Dankassa Gold Project
The Dankassa Project is situated on the east bank of the Niger River, in southern Mali, approximately 110km by road south of Bamako, the capital city of Mali. Access is by sealed road south of Bamako and then gravel tracks to the project area. The Sélingué Hydroelectric Power Station is situated about 56km to the south of the project area. The Sélingué-Bamako power transmission line passes within 5km of the project area.
The Dankassa Gold Project covers an area of 199km2 and consists of four research permits; Songoria, Makono-Dankassa, Sanankoroni and Manabougou. All permits are held 100% by Firefinch.
Reconnaissance drilling undertaken by Firefinch has defined an exciting new, 12km long, gold zone in the north of the Project area; the Dankassa Gold Trend. The Company believes there is considerable potential to discover economic gold mineralisation within the Project area.
Dankassa Gold Trend
The Dankassa Gold Trend is situated in the north of the Dankassa Project area. Aircore (AC) and auger drilling conducted by Firefinch has delineated coherent gold anomalies in bedrock over more than 12km of strike within the Dankassa Gold Trend. To date, two priority areas within the broader trend have been targeted for follow up drilling. Highly encouraging results have been returned, with broad zones of shallow gold mineralisation intersected in holes adjacent to, and directly along strike from, one another. Better results include:
- 8m @ 1.29 g/t gold from 16m
- 46m @ 0.48 g/t gold from 8m, including 12m @ 1.00 g/t gold from 36m
- 16m @ 0.56 g/t gold from 28m
- 12m @ 0.92g/t gold from 52m, including 4m @ 2.48 g/t gold from 60m
- 20m @ 0.84g/t gold from 24m
- 16m @ 0.41g/t gold from 8m
- 26m @ 0.34g/t gold from 24m
The integrated auger and AC drilling results define a very coherent bedrock gold anomaly within the Dankassa Gold Trend. To date the Company has investigated approximately 4km of prospective strike within the much more extensive 12km long trend. Significant zones of bedrock gold mineralisation have been intersected in drilling and the Company believes that there is considerable potential to discover economic thicknesses and grades of primary gold mineralisation within the Dankassa Gold Trend.