" Over the past two years there has been little activity on the...

First 9 Last

Share
Profile

Follow
raiderup

28,659 Posts.

89

20/05/16

08:58

Post #: 17820023
Share

Originally posted by Maraho ↑

If of interest ...

"Balatindi (Guinea, West Africa)

Burey has reached a decision to withdraw from the Balatindi Project in Guinea, West Africa and will have no residual interest in that project. This allows the Company and management to focus human resources as well as exploration funds solely on the Giro Gold Project in line with investor expectations. Over the past two years there has been little activity on the Balatindi project, triggered initially by the Ebola crisis and subsequently by the Company’s entry into and focus on the Giro Gold Project. The polymetallic nature of mineralisation at Balatindi (copper, gold, uranium) is always going to present greater technical challenges and further stages of exploration by Burey would have required very large investment, which is better directed to the Giro Gold Project."

Very reasonable!

Expand

" Over the past two years there has been little activity on the Balatindi project "

" The Company is in discussions with parties interested in joint venturing the project which will
enable Burey to focus on its Giro project in the Democratic Republic of Congo. "

http://8a.cdn.auroracms.com/resources/30/0000/8507/2015_dec_qr.pdf

So what happened ?

Raider

ANL Price at posting: 2.4¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

WA8

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

First 9 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

" Over the past two years there has been little activity on the...

Top Stories

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

Featured News