Resolute Mining hits high-grade gold at Bibiani

THE DRILL SERGEANT: Resolute Mining (ASX: RSG) has encountered a series of high-grade gold intercepts from the initial holes of an extensive surface and underground diamond drilling program being undertaken at the company’s Bibiani gold project in Ghana.

The recent surface and underground diamond drill program intersected high-grade gold mineralisation including:

30.9 metres at 13.32 grams per tonne gold from 276.7m;

40m at 20.62g/t gold from 431m;

22m at 11.81g/t gold from 109m; and

24m at 6.52g/t gold from 118m.

 

Source: Company announcement

 

The company considers the results it has achieved from the drilling so far to have confirmed and potentially build on the existing 1.7 million ounce resource at Bibiani it announced in August.

The 25,000m drill campaign is now 38 per cent complete and is expected to be completed by early 2015.

Resolute indicated the completed drilling program will be followed by new resource modelling for inclusion in a Feasibility Study on underground mining at Bibiani.

“We are extremely encouraged by these initial high-grade drill results, which support our belief that a mineable underground resource can be confirmed in the near term,” Resolute Mining chief executive officer Peter Sullivan said in the company’s announcement to the Australian Securities Exchange.

“We look forward to completing the drill program, updating our resource model and commencing a Feasibility Study into underground gold mining at Bibiani.”

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