Thursday 25 March 2010

Bassari Resources drilling confirms large gold mineralised system in Senegal

Bassari Resources (ASX: BSR) has reported initial reverse circulation (RC) drilling results from its drilling program at its Makabingui Prospect in Eastern Senegal West Africa.

Bassari has completed 4,499 metres of its planned 20,000 metre RC drilling program in 64 holes within its Sambarabougou permit (70% J.V.).

The program has so far confirmed a large gold mineralised system over an area of some 300 x 1,200 metres (not closed off and open at depth).

The target is a strongly veined and altered diorite porphyry intrusive body of some 750 x 1,700 metres, that was outlined by a previous program of RAB drilling and comprises a swarm of shallow easterly dipping lodes and alteration.
Best results include: 1m @ 9.1 g/t Au from 0m; 10m @ 2.7 g/t Au from 6m (including 3m @ 5.4 g/t Au from 10m); 10m @ 1.0 g/t Au from 0 metres; 8m @ 1.0 g/t Au from 20m.
Previous RAB intersections include: 13m @ 5.5 g/t Au from 12m; 10m @ 2.5 g/t Au from 1m and 4m @ 11.7 g/t Au from 21m; 11m @ 5.4 g/t Au from 9m and 3m @ 28.5 g/t Au from 17m, including 1m @ 56 g/t Au from 17m.

Early results of the RC program, from the first 30 drill holes, confirms the presence of a large vein system and alteration within the diorite porphyry.

The company said that all of the 30 holes encountered mineralisation. Drilling and assaying (SGS Laboratory Kayes – Mali) is continuing. Infill drilling has commenced between lines 44 and 45 to better define shallow plunging shoot positions such as intersected in drill hole RCS017 (10m @ 2.7 g/t Au).

In addition to the drilling program at the Makabingui gold prospect, the company continued its substantial geochemical termite sampling programs in the Sambarabougou and Bounsankoba permits.

High value soil and termite gold samples (< 100 ppb and up to 10 g/t Au) now define a coherent 14 kilometre long and approximate 400 metre wide trend within the 50 kilometre long and 5 kilometre wide NE trending gold corridor contiguous through the Sambarabougou and Bousankoba permits.

The company said this new anomaly, previously called Massa Massa and Lafia and now called the Lafia Prospect, runs almost parallel to the recently discovered Massawa gold project of Randgold and is in the same shear zone corridor as the company’s Sekhota and Makabingui gold drilling targets.

http://www.proactiveinvestors.com.au/companies/news/5963/bassari-resources-drilling-confirms-large-gold-mineralised-system-in-senegal-5963.html

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