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Manas Resources Ltd.
Summary
| Project: | Mbengue | |
|---|---|---|
| Deposit: | Mbengue | |
| Location: | Cote D'Ivoire | |
| Commodities: | Gold | |
| Date: | 8/8/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 8-8-2018: Manas Resources Ltd. announces an Exploration/Drilling Update report for its Mbengue deposit at the Mbengue project. Historic drilling results incl. 28.0m @ 8.14g/t Au from 16m. Manas Resources Limited (ASX: MSR) (“Manas” or “Company”) refers to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jozef Story (Independent) | |
| ABSTRACT: | Manas Resources Limited (ASX: MSR) (“Manas” or “Company”) refers to its ASX announcement dated 18 May 2018 for the mineral interest acquired in the Mbengué gold project in Côte d’Ivoire, West Africa. The Mbengué Permit is currently held by Occidental Gold SARL, a 100% subsidiary of Perseus Mining Limited (“Perseus”, ASX: PRU). In the announcement on 18 May 2018, Manas was unable to fully report on exploration work (and its results) previously carried out by Perseus as it had not done sufficient validation work to report in accordance with JORC Code 2012. Manas has since carried out sufficient validation of that historical work and is now in a position to report the results of that work in compliance with JORC Code 2012. Manas can earn a 70% interest in the Mbengué Permit through sole-funding exploration activity. The Mbenqué Permit is located in northern Côte d’Ivoire approximately 6km north of Randgold Resources’ Tongon mine and 90km south east of Perseus’s Sissingué mine. The Permit covers an area just under 400km2 over the highly prospective Senoufo greenstone belt (Figure 1). Perseus has previously undertaken several geochemical and exploration drilling campaigns over the Mbengué Permit. Significant drill intercepts were previously reported by Perseus (ASX announcement by Manas, 18 May 2018). Subsequently Manas has conducted an independent review of the drilling database to validate the data for JORC Code 2012-compliance and, in doing so, has identified additional drill intercepts not previously reported, which Manas considers significant in the context of this project. The review also identified two minor discrepancies in the previously released information which have now been adjusted. The updated information is provided in full in Table 1. The independent review included an assessment of procedures, quality assurance and control programmes (QA / QC) used to generate the previous exploration results to ensure the future use and reporting of these results by Manas is compliant with JORC Code 2012 requirements. The JORC reporting tables for the Mbengué exploration work are provided in Appendix A. | |
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