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Teranga Gold Announces Two New Gold Discoveries at Golden Hill Property in Burkina Faso
Apr. 25, 2017 08:44AM PST
Precious Metals Investing
Teranga Gold Corporation (“Teranga” or the “Company”) (TSX:TGZ)(ASX:TGZ) is pleased to announce two new gold discoveries from its exploration program at Golden Hill, its joint venture with Boss Resources Limited (ASX:BOE) (“Boss”), in Burkina Faso, West Africa. As quoted in the press release: “The assay results for Ma and Nahiri are very encouraging for an …
Teranga Gold Corporation (“Teranga” or the “Company”) (TSX:TGZ)(ASX:TGZ) is pleased to announce two new gold discoveries from its exploration program at Golden Hill, its joint venture with Boss Resources Limited (ASX:BOE) (“Boss”), in Burkina Faso, West Africa.
As quoted in the press release:
“The assay results for Ma and Nahiri are very encouraging for an early stage exploration program,” said David Mallo, Teranga’s Vice President, Exploration. “They display good grades, widths, continuity and strike length in each prospect, and the mineralized zones occur from surface with good oxide depth developed.”
Additionally, the next two targets – Jackhammer Hill and Pourey-Peksou – were also drilled during the first quarter. The Company can report that, while these assay results are pending, drilling intersected the expected alteration and structures at each of these targets.
Mr. Mallo added, “Overall, we are excited by these positive results, especially given their close proximity to one another. Based on the success of this first phase, a multi-drill second phase program on these targets has begun.”
