Bullman Minerals Intersects 40 m Grading 4.1 g/t Gold on the Siguiri Project, Guinea, West Africa
04 January 2014 - 1:00AM
Business Wire
Bullman Minerals Inc. (TSX.V: BUL) is pleased to announce assay
results from the first four drill holes completed on its Siguiri
Project located in northeast Guinea, West Africa (Table 1). The
Company started the drilling program towards the end of November
2013 and has drilled about 6,200 m of the total program (approx.
10,000 m) to date; assay results from these holes will be released
as they are received from the lab. Drill holes from the this
program along with historic drilling (38,235 m) will be used to
complete a mineral resource estimate for the Siguiri Project that
will be documented in a NI43-101 Technical Report in 2014.
Highlights
- All four drill holes intersected thick
intervals of near surface gold mineralization that include high
grade intervals.
- Drill hole SRC-002 intersected 44 m
grading 3.731 g/t gold including a higher grade interval of 40 m
grading 4.088 g/t gold.
- Drill hole SCO-003 intersected 55 m
grading 1.590 g/t gold including a higher grade interval of 9 m
grading 5.110 g/t gold.
- Drill hole SCO-001 intersected 50 m
grading 0.895 g/t gold including a higher grade interval of 12 m
grading 2.473 g/t gold and further down the hole 19 m grading 1.166
g/t gold with a higher grade interval of 10 m grading 2.059 g/t
gold.
- Near surface gold mineralization may be
amenable to open pit extraction and heap leach processing similar
to the nearby SAG mine located 30 km to the west, however
additional testwork is required to confirm this mining and
processing scenario.
Table 1: Drill results from the Shawn
deposit, Siguiri Project.
Hole ID1 Deposit
From (m) To (m)
Interval (m) Gold (g/t) SCO-001
Shawn 0.0 50.0
50.0 0.895 includes
9.0 21.0
12.0
2.473 includes
35.0 37.0 2.0 5.075
SCO-001
Shawn 68.0 87.0
19.0 1.166 includes
69.0 79.0
10.0
2.059
SRC-002 Shawn 9.0
53.0
44.0 3.731 includes
13.0 53.0
40.0 4.088
SRC-002 Shawn
83.0 87.0 4.0
0.676
SCO-003
Shawn 17.0 22.0
5.0 0.618
SCO-003 Shawn 63.0
118.0
55.0 1.590
includes 64.0 82.0
18.0 1.590 includes
89.0 97.0 8.0
0.791 includes
100.0 105.0 5.0 0.909
includes 109.0
118.0
9.0 5.110
SRC-004
Shawn 61.0 71.0 10.0
0.528
Note: true width of mineralized zone is
approximately 60% of interval width.
1S denotes Siguiri Project, RC denotes reverse
circulation holes and CO denotes holes pre-collared by reverse
circulation (approx. 120 m depth) and continued to the end of hole
by diamond drilling.
The first four drill holes of the current drill
program were collared on the Shawn deposit, which has been traced
for 1.0 km along strike by previous and current drill programs.
Mineralization varies from a few metres up to 100 metres in
thickness and has been tested by drilling to approximately 100
metres depth. Saprolite development is variable to depths of
approximately 60 to 70 m’s below surface.
Siguiri Project
The Siguiri Project covers a 248 square km area and is comprised
of three exploration permits organized into two concession blocks,
a North Block comprised of two permits and a South Block comprised
of a single permit. The project is underlain predominantly by fine
grained sedimentary rocks comprised of siltstone, argillite and
immature sandstones; felsic and mafic dykes are mapped in the
project area. A north to northeast shear zone that is over 60 km
long extends across both the North and South Block, and is host to
gold mineralization exposed in artisanal pits and trenches, and
intersected in drill holes. In the North Block, four deposits (FK,
Tinko, Shawn and Fadiougoula) are aligned north to south along part
(>16 km) of this shear zone; the Amina deposit is located along
a parallel structure 6 km to the west. Gold mineralization is
associated with moderately developed quartz stockworks and sheeted
veinlets that have been oxidized to depths varying from 40 to over
100 m. Mineralization is open along strike and at depth.
Laboratory Procedures
Reverse circulation and diamond drill samples are submitted to
SGS Mineral Mali Sarl in Bamako, Mali for assaying; the laboratory
complies with ISO 17025 and ISO 190111 operational and quality
control systems. The samples were analyzed by fire assay with an
atomic absorption spectrometry (AAS) finish after digestion in aqua
regia. The Company inserts Quality Control – Quality Insurance
samples (standards, duplicates and blanks) in addition to samples
inserted by SGS to monitor the analytical results of the
laboratory; samples inserted in this batch were within acceptable
limits.
Qualified Person
André C. Lambert, B.Sc. (Hons), EurGeol, MIMM is the Exploration
Manager for the Company and a qualified person as defined by
National Instrument 43-101. Mr. Lambert has reviewed and approved
the technical disclosure contained in this News Release.
About Bullman Minerals Inc.
Bullman Minerals Inc. is a Canadian based public company with a
focus on the acquisition, exploration and development of gold
properties in Guinea and neighboring countries of West Africa. The
Company owns two gold projects in the under-explored Siguiri Basin
of northeast Guinea, which is underlain by Birimian age rocks, the
host rock to most of the large gold deposits in West Africa. For
details on the projects, the reader is referred to NI43-101
Technical Report on the Siguiri and Balandougouba Projects, Guinea,
prepared by independent qualified person Michael B. Gareau with an
effective date of April 10, 2013 and available on SEDAR or the
company’s website.
For further information:
Bullman Minerals Inc.
“Peter Yue”
Peter Yue, CEO and DirectorTel: +1 604 998-7894
Some statements in this news release contain forward-looking
information, including without limitation statements as to planned
expenditures and exploration programs. These statements address
future events and conditions and, as such, involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by the statements. Such factors include
without limitation the completion of planned expenditures, the
ability to complete exploration programs on schedule and the
success of exploration programs.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or the
accuracy of this news release.
Bullman Minerals Inc.Peter Yue, +1 604-998-7894CEO and
Director
Bullman Minerals Inc. (TSXV:BUL)
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