2016, the total number of diamonds recovered from the 271 t of basal gravels processed up to 19 December 2016 is some 19 stones weighing 7.81 cts and ranging from 0.17 to 1.57 cts/stn (bottom screen size = 3mm). In addition, some 4.07 grams (g) of alluvial gold were also recovered from the 91 t of basal gravels treated at Baja site 2, bringing the total alluvial gold recovered from this bulk sample to some 7.97 g up to the 19 December 2016. The bulk sampling operation at Baja site 2 on this Sewa River exploration target is expected to continue for another two months and any further alluvial diamond and gold recoveries will be reported in subsequent operational updates. | |
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