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Teranga Gold Corp.
Summary
| Project: | Golden Hill | |
|---|---|---|
| Deposit: | Ma | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 9/13/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-9-2017: Teranga Gold Corp. announces an Exploration/Drilling Update report for its Ma deposit at the Golden Hill project. Drilling results incl. 12m @ 12.28g/t Au from 43m. Toronto, Ontario – September 13, 2017 – Teranga Gold Corporation ("Teranga" or | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Mann (Internal) | |
| ABSTRACT: | Toronto, Ontario – September 13, 2017 – Teranga Gold Corporation ("Teranga" or the "Company") (TSX: TGZ) (ASX: TGZ) is pleased to announce that early-stage drilling continues to yield high-grade, near-surface and deeper gold mineralization at its Golden Hill property in Burkina Faso, West Africa. Teranga, through its acquisition of Gryphon Minerals Ltd., has an earn-in agreement on the Golden Hill property with Boss Resources Limited (ASX:BOE) pursuant to which Teranga, as the operator, can earn an 80% interest in the joint venture upon delivery of a feasibility study and the payment of AUD2.5 million. These most recent diamond drill results comprise the remaining phase two and initial phase three drill results at the Ma prospect, one of two new discoveries reported by Teranga in April. All of the Golden Hill prospects drilled by the Company to-date are located approximately 5 kilometres from a central point (see Figure 1 in Appendix 1). The phase two and initial phase three drill programs continue to return excellent near-surface grades and widths at the Ma prospect. | |
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