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Sunday, May 12, 2013 3:09:41 PM
Just what Bibani North Mine is! as well as Bibiani Main Mine.
strike extensions remain open at both ends and at depth
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6.0 CONCLUSIONS
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 (4,340ozs)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 (266,380ozs).Totalled together, the resource estimates on the permit is approximately 273,600ozs.
The in situ resources can easily be accessed by open pit to the 4th 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.
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