Birim (BGI.TO) finds new goldfield on Bui property
BIRIM GOLDFIELDS INC. TSX SYMBOL: BGI
OCTOBER 20, 2004 - 09:27 ET
Birim Goldfields Inc.: Extensive Gold-In-Soil Anomaly Outlined at Kuri on the Bui District, Ghana
MONTREAL, QUEBEC--(CCNMatthews - Oct. 20, 2004) - Birim Goldfields Inc. (BGI:TSX) ("Birim" or "the Company") is pleased to announce the results of an extensive reconnaissance soil sampling program on its Kuri prospect, located in the northern region of its Bui District property in Ghana. Kuri is the target of the largest concentration of galamsey (artisanal) mining on the Company's reconnaissance license.
The extensive preliminary soil-sampling program undertaken on the Kuri target area in July 2004 is now completed. In total 2,747 samples were collected and analyzed, of which 9.2% were quality control samples. A regional 2,535-sample soil grid was established on an 800 meter by 50-meter pattern using GPS control. Soil lines were oriented northwest-southeast, perpendicular to the regional lithological strike and previously mapped structural lineaments. The grid covers an approximately 9.6 x 10.0 km area of the Bui Reconnaissance License (see attached map).
Assay results show that 95 of the soil geochemical samples are higher than 100ppb gold and an additional 218 of the soil samples assayed are higher than 50ppb gold. The highest recorded soil assay value was 8,760ppb gold. Preliminary interpretation of these results indicates that three broad zones of anomalous soil gold have been defined; two of which have strike lengths of over five kilometers each (see attached map). It is likely that these large soil anomalies are caused by a number of underlying mineralised vein sources and infill soil geochemistry will be needed to define each source. The Company plans to continue testing all three anomalous zones with follow-up infill (200 meter by 50-meter) soil sampling.
Tombe-North
The 880-meter Phase III reconnaissance RC drill program, undertaken to test the Tombe-North high-grade gold zone to a depth of 100 meters, is now completed. Research to date indicates that the 350-meter long Tombe-North gold zone comprises the most prospective part of the overall 45-kilometer long Tombe-Parabu stream sediment gold trend.
The RC drill program involved a total of 7 re-entries and deepenings of existing drill holes on lines 27,050 N, 27,100 N, and 27,150 N, and a new hole on each of latter two lines. Two to three kilogram samples collected for each meter drilled were submitted to Transworld Laboratories in Tarkwa, Ghana for assaying. Drill results at depth did not match the significant values found near surface along this gold trend. A review of the cumulative RC drilling results to date on the Tombe-Parabu gold trend is underway to determine the future course on this target area.
Birim's 7,000 square kilometer Bui District covers the entire Bui Structural Belt in northeastern Ghana. This Belt is underlain by Tarkwaian Group and Birimian Supergroup metasediments. These geological units are host to the +20 million ounce Tarkwa gold deposit and the +60 million ounce Ashanti gold deposit on the Ashanti Belt in Ghana. Birim continues to identify large-scale gold target areas on the Bui District and has numerous exploration initiatives underway, reinforcing its commitment to gold exploration in Ghana. Birim Goldfields Inc. is a royalty-based exploration company and trades on the Toronto Stock Exchange under the symbol BGI.
FOR FURTHER INFORMATION PLEASE CONTACT: Birim Goldfields Inc. Denis Simoneau President (514) 393-8611 or 1-800-721-8611 (514) 393-1158 (FAX) Email: info@birim.com Web site: www.birim.com
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