The first phase of soil geochemical sampling has been completed on the Barama gold project in Guyana, where Texas-based explorer International TME Resources (VSE) is earning a half interest.
Sampling from a 1.5-by-1.5-mile grid revealed two parallel trends of anomalous gold values. The trends, which extend over 4,000 ft., coincide with mineralized shear zones in two pits.
In total, 1,300 samples were taken on the grid, and mineralization appears to be open-ended to the southeast.
The company has spent US$580,000 on the project.
Work for 1996 will include diamond drilling in one of the pits, as well as auger drilling and trenching along the extensions of the shear zone as defined by the geochemical survey.
Allen White, chairman of International TME, is keen on the 21.4-sq.-mile Barama concession in northwestern Guyana, and believes the potential for future discoveries is excellent.
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