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Teranga Gold Corp.
Summary
| Project: | Golden Hill | |
|---|---|---|
| Deposit: | Golden Hill | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 7/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-7-2018: Teranga Gold Corp. announces an Exploration/Drilling Update report for its Golden Hill deposit at the Golden Hill project. Drilling results incl. 8m @ 22.1g/t Au from 115m. Toronto, Ontario – July 12, 2018 – Teranga Gold Corporation ("Teranga" | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Mann (Internal) | |
| ABSTRACT: | Toronto, Ontario – July 12, 2018 – Teranga Gold Corporation ("Teranga" or the "Company") (TSX:TGZ; OTCQX:TGCDF) is pleased to announce that its most recent diamond drill program on the Golden Hill property in Burkina Faso, West Africa has returned near surface and deeper gold intersections that will enhance resources at a number of advanced prospects. In addition, the recent drilling evaluation program identified a new near-surface discovery at Peksou North, one of 9 prospects drilled at Golden Hill over the past 18 months. Teranga has an earn-in agreement on Golden Hill with Boss Resources Limited (ASX:BOE) pursuant to which Teranga, as operator, can earn an 80% interest in the joint venture upon delivery of a feasibility study and the payment of AUD2.5 million. “Golden Hill continues to provide new discoveries and strong intervals of very good grade, near-surface gold from a variety of prospects in the run-up to our end-of-year initial resource estimation announcement,” said Richard Young, CEO. “Results from Jackhammer Hill, in particular, build upon prior drill results and continue to grow an already exciting high-grade gold domain along trend and to depth. Drilling across the entire Golden Hill property supports increasing confidence that this project could represent Teranga’s third gold mine in West Africa, moving Teranga into mid-tier producer status.” “Our advanced-stage exploration drilling program at Golden Hill continues to provide a high rate of drilling success. This phase of the program further demonstrated excellent continuity from a series of very good grade gold intersections at multiple proximal prospects while prospects such as Peksou North demonstrate that opportunity remains for new discoveries,” said David Mallo, Vice President, Exploration. “Drilling | |
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