Diamond program

  1. 926 Posts.
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    I think the key information in the announcement is this part:

    The Company will now commence drill testing the mineralised potential of known regional targets as well as those identified from soil sampling programmes and artisanal mining on both PE 5046 and 5049. A diamond rig will be mobilised to site on completion of maintenance repairs to a small section of the access road. Initial focus will be to drill a series of diamond holes at the Giro Prospect which will define the true width of the mineralised zone associated with the chargeability anomaly and will test the depth extensions of the mineralisation intercepted at shallow levels in the RC drilling, identify controlling structures on mineralisation, and define any potential high grade mineralised chutes similar to those at the nearby Kibali mine.

    Hartleys - Sharks and Minnows update on BYR had this:
    BYR (Burey Gold Limited, flat 2.3cps, m.cap A$16m, Metal Explorer / Developer): Scott Williamson
    • Exploration update from the Giro project in northeastern DRC confirms gold mineralisation with a strike length of 1,400m and widths of 350-450m with a coincident strong IP anomaly
    • RC drilling complete with a diamond rig now testing the main mineralised zone depth potential and structural controls
    • Exploration now moving along trend to artisanal working at Adoku, Peteku and Tora, with infill soil sampling along the ~30km corridor
    • BYR is breaking new ground within one of the best undeveloped gold fields in the world, Giro sits within the same host rocks as the 17Moz Kibali deposit (~30km away), no formal coverage
    Giro already is showing that it has the ounces in the shallow surface part of the mineralisation, deeper higher grade will be make it more attractive but management are looking to find a series of Giro deposits within the exploration corridor, to make the big players take notice.  Seems to be going to plan but some deeper high grade would be great to see out of the diamond drill testing.
    R
 
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