BSR 0.00% 1.3¢ bassari resources limited

Ann: Makabingui Gold Project Update, page-10

  1. 868 Posts.
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    Further to my previous posts & after reading the announcement again there has been many elements of valuable importantance to note.

    All Pits @ Makabingui are open at depth & direction either north/south/east & I would say west as well other than the permit boundary closes off this option.

    Makabingui East (new discovery) 32 SQUARE KM, it appears from the drilling planed that the company has high expectations for this area. I remember one conversation that I had when this prospect was found it was said to be "a game changer" for the company. Apart from the gold value the mineralisation it shows that the strike shows that it is lining up with the mineralisation at Makabingui South.
    Again more RAB drilling planed.

    Makabingui South 12 km of mineralisation strike already drilled @ 400m spacing with excellent results already announced. Open in all directions as per Apendix E
    More drilling planned.

    S/E of Makabingui South & as announced yesterday is the Laffia prospect equally as large as the Makabingui South prospect. Yet to be drilled or tested. From previous maps you can clearly see this mineralisation lining up with the South prospect & in it's enormity.

    Makabingui South & Laffia are ideally situated in very close proximity the the Production Plant much closer than Makabingui.

    Then we have the Douta discovery Allivual gold. Right beside the Production Plant. 32 square km 20,000 ounces estimated to date lie within.
    The important fact to remember about this prospect is the gold from the allivual soil is in nugget form with ROUGH EDGES . Whilst it is described as allivual gold it has not moved indicating a underlying prospect of a hard rock base as announced yesterday. Knowledge gained from previous mining operation.
    For those who don't know this Douta prospect was mine by Bassari in the early days of the company before low gold prices & security issues with illegal miners force it to ceased production.

    Apendix E 122 square km
    The shear size of the mineralisation to me is mind blowing.
    Not to mention that the drilling to date has been in the High Grade range.

    Seperate from these prospects in the same Permit area there are many other prospects , one that comes to mind is the Missara prospect of some 20km radius to the north east of Makabingui a massive prospect.

    And if that not enough to gain investors attention the Company has the Moura Permit.
    This Permit is littered with prospects of very high potential.
    The Konkoutu,Konkoutu Hill, Konkoutu North prospects as announced are considered to be far bigger than the Makabingui group of prospects.

    Much to be absorbed from yesterday's announce but I do recommend that you do your own research.

    I did get the feelings from yesterday's announcement that the Company is starting to release more information on its assets that should encourage investor interest.

    Some briefings that I have had over the years have been extremely positive.
    One recently was from a key Person " this is the best prospect in 40 years mining that he had seen"

    Please remember that drilling results will be the key to our success.

    Cheers
 
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