Sangola exploration to move on to Gangara, Bandafassi prospects
JOHANNESBURG (miningweekly.com) – Following the receipt of assay results from the drilling programme completed on the Baraboye and Ibel prospects of gold exploration company GoldStone Resources’ 49%-owned Sangola project, in Senegal, exploration activities would now be focused on the Gangara and Bandafassi prospects, the company said on Tuesday.
GoldStone entered into a joint venture with LSE- and Nasdaq-listed Randgold Resources to explore, evaluate and develop the Sangola project, in April last year, with Randgold funding and undertaking the exploration up to and including the completion of a prefeasibility study.
GoldStone said the Baraboye and Ibel drilling results did not justify an immediate follow-up and, therefore, Randgold would now focus its activities on the other two prospects.
“The Gangara and Bandafassi prospects are of particular interest because they cover an area where Randgold, through its recently completed work programme, identified a previously unknown extension of the main transcurrent shear zone (MTZ) structure, which controlled the formation of Randgold's three-million-ounce Massawa gold deposit to the north-east,” GoldStone said.
"Exploration is ongoing and we are expecting Randgold's experience in this geological environment to firm up additional drill targets along the newly identified extension of the MTZ structure at Gangara and Bandafassi," GoldStone exploration director Dr Hendrik Schloemann commented.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Astore Keymak is one of South Africa’s leading suppliers of high-quality Thermoplastic Pipeline Systems, with branches in the major provinces.
VISIT SHOWROOM
We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
