Partners Barrick Gold (ABX-T) and Minires du Nord (MDN-T) have their drills gearing up for a new exploration program at the Tulawaka project, 160 km southwest of Mwanza in Tanzania.
Reverse circulation and diamond drilling will test five new targets outlined by soil geochemical surveying. The partners will also resume drilling and test work for the project’s water supply. Heavy rains interrupted the work early in the year.
Earlier this summer, reverse-circulation drilling by the partners cut “significant gold mineralization” on the property’s West zone. The holes targeted most of the West zone area over a 700-metre strike length and outlined a mineralized corridor measuring 400 metres long and 50 metres wide, and averaging 20 metres in thickness. Hole 815 returned 16 metres grading 3.4 grams gold per tonne.
The zone, which comprises mostly weathered rock with quartz veining associated with a metamorphosed gabbroic rock, remains open to the west and at depth.
Work continues on a feasibility study of the East and West zones, which lie 3 km apart. The East zone is hosted by three gold-bearing quartz veins with a combined strike length of about 1 km. At last report, the East zone’s resource stood at 1.6 million tonnes running 18.96 grams gold per tonne.
Barrick, the operator, holds a 70% interest in the property. Minires du Nord holds the remainder.
MDN recently inked a deal allowing it to earn a 70% interest in five prospecting licences in the Tulawaka area from Lakota Resources (YLA-V)
MDN can ear its stake in the licences, which cover 204 sq. km, by making scheduled payments and carrying out exploration programs on each of the properties. MDN plans a program of geochemical sampling followed by drill testing, if warranted.
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