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Vital Metals Ltd.
Summary
| Project: | Kollo | |
|---|---|---|
| Deposit: | Kollo | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 10/20/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-10-2016: Vital Metals Ltd. announces an Exploration/Drilling Update report for its Kollo deposit at the Kollo project. Drilling results incl. 3.5m @ 9.11g/t Au from 88.1m. Vital Metals Limited (ASX: VML) is pleased to advise all assays results from the | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Mark Strizek (Internal) | |
| ABSTRACT: | Vital Metals Limited (ASX: VML) is pleased to advise all assays results from the Phase 1 drilling program completed last month at its 100% owned Kollo Gold Project have now been received. The latest results, which follow the initial assays reported on 20 September 2016, continue to demonstrate the high-grade nature of the gold mineralisation at Kollo. The gold mineralisation at Kollo remains open both at depth and along strike, with the drilling identifying a previously unknown high-grade structure to the north of the graphitic shear zone. Vital intends to continue to test gold mineralisation at Kollo through a combination of in-fill and extensional drilling along strike and at depth, and there is now a clear window to begin field operations with the start of the dry season. The Kollo Gold Project sits within the Markoye Structural Corridor, which is known to host several world-class gold deposits, including two recent major gold discoveries (Cardinal Resources’ Namdini Project in Ghana and West African Resources’ Tanlouka Project). Vital’s Managing Director Mark Strizek said the Kollo Project offered world-class exploration upside, with the upcoming drilling program set to build on the very encouraging results from the rain-interrupted Phase 1 drilling. “While the assays from the initial round of drilling have included some strong high grades, it is very clear that, because of the weather-interrupted nature of the program, the drilling has not adequately tested most of the key targets,” he said. “We are very pleased the wet season has now ended and that we can get back on to the ground and test the prospectivity of Kollo,” Mr Strizek continued. “We have been getting great results and there is still a lot of drill testing required along strike and at depth. “It is so rare to have access to such a prestigious exploration address that can deliver value to our shareholders. Given our previous drilling results, I am looking forward to getting the drill rods spinning again,” he added. | |
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