Banro Identifies a New Gold Mineralized Zone and Provides Updates on its Exploration Drilling Program at Namoya

Banro (TSX:BAA) has announced a discovery of a new mineralization zone together with updates on its ongoing near-mine reverse circulation drill program at its Namoya gold mine.
As quoted in the press release:

Commenting on these results, Banro President and CEO, John Clarke said, “We are excited by these significant intersections coming from the Namoya Summit Hanging Wall Zone and the Bulawayo Prospects. These intersections occur in similar geological settings to adjacent deposits and offer a good opportunity to replenish and grow our resources and reserves. We plan to carefully evaluate these zones of mineralization and update our year-end (2016) mineral resources and reserves.”
Interim Program Update
The current exploration drilling program at Namoya commenced in August 2016. The priorities were to grow Namoya’s mineral resources in the short term and to test new targets. In summary, the work focused on:

• Delineation and infill drilling of the recently discovered Namoya Summit Hanging Wall Zone (see Banro press release of February 24, 2016).
• Evaluation of the in-pit Inferred Mineral Resource for conversion into a higher confidence category for inclusion in the mining blocks at the Kakula and Muviringu deposits.
• Exploration drilling at the Bulawayo and Seketi targets, which led to the discovery of new zones of mineralization.

Click here to read the full press release.

Source: www.banro.com