Business
DFR Gold Inc. Announces Assay Results of the Kalaka Project Drilling Programme
Vancouver, British Columbia--(Newsfile Corp. - October 10, 2023) - DFR Gold Inc. (TSXV: DFR) ("...
About this update from Dfr Gold Inc
[{"type":"text","content":"DFR Gold Inc. Announces Assay Results of the Kalaka Project Drilling ProgrammeVancouver, British Columbia--(Newsfile Corp. - October 10, 2023) - DFR Gold Inc. (TSXV: DFR) (\"DFR\" or the \"Company\") is pleased to announce, with its joint venture partner Panthera Resources plc, the assay results from the recent drilling programme at the Kalaka Project in Mali announced on 10 July 2023.HighlightsDrill assay results include:76 metres at 0.53 g/t Au (includes 10 metres at 1.16 g/t Au) in hole KRC_23_00534 metres at 0.50 g/t Au in hole KRC_23_00685 metres at 0.52 g/t Au (includes 12 metres at 1.62g/t Au to end of the hole) in hole KRC_23_007Completed 8 reverse circulation (\"RC\") drill holes for 705 metres.The results complement existing diamond and reverse circulation drilling at the large-tonnage K1A mineralisation - twin hole results verify and validate historical drill holes assays.CEO John McGloin commenting on the results said: \"We are pleased to see that the short drilling programme at the K1A target at Kalaka has verified and validated the very significant wide mineralised intersections recorded in the historical drilling. These positive results are expected to move us closer to publishing a maiden resource estimation for the property. Planned laboratory test work on the drill samples from the K1A target are expected be a further step towards demonstrating the positive economics of the property.\" BackgroundPanthera and DFR Gold Inc (DFR) each have 40% participating interest in Kalaka held through their interest in Maniger Ltd. The remaining 20% interest is owned by a local partner, Golden Spear Mali SARL. Panthera is the operator of the project. The project is located in southeast Mali, between Morila and Syama gold mines and is approximately 260 km southeast of Bamako. It lies approximately 80 km south of the Morila gold mine (8m oz) and 85 km northwest of Resolute's Syama gold mine (6m oz) and is situated adjacent and to the east of the regional Banifin Shear Zone.Modern exploration has included airborne geophysical surveys, soil sampling, structural interpretations, geological mapping, and drilling activities. This has included diamond (DD), air core (AC), reverse circulation (RC) and Rotary Air Blast (RAB) drilling. During 2021 Panthera completed 2,430m of shallow AC drilling. On the K1A prospect multiple intersection...