Alecto said 24 channel samples were taken from two large artisanal pits at the prospect. Samples from the two pits produced average grades of 1.43 grams per tonne of gold and 1.89 grams per tonne, respectively.
The company has now started a shallow drill programme of 38 holes to test the continuity of the gold mineralisation.
"With the northern pit returning an average grade of 1.43 grams per tonne of gold over 26 metres and the southern pit returning an average grade of 1.89 grams per tonne of gold over 20 metres, there is a strong potential that we are working within a significant gold system," Chief
"This, coupled with our recently announced positive scout drilling results and geological observations made at Massakama, means that our confidence continues to strengthen that we are successfully narrowing in on the areas of significant prospectivity at Massakama," he added.
Most Popular Stories
- National Retail Federation Reduces Sales Forecast
- Hispanic Leader Goes the Extra Mile
- Xavier Gutierrez Appointed to Bank Board
- Long-term Strengths Emerge in U.S. Economy
- Honda' s Accord Plug-in Hybrid Is a Fuel Miser
- Morgan Stanley Ponies Up $275 Million to Settle SEC Charges
- Weekly Jobless Claims Drop to Lowest Level in 8 Years
- Stop-Start Engines Save Gas, Reduce Emissions
- Naya Rivera and Ryan Dorsey Are Married
- Menendez: No Arms for Iraq Without Intel