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Parallel Mining Corp.
Summary
| Project: | Mane II | |
|---|---|---|
| Deposit: | Mane II | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 2/19/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-2-2019: Parallel Mining Corp. announces an Exploration/Drilling Update report for its Mane II deposit at the Mane II project. Drilling results incl. 2.0m @ 8.63g/t Au from 28.0m. Vancouver, British Columbia, February 19, 2019 – Parallel Mining Corp. (T | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Julia Singh (Independent) | |
| ABSTRACT: | Vancouver, British Columbia, February 19, 2019 – Parallel Mining Corp. (TSX-V: PAL) (the “Company” or “Parallel”) announces that assay results have been received from the recent drilling program designed to test one of the areas of Mane II, the Company’s 163 square kilometer optioned concession in the KayaGoran greenstone belt in central Burkina Faso, approximately 20 kilometers south of Nordgold’s Bissa Gold Mine. In total, 732 meters in 10 reverse circulation holes were drilled in the southwestern part of the property to test whether high grade gold mineralization at surface extends at depth. Historical results from artisanal reject material, sampled and reported by High River Gold, include gold grades of 20.0 grams per tonne (“gpt”) and 11.2 gpt. In 2017, Parallel Mining conducted a small grab sample program (27 samples) on the artisanal reject material and results included 16.7 gpt, 12.5 gpt, 7.9 gpt, 6.3 gpt, and 6.0 gpt. The quartz vein being exploited by the artisanal workers hosted in a felsic intrusive (granite), and Evidence of this veining was noted in most of the drill holes although gold values fluctuated. | |
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