leadf
logo-loader
viewChannel Resources Ltd.

Channel Resources to start 2,000 metre drill program on Mankarga 1 at Tanlouka

burkinafaso_350_4f981ba00fced.jpg

Channel Resources (CVE:CHU) said Wednesday that it will shortly start a 2,000 metre core-drilling program focused on the Mankarga 1 target area at its Tanlouka gold project in Burkina Faso, West Africa.

The company said that in 2010, reverse circulation drilling on the Mankarga 1 target resulted in some of the highest grade intersections reported thus far at Tanlouka, including 12 metres grading 21.25 grams per tonne (g/t) gold in Tan10-RC12, and 38 metres of 3.09 g/t gold in Tan10-RC10.

Since this drilling took place, the company has conducted a structural analysis of the entire Tanlouka permit, which has improved its understanding of the structural framework of the area, it said.

The new drill program will start with several oriented core holes that will twin mineralized reverse circulation holes, which will help in establishing the orientation of the mineralized structures that will then be drill-tested along strike and/or down dip.

The campaign will also test the potential link between the Mankarga 5 deposit, where more than 20,000 metres of drilling has taken place ahead of a maiden resource estimate expected this spring, and the Mankarga 1 target, located around 600 metres to the west.

The company said that previous drilling at the southwestern end of the Mankarga 5 deposit has given some indication of a change in strike orientation, and potential offshoots from the main structure, in line with a trend seen in regional gold-in-soil anomalies.

Earlier this month, the company reported additional assay results from its 15,000 metre drill program on the Mankarga 5 gold deposit. Most of the results were from infill holes along nominal 100 metre spaced lines and were targeting extensions of previously encountered mineralized structures.

Highlighted intersections from this set of results included holes Tan12-DD67 and Tan12-DD68, both drilled on section 600SW and collared approximately 50 metres apart.

With Tan12-DD67 undercutting Tan12-DD68, these holes intersected the main mineralized structure at 125 metres vertical depth - 72 metres of 2.12 g/t gold in hole Tan12-DD67 - and 75 metres vertical depth - 66 metres of 1.18 grams per tonne (g/t) gold in hole Tan12-DD68, respectively.

The main goal of this drilling has been to further expand the zone and to support the deposit's maiden resource estimate, which is expected later in the spring of 2012.

The deposit remains open along strike and to-depth, with mineralization encountered to a vertical depth of approximately 200 metres in the current program.

Channel Resources has a 90 percent interest in the Tanlouka gold project, and an option to earn 100 percent in the Fox Creek lithium / potash brine project in Alberta.

At Fox Creek, a bulk sample of brine sourced from producing natural gas wells is undergoing process testing to determine the most efficient method of producing various industrial minerals from the brine.

Quick facts: Channel Resources Ltd.

Price: - -

TSX-V:CHU
Market: TSX-V
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

FenixOro Gold continues aggressive drill program at their Abriaqui Project...

FenixOro Gold (CSE: FENX-OTCQB: FDVXF) CEO John Carlesso joined Steve Darling from Proactive to bring details about their drilling program that is ongoing at their gold silver and copper project in Colombia. That project is called Abriaqui and sits along a very mineralized belt. Carlesso...

12 hours, 6 minutes ago

3 min read