Projects

Meguet Trend Prospect

 

Meguet and Fatmatenga

The Meguet and Fatmatenga Prospects are located in the northeastern corner of the Zam permit near the town of Meguet some 24km northwest of Zorgho, and are centrally situated within the Boulsa Project. Auger drilling was completed over Meguet and Fatmatenga as part of the regional auger programme covering the northern parts of the Zam permit on a 400m by 100m sample spacing. A further infill auger programme was carried out on a 25m by 100m sample spacing and delineated northeast and east-northeast mineralised trends.

Drilling was carried out on northwest-southeast and north-south sections in order to test multiple vein orientations recorded from exposures in artisanal mine sites, and conflicting information regarding vein orientations from previous RC drilling.

All RAB sections intercepted a coherent north east-trending, northwest-dipping zone within granodiorite, with best results including 10m at 7.67 g/t Au (MRAB182) and 10m at 2.77 g/t Au (MRAB 183) on Section E.

Mineralisation is located along the contact zone between the mafic volcanics and granodiorite (best results include 12m at 1.59 g/t Au). A central east-west mineralised zone within north-dipping quartz veining (including best results of 24m at 1.00 g/t Au* and 20m at 0.70 g/t Au) was also intercepted.

Mineralisation was successfully extended by some 250m to the southwest and remains open along strike in both directions. Results include broad near-surface intercepts; all the best RC and diamond drilling intercepts are shown in the table below.

 

Selected Significant RAB Results – Meguet Prospect

Hole

From

To

Int

Au g/t

North

East

RL

Dip

Azi

Depth

MRAB0182

0

10

10

7.67

747201

1372986

318,6

-60

180

10

MRAB0183

0

10

10

2.77

747200

1372977

318,4

-60

180

10

MRAB0202

0

20

20

0.70

747119

1373058

320,1

-55

180

20

MRAB0220

8

16

8

1.36

747119

1372866

316,9

-55

180

20

MRAB0235

8

12

4

4.40

747006

1373044

319,2

-55

135

20

MRAB0258

0

15

15

0.96

747146

1372902

319

-55

135

15

MRAB0288

0

24

24

1.00

747129

1373056

320

-55

135

24

MRAB0317

0

12

12

1.59

747110

1373219

318

-55

135

19

MRAB0319

28

32

4

3.92

747128

1373202

321

-55

135

32

MRAB0334

16

24

8

1.98

747260

1373073

319

-55

135

28

MRAB0355

4

12

8

1.47

747279

1372984

322

-55

180

18

MRAB0407

20

32

12

1.47

747037

1372685

313

-55

180

32

MRAB0443

0

20

20

0.80

746960

1372695

318

-55

180

24

MRAB0445

28

36

8

2.10

746959

1372666

320

-55

180

39

MRAB0627

12

16

4

4.34

747680

1373511

326

-55

180

32

 

 

Selected Significant RC and Diamond Results >0.5 g/t Au – Meguet Prospect

Hole

From

To

Int

Au g/t

North

East

RL

Dip

Azi

Depth

MDH002

42

56

14

0.89

747203

1373051

318

-55

180

100,4

MDH005

49

51

2

8.87

747320

1373268

317

-55

180

147

MRC012

56

64

8

10.37

750084

1375307

318,4

-55

360

70

MRC020

17

23

6

3.14

750082

1375404

319,4

-55

360

48

MRC020

34

38

4

2.76

750082

1375404

319,4

-55

360

48

MRC022

28

34

6

2.46

749999

1375323

315,7

-55

180

42

MRC023

26

29

3

4.72

750001

1375341

316,3

-55

180

54

MRC044

37

45

8

2.52

747439

1373342

317

-55

180

54

MRC100

9

12

3

6.08

750040

1375378

318,8

-60

180

50

 

Figure 1: Meguet Prospect exploration summary plan