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Manas Resources Ltd.
Summary
| Project: | Mbengue | |
|---|---|---|
| Deposit: | Mbengue | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 11/14/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-11-2018: Manas Resources Ltd. announces an Exploration/Drilling Update report for its Mbengue deposit at the Mbengue project. Drilling results incl. 9m @ 5.05g/t Au from 60m. Manas Resources Limited (ASX: MSR) (“Manas” or “Company”) is pleased to repor | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Christopher MacKenzie (Internal) | |
| ABSTRACT: | Manas Resources Limited (ASX: MSR) (“Manas” or “Company”) is pleased to report the first ever diamond drilling results from the M’bengué gold project in northern Côte d’Ivoire, West Africa, (Figure 1) where it is earning a 70% interest through funding exploration. The maiden diamond drilling program at M’bengué comprised 13 holes for 1,312m, with seven holes drilled at the Turaco prospect, and two each at the Burkinabe, Madala and Le Vieux prospects. Results from initial drilling are summarised below (see also Table 1) Manas’s maiden diamond drill program was highly successful in providing greater understanding of the geological setting and mineralisation style at M’bengué, and confirmed the presence of significant gold mineralisation, often over substantial widths. Manas Resources Limited Page 2 of 18 Manas Chairman Alan Campbell commented, “Based on the very limited amount of diamond drilling undertaken, the results are encouraging as all four prospects drilled returned anomalous to significant drill intercepts with only one hole (MBDD001) failing to intercept +1g/t gold mineralisation. These results support the Company’s view that the M’bengué licence has the potential to host a significant gold deposit. The presence of multiple intercepts from a limited amount of shallow drilling into widely spaced targets within close proximity of the world-class Tongon gold mine is noteworthy. “In addition to the encouraging diamond drilling results, we have also identified several new targets for further exploration. With its strong cash position, Manas is well placed to benefit from further exploration success.” | |
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