The company is exploring the 800-sq.-km Bissa and Zandkom permits, which cover a 22-km strike-length of the Sabce and Liliga shear zones.
By early May, 30 holes had tested the Bissa Hill deposit. Highlights from the first 16 holes include: 9.24 grams gold per tonne over 10 metres; 6.09 grams gold over a width of 20 metres; and 4.59 grams over 24 metres. Apart from these intersections, seven of the holes contained intercepts greater than 5 grams gold per tonne over widths ranging from 0.7 to 17 metres. All holes contained intercepts greater than 1.1 grams gold over a width of 2.25 metres.
The subsequent 13 holes returned such highlights as 34.5 metres grading 13.56 grams gold per tonne; 41.6 metres grading 5.43 grams gold; 29 metres grading 4.34 grams gold; and 20 metres grading 6.16 grams gold. A further eight holes assayed between 1.61 and 5.9 grams per tonne over widths of 4-26 metres.
The Bissa Hill deposit, estimated to contain about 90,000 oz. gold, is roughly 150 km southwest of
In 2001, it was estimated that the deposit had an inferred resource of 775,000 tonnes grading 3.75 grams gold from surface to a depth of 100 metres, based on a cutoff grade of 1 gram per tonne. The calculation did not take into account surface trenching.
Follow-up work by another company defined an inferred resource of 500,000 tonnes grading 5.8 grams gold per tonne to a depth of 50 metres, based on a cutoff grade of 3 grams per tonne.
Jilbey optioned the property from GEP Mines, a private company incorporated in Burkina Faso. It can earn a 60% interest in both permits by spending US$1.5 million over the next three years. Subject to specific conditions, the company can acquire up to a 90% stake in the properties.
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