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Teranga Gold Corp.
Summary
| Project: | Golden Hill | |
|---|---|---|
| Deposit: | Nahiri, Ma, Peksou, Jackhammer Hill | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 7/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-7-2017: Teranga Gold Corp. announces an Exploration/Drilling Update report for its Nahiri, Ma, Peksou, Jackhammer Hill deposit at the Golden Hill project. Drilling results incl. 34.0m @ 6.08g/t Au from 4m. Toronto, Ontario – July 24, 2017 – Teranga Gol | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Mann (Internal) | |
| ABSTRACT: | Toronto, Ontario – July 24, 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 oxide and deeper fresh-rock gold mineralization at its Golden Hill property in Burkina Faso, West Africa. These most recent results comprise Phase 2 drill results at Ma and Nahiri, two new discoveries reported by the Company in April, as well as initial drilling results from two new targets, Peksou and Jackhammer Hill. All four prospects are located approximately 5 kilometres within a central point (see Figure 1 in Appendix 1). In addition to these results, assays are pending for 11 core holes from Ma and a total of 63 reverse circulation holes; 20 at Ma, 20 at Nahiri and 23 from a variety of targets in the Pourey-Peksou area. “We are very excited with our discoveries and extension of mineralization at Golden Hill within the highly prospective Houndé belt. Our early stage drilling has yielded excellent grades and widths displaying good continuity along trend and mineralization remains open along strike at all four of our priority prospects,” said David Mallo, Teranga’s Vice President, Exploration. “We are expecting results from eleven core holes and over 60 reverse circulation holes shortly which should further enhance our resource footprint. With an aggressive drilling program in place through the remainder of the year, we are targeting an initial resource estimation for Golden Hill in the coming quarters.” | |
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