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Teranga Gold Corp.
Summary
| Project: | Golden Hill | |
|---|---|---|
| Deposit: | Ma, Nahiri | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 4/25/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 25-4-2017: Teranga Gold Corp. announces an Exploration/Drilling Update report for its Ma, Nahiri deposit at the Golden Hill project. Drilling results incl. 14m @ 2.85g/t Au from 7m. Teranga Gold Corporation ("Teranga" or the "Company") (TSX: TGZ) (ASX: TG | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Peter Mann (Internal) | |
| ABSTRACT: | Teranga Gold Corporation ("Teranga" or the "Company") (TSX: TGZ) (ASX: TGZ) is pleased to announce two new gold discoveries from its exploration program at Golden Hill, its joint venture with Boss Resources Limited (ASX:BOE) (“Boss”), in Burkina Faso, West Africa. The Company’s new discoveries are located within the Ma and Nahiri prospects, representing the first two of the ten drill ready targets that have been identified to date at Golden Hill. All ten targets are within close proximity to each other. “The assay results for Ma and Nahiri are very encouraging for an early stage exploration program,” said David Mallo, Teranga’s Vice President, Exploration. “They display good grades, widths, continuity and strike length in each prospect, and the mineralized zones occur from surface with good oxide depth developed.” Additionally, the next two targets – Jackhammer Hill and Pourey-Peksou – were also drilled during the first quarter. The Company can report that, while these assay results are pending, drilling intersected the expected alteration and structures at each of these targets. Mr. Mallo added, “Overall, we are excited by these positive results, especially given their close proximity to one another. Based on the success of this first phase, a multi-drill second phase program on these targets has begun.” The Golden Hill property is located within the highly mineralized Houndé Greenstone Belt in Burkina Faso. This belt hosts a number of high-grade gold discoveries, including the recently discovered Sious, Yaramoko and Houndé deposits, the latter property being contiguous with Golden Hill. To the south of Golden Hill is another large land position where active exploration programs are well underway. | |
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