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Bassari Resources discovers gold zone 800 metres from Makabingui project

The new zone may indicate a much larger mineralised gold system than defined.
Bassari Resources discovers gold zone 800 metres from Makabingui project
The Makabingui Gold Project is in the West African nation of Senegal

Bassari Resources Ltd (ASX:BSR) has discovered a new gold zone about 800 metres east of the Makabingui mineralised system at its project in Senegal.

Geologists analysed 8 rock chip samples with one of them returning a high grade of 4.2 g/t gold.

Continuation of Makabingui system

The new find demonstrates that the entire Makabingui gold system is still open and appears to be swinging around the Sambarabougou granite in an easterly direction.

This is a continuation of the same Makabingui geological setting, with recent artisanal mining at the surface of the new area further confirming the gold zone.

READ: Bassari Resources surges 16% as finance for Makabingui Gold Project is formalised

The mineralisation from where the samples were taken is considered to be in similar shear structures at the contact of the meta-volcanics (gabbro), and meta-sediments proximate to the granite.

Bassari aims to demonstrate the potential of the new zone with an induced polarisation (IP) survey over the 800-metre-long trend.

This would provide better definition of the contact structure and would be followed up by drilling.

If the discovery proves to be an extension of Makabingui, it opens up the project to being a much larger system containing more gold than defined to date.

High-grade open pit

Bassari has completed a pre-feasibility study at the Makabingui Gold Project, modelling an initial high-grade open pit project of 1 million tonnes at 5.7 g/t gold for 174,000 ounces of production.

The study determined a $678 per ounce cash cost and expansion is anticipated from underground and infill drilling along the 8 kilometres of strike at Makabingui South.

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