THE GLOBAL SEARCH FOR GOLD SPECIAL — Carlin finishes auger drilling

Vancouver-based Carlin Resources (CLM-V) has completed a program of auger drilling on the 1,500-sq.-km Tera gold property in Niger, West Africa.

The property covers a 30-km section of the same sheer system as the nearby Koma Bangou project of Etruscan Enterprises and Echo Bay Mines. Earlier work on the property outlined a series of reconnaissance gold soil anomalies and coincident airborne electromagnetic anomalies over the sheer system, as well as on splays off the shear.

The 4-hole auger program was used to sample soil horizons below desert sand, along the main target shear zone. The drilling also sampled 1 metre of weathered bedrock to test for gold mineralization there. Assays are pending.

When work resumes in October, Carlin will complete the reconnaissance soil sampling of the 30-km-long shear, among other areas of interest. Any areas of anomalous gold will be soil-sampled on a tighter, 200-by-100-metre grid in preparation for trenching and drilling.

Carlin is carrying out its program at Tera in conjunction with Ashanti Goldfields (AHD-T). Ashanti holds an option to earn 51% of Carlin’s 90% interest in Tera in return for US$100,000 and a commitment to spend US$2 million on exploration work (which will fulfill Carlin’s obligations to the government of Niger, the holder of the remaining 10% interest). Ashanti must also fund and carry out work on the concession until completion of a feasibility study, and then arrange project financing.