D’Aguilar Gold associate Mt Isa Metals delivers more high grade gold at Nabanga in Burkina Faso

D’Aguilar Gold (ASX: DGR) has reported that associate Mt Isa Metals (ASX: MET) has intersected more high grade gold from drilling at the Nabanga gold discovery in south‐east Burkina Faso, West Africa.

Assay results have been received for the first six drill holes of the phase two reverse circulation (RC) drilling program which include multiple high grade gold intersections on the central quartz lode and open‐ended high grade gold intersections at 65 metres vertical depth.

The new drill results extend the depth of known gold mineralisation on the Nabanga structure and provide significant potential to further extend gold mineralisation by additional drilling at depth.

Highlights include:

- 3 metres at 5.63 grams per tonne (g/t) gold from 19 metres;
- 4 metres at 7.45g/t gold from 66 metres (including 2 metres at 14.08g/t gold from 67 metres); and
- 5m at 5.44g/t gold from 24 metres (including 2 metres at 11.38 g/t gold from 24m).

High grade gold mineralisation has now been now recorded to 65 metres vertical depth on the central quartz lode on contiguous sections (2 metres at 14.08g/t gold and 2 metres at 16.05 g/t gold).

The company is planning deeper drilling for assessment of open‐ended high grade gold zones to 125 metres vertical depth.

RC drilling is continuing along the full 3.6 kilometre strike length of the Nabanga structure. Assay results are awaited from multiple project areas including ‐ Nabanga (RC drilling), Bantou (RC drilling), Kamsongo (RAB drilling) and Boungou (soil sampling).

D’ Aguilar owns a 33% stake, or 52 million shares, in Mt Isa at a value of $23.7 million.

Mt Isa owns five projects within the highly prospective Burkina Faso with high grade gold assays from the company’s wholly – owned Yactibo, Kongolokoro and Tapoa Projects.

Mining investment company D’Aguilar is focused on generating exploration and development companies in a wide array of minerals.

To this end, it also owns 35.2 million shares (12.4%) in Solomon Gold plc (LSE: SOLG) and 58.85 million shares (53%) in AusNiCo Limited (ASX: ANW), and 27 million shares (29%) in Navaho Gold Limited (ASX: NVG) exploring for gold and silver in Nevada (USA) and Queensland.

Originally published at: http://www.proactiveinvestors.com.au/companies/news/17600/daguilar-gold-associate-mt-isa-metals-delivers-more-high-grade-gold-at-nabanga-in-burkina-faso-17600.html