Artisanal shaft near
Drake’s Seimana
gold project in
Guinea
 
Perth, Australia — 31 July 2012 – Drake Resources “’ an Australian gold and base metals resources company with advanced projects in Mauritania and Senegal in West Africa “’ has confirmed another strong gold strike at its Seimana gold project in neighbouring Guinea.

In a statement released here, the company said that the major regional soil and termite mound geochemical programme it had completed at Seimana had unearthed many strong gold anomalies to 2.87 g/t gold in soil

“Drake completed a surface sampling programme involving over 11,200 soil, termite mound and rock samples covering 86% of the area with many strong anomalies reported and multiple drill targets identified. Such levels of gold are strongly anomalous in soils/termite mounds and point to the likely existence of high gold values in the rock beneath,” the statement revealed.

Drake managing director Bob Beeson said: “These are excellent results. We have identified extensive areas of gold anomalies in soil sampling, including a continuous zone of 800m averaging over 0.5 g/t gold. These are exceptional levels to be found in soil samples.”

Drake entered an option-to-purchase agreement on the Seimana project in northern Guinea in 2011 and commenced a major programme of mapping and sampling in January 2012.

At the conclusion of the West African rainy season, the company plans to carry out the first programme of RC drilling in the project area, to test the grade and extent of the many gold mineralised systems identified by the sampling and mapping programmes.

Source: Drake Resources. For more information, click here.