Teranga Gold makes two new discoveries in Burkina Faso

26 April 2017 (Last Updated April 26th, 2017 18:30)

Gold production company Teranga Gold has made two new discoveries from its exploration programme at Golden Hill in Burkina Faso, West Africa.

Gold production company Teranga Gold has made two new discoveries from its exploration programme at Golden Hill in Burkina Faso, West Africa.

Golden Hill is Teranga's joint venture with Australian mineral exploration company Boss Resources.

Located within the Ma and Nahiri prospects, the new discoveries form the first two of the ten targets that have been identified to be drill ready at Golden Hill. 

The company has reported that the ten targets are located geographically close to each other.

Teranga Gold exploration vice-president David Mallo said: "The assay results for Ma and Nahiri are very encouraging for an early stage exploration programme.

"They display good grades, widths, continuity and strike length in each prospect, and the mineralised zones occur from surface with good oxide depth developed."

The Golden Hill property is located within the highly mineralised Houndé Greenstone Belt in Burkina Faso.

This belt hosts a number of high-grade gold discoveries. To the south of Golden Hill is another large land position where active exploration programmes are well underway.

"The assay results for Ma and Nahiri are very encouraging for an early stage exploration programme."

At the Ma prospect, the company completed 13 diamond drill holes to test the NW-trending Ma structure, NW-trending structure and N-S trending cross-structures.

The company is expected to carry out a follow-up drill programme in early May to further evaluate the strike extent on regularly spaced sections.

The programme also includes drilling further along trend and testing depth extensions below the initial drill holes.

A total of 17 reverse circulation drill hole have been completed in four drill profiles at the Nahiri prospect.

The company stated that three of the northernmost drill profiles returned the most favourable results, within a broadly anomalous gold zone.

Teranga Gold is a West African company engaged in the production, development and exploration on prospective gold belts.