Bassari (Sydney:BSR) Hits 16m@14.2gram/ton gold in Senegal
Thursday, May 27, 2010
Bassari Resources hits 'outstanding' grade gold at Makabingui prospect
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Bassari Resources (ASX: BSR) has reported an outstanding drill result from its Makabingui Prospect in Senegal, West Africa, in drill hole RCS-083 where visible gold was previously reported over 1 metre from 49 metres depth in sedimentary rocks on 20th May 2010.
Assay results indicate a mineralised intersection of 16 metres @ 14.2g/t Au from 48 metres including 1 metre at 85.6 g/t Au from 50 metres.
This intersection is located on line 99,700N which confirms at least 500 metres strike for the higher grade Zone 1 section of the Makabingui Prospect. This zone remains open to the south and also to the north and at depth.
Bassari has confirmed it is in advanced discussions to engage the services of a second RC drill rig to ramp up resource definition at its Makabingui Prospect.
The Makabingui Prospect is focused on a 2 kilometre by 1 kilometre diorite porphyry intrusive body where reconnaissance drilling to date has demonstrated a very extensive series of shallow east dipping zones of gold mineralisation.
The company said this mineralisation is associated with quartz veins and stockworks with silica, sericite, biotite and carbonate alteration.
Jozsef Patarica, managing director and chief executive officer, said recent drilling confirms that the mineralisation extends beyond the boundaries of the porphyry into the adjoining sedimentary rocks.
"Given the large area of the mineralised system, drilling to date has prioritised the higher grade mineralisation known as Zone 1," he added.
With the advent of a second drill rig Bassari will expand resource definition drilling of the broader system.
The RC drill is currently drilling on line 99,500N, 200 metres south of the RCS 083 intersection.
