High-Grade Gold Intersections at Kambali Prospect, Mali
Perth, Feb 9, 2015 AEST (ABN Newswire) - Taruga Gold Limited (
ASX:TAR) is pleased to announce significant gold drill intersections from the recent aircore drilling program at the Kambali Prospect, within the SLAM Project in Mali (Figure 1 in link below). The drilling program was completed in December 2014 and is the first ever program of drilling in this area.
Highlights:
New Gold Anomalous zone identified in aircore drilling.
Gold zone is over 150m wide and 700m long remaining open along strike
Potential for significant gold mineralisation within area of extensive artisanal workings
Significant intersections:
- 3m at 5.64g/t gold from 3m within a zone of 6m at 2.88g/t gold from 3m
- 6m at 1.12g/t gold from 30m to end of hole within a broad zone of 15m at 0.62g/t from 21m
- 3m at 0.84g/t from 3m
The reconnaissance aircore drilling was undertaken on a very wide spacing (200m x 80m) and several drill holes were moved or modified to accommodate sites of artisanal workings. The results are highly encouraging for this spacing and confirm the potential for significant gold mineralisation to be defined. The drilling has intersected broad gold anomalous zones and has confirmed primary gold mineralisation that remains open at depth.
Gold anomalism has been outlined over a 700m strike length remaining open along strike and 150m width. The program confirms the excellent potential for further gold mineralisation within an area of extensive artisanal workings.
"This is the first ever drilling at the Kambali prospect and these drill intersections from very wide spaced drilling are very encouraging. The presence of high-grade gold intersections as well as broad zones of gold anomalism highlight the potential to define a significant new gold mineralised zone", Taruga Managing Director Mr Bernard Aylward stated.
"The SLAM project is located in south-eastern Mali and Taruga has identified multiple high-priority targets within the Kambali prospect, which we believe warrant immediate and more targeted follow-up exploration. The potential to discover significant gold mineralisation is very encouraging", Mr Aylward added.
Kambali Prospect
The Kambali prospect is part of the SLAM Project, located in south-eastern Mali, approximately 100km from the capital Bamako.
A total of 63 drill holes for 1,926m (30.5m average depth, maximum 45m depth, minimum 18m depth) were completed on a nominal 200m by 80m spacing, with the location of some drill holes varied due to active artisanal sites. This movement of drill holes has resulted in wide zones remaining untested in very high priority areas (Figure 2 in link below). The geology intersected by the drilling consisted of a series of metasediments with minor granitic units noted to the east and metavolcanics. The laterite varied in thickness from 2m to over 10m thick. Multiples zones of quartz veining and sulphide mineralisation were noted in the drilling.
The aircore drilling program was designed to target areas of extensive artisanal workings and geochemical anomalism in an area that had never been previously drill tested. The Kambali workings are extensive surface and shallow shaft workings with coarse gold mineralisation observed (Figure 3 - photos of workings). Taruga has undertaken a preliminary program of geochemical sampling, where access is available, and anomalous gold results with a maximum of 7.38g/t gold were returned from a surface sample of laterite material.
The results of the drilling program are highly encouraging and confirm the presence of high-grade gold mineralisation as well as the presence of primary gold mineralisation beneath the geochemical anomaly. The prospect is extensive and this first stage of drilling confirms the potential for a significant gold mineralised system.
A follow-up program of drilling and extension aircore is required to fully define targets prior to a phase of RC drilling.
"Taruga continues to receive very encouraging results from its active exploration program. The Company has excellent projects located in West Africa and our programs continue to deliver exciting results in new areas. Taruga has continued exploration in Mali and Cote d'Ivoire and will continue a newsflow of exploration updates as well as details of discussions with various parties regarding our West African projects", Mr Aylward ended.
To view figures and diagrams, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-TAR-709325.pdf
Contact
Bernard Aylward
Managing Director
Taruga Gold Limited
Mob: +61 418 943 345
| ||
|
