Oliver’s infill drilling verifies gold find in Mali

Results from infill drilling confirm that the Main zone of the Segala project in Mali contains a large gold resource, reports Oliver Gold (OGO-V).

To date, Oliver and partner CMC (West Africa) have completed 11 diamond drill holes, totalling 3,048 metres, in a program aimed at testing the property’s Main zone. A 1995 program on the zone identified a geological resource exceeding 1 million oz. gold.

The best results include: 45.8 metres grading 4 grams (0.12 oz.) gold per tonne; 27.6 metres grading 7.5 grams (0.22 oz.); and 20.2 metres grading 7.1 grams (0.21 oz.). Shorter, higher-grade intervals include 2 metres grading 35.5 grams (1.04 oz.); 7 metres grading 12.5 grams (0.36 oz.); and 5 metres grading 27.6 grams (0.81 oz.).

The mineralized intervals are characterized by bleached, iron-carbonitized and sericitized metasediments containing disseminated pyrite and arsenopyrite, as well as a network of quartz veinlets. Gold occurs in sulphide minerals and as coarse grains in iron-carbonate quartz veinlets.

The Main and Northwest zones, which occur in a regional deformation structure, have been traced over a cumulative strike length of 1,200 metres and to a depth of 300 metres. They remain open to the west and downdip.

Oliver is awaiting results of a 224-hole reverse-circulation drill program designed to test for supergene mineralization overlying the Main and Northwest zones. The company is also moving a second diamond drill on to the property to test new geophysical and geochemical targets.

Trillion Resources (TLQ-T) has a 6% interest in Oliver and a 51% interest in CMC (West Africa), a subsidiary of Consolidated Mining Corp. of South Africa.