Friday, 14th March 2008 (3571 views)

Partial drill results have been issued for the first two drill holes of the 2008 exploration programme at the Siribaya gold project in west Mali, the company behind the project has said.

Merrex Gold's president and chief executive Gregory Isenor said the results had been rush-assayed when the company's field crews realised they had hit the right types of rock at depth.

Returns from the one of the holes include intersections of 4.83 g/t gold over 2.15 metres, 6.00 g/t gold over 16.5 metres.

The second hole, drilled 500 metres to the south of the first, returned 14 gold mineralised intervals, Mr Isenor said, including 4.65 g/t gold over 17 metres, 5.85 g/t over ten metres and 4.07 g/t gold over 13 metres.

Commenting on the results from the second hole, Mr Isenor said: "It's the hole we have been waiting for at Siribaya."

Assay results for samples from the top and bottom of each hole are still pending, he added.

The Siribaya project is located in the southern section of the West Mali gold belt, which produces a total of 1.5 million ounces of gold a year from deposits such as Sadiola, Loulo and Tabakoto.

 

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