Resolute Mining Limited (ASX: RSG) – $1.420
23 Mar 2017
Resolute Mining Limited (ASX: RSG) has received initial results from the second phase of drilling at the Bibiani Gold Mine located in Ghana (Figure 1).
Figure 1. Location of the Bibiani Gold Mine
Highlights from the second phase of drilling at Bibiani includes:
- 30 metres at 8.9g/t gold from 498 metres
- 48 metres at 3.6g/t gold from 171 metres and 6 metres at 16.5g/t gold from 227 metres
- 51 metres at 4.3g/t gold from 117 metres
The second phase drilling program that commenced in December 2016, is designed to upgrade the 591,000 ounces of gold (4.5 million tonnes at 4.1g/t gold) of inferred resources within the current total resource of 1.7 million ounces of gold (15.6 million tonnes at 3.5g/t gold) and increase the current ore reserve of 640,000 ounces of gold (5.4 million tonnes at 3.7g/t gold).
The remainder of the program will focus on exploring new areas of mineralisation along strike to the north and targeting parallel shear structures to the west of the known lenses.
For further information, visit rml.com.au
Resources Stocks to Watch (RSTW) is the leader in research on over 600 ASX listed micro to small-cap mining stocks and commodities. We are independent and do not accept commissions. We tell it like it is. Our reports are researched by experienced geologists and resources analysts, the experts in the field.