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Teranga Gold Corp.
Summary
| Project: | Golden Hill | |
|---|---|---|
| Deposit: | Ma | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 11/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 17-11-2017: Teranga Gold Corp. announces an Exploration/Drilling Update report for its Ma deposit at the Golden Hill project. Drilling results incl. 15m @ 4.22g/t Au from 35m. Toronto, Ontario – November 17, 2017 – Teranga Gold Corporation ("Teranga" or t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Mann (Internal) | |
| ABSTRACT: | Toronto, Ontario – November 17, 2017 – Teranga Gold Corporation ("Teranga" or the "Company") (TSX: TGZ) is pleased to announce that advanced drilling continues to yield new discoveries and high-grade, near surface and deeper gold mineralization at the Ma prospect on its Golden Hill property in Burkina Faso, West Africa. Teranga 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. “Golden Hill is shaping up to be a very important component of our growth plan,” stated Richard Young, President and Chief Executive Officer. “With these positive results at Ma together with the recent addition of Jackhammer Hill, as well as, Peksou and Nahiri, we now have four centrally-located, advanced exploration prospects and we are rapidly advancing this project to evaluate the potential scale and grades leading towards an initial resource in 2018.” “The recent results from Ma continue to demonstrate excellent continuity and correlation for both the BZ-1 and BZ-2 mineralized zones along the entire extent along strike drilled to date at the Ma prospect,” stated David Mallo, Vice President, Exploration. “The positive drill results at Ma serve to confirm the along trend and down-dip continuity of grade and width from surface exposure to down-dip depths now approaching 125 metres at this quickly advancing prospect. Our initial step-out drilling at Ma North has successfully intersected similar Ma style alteration, brecciation and mineralization, further expanding the overall Ma target across a broader structural complex.” | |
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