Friday, September 07, 2012 5:51:55 PM
It suffices to say that a cursory look at the 2007 drilling summary is very impressive with high grades,
appreciable widths and a mineralized strike length of 600m.
Assessment of the tailings and waste dump of previous operations estimate 60,000 tons @1.5g/t (2,894 ozs)
and 30,000 tons @ 4.5g/t (4,340 ozs) respectively. These figures at the current gold price translate into ore
which could be added to the in situ ore assessed to be 1,380,887 @ 6.0g/t (266,380 ozs). Totalled together,
the resource estimates on the permit is approximately 273,600 ozs.
The in situ resources can easily be accessed by open pit to the 4
th
level and thereafter, underground
development and mining could be undertaken to access the deeper unexplored ore body. Favourable
topography and the virtual absence of overburden over much of the permit is an advantage. The national
electricity grid has been extended to the site quite recently and the proximity of the site to Bibiani township
(about 7km), a district capital with good infrastructure and social amenities, are all additional advantages to
a future mine site at Bibiani North. http://www.katexploration.com/Graphics/properties/Ekom%20Eya%20Gold%20Property/Ekom_%20Eya_Report_Western_Region_Bibiana_Ghana.pdf
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