Reverse Circulation Drilling at the Ma East
Prospect Returns 2.50 g/t Gold Over 20 Metres
Teranga Gold Corporation ("Teranga" or the "Company") (TSX:TGZ)
(ASX:TGZ) is pleased to announce that early-stage drilling
continues to yield high-grade, near-surface and deeper gold
mineralization at its Golden Hill property in Burkina Faso, West
Africa. Teranga, through its acquisition of Gryphon Minerals Ltd.,
has an earn-in agreement on the Golden Hill property with Boss
Resources Limited (ASX:BOE) pursuant to which Teranga, as the
operator, can earn an 80% interest in the joint venture upon
delivery of a feasibility study and the payment of AUD2.5 million.
These most recent diamond drill results comprise
the remaining phase two and initial phase three drill results at
the Ma prospect, one of two new discoveries reported by Teranga in
April. All of the Golden Hill prospects drilled by the Company
to-date are located approximately 5 kilometres from a central point
(see Figure 1 in Appendix 1).
The phase two and initial phase three drill
programs continue to return excellent near-surface grades and
widths at the Ma prospect, including:
- 12 m @ 12.28 g/t Au including 4 m @ 34.04 g/t Au
(GHDD-063)
- 8 m @ 11.29 g/t Au including 3 m @ 29.09 g/t Au (GHDD-051)
- 13 m @ 5.84 g/t Au including 3 m @ 18.82 g/t Au (GHDD-046)
- 7 m @ 7.38 g/t Au including 1m @ 46.60 g/t Au (GHDD-055)
- 17 m @ 2.52 g/t Au including 4 m @ 6.34 g/t Au (GHDD-059)
- 9 m @ 4.81 g/t Au including 4 m @ 8.51 g/t Au (GHDD-061)
“These most recent results from Ma have provided
some of the widest and highest grade intervals from our drilling
campaigns to-date and added further on-strike extension to the west
of previous drilling,” said David Mallo, Teranga’s Vice President,
Exploration. “The positive drill results at Ma serve to confirm the
along trend and initial down-dip continuity of grade and width from
surface exposure to depths now approaching 60 to 70 metres at this
quickly advancing prospect. Recent step-out drilling results
located to the west of our previous drill success demonstrate a
general strengthening of the mineralisation which remains open and
will be followed-up further west and to depth in the near
term.”
Continued Mr. Mallo, “In addition, our reverse
circulation drilling program from the eastern part of our Ma
prospect to the Ma East prospect, a distance of over 900 metres, is
providing favorable results and adding substantially to our
geological understanding of this sparsely explored area. We are
still at an early stage of exploration and with these results
recognize considerable upside for continued exploration success
both along trend and to depth where the mineralized structures
remain open to further expansion. We will continue to test
the Ma structure along what is developing into a more than 2
kilometre long mineralised system.”
The Golden Hill property is comprised of three
adjacent exploration permits covering 468 km2 located in southwest
Burkina Faso in the central part of the Houndé Greenstone Belt.
This belt hosts a number of high-grade gold discoveries, including
the Siou, 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.
Ma Prospect: Phase Two and Three Diamond
Drilling
At the Ma prospect, 30 diamond drill holes,
GHDD-28 to 58, were completed during the phase one and two drill
evaluations, testing the primary northwest trending Ma structure, a
secondary parallel, northwest trending structure and north-south
trending cross-structures. Gold mineralization at the Ma prospect
is hosted in an extensive, favourably altered, pyritic, silicified
and brecciated shear system within a sequence of mafic volcanics
intruded by at least two distinct phases of granitic intrusive
bodies.
The phase three drill program began at the Ma
prospect in early August and is ongoing. This drill program
is a continuation of the previous drill phases, and is designed to
further evaluate the currently outlined strike extent on regularly
spaced sections, extend drilling further along trend and continue
testing down dip depth extensions below the favourable gold
mineralised intervals previously announced from drill phases one
and two. The area of recent drilling focus, the westernmost portion
of the Ma prospect, suggests that mineralization is strengthening
here, having returned some of our strongest grade-width
intersections to-date, and remains open to further expansion.
To date, a minimum 1,420-metre extent along strike of the primary
Ma structure has been intersected successfully by diamond drilling
within the overall + 2,000-metre drilled extent that includes both
our diamond and reverse circulation drilling (Figure 2 in Appendix
1).
Representative sections from the Ma prospect are
included (see Figures 3, 4, 5, 6 and 7 in Appendix 1). These
representative sections demonstrate the correlation and continuity
observed for the mineralized structural zones from surface to
drilled depths approaching 60-70 metres, and remains open. A
complete listing of the drilling results reported in this news
release, from the 11 holes comprising the last portion of the phase
two drill results and initial 7 holes of the phase three drill
program, is included in Table 1.
A complete listing of assays from all Ma
prospect diamond drill holes completed to date are shown in an
all-prospect combined results Table 3 in Appendix 1.
Ma / Ma East Prospects: RC
Drilling
Immediately to the east of the Ma phase one, two
and three diamond drill program, recent drill testing by a series
of reverse circulation profiles and scout reverse circulation drill
holes at the Ma East prospect, as well as between the Ma and Ma
East prospects was undertaken (Figure 2 in Appendix 1). This
drilling is designed to fill in a gap between our easternmost Ma
prospect diamond drill program and the Ma East prospect. As
well, it is used to evaluate the prospective surface results of the
Ma East prospect, including re-orientation of drilling direction to
fully assess all structural zones (Figure 8 in Appendix 1).
Results from this evaluation program will assist in follow-up
diamond drilling throughout the eastern portion of the Ma
prospect.
Results for this reverse circulation scout-drill
program, designed to evaluate the potential linking of the Ma and
Ma East prospects, are outlined in Table 2, including the following
highlight results:
- 20 m @ 2.50 g/t Au including 8 m @ 4.65 g/t Au (GHRC-057)
- 7 m @ 2.53 g/t Au including 2 m @ 4.29 g/t Au (GHRC-055)
- 4 m @ 2.35 g/t Au (GHRC-054)
Other Activities & Next
Steps
Diamond drilling (minimum 1,500 metres) is also
underway at the Jackhammer Hill prospect. Prior to this
current drilling, the Company has drilled only two scout holes here
which included a previously reported diamond drill interval of 1.26
g/t Au over 5.2 metres in GHDD-001 (Table 4 in Appendix 1).
The current drilling program is outlined on the Jackhammer Hill
drill plan, Figure 9 in Appendix 1.
In addition to the ongoing drilling at Ma and
Jackhammer Hill, drilling is also planned for both the Nihiri and
Peksou prospects in the fourth quarter, following-up on favourable
results from drilling evaluation programs earlier in the year.
Geologic modeling and initial resource estimation for the most
advanced prospects is also being planned for mid-year 2018.
Drilling Results Tables
Table 1: Ma Prospect Drilling Results
(Last 11 Phase Two Holes and Initial 7 Phase Three
Holes)
Hole # |
Northing * |
Easting * |
Elevation |
Azimuth |
Dip |
EOH (m) |
Interval (m)* |
Core length (m)* |
Grade (g/t Au) |
GHDD-037 |
1237287 |
452474 |
425 |
025 |
-45 |
100 |
51-53 |
2 |
1.67 |
|
|
|
|
|
|
|
|
|
|
GHDD-042 |
1237442 |
452258 |
417 |
025 |
-45 |
92 |
46-48 |
2 |
1.25 |
|
|
|
|
|
|
|
56-58 |
2 |
1.76 |
|
|
|
|
|
|
|
|
|
|
GHDD-043 |
1237482 |
452196 |
403 |
025 |
-45 |
104 |
47-49 |
2 |
2.01 |
|
|
|
|
|
|
|
59-61 |
2 |
4.64 |
|
|
|
|
|
|
|
87-95 |
8 |
3.43 |
|
|
|
Including |
|
|
|
90-93 |
3 |
8.02 |
|
|
|
Including |
|
|
|
92-93 |
1 |
18.82 |
|
|
|
|
|
|
|
|
|
|
GHDD-046 |
1237714 |
451894 |
|
025 |
-45 |
104 |
15-16 |
1 |
11.12 |
|
|
|
|
|
|
|
24-26 |
2 |
3.59 |
|
|
|
|
|
|
|
44-57 |
13 |
5.84 |
|
|
|
Including |
|
|
|
50-56 |
6 |
11.35 |
|
|
|
Including |
|
|
|
53-56 |
3 |
18.82 |
|
|
|
|
|
|
|
|
|
|
GHDD-047 |
1237561 |
452074 |
|
025 |
-45 |
80 |
23-26 |
3 |
2.05 |
|
|
|
|
|
|
|
40-44 |
4 |
1.17 |
|
|
|
|
|
|
|
45-53 |
8 |
2.00 |
|
|
|
Including |
|
|
|
49-52 |
3 |
4.23 |
|
|
|
|
|
|
|
|
|
|
GHDD-048 |
1237573 |
452005 |
|
025 |
-45 |
103 |
77-78 |
1 |
5.31 |
|
|
|
|
|
|
|
|
|
|
GHDD-049 |
1237632 |
451942 |
|
025 |
-45 |
104 |
38-39 |
1 |
2.46 |
|
|
|
|
|
|
|
97-103 |
6 |
1.30 |
|
|
|
Including |
|
|
|
97-98 |
1 |
4.13 |
|
|
|
|
|
|
|
|
|
|
GHDD-051 |
1237718 |
452012 |
|
025 |
-45 |
86 |
15-17 |
2 |
1.46 |
|
|
|
|
|
|
|
24-32 |
8 |
11.29 |
|
|
|
Including |
|
|
|
25-28 |
3 |
29.09 |
|
|
|
Including |
|
|
|
25-26 |
1 |
72.75 |
|
|
|
|
|
|
|
|
|
|
GHDD-053 |
1237697 |
451929 |
|
025 |
-45 |
80 |
33-36 |
3 |
1.44 |
|
|
|
|
|
|
|
48-50 |
2 |
1.61 |
|
|
|
|
|
|
|
53-59 |
6 |
2.13 |
|
|
|
|
|
|
|
|
|
|
GHDD-055 |
1237161 |
452680 |
|
025 |
-45 |
90 |
41-48 |
7 |
7.38 |
|
|
|
Including |
|
|
|
41-42 |
1 |
46.60 |
|
|
|
|
|
|
|
54-55 |
1 |
2.46 |
|
|
|
|
|
|
|
60-68 |
8 |
1.56 |
|
|
|
|
|
|
|
|
|
|
GHDD-057 |
1237245 |
452582 |
|
025 |
-45 |
60 |
47-48 |
1 |
9.33 |
|
|
|
|
|
|
|
|
|
|
GHDD-059 |
1237777 |
451863 |
|
017 |
-45 |
40 |
9-11 |
2 |
1.84 |
|
|
|
|
|
|
|
14-31 |
17 |
2.52 |
|
|
|
Including |
|
|
|
22-30 |
8 |
4.20 |
|
|
|
Including |
|
|
|
25-29 |
4 |
6.34 |
|
|
|
|
|
|
|
|
|
|
GHDD-060 |
1237698 |
451823 |
|
017 |
-45 |
100 |
36-40 |
4 |
1.04 |
|
|
|
|
|
|
|
84-89 |
5 |
2.30 |
|
|
|
|
|
|
|
|
|
|
GHDD-061 |
1237796 |
451821 |
|
017 |
-45 |
80 |
11-12 |
1 |
1.11 |
|
|
|
|
|
|
|
15-18 |
3 |
1.04 |
|
|
|
|
|
|
|
21-30 |
9 |
4.81 |
|
|
|
Including |
|
|
|
21.25 |
4 |
8.51 |
|
|
|
|
|
|
|
|
|
|
GHDD-062 |
1237759 |
451804 |
|
017 |
-45 |
125 |
38-39 |
1 |
1.74 |
|
|
|
|
|
|
|
57-58 |
1 |
1.56 |
|
|
|
|
|
|
|
61-62 |
1 |
2.11 |
|
|
|
|
|
|
|
66-67 |
1 |
1.64 |
|
|
|
|
|
|
|
|
|
|
GHDD-063 |
1237777 |
451770 |
|
017 |
-45 |
125 |
43-55 |
12 |
12.28 |
|
|
|
Including |
|
|
|
46-50 |
4 |
34.04 |
|
|
|
Including |
|
|
|
46-48 |
2 |
57.68 |
|
|
|
|
|
|
|
|
|
|
GHDD-064 |
1237793 |
451732 |
|
021 |
-45 |
116 |
|
NSR |
|
|
|
|
|
|
|
|
|
|
|
GHDD-065 |
1237757 |
451716 |
|
021 |
-45 |
128 |
55-56 |
1 |
2.79 |
|
|
|
|
|
|
|
70-71 |
1 |
5.90 |
|
|
|
|
|
|
|
76-84 |
8 |
2.64 |
|
|
|
Including |
|
|
|
82-84 |
2 |
4.66 |
|
|
|
|
|
|
|
93-94 |
1 |
1.50 |
|
|
|
|
|
|
|
104-108 |
1 |
1.66 |
* Intervals calculated with a 0.4 g/t Au cut-off and 2
metres maximum internal dilution. True widths are unknown. UTM's
are WGS84-30N. |
Intervals with grade x thickness (gram x metre) of 10
or higher are in bold. |
NSR means no significant results. |
Table 2: Ma / Ma East Prospects – RC Drilling
Results
Hole # |
Northing * |
Easting * |
Elevation |
Azimuth |
Dip |
EOH (m) |
Interval (m)* |
Core length (m)* |
Grade (g/t Au) |
GHRC-038 |
1236943 |
452944 |
374 |
025 |
-55 |
70 |
0-2 |
2 |
0.94 |
|
|
|
Including |
|
|
|
0-1 |
1 |
1.47 |
|
|
|
|
|
|
|
|
|
|
GHRC-039 |
1236908 |
452925 |
374 |
025 |
-55 |
70 |
8-14 |
6 |
1.81 |
|
|
|
Including |
|
|
|
11-13 |
2 |
2.78 |
|
|
|
|
|
|
|
|
|
|
GHRC-040 |
1236873 |
452907 |
374 |
025 |
-55 |
70 |
29-35 |
6 |
1.39 |
|
|
|
Including |
|
|
|
30-34 |
4 |
1.73 |
|
|
|
|
|
|
|
|
|
|
GHRC-041 |
1236946 |
453865 |
375 |
025 |
-55 |
70 |
20-24 |
4 |
0.94 |
|
|
|
|
|
|
|
44-45 |
1 |
2.35 |
|
|
|
|
|
|
|
|
|
|
GHRC-042 |
1237090 |
452846 |
382 |
025 |
-55 |
77 |
|
NSR |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GHRC-043 |
1237056 |
452827 |
380 |
025 |
-55 |
70 |
41-43 |
2 |
1.07 |
|
|
|
|
|
|
|
|
|
|
GHRC-044 |
1237023 |
452803 |
380 |
025 |
-55 |
80 |
45-51 |
6 |
1.70 |
|
|
|
Including |
|
|
|
45-47 |
2 |
2.58 |
|
|
|
|
|
|
|
|
|
|
GHRC-045 |
1236990 |
452786 |
380 |
025 |
-55 |
90 |
39-45 |
6 |
0.94 |
|
|
|
Including |
|
|
|
44-45 |
1 |
2.48 |
|
|
|
|
|
|
|
48-54 |
6 |
1.34 |
|
|
|
Including |
|
|
|
50-52 |
2 |
2.16 |
|
|
|
|
|
|
|
|
|
|
GHRC-046 |
1236902 |
4530014 |
371 |
025 |
-55 |
70 |
|
NSR |
|
|
|
|
|
|
|
|
|
|
|
GHRC-047 |
1236835 |
452978 |
371 |
025 |
-55 |
70 |
6-7 |
1 |
1.04 |
|
|
|
|
|
|
|
26-29 |
3 |
1.70 |
|
|
|
|
|
|
|
32-33 |
1 |
1.04 |
|
|
|
|
|
|
|
|
|
|
GHRC-048 |
1236866 |
452994 |
371 |
025 |
-55 |
70 |
12-16 |
4 |
0.97 |
|
|
|
Including |
|
|
|
12-14 |
2 |
1.30 |
|
|
|
|
|
|
|
|
|
|
GHRC-049 |
1237125 |
452863 |
383 |
025 |
-55 |
70 |
7-8 |
1 |
1.19 |
|
|
|
|
|
|
|
19-20 |
1 |
2.12 |
|
|
|
|
|
|
|
22-23 |
1 |
1.34 |
|
|
|
|
|
|
|
27-29 |
2 |
1.08 |
|
|
|
|
|
|
|
49-52 |
3 |
1.30 |
|
|
|
|
|
|
|
62-65 |
3 |
1.74 |
|
|
|
Including |
|
|
|
64-65 |
1 |
3.61 |
|
|
|
|
|
|
|
|
|
|
GHRC-050 |
1236801 |
452949 |
372 |
025 |
-55 |
76 |
54-55 |
1 |
1.04 |
|
|
|
|
|
|
|
|
|
|
GHRC-051 |
1236674 |
453230 |
366 |
025 |
-55 |
70 |
|
NSR |
|
|
|
|
|
|
|
|
|
|
|
GHRC-052 |
1236639 |
453211 |
367 |
025 |
-55 |
70 |
|
NSR |
|
|
|
|
|
|
|
|
|
|
|
GHRC-053 |
1236606 |
453190 |
368 |
025 |
-55 |
76 |
18-22 |
4 |
0.98 |
|
|
|
Including |
|
|
|
18-20 |
2 |
1.73 |
|
|
|
|
|
|
|
|
|
|
GHRC-054 |
1236573 |
453169 |
368 |
025 |
-55 |
70 |
12-16 |
4 |
2.35 |
|
|
|
|
|
|
|
|
|
|
GHRC-055 |
1236605 |
453116 |
370 |
025 |
-55 |
60 |
10-17 |
7 |
2.53 |
|
|
|
Including |
|
|
|
14-16 |
2 |
4.29 |
|
|
|
|
|
|
|
|
|
|
GHRC-056 |
1236436 |
453163 |
368 |
063 |
-55 |
75 |
|
NSR |
|
|
|
|
|
|
|
|
|
|
|
GHRC-057 |
1236168 |
453383 |
368 |
059 |
-55 |
70 |
7-10 |
3 |
1.01 |
|
|
|
|
|
|
|
16-29 |
13 |
1.50 |
|
|
|
|
|
|
|
35-55 |
20 |
2.50 |
|
|
|
Including |
|
|
|
38-46 |
8 |
4.65 |
* Intervals calculated with a 0.4 g/t Au cut-off and 2
metres maximum internal dilution. True widths are unknown. UTM's
are WGS84-30N. |
|
NSR means no significant results. |
|
Competent Persons Statements
Teranga's exploration programs are being managed
by Peter Mann, FAusIMM. Mr. Mann is a full time employee of Teranga
and is not "independent" within the meaning of National Instrument
43-101. Mr. Mann has sufficient experience which is relevant to the
style of mineralisation and type of deposit under consideration and
to the activity which he is undertaking to qualify as a Competent
Person as defined in the 2012 Edition of the "Australasian Code for
Reporting of Exploration Results, Mineral Resources and Ore
Reserves" (the “JORC Code”). Mr. Mann is a "Qualified Person" under
National Instrument 43-101 Standards of Disclosure for Mineral
Projects. The technical information contained in this news release
relating exploration results are based on, and fairly represents,
information compiled by Mr. Mann. Mr. Mann has verified and
approved the data disclosed in this release, including the
sampling, analytical and test data underlying the information. The
RC and diamond core samples are assayed at the BIGGS Laboratory in
Ouagadougou, Burkina Faso. Mr. Mann has consented to the inclusion
in this news release of the matters based on his compiled
information in the form and context in which it appears
herein. See Appendix 2 for the JORC Code explanations
relating to the results in this press release.
Forward-Looking Statements
This press release contains certain statements
that constitute forward-looking information within the meaning of
applicable securities laws ("forward-looking statements"), which
reflects management's expectations regarding Teranga's future
growth, results of operations (including, without limitation,
future production and capital expenditures), performance (both
operational and financial) and business prospects (including the
timing and development of new deposits and the success of
exploration activities) and opportunities. Wherever possible, words
such as “objective to”, “likely”, “intend to”, “potential”,
“belief”, “believe”, “expects”, “estimates”, “plans”,
“anticipated”, “ability” and similar expressions or statements that
certain actions, events or results “should”, or "will" have been
used to identify such forward-looking information. Forward-looking
statements include, without limitation, all disclosure regarding
possible events, conditions or results of operations, future
economic conditions and anticipated courses of action. Although the
forward-looking statements contained in this press release reflect
management's current beliefs based upon information currently
available to management and based upon what management believes to
be reasonable assumptions, Teranga cannot be certain that actual
results will be consistent with such forward-looking statements.
Such forward-looking statements are based upon assumptions,
opinions and analysis made by management in light of its
experience, current conditions and its expectations of future
developments that management believe to be reasonable and relevant
but that may prove to be incorrect. These assumptions include,
among other things, the ability to obtain any requisite
governmental approvals, the accuracy of mineral reserve and mineral
resource estimates, gold price, exchange rates, fuel and energy
costs, future economic conditions, the ability to resettle the
community within anticipated timeline, anticipated future estimates
of free cash flow, and courses of action. Teranga cautions you not
to place undue reliance upon any such forward-looking
statements.
The risks and uncertainties that may affect
forward-looking statements include, among others: the inherent
risks involved in exploration and development of mineral
properties, including government approvals and permitting, changes
in economic conditions, changes in the worldwide price of gold and
other key inputs, changes in mine plans and other factors, such as
project execution delays, many of which are beyond the control of
Teranga, as well as other risks and uncertainties which are more
fully described in Teranga's Annual Information Form
dated March 30, 2017, and in other filings of Teranga with
securities and regulatory authorities which are available
at www.sedar.com. Teranga does not undertake any obligation to
update forward-looking statements should assumptions related to
these plans, estimates, projections, beliefs and opinions change.
Nothing in this document should be construed as either an offer to
sell or a solicitation to buy or sell Teranga securities. All
references to Teranga include its subsidiaries unless the context
requires otherwise.
About Teranga
Teranga is a multi-jurisdictional West African
gold company focused on production and development as well as the
exploration of more than 5,000 km2 of land located on prospective
gold belts. Since its initial public offering in 2010,
Teranga has produced more than 1.2 million ounces of gold from its
operations in Senegal, which as of June 30, 2017 had a reserve base
of 2.7 million ounces of gold. Focused on diversification and
growth, the Company is advancing its Banfora development project
and conducting extensive exploration programs in three countries:
Burkina Faso, Senegal and Côte d’Ivoire. Teranga has a strong
balance sheet and the financial flexibility to grow its
business.
Steadfast in its commitment to set the benchmark
for responsible mining, Teranga operates in accordance with the
highest international standards and aims to act as a catalyst for
sustainable economic, environmental, and community development as
it strives to create value for all of its stakeholders.
Teranga is a member of the United Nations Global Compact and a
leading member of the multi-stakeholder group responsible for the
submission of the first Senegalese Extractive Industries
Transparency Initiative revenue report. The Company's
responsibility report, is available at
www.terangagold.com/responsibilityreport and is prepared in
accordance with its commitments under the United Nations Global
Compact and in alignment with the Global Reporting Initiative
guidelines.
Contact Information |
|
|
|
Richard Young |
Trish Moran |
President &
CEO |
Head of Investor
Relations |
T: +1 416-594-0000 | E:
ryoung@terangagold.com |
T: +1 416-564-4290 | E:
tmoran@terangagold.com
|
APPENDIX 1
Table 3: DDH Results For All Prospects
(GHDD-001 to GHDD-065)
Hole # |
Northing * |
Easting * |
Elevation |
Azimuth |
Dip |
EOH (m) |
Interval (m) * |
Core length (m) * |
Grade (g/t Au) |
|
MA |
|
GHDD-008 |
1237670 |
452122 |
408 |
055 |
-45 |
65 |
23.0-24.0 |
1.0 |
1.16 |
|
GHDD-009 |
1237602 |
452159 |
398 |
055 |
-45 |
80 |
31.0-32.0 |
1.0 |
2.05 |
|
|
|
|
|
|
|
|
58.0-61.0 |
3.0 |
1.60 |
|
GHDD-010 |
1237505 |
452175 |
399 |
039 |
-45 |
122 |
39.5 - 46.0 |
6.5 |
2.67 |
|
|
|
|
Including |
|
|
|
40.0 - 42.0 |
2.0 |
5.03 |
|
|
|
|
|
|
|
|
52.0 - 55.0 |
3.0 |
8.86 |
|
|
|
|
|
|
|
|
81.0 - 87.0 |
6.0 |
1.39 |
|
|
|
|
|
|
|
|
100.0 - 103.0 |
3.0 |
0.97 |
|
|
|
|
|
|
|
|
116.0 - 117.0 |
1.0 |
1.52 |
|
GHDD-011** |
1237408 |
452333 |
434 |
024 |
-45 |
62 |
29.2 - 40.0** |
9.8 |
1.92 |
|
|
|
|
Including |
|
|
|
29.2 - 34.5 |
5.3 |
2.62 |
|
|
|
|
Including |
|
|
|
32.8 - 34.5 |
1.7 |
6.06 |
|
GHDD-012 |
1237377 |
452363 |
440 |
020 |
-45 |
92 |
30.0 - 31.0 |
1.0 |
3.93 |
|
|
|
|
|
|
|
|
34.0 - 41.0 |
7.0 |
1.81 |
|
|
|
|
Including |
|
|
|
34.0 - 37.0 |
3.0 |
2.94 |
|
GHDD-013 |
1237342 |
452435 |
437 |
024 |
-45 |
88 |
23.0 - 26.0 |
3.0 |
1.22 |
|
|
|
|
|
|
|
|
79.0 - 80.0 |
1.0 |
1.51 |
|
GHDD-014 |
1237297 |
452457 |
428 |
024 |
-45 |
63 |
45.0 - 54.0 |
9.0 |
1.55 |
|
|
|
|
Including |
|
|
|
53.0 - 54.0 |
1.0 |
9.20 |
|
GHDD-015 |
1237231 |
452621 |
412 |
020 |
-45 |
66 |
20.9 - 28.8 |
7.9 |
2.71 |
|
|
|
|
Including |
|
|
|
26.2 - 28.8 |
3.6 |
5.24 |
|
|
|
|
|
|
|
|
56.0 - 58.0 |
2.0 |
1.77 |
|
GHDD-016 |
1236966 |
452873 |
375 |
040 |
-45 |
59 |
11.0 - 15.0 |
4.0 |
1.27 |
|
|
|
|
|
|
|
|
26.0 - 28.0 |
2.0 |
2.73 |
|
GHDD-017 |
1237758 |
451855 |
382 |
039 |
-45 |
111 |
32.0 - 37.2 |
5.2 |
5.16 |
|
|
|
|
Including |
|
|
|
34.0 - 37.2 |
3.2 |
7.38 |
|
GHDD-018 |
1237607 |
452249 |
406 |
020 |
-45 |
80 |
25.0 - 26.0 |
1.0 |
1.99 |
|
GHDD-019 |
1237675 |
452205 |
412 |
279 |
-45 |
80 |
|
NSR |
|
|
GHDD-020 |
1237687 |
452084 |
408 |
024 |
-45 |
80 |
23.6 - 28.5 |
4.9 |
3.64 |
|
|
|
|
Including |
|
|
|
25.9 - 27.9 |
2.0 |
7.60 |
|
GHDD-029 |
1237524 |
452149 |
397 |
025 |
-45 |
70 |
36.0-41.0 |
5.0 |
1.50 |
|
|
|
|
Including |
|
|
|
38.0-39.0 |
1.0 |
5.11 |
|
GHDD-030 |
1237351 |
452393 |
438 |
025 |
-45 |
83 |
30.0-31.0 |
1.0 |
3.15 |
|
|
|
|
|
|
|
|
33.0-39.0 |
6.0 |
1.40 |
|
|
|
|
Including |
|
|
|
36.0-38.0 |
2.0 |
2.24 |
|
|
|
|
|
|
|
|
64.0-65.0 |
1.0 |
2.93 |
|
GHDD-031 |
1237217 |
452656 |
409 |
025 |
-45 |
60 |
22.0-35.0 |
13.0 |
1.30 |
|
|
|
|
Including |
|
|
|
24.0-31.0 |
7.0 |
1.95 |
|
|
|
|
Including |
|
|
|
26.0-28.0 |
2.0 |
2.70 |
|
GHDD-032 |
1237148 |
452798 |
392 |
025 |
-45 |
94 |
44.0-46.0 |
2.0 |
1.01 |
|
GHDD-033 |
1237188 |
452725 |
405 |
025 |
-45 |
95 |
50.0-52.0 |
2.0 |
1.99 |
|
|
|
|
|
|
|
|
56.0-67.0 |
11.0 |
1.80 |
|
|
|
|
Including |
|
|
|
58.0-61.0 |
3.0 |
2.79 |
|
GHDD-034 |
1237178 |
452725 |
406 |
025 |
-45 |
80 |
36.0-37.0 |
1.0 |
1.34 |
|
GHDD-035 |
1237253 |
452544 |
416 |
025 |
-45 |
80 |
40.0-41.0 |
1.0 |
1.21 |
|
GHDD-036 |
1237251 |
452506 |
420 |
025 |
-45 |
80 |
|
NSR |
|
|
GHDD-037 |
1237287 |
452474 |
425 |
025 |
-45 |
100 |
51.0-53.0 |
2.0 |
1.67 |
|
GHDD-038 |
1237263 |
452441 |
426 |
025 |
-45 |
101 |
78.0-82.0 |
4.0 |
3.38 |
|
GHDD-039 |
1237304 |
452417 |
431 |
025 |
-45 |
77 |
54.0-57.0 |
3.0 |
1.02 |
|
|
|
|
|
|
|
|
63.0-64.0 |
1.0 |
1.76 |
|
GHDD-040 |
1237344 |
452347 |
442 |
025 |
-45 |
83 |
64.0-73.0 |
9.0 |
4.04 |
|
|
|
|
Including |
|
|
|
67.0-70.0 |
3.0 |
9.44 |
|
|
|
|
|
|
|
|
79.0-81.0 |
2.0 |
1.63 |
|
GHDD-041 |
1237373 |
452315 |
439 |
025 |
-45 |
92 |
64.0-72.0 |
8.0 |
1.36 |
|
|
|
|
Including |
|
|
|
66.0-68.0 |
2.0 |
3.04 |
|
|
|
|
|
|
|
|
78.0-79.0 |
1.0 |
2.50 |
|
GHDD-042 |
1237442 |
452258 |
417 |
025 |
-45 |
92 |
46.0-48.0 |
2.0 |
1.25 |
|
|
|
|
|
|
|
|
56.0-58.0 |
2.0 |
1.76 |
|
GHDD-043 |
1237482 |
452196 |
403 |
025 |
-45 |
104 |
47.0-49.0 |
2.0 |
2.01 |
|
|
|
|
|
|
|
|
59.0-61.0 |
2.0 |
4.64 |
|
|
|
|
|
|
|
|
87.0-95.0 |
8.0 |
3.43 |
|
|
|
|
Including |
|
|
|
90.0-93.0 |
3.0 |
8.02 |
|
|
|
|
Including |
|
|
|
92.0-93.0 |
1.0 |
18.22 |
|
GHDD-044 |
1237472 |
452155 |
399 |
025 |
-45 |
122 |
72.0-74.0 |
2.0 |
3.13 |
|
|
|
|
|
|
|
|
95.0-102.0 |
7.0 |
1.31 |
|
|
|
|
Including |
|
|
|
96.0-99.0 |
3.0 |
2.18 |
|
|
|
|
|
|
|
|
111.0-112.0 |
1.0 |
2.51 |
|
GHDD-045 |
1237736 |
451839 |
382 |
025 |
-45 |
102 |
49.0-56.0 |
7.0 |
1.31 |
|
|
|
|
Including |
|
|
|
51.0-54.0 |
3.0 |
2.49 |
|
GHDD-046 |
1237714 |
451894 |
387 |
025 |
-45 |
104 |
15.0-16.0 |
1.0 |
11.12 |
|
|
|
|
|
|
|
|
24.0-26.0 |
2.0 |
3.59 |
|
|
|
|
|
|
|
|
44.0-57.0 |
13.0 |
5.84 |
|
|
|
|
Including |
|
|
|
50.0-56.0 |
6.0 |
11.35 |
|
|
|
|
Including |
|
|
|
53.0-56.0 |
3.0 |
18.82 |
|
GHDD-047 |
1237561 |
452075 |
395 |
025 |
-45 |
80 |
23.0-26.0 |
3.0 |
2.05 |
|
|
|
|
|
|
|
|
40.0-44.0 |
4.0 |
1.17 |
|
|
|
|
|
|
|
|
45.0-53.0 |
8.0 |
2.00 |
|
|
|
|
Including |
|
|
|
49.0-52.0 |
3.0 |
4.23 |
|
GHDD-048 |
1237573 |
452005 |
393 |
025 |
-45 |
103 |
77.0-78.0 |
1.0 |
5.31 |
|
GHDD-049 |
1237632 |
451942 |
390 |
025 |
-45 |
104 |
38.0-39.0 |
1.0 |
2.46 |
|
|
|
|
|
|
|
|
97.0-103.0 |
6.0 |
1.31 |
|
|
|
|
Including |
|
|
|
97.0-98.0 |
1.0 |
4.13 |
|
GHDD-050 |
1237650 |
452065 |
399 |
025 |
-45 |
71 |
36.0-38.0 |
2.0 |
1.58 |
|
|
|
|
|
|
|
|
50.0-52.0 |
2.0 |
3.98 |
|
GHDD-051 |
1237718 |
452013 |
402 |
025 |
-45 |
86 |
15.0-17.0 |
2.0 |
1.46 |
|
|
|
|
|
|
|
|
24.0-32.0 |
8.0 |
11.29 |
|
|
|
|
Including |
|
|
|
25.0-28.0 |
3.0 |
29.09 |
|
|
|
|
Including |
|
|
|
25.0-26.0 |
1.0 |
72.75 |
|
GHDD-052 |
1237678 |
451876 |
385 |
025 |
-45 |
101 |
74.0-82.0 |
8.0 |
2.04 |
|
|
|
|
Including |
|
|
|
79.0-82.0 |
3.0 |
4.02 |
|
GHDD-053 |
1237697 |
451929 |
389 |
025 |
-45 |
80 |
33.0-36.0 |
3.0 |
1.44 |
|
|
|
|
|
|
|
|
48.0-50.0 |
2.0 |
1.61 |
|
|
|
|
|
|
|
|
53.0-59.0 |
6.0 |
2.13 |
|
GHDD-054 |
1237179 |
452641 |
407 |
025 |
-45 |
80 |
44.0-45.0 |
1.0 |
1.20 |
|
|
|
|
|
|
|
|
59.0-60.0 |
1.0 |
1.95 |
|
GHDD-055 |
1237161 |
452680 |
411 |
025 |
-45 |
90 |
41.0-48.0 |
7.0 |
7.38 |
|
|
|
|
Including |
|
|
|
41.0-42.0 |
1.0 |
46.60 |
|
|
|
|
|
|
|
|
54.0-55.0 |
1.0 |
2.46 |
|
|
|
|
|
|
|
|
60.0-68.0 |
8.0 |
1.56 |
|
GHDD-056 |
1237202 |
452698 |
413 |
025 |
-45 |
60 |
27.0-33.0 |
6.0 |
1.05 |
|
|
|
|
Including |
|
|
|
31.0-32.0 |
1.0 |
1.73 |
|
GHDD-057 |
1237245 |
452582 |
419 |
025 |
-45 |
60 |
47.0-48.0 |
1.0 |
9.33 |
|
GHDD-058 |
1237213 |
452567 |
415 |
025 |
-45 |
89 |
54.0-60.0 |
6.0 |
1.62 |
|
|
|
|
Including |
|
|
|
55.0-57.0 |
2.0 |
2.82 |
|
|
|
|
|
|
|
|
80.0-81.0 |
1.0 |
2.33 |
|
GHDD-059 |
1237777 |
451863 |
382 |
017 |
-45 |
40 |
9.0-11.0 |
2.0 |
1.84 |
|
|
|
|
|
|
|
|
14.0-31.0 |
17.0 |
2.52 |
|
|
|
|
Including |
|
|
|
22.0-30.0 |
8.0 |
4.20 |
|
|
|
|
Including |
|
|
|
25.0-29.0 |
4.0 |
6.34 |
|
GHDD-060 |
1237698 |
451823 |
381 |
017 |
-45 |
100 |
36.0-40.0 |
4.0 |
1.04 |
|
|
|
|
|
|
|
|
84.0-89.0 |
5.0 |
2.30 |
|
GHDD-061 |
1237796 |
451821 |
380 |
017 |
-45 |
80 |
11.0-12.0 |
1.0 |
1.11 |
|
|
|
|
|
|
|
|
15.0-18.0 |
3.0 |
1.04 |
|
|
|
|
|
|
|
|
21.0-30.0 |
9.0 |
4.81 |
|
|
|
|
Including |
|
|
|
21.0-25.0 |
4.0 |
8.51 |
|
GHDD-062 |
1237759 |
451804 |
380 |
017 |
-45 |
125 |
38.0-39.0 |
1.0 |
1.74 |
|
|
|
|
|
|
|
|
57.0-58.0 |
1.0 |
1.56 |
|
|
|
|
|
|
|
|
61.0-62.0 |
1.0 |
2.11 |
|
|
|
|
|
|
|
|
66.0-67.0 |
1.0 |
1.54 |
|
GHDD-063 |
1237777 |
451770 |
380 |
017 |
-45 |
125 |
43.0-55.0 |
12.0 |
12.28 |
|
|
|
|
Including |
|
|
|
46.0-50.0 |
4.0 |
34.04 |
|
|
|
|
Including |
|
|
|
46.0-48.0 |
2.0 |
57.68 |
|
GHDD-064 |
1237793 |
451732 |
380 |
021 |
-45 |
116 |
|
NSR |
|
|
GHDD-065 |
1237757 |
451716 |
380 |
021 |
-45 |
128 |
55.0-56.0 |
1.0 |
2.79 |
|
|
|
|
|
|
|
|
70.0-71.0 |
1.0 |
5.90 |
|
|
|
|
|
|
|
|
76.0-84.0 |
8.0 |
2.64 |
|
|
|
|
Including |
|
|
|
82.0-84.0 |
2.0 |
4.66 |
|
|
|
|
|
|
|
|
93.0-94.0 |
1.0 |
1.50 |
|
|
|
|
|
|
|
|
104.0-105.0 |
1.0 |
1.66 |
|
NAHIRI |
GHDD-021 |
1233908 |
450542 |
367 |
065 |
-50 |
115 |
35.0-45.0 |
10.0 |
1.89 |
|
|
|
Including |
|
|
|
43.0-45.0 |
2.0 |
5.18 |
GHDD-022 |
1233926 |
450582 |
366 |
065 |
-60 |
50 |
|
NSR |
|
GHDD-023 |
1233793 |
450684 |
360 |
065 |
-50 |
92 |
21.0-23.0 |
2.0 |
2.14 |
|
|
|
|
|
|
|
25.0-26.0 |
1.0 |
1.07 |
|
|
|
|
|
|
|
27.0-28.0 |
1.0 |
1.62 |
|
|
|
|
|
|
|
29.0-30.0 |
1.0 |
1.06 |
|
|
|
|
|
|
|
46.0-47.0 |
1.0 |
1.44 |
GHDD-024 |
1233779 |
450653 |
360 |
065 |
-50 |
96 |
|
NSR |
|
GHDD-025 |
1233853 |
450621 |
364 |
065 |
-50 |
78 |
33.0-41.0 |
8.0 |
2.09 |
|
|
Including |
|
|
|
|
33.0-34.0 |
1.0 |
12.14 |
GHDD-026*** |
1233838 |
450587 |
366 |
065 |
-50 |
66 |
4.0-38.0*** |
34.0*** |
6.08 |
|
|
Including |
|
|
|
|
9.0-23.0*** |
14.0*** |
12.38 |
|
|
Including |
|
|
|
|
20.0-21.0 |
1.0 |
140.3 |
GHDD-027 |
1233726 |
450717 |
360 |
065 |
-50 |
71 |
|
NSR |
|
GHDD-028 |
1233741 |
450755 |
359 |
065 |
-50 |
23 |
|
LOST HOLE |
|
PEKSOU |
GHDD-003 |
1227814 |
452129 |
299 |
200 |
-50 |
83 |
27.0-63.0 |
36.0 |
2.32 |
|
|
|
Including |
|
|
|
47.0-59.0 |
12.0 |
3.70 |
|
|
|
Including |
|
|
|
58.0-59.0 |
1.0 |
11.19 |
GHDD-004**** |
1227774 |
452167 |
298 |
200 |
-50 |
98 |
11.0-93.0 |
82.0**** |
1.43 |
|
|
|
Including |
|
|
|
23.0-24.0 |
11.0 |
2.55 |
|
|
|
And |
|
|
|
89.0-93.0 |
4.0 |
5.76 |
GHDD-005 |
1227650 |
452364 |
297 |
020 |
-50 |
59 |
15.0-23.0 |
8.0 |
5.97 |
|
|
|
Including |
|
|
|
18.0-21.0 |
3.0 |
13.46 |
GHDD-006 |
1227598 |
452364 |
297 |
020 |
-50 |
55 |
26.0-32.0 |
6.0 |
20.33 |
|
|
|
Including |
|
|
|
26.0-28.0 |
2.0 |
56.16 |
|
|
|
Including |
|
|
|
27.0-28.0 |
1.0 |
96.08 |
GHDD-007 |
1227598 |
452401 |
297 |
020 |
-50 |
65 |
8.0-10.0 |
2.0 |
3.22 |
|
|
|
|
|
|
|
32.0-37.0 |
5.0 |
2.79 |
|
|
|
Including |
|
|
|
35.0-36.0 |
1.0 |
9.49 |
JACKHAMMER HILL |
GHDD-001 |
1229970 |
452784 |
325 |
131 |
-55 |
106 |
89.8-95.0 |
5.2 |
1.26 |
GHDD-002 |
1230021 |
452822 |
328 |
135 |
-55 |
125 |
3.0-4.0 |
1.0 |
1.48 |
* Intervals calculated with a 0.4 g/t Au cut-off and 2
metres maximum internal dilution. Sampling used lithologic contacts
for the initial drill program, standard metre-metre sampling will
be utilized in future. True widths are unknown. UTM's are
WGS84-30N |
** Interval includes 2 metres of no recovery
(34.5-36.5) where hole intersected an artisanal opening |
*** During the drilling of the mineralized interval of
4 to 38 metres in drill hole GHDD-026, there were four
metre-by-metre samples for which no recovery was reported: (11-12
m, 12-13m, 15-16 m and 19-20m). As such, both the 34-metre
and 14-metre intervals reported in the above Table include these
four metres without sample material available for analysis.
Each of these individual samples have been given a nil value in the
reported interval calculations. |
**** Drill hole GHDD-004 was designed as a test of the
continuity of mineralization identified by historic RC drilling and
to provide a continuous drill hole through the primary
mineralization hosting Granitic Intrusive and across the contact
with the Mafic Volcanics. As demonstrated in Figure 9, drill
hole GHDD-004 was drilled in large part down the trend of
mineralization and is an exaggerated width. However, this hole has
in part, confirmed the continuity of grade down trend, extended the
known depth of gold mineralization considerably deeper than
previous historic drilling and has greatly improved the confidence
in the geologic model of Peksou which will guide future
drilling. |
NSR means no significant results. |
Figure 1: Golden Hill Property – Prospect Location Plan
Maphttp://www.terangagold.com/TGZ_PR_Sept_13_17_Golden_Hill_Figure_1
Figure 2: Ma Prospect – Drill Plan
http://www.terangagold.com/TGZ_PR_Sept_13_17_Golden_Hill_Figure_2
Figure 3: Ma Prospect – Representative Drill Section
(A-A’)
http://www.terangagold.com/TGZ_PR_Sept_13_17_Golden_Hill_Figure_3
Figure 4: Ma Prospect – Representative Drill Section
(B-B’)
http://www.terangagold.com/TGZ_PR_Sept_13_17_Golden_Hill_Figure_4
Figure 5: Ma Prospect – Representative Drill
Section
(C-C’)http://www.terangagold.com/TGZ_PR_Sept_13_17_Golden_Hill_Figure_5
Figure 6: Ma Prospect – Representative Drill Section
(D-D’)http://www.terangagold.com/TGZ_PR_Sept_13_17_Golden_Hill_Figure_6
Figure 7: Ma Prospect – Representative Drill
Section
(E-E’)http://www.terangagold.com/TGZ_PR_Sept_13_17_Golden_Hill_Figure_7
Figure 8: Ma Prospect (Ma East) – Representative
Drill Section (F-F’)
http://www.terangagold.com/TGZ_PR_Sept_13_17_Golden_Hill_Figure_8
Figure 9: Jackhammer Hill Prospect– Drill
Planhttp://www.terangagold.com/TGZ_PR_Sept_13_17_Golden_Hill_Figure_9