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Vital Metals Ltd.
Summary
| Project: | Bouli | |
|---|---|---|
| Deposit: | Burke Burke, Petit Druirkou, Issa | |
| Location: | Niger | |
| Commodities: | Gold | |
| Date: | 10/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-10-2017: Vital Metals Ltd. announces an Exploration/Drilling Update report for its Burke Burke, Petit Druirkou, Issa deposit at the Bouli project. Drilling results incl. 17.9m @ 7.92g/t Au from 57.2m. Vital Metals Limited (ASX: VML) is pleased to advis | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Strizek (Internal) | |
| ABSTRACT: | Vital Metals Limited (ASX: VML) is pleased to advise it has signed an Exploration Agreement with SUMMA, a private Turkish company, and will begin exploration on exploration permits in Niger, West Africa. SUMMA is a private company with a broad range of multi-jurisdictional interests (see About SUMMA). The Agreement covers three exploration permits (4,289km2 in total) held by a subsidiary of SUMMA. Two permits, Bouli and Tringui-3, are located 20km north of the Samira Hill mine near the Burkina Faso border. While the third permit, Keradet is in the Agadez region in northern Niger and has not received any significant exploration work (see Figure 1). Work is most advanced on the Bouli permit where exploration drilling has intersected bedrock gold mineralisation at three prospects: Petit Druirkou, Burke Burke and Issa. At Bella Tondi, located about 5km north-east of Burke Burke on Bouli, there has been significant hard rock artisanal mining over 1.5km strike length involving up to 20,000 people. These artisanal workers have since been moved on by the government, allowing Vital free access to undertake exploration. Vital’s Managing Director Mr Mark Strizek said: “Bella Tondi looks to have real scale with hard rock artisanal workings over 1.5km and has never been drill tested. There is great potential for exploration success with high grades from diamond drilling at the other nearby prospects on the Bouli permit that complements our Burkina Faso exploration permits and as such we see it as our top priority drilling prospect at this time. ” | |
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