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Teranga Gold Corp.
Summary
| Project: | Golden Hill | |
|---|---|---|
| Deposit: | Golden Hill | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 9/20/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-9-2018: Teranga Gold Corp. announces an Exploration/Drilling Update report for its Golden Hill deposit at the Golden Hill project. Drilling results incl. 1m @ 61.50g/t Au from 61m. Toronto, Ontario – September 20, 2018 – Teranga Gold Corporation ("Tera | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Mann (Internal) | |
| ABSTRACT: | Toronto, Ontario – September 20, 2018 – Teranga Gold Corporation ("Teranga" or the "Company") (TSX:TGZ; OTCQX:TGCDF) is pleased to announce that the most recent diamond drill program results on its Golden Hill property in Burkina Faso, West Africa have returned strong near surface, oxide zone and deeper gold intersections at a number of advanced prospects. The latest drill results from the C-Zone, Ma North, Peksou and Jackhammer Hill prospects have also expanded mineralization along trend and to depth. 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 be one of West Africa’s most exciting advanced stage exploration projects and, with recent drilling completed, the district-scale, multi-prospect potential of the project is becoming clearer,” said Richard Young, CEO. “We continue to see consistent intervals of both high-grade and near-surface gold mineralization from a variety of prospects, all located in relatively close proximity.” “Our advanced-stage exploration program at Golden Hill continues to provide a high rate of drilling success at all priority targets,” added David Mallo, Vice President, Exploration. “Gold intersections continue to demonstrate excellent strike and depth continuity at multiple proximal prospects. Drilling through the remainder of 2018 is designed to follow up on the dozens of high-grade gold intersections already announced and expand gold mineralization at our primary prospects, building towards our initial resource estimations.” | |
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