Ghana Goldfields suspends drilling

The government of Ghana has suspended drilling at the Flagbase concession of Ghana Goldfields (GHN-V) pending the issue of permits by the ministry of forestry.

The 5,000-metre diamond drill program was shut down following the completion of only one 100-metre hole.

“We have our drill permit,” says company spokemsan Byron Coulthard. “What we do not have is a road permit to get up there.” The Flagbase concession is situated on a government-owned forestry reserve, and a permit is necessary before the company can build a road to the site.

Permitting, as well as other government business, has been delayed as a result of the country’s national elections.

“A number of companies are in the same boat as we are,” Coulthard explains.

Ghana Goldfields has since moved its drill rig to the adjacent Pampe concession.

Pampe is believed to contain part of the mineralized structure that runs through Flagbase and the Riyadh concession of International Tournigan (ITG-V). Drilling at Pampe is testing a quartz vein structure in a mineralized ridge.

Results are pending, though veins show gold values of up to 24 grams per tonne. The current program will outline the length and width of the structure at the Pampe South target in order to calculate a preliminary resource.

Drilling is also planned for the the Pampe North target.

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