Burey Gold’s key asset, the Giro gold project, is located within the significantly under-explored Kilo-Moto greenstone belt in the northeast Democratic Republic of Congo (DRC). The Moto greenstone belt hosts Randgold and AngloGold Ashanti’s 17 Moz Kibali project, 30 km east of Giro. Kibali produced 642,720 oz of gold in 2015 and is targeting production of 610,000 oz for 2016, confirming a favourable mining environment in the region. Randgold recently entered into a JV agreement on the Moku tenements between Giro and Kibali as it aims to acquire all prospective ground in the area.
Giro comprises two exploitation permits covering 610 km2. The area was mined under Belgian rule and more recently by artisanal workers.
Burey Gold is preparing for a cost effective program of shallow RC drilling at its Douze Match and Mangote anomalies. In addition, coarse reject samples from the diamond and RC drilling at Kebigada have been submitted to SGS laboratories in Johannesburg for a detailed gold deportment study, as a precursor to a detailed metallurgical study on the Giro project in the Moto Greenstone Belt.
The Douze Match soil anomaly extends over 4 km x 2.5 km and lies immediately south of a dominant granite intrusion in the NW portion of PE 5049 where artisanal mining is focused in granites along the sheared contact with northeast trending banded iron formation (BIF). A number of strategic RC holes will also be drilled at the Kebigada Shear Zone to test the orientation of high grade mineralisation interpreted from diamond core measurements which is expected to improve the average grade of the target area.
Positive results from initial bottle roll analyses at Kebigada where fire assay and bottle roll results were of a similar tenor suggest good recoveries can be expected which will further confirm the robustness of mineralisation at the Kebigada Shear Zone where mineralisation has been confirmed over 1,500 m by 400 m down to depths exceeding 150 vertical metres.
Chairman Klaus Eckhof commented, “The drilling program across these very large anomalies at Douze Match and Mangote, could provide significant upside to the size of potential resources located at the Giro gold project. With samples also to be tested at the SGS met labs, we are beginning to build a more extensive picture of the true scope of this project currently being explored. With the historic records from the Belgian production and the extensive artisanal workings across our tenements, we anticipate more discoveries.”
