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Orbis Gold pinpoints new gold targets in Burkina Faso  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 04/02/2013

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(MENAFN - ProactiveInvestors - Australia) Orbis Gold (ASX: OBS) has confirmed multiple high order gold-in-soil anomalies through infill soil sampling at the Bantou Prospect in southwest Burkina Faso.

Gold-in-soil anomalism grading at over 50 parts per billion extends over an area of around 3 kilometres by 3.5 kilometres.

An initial induced polarisation geophysical survey in the Bantou area has identified multiple chargeable resistivity anomalies coincident with soil anomalies.

As a further measure of the prospectivity of the new targets, the induced polarisation anomalism in the immediate Bantou Prospect area shows a strong correlation with the known, drill tested, distribution of gold mineralisation within the Bantou structures.

This includes reverse circulation drill intersections of 8 metres at 80.32 grams per tonne (g/t) gold from 36 metres, 9 metres at 16.79g/t gold from 91 metres, and 16 metres at 10.2g/t gold from 17 metres.

Linear northeastsouthwest trending structures defined within the Bantou induced polarisation survey area exceed an aggregate 5 kilometre strike length.

Exploration plan

Orbis plans to begin a program of reverse circulation and diamond drilling in the Bantou Prospect area this week to further drill test strike and depth extensions to the known Bantou structures, and provide an initial drill test of the coincident geochemical (soil) and geophysical (IP) anomalies.

Drilling to date on the Bantou Prospect has been limited to an 80 metre maximum depth, predominantly within a 600 metre strike length of the Bantou artisanal workings.

Two subparallel lodes have been identified in the Bantou area " the main structure and hanging wall structure. Mineralisation on both structures is open at the limit of current drilling.

The induced polarisation geophysical anomalies are open at the limit of the initial 2.3 square kilometre survey area.

Less than 10% of high order soil anomalies within the Dynikongolo permit, which covers the Bantou Prospect, have been tested by induced polarisation surveys to date.

Surveying is currently ongoing to cover additional high order soil anomalies across the exploration permit.


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