HomeExplorationBurey Gold to raise $2.15M to continue exploration at Giro project

Burey Gold to raise $2.15M to continue exploration at Giro project

Drilling at Burey Gold's Giro prospect in the Kilo-Moto gold belt, in DRC.
Drilling at Burey Gold’s Giro prospect in the Kilo-Moto gold belt, in DRC.

DRC – ASX-listed Burey Gold has successfully completed a book build via private placement to investors to raise up to $2.15 million to continue exploration activity at its highly prospective Giro gold project in the Democratic Republic of Congo.

With significant gold mineralisation already confirmed by Burey’s recent drilling at Giro, the immediate focus of activity will be on testing key prospects nearby to Giro.

The focus of upcoming exploration will be on the artisanal workings at Adoku – 5 km to the south of Giro, Douze – 1 km to the north-west of Giro, Peteku – 2 km west of Giro and historic Belgian workings at Tora – 20 km to the north of Giro.

Burey has already commenced infill soil sampling for better coverage of several newly identified soil anomalies, with the highest priority targets to be followed-up by RC drilling. Thereafter, planning will commence for diamond drill testing of the main mineralised zone (Giro anomaly) for depth potential and structural controls on mineralisation.

Commenting on the placement, chairman Klaus Eckhof states, “Response to the private placement has been excellent and we are very pleased to be able to move quickly on further exploration and sampling of this outstanding project.”

“All indications from the Giro project to date highlight that the exploration corridor that extends north-west for 30 km, is highly mineralised, as indicated by extensive artisanal gold production at dozens of surfaces workings. Burey remains very excited to build on the results we have presented already at the Giro gold project.”

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