- Bassari Resources (BSR) has reported excellent drilling results at Pit 2 pf the Makabingui Gold Project
- The latest results confirm the near-surface high-gold grades in Pit 2
- The company announced the Ball Mill has arrived in Senegal from China, which is currently being transported to the mine site
- Bassari is up 6.67 per cent and shares are trading at 1.6 cents each
Bassari Resources (BSR) has reported excellent drilling results at Pit 2 of its Makabingui Gold Project.
The latest results further confirm the near-surface high-gold grades in Pit 2. The most significant gold intersections include 3 metres at 19.6 grams per tonne (g/t) of gold from 1 metre and 1 metre at 27.1 g/t of gold from 0 metres.
Around 247 holes were completed on a 10 metre by 10-metre pattern totalling 5736 metres.
“Directors are extremely pleased with the continuing high-grade near-surface gold assays in Pit 2,” the company told the market.
Previous drilling in 2017, reported high-grade gold results in both Pits 1 and 2. That report also showed the deposit extends along strike and at a depth beyond the original pit boundaries.
It was further reported that Pit 1 extends to the north of its initial boundary and Pit 2 extends to the south beyond its boundary.
The latest drilling confirms that Pit 2 also extends to the west and at depth.
“Our geological team is confident that the closer spaced drilling within the one million ounce resource at the Makabingui Gold Deposit will add to the present reserves and significantly extend the life of the mine,” the company said.
Bassari also announced the Ball Mill has arrived in Senegal from China. The Ball Mill is currently being transported to the mine site.
Bassari is up 6.67 per cent on the Australian Securities Exchange and is trading at 1.6 cents per share at 11:56 am AEDT.