Australia's largest stock trading and investment forum Australia's #1 stock forum

FFX

0.00%

20.0¢ firefinch limited

Ps. As WW said. There are some really big (gold) ore bodies out...

First 55 Last

Share
Profile

Follow
petepub

235 Posts.

58

06/11/16

16:33

Post #: 20403704
Share

Originally posted by petepub ↑

I see this positive. Getting a foot in the door with Rangold. I didn't realise there was such a great exploration target.
Randgold, AngloGold Morila JV takes interest in Birimian finds
4th November 2016 BY: ESMARIE SWANEPOEL
CREAMER MEDIA SENIOR DEPUTY EDITOR: AUSTRALASIA
PERTH (miningweekly.com) – ASX-listed Birimian has struck a deal with joint venture (JV) vehicle Societe de Mines de Morila (Morila) that could lead to the commercial development of several gold deposits within the Massigui gold project, in Mali.

Under the terms of the agreement, Morila, which is a JV between Randgold Resources, AngloGold Ashanti and the government of Mali, will have a six-month option to acquire an area of interest within the Massigui project.

ADVERTISEMENT

Upon exercise, Morila will pay A$1-million to Birimian, with the Australian company retaining a royalty of up to 4% on gold produced from 11 km2 area of interest.

The Massigui gold project surrounds the current Morila mine lease on three sides, and covers strike extensions of the highly prospective geological sequence that hosts the seven-million-ounce Morila deposit.

The area of interest covers the Ntiola and Viper gold deposits, which have an exploration target of between four-million and six-million tonnes, grading between 1.2 g/t gold and 1.8 g/t gold. The balance of the project area will remain within Birimian’s control.

EDITED BY: Creamer Media Reporter

Expand

Ps. As WW said. There are some really big (gold) ore bodies out there, and we hope to find them. A foot in the door now with Rangold. Then turn into a hugely profitable Lithium company. And when Big Kev is sick of Lithium, he can play in his own backyard and dig up as much gold as he dam well likes too

BGS Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

Reply

Top Stories

Emerald & Azure score Digger & Dealer awards

IR1

IRIS Metals sniffs 75 metres of lithium in South Dakota, pushing share price up 9.99%

LVH

Livehire sees share rocket 91% on takeover bid by Humanforce

Bitcoin: Current State of Play & Where to Next | Swyftx

ORP

Orpheus delays drilling at South Australian play Frome, on traditional owner advice