Channel Resources (CVE:CHU) Monday reported additional assay results from its 15,000 metre drilling program on the Mankarga 5 gold deposit at its Tanlouka gold project in Burkina Faso, West Africa.
Most of the results are from infill holes along nominal 100 metre
spaced lines and are targeting extensions of previously encountered
Highlighted intersections from this set of results include holes
Tan12-DD67 and Tan12-DD68, both drilled on section 600SW and collared
approximately 50 metres apart.
With Tan12-DD67 undercutting Tan12-DD68, these holes intersected the
main mineralized structure at 125 metres vertical depth - 72 metres of
2.12 g/t gold in hole Tan12-DD67 - and 75 metres vertical depth - 66
metres of 1.18 grams per tonne (g/t) gold in hole Tan12-DD68,
The main mineralized zone on this section is believed to extend from surface to a minimum 150 metres vertical depth.
Meanwhile, results from sections 900SW to 1500SW may indicate that
the Mankarga 5 structure could be turning to take on a more westerly
orientation, the company said.
Future drill programs will test this theory, following on trends
established by regional gold-in-soil anomalies, and a possible link to
the Mankarga 1 target, where previous reverse circulation drilling
encountered high grade mineralization including intersections of 3.09
g/t gold over 38 metres in Tan10-RC10 and 21.25 g/t gold in Tan10-RC12
over 12 metres.
Hole Tan12-DD62, collared on section 1300NE and to the northwest of
the main drilled trend, encountered numerous mineralized intersections
from surface to 219.5 metres down-hole, the best being 1.77 g/t gold
over 18 metres, including 12.17 g/t gold over 1.5 metres.
Future surface trenching and drilling programs will investigate this
possible northeastward extension of the Mankarga 5 deposit, where
geophysical interpretations indicate potential for a further 500 metres
of strike length, the company said.
The drilling program has so far delineated a mineralized zone that is
over two kilometres long and up to 300 metres wide on the
northeast-trending Mankarga 5 structure.
The main objectives of this program have been to provide a geological
and structural context for the deposit, to further expand the zone and
to support the deposit's maiden resource estimate, which is expected
later in the spring of 2012.
The deposit remains open along strike and to-depth, with
mineralization encountered to a vertical depth of approximately 200
metres in the current program.
Further details can be found at http://www.channelresources.ca