The discovery hole, MGRCD21-047, was announced
Highlights
Additional drill intercepts up to 17.2m down hole grading at 4.47g/t Au.
Significant gold mineralization has been intersected at shallower depths and from surface.
Footprint of mineralization tested and confirmed over 200m strike length and remains open along strike and depth.
Assay results provide strong indication of potential for gold endowment at the southern portion of the Bibiani Mining Lease.
Follow-up drill holes are planned to the south and north along strike of the recent intercepts.
About
About the
Bibiani is a historically significant gold mine situated in the
About the
Chirano is an operating open-pit and underground mining operation located in southwestern
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Cautionary Statement on Forward-Looking Statements
This news release contains forward-looking statements. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements, including the resources, reserves, exploration results, the development program and production forecast at Bibiani. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located, the Company's inability to obtain any necessary permits, consents or authorizations required for its planned activities, the Company's inability to raise the necessary capital or to be fully able to implement its business strategies and the price of gold. The reader is referred to the Company's public disclosure record which is available on SEDAR.
Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except as required by securities laws and the policies of the securities exchanges on which the Company is listed, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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