Birimian Gold (ASX: BGS) has kicked off a 4000 metre aircore drilling program to test the 12 kilometre long gold trend at the Dankassa gold project in Mali.
The drilling program is just another log in the exploration fire engulfing Mali, where the company is also looking to delineate high quality drill targets at the Korindji Gold Project in Mali, which is strategically wedged between some multi-million gold ounce mines.
These include the 13 million gold ounce Sadiola mine and the 4.5 million gold ounce Yatela mine.
Both the Dankassa drilling program and the Korindji work will be funded from the A$665,000 it had raised earlier this month by placing 19 million shares at A$0.035 to institutional and sophisticated investors in Australia.
The Dankassa program targets multiple high priority drill targets that will be tested for the first time and is aimed at finding economic thicknesses and grades of gold mineralisation along the trend.
Shallow aircore and auger drilling had identified the Dankassa trend with mineralisation intersected in wide-spaced, first pass drilling.
Results include assays of 6 grams per tonne (g/t) gold and 1.26g/t gold from augur drilling and thick, shallow drill intersections of 8 metres at 1.29g/t gold from 16 metres, 46 metres at 0.48g/t gold from 8 metres including 12 metres at 1g/t gold from 36 metres and 16 metres at 0.56g/t gold from 28 metres.
These results plus other work carried out over the past 8 months had convinced Birimian that significant bedrock gold mineralisation was present within Dankassa.
Corporate activity picking up in West Africa
Activity in West Africa has been picking up with Gryphon Minerals (ASX: GRY) picking up a 6.72% equity stake in West African-focused gold explorer Papillon Resources (ASX: PIR), giving it exposure to Papillon's promising Fekola gold project in Mali, West Africa.
The move complements its other strategic stakes including 13% in Tawana Resources (ASX: TAW) and 16% in Renaissance Minerals (ASX: RNS).
Other projects in the vicinity include Randgold Resources' (LON: RRS) 11.5 million ounce Loulo project.
Gryphon itself owns the Banfora Gold Project in Burkina Faso which has an Inferred JORC Resource of 29 million tonnes at 2.1g/t for 2 million ounces of gold and is the target of an aggressive A$30 million exploration program.
It is also continuing regional exploration on its other West African projects, including the Tijirit Gold Project adjacent to the Tasiast Gold Mine in Mauritania, and in Cote d'Ivoire and Liberia.