Birim, Newmont begin fieldwork at Banda Ahenkro (Note: This "Banda Ahenkro" is in the Yamfo-Sefwi gold belt in Ghana, not the auriferous town of "Banda" in the Bui gold belt, nor the maybe more-auriferous "Banda Nkranta" to the north of it across the Black Volta River, where Birim also has interests. FL)
2007-11-06 14:08 ET - News Release
Mr. Victor King reports
JOINT VENTURE PARTNER NEWMONT BEGINS FIELD WORK ON BIRIM'S BANDA AHENKRO PROPERTY IN GHANA
Birim Goldfields Inc. has arranged for the establishment of a management committee to service the joint venture agreement between Birim, Birim Goldfields (Ghana) Ltd., and Newmont Ghana Gold Ltd. and Newmont USA Ltd. (collectively Newmont) on the Banda Ahenkro prospecting licence in Ghana, West Africa. The management committee comprises two representatives each from Birim and Newmont.
The management committee has established the planning, budgeting and scheduling of the forthcoming field activities for the Banda Ahenkro property and accordingly fieldwork supervised by Newmont will begin during November, 2007.
An exploration program for Banda Ahenkro from November, 2007, until June, 2008, has been budgeted at $281,050 (U.S.) and will include the following activities:
* Resampling of stream sediments using Newmont's in-house bulk leach technique;
* Processing of the aeromagnetic data to enable a full geological interpretation;
* Regional gravity surveying;
* Regolith mapping to facilitate geochemical anomaly interpretations;
* Geological mapping and soil sampling in BLEG-anomalous areas.
Birim has managed this property for two years and has established soil anomalies within the Bodi area which straddle northeast-oriented belt-scale shear zones. Newmont will follow up this work and infill the Birim soil grid to further define these anomalies.
Craig Pearman, Birim's exploration manager, directly oversees Birim's exploration programs in West Africa and has reviewed this press release. Mr. Pearman is registered as a professional natural scientist by the South African Council for Natural Scientific Professions and is a qualified person as defined in National Instrument 43-101 developed by the Canadian Securities Administrators.
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