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Teranga Gold Corp.
Summary
| Project: | Sabodala | |
|---|---|---|
| Deposit: | Niakafiri | |
| Location: | Senegal | |
| Commodities: | Gold | |
| Date: | 4/3/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 3-4-2017: Teranga Gold Corp. announces an Exploration/Drilling Update report for its Niakafiri deposit at the Sabodala project. Drilling results incl. 33m @ 2.99g/t Au from 213m. Teranga Gold Corporation ("Teranga" or the "Company") (TSX: TGZ) (ASX: TGZ) | |
| Resources: | (Reserve, P+P): 8.95Mt @ 1.09g/t Au for 314Koz AU contained at Niakafiri | |
| CP/QP: | [Overall Report]: William Paul Chawrun (Internal) | |
| ABSTRACT: | Teranga Gold Corporation ("Teranga" or the "Company") (TSX: TGZ) (ASX: TGZ) is pleased to announce the second round of results from its ongoing 115-hole drill program at its Niakafiri deposit, situated within 5 kilometres of the mill on the Company’s Sabodala mine license in Senegal, West Africa. “The drill results confirm our belief that there is considerable opportunity to extend the mineralisation both along strike and to depth at Niakafiri,” said Paul Chawrun, Chief Operating Officer of Teranga. “These encouraging results could result in the re-sequencing of Niakafiri in the current mine plan, filling in the production gaps at Sabodala to extend the life of open pit mining and to defer the start of underground mining.” “We are very pleased with our most recent results, which represent some of the widest mineralised intervals encountered within the Niakafiri deposit to date,” stated David Mallo, Vice President Exploration of Teranga. “Our drill program at Niakafiri will continue to focus on extending the mineralisation along trend and to-depth.” Since re-initiation of this program with one (1) drill in late 2016, the Company has increased the number of drills to four (4). The current phase of the Niakafiri drill program, 115 proposed core holes totaling 12,000 metres, is ongoing at both the eastern and western components of the Niakafiri deposit (see Figure 2 in Appendix 1). Drill results received to date will be included in a mid-year resource and reserve update. The balance of the current year program will be included in a year-end resource and reserve update. | |
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