Senegal – The pre-construction activities at the Makabingui gold project include the update of 2014 Feasibility Study operating costs by Australian mining consultants, Mincore, and improvements to the accommodation camp and access /haul roads.
Bassari Resources will also commence tendering and awarding engineering and construction contracts for Makabiungui with immediate effect – aiming to deliver first ore to the plant by mid-2018.
The results to date of the Mincore study have confirmed the profitable high-grade production from the four high grade open pits in Phase 1 of the Makabingui gold project. Bassari Resources released the details of the project development in the original feasibility study results in June 2014.
Latest drilling results
A total of 4 534 m of reverse circulation drilling has been completed to date (4 107 m in Pit 1 and 4 27 m in Pit 2) at the Makabingui gold deposit. An additional 1 480 samples were sent to Actlabs in Burkina Faso for gold analysis and have returned encouraging results.
Assay results received from the expanded infill/grade control drilling confirm the quantity and high grade of pit 1, (110 000 oz grading 7.6g/t) and confirm that the deposit extends to the north and at depth.
The mineralised lodes are controlled by shear faults defined by tectonic and hydrothermal breccia structures highlighted in the main geological contact between metagabbro and metagreywacke. These shear faults are cross-cut by NNW faults, which increases dilation and fracturing for localising gold mineralisation.
“To date, a number of key milestone activities at the project have been met, most notably the finalisation of the Government Approvals, completion of funding terms and a successful confirmation and update of the 2014 feasibility study.
“All these achievements combined with the successful drilling programme will allow the company to continue pre-construction activities and tendering with immediate effect which is a significant step in delivering shareholder value,” says Bassari Resources executive chairman Alex Mackenzie.