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BASSARI RESOURCES LIMITED - ASX: BSR
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Description
Bassari’s 3 permits cover a large area of approximately 1,300 sq km and abut each other in central location in the highly prospective Birimian Greenstone belt of the Senegal/Mali border belt. The Moura, Sambarabougou and Bounsankoba permits are located in the Tambacounda region of South Eastern Senegal some 770kms from the capital city of Dakar, and approximately 70km north east of the town of Kedougou. The north east boundary of the Moura permit is along a portion of the Faleme River which forms the boundary with Mali.
As a consequence of the exploration work, numerous gold anomalies and hard rock gold drilling targets have been identified for drilling in 2008. In addition our permits contain large alluvial gold fields presently worked by local artisinal miners (known locally as Orpayeurs). Early preliminary evaluation indicated these areas have good prospects for early development, as limited work indicated good grade, low overburden rates and are metallurgically suited for production. Bassari's permits are in close proximity to Mineral Deposits Limited (ASX), Oromin Explorations and Randgold.
Moura
The Moura permit covers a very prospective area of the Diale series of the Birrimian Belt along the structural shear zone contiguous with the large Sadiola gold operation in Mali, approximately 60 km along the Senegal Mali Shear Zone (SMSZ). Moura has been subject to exploration by the United Nations, the French Government (BRGM) and a number of private mining groups, including Bassari Resources Senegal. BRGM had identified 30 gold anomalies for follow up exploration. All of these anomalies have been located by Bassari Resources Senegal and a detailed sampling program is underway. Infill sampling by Bassari Resources Senegal geologists has identified at least 3 extensive NE-SW anomalous zones, centred around Benajiggi (4 km long). Konkoutou (4km long) and Yorova (1.5 km long and open to the north). A further 3 anomalous shear zones have also been discovered by Bassari geologists in the Moura permit which warrant major exploration work. With 5 significant targets identified plus numerous other anomalies confirmed, Moura is considered a highly prospective permit for detailed and extensive exploration over the next 12 months.
Sambarabougou
The Sambarabougou permit is located within the Palaeoproterozoic Birimian volcano-sedimentary sequences and the intrusives of the Diale Series. The Diale Series lothologies commonly comprise chlorite-sericite schists and phyllites derived from the metamorphism of greywackes and argillaceous sediments. The south eastern portion of the permit is underlain by the Eburnean Saraya Granite.
Bounsankoba
The Bounsankoba permit abuts Sambarabougou to the west. An exploration program was conducted by Hansa Geomin Consulting (HGMC) from 1996 to 1998, including geological mapping, soil geochemistry, geophysics (airborne and ground surveys) and saprolite geochemistry.
Mine For
gold
Location of operation(s)
Senegal
Address
Level 26, 500 Collins Street
MELBOURNE, VIC, AUSTRALIA
Phone
+61 3 9614 0600
Website
Last Updated
04/05/2010
The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.