The government of the West African country of Burkina Faso (formerly Upper Volta) has granted Exploration Loubel (ME) mining rights to a 314-sq.-km area.
The property is underlain by a north-south-striking shear zone which hosts a gold-bearing quartz vein stockwork.
Two geochemical anomalies, Dossi-Centre and Dossi B, have been identified from 132 alluvium gravel samples.
A 300-metre hole, previously completed by the United Nations, intersected 11 grams per tonne over 3.5 metres.
In addition to the quartz vein stockwork, the Dossi B zone contains a gold-bearing gravel deposit. The government estimates a grade of 2 grams gold per cubic metre, indicating reserves of 93,048 oz. gold.
Loubel plans to start gravel-sampling and drilling in December.
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