Bogosu program well under way says Sikaman

The field program, on the Bogosu property, by Canadian Bogosu Resources, a Ghanain company jointly owned by Sikaman Gold Resources, and Denison Mines, is well under way, reports A. T. Griffis, Sikaman, president.

In the tailings area, about 50 fill-in vibracore drill holes have been completed. Extensive metallurgical tests are under way in Australia, with preliminary results expected by the end of the month. At that time a decision will be made whether or not to carry out a feasibility study.

In the old Marlu underground mine, a dewatering and underground sampling program is well under way. Access to the first level was prevented by caving. However, partial access to the second level has confirmed the validity of previous sampling. Calculations using previous data outlined proven reserves of 830,000 tons with an average grade of 0.25 oz gold per ton. Plans are to dewater the third and fourth levels for additional check sampling.

Drilling on two of the main alluvial prospects has yielded lower values than previously indicated. Drilling currently under way on a third prospect has yielded encouraging results, says Mr Griffis.

In the open pit targets, extensive underground channel-sampling, surface trenching and detailed soil geochemistry have been carried out on four main open pit prospects. Samples from these areas have been sent to Australia for metallurgical testing.

Sample assay results confirm previous work and indicate significant lenses of oxidized gold mineralization. Widths of these lenses vary from about 35 ft to 85 ft and have been traced on surface for distances ranging from 500 to 1,500 ft. Several remain open on strike and all are open down dip.

An agreement in principle has been reached among Sikaman, Denison and the International Finance Corp (ipc) of Washington whereby ipc will acquire a working interest in the Bogosu project. Mr Griffis says full details will be announced when available.