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Banka Mining Lease Ghana - Technical report
Banka Mining Lease Ghana - Technical report.
About this update from Goldplat Plc
[{"type":"text","content":"\n \n\n\n\n\n Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration\n 7 June 2011\n Goldplat plc ('Goldplat' or 'the Company')\n Banka Mining Lease Ghana - Technical report\n\nGoldplat plc, the AIM quoted gold producer focussed in Africa, is pleased to\nprovide a positive technical summary report for its recently acquired c.29 sq km\nBanka Mining Lease ('Banka' or 'the Project'), in the Amansie East and Asante\nAkim South Districts on the eastern margin of the highly prospective Ashanti\nGold Belt in southern Ghana.\n\nOverview\n * Independent report, compiled by SEMS Exploration Services, ('SEMS') a\n leading mineral exploration consultancy in West Africa, highlights potential\n for significant gold mineralisation\n\n * Banka is 10 km southwest of Newmont's Akyem deposit (circa 14Moz Au)\n * Previous diamond core drilling programmes clearly defined significant high\n grade gold intersections located within a broad low grade mineralised zone -\n 4 km strike with surface outcropping\n * Previous drill results include intersections of 0.8 metres at 13.2g/t Au and\n 1 metre at 11.30 g/t Au\n * Previous artisanal activity in the area - historical mine records suggest\n artisanal miners were exploiting a gold resource estimated to be at a\n grading of up to 26.9 g/t Au\n * Current initial non JORC compliant resource of 262,107 oz Au to a depth of\n 100 metres - report suggests significant potential to upgrade this and\n increase the resource with infill drilling - potential for increase depth of\n drilling to 250 metres\n * Immediate plan to implement a defined development programme at Banka to\n define a JORC compliant resource\n\n\nGoldplat's CEO Demetri Manolis said, \"This technical report underpins the\nprospectivity of Banka in Ghana for gold. Â Early exploration work already\nsuggests that there is potential for a significant resource. Â Our aim is to\nrapidly advance this brown-field gold project, convert and raise the existing\ngold resource to a JORC compliant status, and develop Banka in the mid-term into\na profitable mining operation.\n\n\"The development of Banka forms part of the Company's strategy of building a\nsolid portfolio of advanced gold mining projects in recognised mineralised areas\nwith production history. Â We continue to explore and develop our other mining\nprojects in...