Eagle Eye Metals Limited Commences Drilling At Dankassa Gold Project, Mali
09.06.2011 | ABN Newswire
11:14 AEST June 9, 2011 ABN Newswire (C) 2004-2011 Asia Business News PL. All Rights Reserved.Perth, Australia (ABN Newswire) - Eagle Eye Metals Limited (ASX: EYE) is pleased to announce that it has commenced its inaugural drilling program at the Kourouba Prospect, located within the Company's Dankassa Gold Project, in southern Mali.
A coherent gold in soil geochemical anomaly extending over more than 5,000 metres of strike has been delineated previously at the Kourouba Prospect. Very limited, wide-spaced, shallow, reverse circulation (RC) drilling has been undertaken by a previous operator. This comprised a total of 58 holes drilled on sections spaced 250 to 1,000 metres apart. Considerable ore-grade gold mineralisation was intersected, including:
- 10m at 5.75 g/t gold
- 20m at 2.17 g/t gold
- 40m at 1.06 g/t gold
- 14m at 1.76 g/t gold
- 12m at 1.81 g/t gold
Mineralisation at the Kourouba Prospect remains open in all directions. The Company believes there is considerable potential to discover additional gold mineralisation with infill, extensional and deeper drilling.
The Company's initial drilling program will comprise ~2,500 metres of RC drilling. This will test for strike extensions of the known high-grade mineralisation within the centre of the soil geochemical anomaly. Drilling will also test for extensions of high-grade gold mineralisation at depth.
Background - Eagle Eye Metals Limited
Eagle Eye Metals Limited recently completed the takeover of 100% of the shares in unlisted Birimian Gold Limited. The Company now holds substantial interests in several highly prospective gold projects in Mali and Liberia in West Africa, a gold rich region which has produced in excess of 250 million ounces of gold from large, low cost mines. Eagle Eye is now aggressively exploring its projects.
About Eagle Eye Metals Limited:
Eagle Eye was formed in April 2005 as a metals exploration and development Company, principally seeking nickel, gold and other base metals.
Contact:
Kevin Joyce
Managing Director
Eagle Eye Metals Ltd
Tel: +61-8-9389-4450
Email: kevin@eagleeyemetals.com