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Teranga Gold Corp.
Summary
| Project: | Banfora | |
|---|---|---|
| Deposit: | Nogbele, Samavogo, Fourkoura | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 10/26/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 26-10-2016: Teranga Gold Corp. announces an Exploration/Drilling Update report for its Nogbele, Samavogo, Fourkoura deposit at the Banfora project. Drilling results incl. 29m @ 2.69g/t Au from 21m. Toronto, Ontario – October 26, 2016 - Teranga Gold Corpor | |
| Resources: | (Reserve, P+P): 17.4Mt @ 1.5g/t Au for 826000oz Au contained at project | |
| CP/QP: | [Overall Report]: Sam Brooks (Internal) | |
| ABSTRACT: | Toronto, Ontario – October 26, 2016 - Teranga Gold Corporation ("Teranga" or the "Company") (TSX: TGZ) (ASX: TGZ) provided an update on its exploration activities in Burkina Faso, West Africa. “We have just completed the first phase of a substantial exploration program undertaken to support our three growth objectives for the newly acquired Gryphon assets,” stated Paul Chawrun, Chief Operating Officer of Teranga. “The first objective is to confirm and increase the resource base of the Banfora gold project, which includes both a mine license with an area of 89km2 and a regional land package surrounding the mine license comprised of five exploration permits totaling 933km2 . The second is to commence exploration programs at both Golden Hill and Gourma. The third and final objective is to complete an updated feasibility study by the end of the second quarter of 2017, which would put us on track for construction start-up in the second half of 2017 and production as early as 2019.” Added, Mr. Chawrun, “Commencing next month, extensive exploration programs are planned across our prospective exploration portfolio in Burkina Faso, Côte d’Ivoire and in Senegal, utilizing the combined experience and expertise of both the Teranga and Gryphon teams.” | |
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