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Taruga Gold Ltd (TAR.AX) Preliminary Mineral Resource Estimate, Kossa Project
Perth, Australia (ABN Newswire) - Taruga Gold Limited (ASX:TAR) is pleased to provide this up...
About this update from Orezone Gold Corporation
[{"type":"text","content":"Taruga Gold Ltd (TAR.AX) Preliminary Mineral Resource Estimate, Kossa Project\nPerth, Australia (ABN Newswire) - Taruga Gold Limited (ASX:TAR) is pleased to provide this update on the Kossa Project in Niger, West Africa. The Company has completed a preliminary Inferred Mineral Resource estimate of 2.7Mt @ 1.3g/t gold for 112,000ozs gold (top cut 20g/t gold and lower cut-off of 0.5g/t gold applied) at the Borobon prospect, located in the Kossa 1 concession. The Company is continuing to review the Kossa project following the renewal of concessions as well as the granting of two new concessions Ouanzerbie and Kouriki. The total area under licence is now over 1,100km2 (Figure 1, see link below). Highlights: - Kossa Project licences renewed and additional licences granted with project area now exceeding 1,100km2 - A JORC compliant Mineral Resource estimate for the Borobon Prospect has an initial Inferred Resource of 2.7Mt @1.3g/t gold for 112,000ozs gold - Borobon prospect resource area remains open along strike and at depth - Planning for additional exploration including additional drilling for extensions to defined mineralisation - New concession area has extensive geochemical anomalies from historic sampling - Taruga continues to assess opportunities for new acquisitions or value adding agreements relating to existing projects \"The Kossa project located in northwestern Niger is a highly prospective landholding 100% owned by Taruga. The Company has continued to review this extensive area with the focus on identifying potential large gold mineralized systems. The project is located just 15km from the Essakane gold mine - the largest gold mine in Burkina Faso and the geological setting indicates potential for similar styles of gold mineralization. This preliminary Inferred Resource at Borobon is regarded as a first step in continued exploration and development of this area,\" Managing Director Bernard Aylward commented. \"Taruga is assessing opportunities, both within the countries that we currently operate and in neighboring countries. We are confident that there are excellent opportunities to acquire, explore and advance gold exploration projects within West Africa. In addition, we have successfully concluded two Joint Ventures with major companies in 2015 and will continue to assess opportunities for agreements that represent val...