Hits of up to 197gpt pave way for significant resource upgrade at Bibiani
Noble Mineral Resources is pleased to advise that drilling along a stretch of satellite deposits at its Bibiani Gold Project in Ghana has returned more wide, high-grade intersections, providing firm evidence that this tract of land could contain substantially more gold than initially thought.
The results include:
21m @ 12.14g/t Au including
6m @ 39.11g/t Au and
1m @ 196.9 g/t Au
16m @ 6.14g/t Au including
5m @ 17.24g/t Au
15m @ 2.40g/t Au
29m @ 1.31g/t Au
12m @ 1.46g/t Au
2m @ 5.39g/t Au
6m @ 2.16g/t Au
These results will be used to help calculate a maiden resource estimate for the stretch of land containing this mineralisation, which includes the Walsh, Strauss and Aheman deposits.
The results also raise the distinct prospect that the mineralisation which forms these deposits could be continuous and therefore may become the subject of one extensive single open pit, though Noble emphasises that further drilling is needed to establish the extent of this potential.
These deposits are currently not included in the existing JORC resource at Bibiani of 1.98 million ounces, including 605,000oz in reserves .This resource and reserve estimate is based solely on the Bibiani main pit.
The latest results come from drilling around the shallow Walsh pit, which is located 400m south of the Strauss deposit, and follow the first round of high-grade intersections in the area announced to the ASX on December 14, 2010. Results are pending from subsequent drilling undertaken around Aheman and drilling is now taking place at Strauss
This article was originally posted on Africa Oil & Mining Network
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