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Teranga Gold Corp.
Summary
| Project: | Golden Hill | |
|---|---|---|
| Deposit: | Ma, Jackhammer Hill | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 12/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 4-12-2018: Teranga Gold Corp. announces an Exploration/Drilling Update report for its Ma, Jackhammer Hill deposit at the Golden Hill project. Drilling results incl. 15m @ 8.82g/t Au from 35m. Toronto, Ontario – December 4, 2018 – Teranga Gold Corporation | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Mann (Internal) | |
| ABSTRACT: | Toronto, Ontario – December 4, 2018 – Teranga Gold Corporation ("Teranga" or the "Company") (TSX:TGZ; OTCQX:TGCDF) is pleased to announce that the most recent drill program on its Golden Hill property in Burkina Faso, West Africa has returned dozens of encouraging gold intersections from surface and strong, widespread mineralization along trend and to depth at three advanced prospects. The latest step-out drill results from the Ma Main, Ma North and Jackhammer Hill prospects also outline excellent continuity of multiple gold zones within each of the highest priority prospects at Golden Hill. These drill results will be included in the initial resource estimate for Golden Hill to be released in early 2019. Teranga has a 100% interest in Golden Hill following the purchase of its previous joint venture partners’ interest. “We are very encouraged by these drill results, both the along-trend and to-depth correlation of gold mineralization that we are seeing at multiple prospects throughout the Golden Hill property,” said Paul Chawrun, Chief Operating Officer. “With approximately 70,000 metres drilled to date, along with the geologic modelling and metallurgical test work underway, the project continues to build momentum and support our confidence that Golden Hill could be Teranga’s third gold mine in West Africa.” News Release 2 Golden Hill includes nine advanced exploration prospects all within a 7.5-kilometre radius (see Figure 1 in Appendix 2) which would be conducive to a centralized processing facility. Recent results from Ma Main, Ma North and Jackhammer Hill add to the strong drill results announced to date at these and the other prospects at the Golden Hill project. | |
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