Australia’s Burey Gold announced its maiden gold resource estimate at the Mansounia project in Guinea to be 1.08 million ounces of gold.
A maiden independent indicated and inferred mineral resource estimate showed the site to contain more than one million ounces of gold at a 0.2g/t Au cut off.
The company said the gold resource had not been closed off by drilling to the south and south-west, nor at depth.
Burey chairman Ron Gajewski said that the initial metallurgical test work was encouraging and indicated that the mineralisation was suitable for simple cyanide leach recovery.
“Burey will undertake further drill testing of the project, along with testing of other significant targets within the 4km-long mineralised corridor, in an effort to increase resources and to complete initial economic modelling,” Gajewski said.
The resource estimate for this project was done by independent consultant Runge.
By staff writer