Monday, 5 December 2011

Birimian Gold the new name for Eagle Eye Metals, focus remains on West African gold

Birimian Gold (ASX: BGS) is the new name for Eagle Eye Metals (ASX: EYE) after shareholders recently approved the change at a general meeting - but the focus of the company remains the same, targeting West African gold.

Birimian Gold just last month identified significant lode gold potential at the Kourouba prospect, which is hosted within the Dankassa Gold Project in Mali.

Phase two reverse circulation drilling comprised 18 holes for 1600 metres at the prospect, with highlights including:

- 21 metres at 1.01 grams per tonne (g/t) gold from 18 metres;
- 15 metres at 1.25 g/t gold from 16 metres;
- 7 metres at 1.01 g/t gold from 30 metres; and
- 6 metres at 1.13 g/t gold from 44 metres.

The program was designed to follow up results from the phase one drill program completed in July, and to test for continuity of higher grade gold zones along strike and at depth within the prospect.

The highlights from phase one (announced in August) included 32 metres at 0.8g/t gold from 78 metres, 12 metres at 1.67g/t gold from 26 metres, and 7 metres at 1.12g/t gold from 16 metres.

Boosting the potential at the project even higher, historical hits include, 10 metres at 5.75g/t gold, 20 metres at 2.17g/t gold, and 12 metres at 1.81g/t gold.

Adding some proximity spice to the drilling program, Dankassa is within 200 kilometres of the Morila 7 million ounce project and the Siguiri 5 million ounce project - highlighting major gold deposits can be developed in the region.


Gold exploration in Liberia

Birimian Gold a couple of weeks ago recommenced fieldwork at its 100% owned Basawa Gold Project in Liberia, which incorporates rocks of the Birimian Greenstone Belts that host world-class gold deposits within West Africa.

The fieldwork is part of extensive exploration currently being undertaken by Birimian Gold in both Liberia and its Dankassa and Korindji Gold Projects in Mali.

Company geologists completed a successful reconnaissance field trip to the Basawa Gold Project in April 2011, identifying a significant number of artisanal mining sites where a primary source of gold is inferred to be in close proximity.

The highly prospective Basawa Gold Project covers 1,131 square kilometres, representing one of the larger ground holdings for gold in Liberia, and is well located 350 kilometres from the capital city of Monrovia.


This article first appeared at: http://www.proactiveinvestors.com.au/companies/news/23063/birimian-gold-the-new-name-for-eagle-eye-metals-focus-remains-on-west-african-gold-23063.html

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