Vancouver Drill results from St. Jude’s (SJD-V) Goulagou property in Burkina Faso, are outlining a bulk tonnage oxide resource that may prove mineable.
The company acquired the concession situated about 100 km west of the capital city of Ouagadougou, in late 2002 and has been churning out impressive numbers ever since. The property was previously worked by Channel Resources (CHU-T) in partnership with Placer Dome (PDG-T).
Highlights from the latest drilling in the oxidized zone include 32 metres of 2.02 grams gold per tonne; 26 metres of 2.16 grams; 34 metres of 1.66 grams; and 45 metres of 1.60 grams gold.
The GG2 zone has been traced over a strike length of some 1.6 km so far. Holes 56 through 79 returned 18 significant intersections from separate holes. Most of these are within 50 metres of surface.
The mineralization at GG1 appears to be contained within two parallel zones where drilling continues to determine the extent of the mineralization. Holes 80 through 113 returned 12 significant intersections also fairly near surface.
Baseline engineering studies are under way to prepare for the feasibility study including metallurgical testing. Preliminary metallurgical testing on oxide samples from the GG2 zone by the previous operator resulted in recoveries up to 95%.
The oxide ore may be amenable to heap leach mining techniques. The company is still deciding whether to purchase a partially refurbished heap leach gold plant that can produce up to 120,000 ounces per year.
Channel Resources had calculated a preliminary inferred resource in 1999 for GG1, GG2, Rounga and Sobona North zones which totaled 774,700 oz. gold which needs to be brought up to National Instrument standards.
The company is spending $1.5 million on the current phase of drilling and will spend another $1.5 million on engineering studies on the property.
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