Stumbled on these results from Randgolds exploration activities in Mali circa 2003.
From Randgold 2nd qtr results 2003 The Company has undertaken reconnaissance drilling of three conceptual targets within its tenements in the Morila region. Results received from the first target, Ntiola, which locates 10 kilometres north west of the mine, returned 36 metres @ 1.41g/t including significant intercepts of 6 metres at 2.9g/t and 15 metres at 1.6g/t at a depth of ninety metres and directly below a trench grading 24 metres at 2.3g/t. Mineralisation locates within silicified metasediments hosting disseminated arsenopyrite and pyrrhotite which are similar to those hosting the Morila orebody. The target is still conceptual with only 4 trenches and one borehole testing a broad zone. The identified zone locates on the eastern margin of a large gold in soil anomaly coincident with a series of geophysical anomalies and remain as yet untested.
To the north west of the Morila lease area, work has progressed on the ground covered by the joint venture with OMRD and has identified a large geochemical anomaly which will be the subject of follow-up exploration.
And from Randgold 3rd qtr 2003 results: On the Company's own holdings around the lease area, target delineation is in progress at the Ntiola prospect over the large soil anomaly covering a 1 500 metre by 600 metre area and on twelve other targets which all locate within a 25 km radius of the mine site.
BGS Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held