Riedel identifies new gold anomalies in Burkina Faso

/in /by

THE DRILL SERGEANT: Riedel Resources (ASX: RIE) has received results from initial work programs the company has completed, including soil geochemical sampling and drilling, at its Burkina Faso gold permits.

These work programs commenced in April 2012 and concluded in June with the onset of the seasonal rain period.

The work has delineated a number of new gold-in-soil geochemical anomalies via surface soil sampling at the Tagou, Keri and Moaga projects.

Highlighted gold-in-soil assay values include:

Tagou project:

2,950 parts per billion gold;

450ppb gold; and

416ppb gold.

Keri project:

159ppb gold.

Moaga project:

74ppb gold.

In June Riedel secured a RC rig to drill 16 reconnaissance holes to test the width and tenor of near-surface gold-bearing quartz veins, which had been identified by past and present artisanal mining sites.

 

Tagou Project – RC drillhole traces in the southern area and rock chip sample results. Source: Company announcement

 

All assay results have now been received from the program with eight of 10 holes that targeted veins on the southern zone intersecting gold mineralisation within granite or dolerite hosted quartz vein or veins.

Best results include:

–    4 metres at 2.60 grams per tonne gold from 49 metres, including 1 metre at 9.79 grams per tonne gold; and

–    11m at 0.84g/t gold from 28m, including 2m at 2.00g/t gold and 2m at 2.44g/t gold from 90m.

“The drilling results highlight the spotty or nuggety nature of gold which exists in the northsouth trending quartz veins,” Riedel Resources said in its ASX announcement.

“It is encouraging to note that gold mineralisation has been shown to continue to depths of at least 100 metres in the veins and in low grade mineralised envelopes, as highlighted in the drilling intercept of 0.84 grams per tonne gold over a width of 11 metres.”

Riedel said that since the completion of the drilling program it had received results from geochemical sampling over the entire Tagou project area.

Work conducted by the company on these results have led it to interpret of all of the geochemical sampling and drilling results to indicate its preferred northeast-southwest structural trend (which has not yet been drilled) holds the best potential to yield gold mineralisation over significant widths.

“Several strong geochemical anomalies, which may reflect this preferred structural trend, have been identified and these anomalies will be further defined by mapping and magnetic survey work prior to drill testing,” the company said.