Birim drills to expand gold zone on Ghana property

Montreal-based Birim Goldfields (BGI-T) recently started a nine-hole follow-up drill program at the Chert Ridge prospect on its Cluster property in south-central Ghana where two gold zones have already been confirmed.

Two drill holes in Zone A intersected 10 metres grading 3.09 grams gold per tonne and 12 metres grading 2.88 grams gold per tonne along a 220-metre strike.

Zone B has a 500-metre strike. Drill results included included 10 metres grading 4.79 grams gold per tonne and 13 metres grading 6.84 grams gold per tonne, including 1 metre at 77.56 grams gold per tonne.

Birim hopes to extend the known mineralized zones along strike and at depth and will also do some scout drilling in hopes of uncovering two additional mineralized zones.

The new zones are located in the historic Santa Fe trench. A 3-metre intersection in Zone C graded 1.69 grams gold per tonne while a 6-metre intersection in Zone D graded 1.29 grams gold per tonne, including 2 metres at 3.37 grams gold per tonne.

Five reverse-circulation drill holes have been completed so far, however, Birim is currently waiting on drilling equipment for the remaining four holes, which require diamond tails to fully intersect the mineralized zone at depth.

The Cluster property is located in the Bui Belt a relatively under-explored gold belt similar to the Ashanti and Sefwi gold belts that Ghana is known for. Birim has 13 separate prospecting licenses in the area including the Tinga gold concession where a 7,900-metre drill program was completed on the Far East gold deposit.

Far East drill intersects included 7.1 metres grading 3.05 grams gold per tonne and 7.8 metres grading 4.89 grams gold per tonne. The grades defined a high-grade, shallowly plunging, thickening within the deposit with a minimum strike of 170 metres.

Birim has three exploration properties on Ghanas 20-million oz. Bibian-Sefwi Belt. The company also has a maximum 3.5% net smelter return royalty agreement with Golden Star Resources (GSC-T, GSS-X) for the Dunkwa property, which has a proven and probable reserve of about 1.5 million tonnes grading 4.53 grams gold per tonne, or 230,000 oz. of gold. Dunkwa also includes Anglogold Ashantis (AU-N, AGD-L, AGG-A, ANG-J) Mampon deposit which has a reserve of 1 million tonnes grading 5.16 grams gold per tonne. Mampon is scheduled to start production in late 2007.