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Teranga Gold Corp.
Summary
| Project: | Golden Hill | |
|---|---|---|
| Deposit: | Perksou, Ma | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 3/22/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 22-3-2018: Teranga Gold Corp. announces an Exploration/Drilling Update report for its Perksou, Ma deposit at the Golden Hill project. Drilling results incl. 11m @ 6.78g/t Au from 47m. Toronto, Ontario – March 22, 2018 – Teranga Gold Corporation ("Teranga" | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Peter Mann (Internal) | |
| ABSTRACT: | Toronto, Ontario – March 22, 2018 – Teranga Gold Corporation ("Teranga" or the "Company") (TSX:TGZ; OTCQX:TGCDF) is pleased to announce that early-stage diamond drilling has intersected additional highgrade, near surface and deeper gold mineralization at the Ma and Peksou prospects, both of which are situated on its Golden Hill property in Burkina Faso, West Africa. Teranga has an earn-in agreement on the Golden Hill property with Boss Resources Limited (ASX:BOE) pursuant to which Teranga, as the operator, can earn an 80% interest in the joint venture upon delivery of a feasibility study and the payment of AUD2.5 million. Teranga is actively drilling a number of prospects at Golden Hill – the most advanced of which are Ma, Peksou, Jackhammer Hill, C-Zone and Nahiri. These prospects are located within approximately five kilometres from a central point (Figure 1 in Appendix 1). The exploration program has advanced significantly over the past year, metallurgical test work has been initiated with composite collection, while the base line environmental plan is in the initiation phase and monitoring on site is expected to commence by mid-year 2018. An initial resource on the most advanced prospects is expected by the end of 2018. All diamond drill holes at the Peksou and Ma North prospects announced in this release intersected gold mineralization. “Teranga’s Golden Hill project is progressing rapidly. Today’s results from Ma North and Peksou expand known zones of gold mineralization at both prospects and confirm the potential of these targets and the project overall,” said Richard Young, President & CEO. | |
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