Teranga Gold Announces Two New Gold Discoveries
at Golden Hill Property in Burkina Faso
... pleased to announce two new gold discoveries from its exploration program at Golden Hill, its joint venture
with Boss Resources Limited (ASX:BOE) (“Boss”), in Burkina Faso, West Africa.
.. new discoveries are located within the Ma and Nahiri prospects, representing the first two of the ten
drill ready targets that have been identified to date at Golden Hill. All ten targets are within close proximity to each other.
“The assay results for Ma and Nahiri are very encouraging ” said David Mallo, Teranga’s Vice President, Exploration. “They display good grades, widths, continuity and strike length in each
prospect, and the mineralized zones occur from surface with good oxide depth developed.”
Additionally, the next two targets – Jackhammer Hill and Pourey-Peksou – were also drilled during the first quarter.
The Company can report that, while these assay results are pending, drilling intersected the expected alteration and
structures at each of these targets.
Mr. Mallo .... excited by these positive results, especially given their close proximity to one
another.
..... a multi-drill second phase program on these targets has begun.”
The Golden Hill located within the highly mineralized Houndé Greenstone Belt in Burkina Faso. This belt
hosts a number of high-grade gold discoveries, including the recently discovered Sious, Yaramoko and Houndé
deposits, the latter property being contiguous with Golden Hill.
To the south of Golden Hill is another large land position where active exploration programs are well underway.
Might top up soon ???
TGZ Price at posting:
65.0¢ Sentiment: Buy Disclosure: Held
