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Merrex Gold Inc.
Summary
| Project: | Siribaya | |
|---|---|---|
| Deposit: | Diakha | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 7/6/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-7-2016: Merrex Gold Inc. announces an Exploration/Drilling Update report for its Diakha deposit at the Siribaya project. JV with IAMGOLD - Drilling results incl. 70m @ 1.55g/t Au from 12m. During March and April, 2016 the Merrex-IAMGOLD joint venture co | |
| Resources: | (Resource): 2.102Mt @ 1.90g/t Au (Ind.) and 19.816Mt @ 1.71g/t Au (Inf.) at Siribaya | |
| CP/QP: | [Overall Report]: Gregory P. Isenor (Internal) | |
| ABSTRACT: | During March and April, 2016 the Merrex-IAMGOLD joint venture completed 41 reverse circulation (“RC”) drill holes totaling 6,623 metres within the northern extension of the Diakha deposit area of Siribaya gold project in Mali. Holes were drilled in a heel-to-toe pattern with depth ranging from 80 to 204m along drill fences approximately 100 to 150m apart with the objective of testing the gold mineralization in the projected strike extension of the Diakha deposit. The results of this ‘first pass’ reconnaissance RC drill program returned significant gold mineralization in 34 of 41 holes and extended the mineralized strike length of the Diakha deposit area by approximately 600m from 800 metres to approximately 1.4 km. These initial drill results in the northern extension area are comparable with the initial drill results from the 2014 ‘first pass’ drill program in the southern Diakha deposit area. In both cases over 80% of the RC holes drilled returned significant gold mineralization. (see historical news release July 2, 2014). Diamond drilling is continuing with two rigs active within the southern Diakha resource area. Air core drilling is continuing on termite mound geochemical targets within a second structural trend to the northeast of the Diakha resource area. | |
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