Bullman Minerals has revealed the assay results from the first four drill holes completed on its Siguiri project, which is located in north-east Guinea, West Africa.
The company said it began drilling at the end of November 2013 and has drilled about 6,200m of the total programme to date.
Bullman will complete a mineral resource estimate for the project that will be documented in a NI43-101 technical report in 2014.
The company said that all four drill holes intersected thick intervals of near-surface gold mineralisation, including high grade intervals.
Drill hole SRC-002 intersected 44m grading 3.731g/t gold and a higher grade interval of 40m grading 4.088g/t gold.
Drill hole SCO-003 intersected 55m grading 1.590g/t gold and a higher grade interval of 9m grading 5.110g/t gold.
Drill hole SCO-001 intersected 50m grading 0.895g/t gold and a higher grade interval of 12m grading 2.473g/t gold.
Further down, drill hole SCO-001 intersected 19m grading 1.166g/t gold with a higher grade interval of 10m grading 2.059g/t gold.
The company said that near-surface gold mineralisation could be amenable to open pit extraction and heap leach processing, similar to the nearby SAG mine, which is located 30km to the west.
Bullman noted that additional testwork is required to confirm the mining and processing scenario.
The Siguiri project covers a 248km² area and features three exploration permits organised into two concession blocks; a North Block comprised of two permits and a South Block comprised of one permit.
Canada-based Bullman Minerals focuses on the acquisition, exploration and development of gold properties in Guinea and neighbouring countries of West Africa.
The company owns two gold projects in the Siguiri Basin of north-east Guinea.