Birimian Gold (ASX:BGS) should trade firmer after commencing a much anticipated new drilling program at its Massigui Gold Project in southern Mali.
This 1,600 metres of reverse circulation drilling forms part of a larger campaign designed to test for shallow gold mineralisation adjacent to previously defined high grade gold zones in the Ntiola District.
Drilling will test for vertical extensions to mineralised gold zones at Viper Prospect, where wide spaced aircore drill traverses have returned multiple shallow ore-grade intersections over significant down-hole widths.
Final analytical results are expected towards the end of November.
An initial phase of aircore drilling commenced earlier this month in order to investigate a number of priority target areas. This phase of drilling has now been successfully completed, with final assay results expected in mid-November.
Highlights from previous aircore drilling included 15 metres at 3.45 g/t gold from 4 metres, 16 metres at 2.23 g/t gold from 17 metres, and 10 metres at 2.54 g/t gold from 14 metres.
Birimian Gold holds substantial interests in several prospective gold projects situated within the Birimian Gold Belt of West Africa - a gold rich region which has produced in excess of 250 million ounces of gold from large, low cost mines.
The Ntiola Deposit is located 25 kilometres from the 7 million ounce Morila Gold Mine, operated by Randgold Resources(LON:RRS).
Other major deposits in the near vicinity include Syama at 7 million ounces and Banfora at 4.9 million ounces.
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