Resource News

SEMAFO (TSX:SMF, OMX:SMF) announced that ongoing auger drilling on the newly acquired Pompoi Nord permit revealed gold geochemical anomalies along the east contact of the Siou intrusive.

SEMAFO (TSX:SMF, OMX:SMF) announced that ongoing auger drilling on the newly acquired Pompoi Nord permit revealed gold geochemical anomalies along the east contact of the Siou intrusive.

According to the press release:

Auger drilling was initiated on the Pompoi Nord permit in order to explore the interpreted east contact of the Siou intrusive (Figure 1). The current auger program, which includes approximately 40,000 meters of drilling over both the Pompoi Nord and the Bara permits, is expected to be completed in the first half of 2014. On Pompoi Nord, auger drilling reaches the saprolite, which is generally between five and 20 meters below the surface. As shown in Figure 2, anomalies appear to follow the east contact of the intrusive, which is parallel to the Kokoi shear zone, host to the Siou deposit. Ongoing geological mapping along the east contact revealed both shearing and sericite alteration similar to that observed at Siou. Individual auger drilling assay results range up to 1,020 ppb, and although higher values are important, the continuity and the strike length of the trend make it a top priority target for follow-up reverse-circulation drilling in 2014.

Click here to view the full press release. 

MARKETS

Markets
TSX19692.92+236.21
TSXV646.04+10.63
DOW32798.40-46.73
S&P 5004118.63-11.66
NASD12368.98-21.71
ASX6993.00+47.80

COMMODITIES

Commodities
Gold1778.79+6.86
Silver20.38+0.04
Copper3.50-0.04
Palladium2218.99+22.00
Platinum913.92+3.92
Oil93.64-0.25
Heating Oil3.43-0.01
Natural Gas8.14-0.14

DOWNLOAD FREE REPORTS

×