Bassari hits more gold in Senegal

THE DRILL SERGEANT: Melbourne based gold explorer Bassari Resources has received initial results from a reverse circulation (RC) drilling program carried out during December 2011 at its Konkouto prospect in Senegal, West Africa.

According to the company the results have indicated a zone of gold mineralisation, which Bassari claims confirms the discovery of a new mineralised system.

The drilling program at Konkouto completed 25 holes for 2,025 metres of RC drilling.

 Significant intercepts based on assay results returned:

–    50 metres at 2.5 grams per tonne gold; and

–    20m at 3.0 g/t gold.

Bassari said it considers the drilling has confirmed an east-west trending mineralised zone over a strike length in excess of 600 metres, open in both directions and at depth.

The company has further drilling planned for Konkouto consisting of 12 holes for 1,000 metres to be conducted in the first quarter of 2012.

This will be undertaken once drilling of the Bennajiggi prospect in January has been completed.

The drilling at Bennajiggi will be testing east and west extensions of current mineralisation as well as targeting deeper mineralisation with diamond drilling.

The Konkouto prospect is located on the company’s prospective Moura Permit where it has identified seven quality targets.

It is situated 35 kilometres north east of the Makabingui project where Bassari recently announced an upgraded gold resource of 543,000 ounces (at a cut-off-grade of 0.2 g/t gold).

“Konkouto has advanced significantly since we first reported gold mineralisation back in September last year,” Bassari Resources managing director Jozsef Patarica said in the company’s announcement to the Australian Securities Exchange.

“The results of this program warrant follow up with more RC and diamond drilling which will commence this quarter.

“The wide mineralised intercepts confirm we are looking at a significant mineralised system.”