Friday, April 12, 2013

Monteray Mining Starts Gold Drilling At Pepin, Burkina Faso

Monteray Mining (ASX: MRY) has kicked off 9000 metres of reverse circulation and aircore drilling at its Pepin North gold prospect in Burkina Faso to test multiple targets over three project areas.

This follows the receipt of all rock chip results from its recent detailed mapping program of both Pepin North and Pepin South.

Notable assays include 4.36 grams per tonne (g/t) gold, 3.51g/t gold, 3.4g/t gold and 2.42g/t gold.

Monteray has also received results from the recent auger drill program at Pepin North which confirmed cohesive anomalism over multiple areas that correlate with artisanal workings, the extensions of the highly productive Sebacé Shear Zone as well as the high grade rock chip samples now reported.

Detailed mapping of the Pepin North auger grid has confirmed the presence of abundant in-situ gold workings and mineralized quartz veins at contact between metasediment and magnetic basalt.

The geology of the targets and the litho-structural settings of the hard rock workings is similar to typical orogenic vein type deposits in Burkina Faso.

Seven areas have been highlighted for further investigation by air core drilling.

An area in the west of the drilled area shows a cohesive anomaly of 1.3 square kilometres located around artisanal workings while the area in the centre has artisanal workings developed over a length of 1.5 kilometres.

A result of 174ppb gold was returned from a hole to the south of these workings as the ground surface was too disturbed to allow the passage of the auger rig.

Pepin South

Following the success of Monteray’s maiden auger drilling program the company completed detailed mapping of the area which helped confirm drill targets.

The Pepin South auger program showed cohesive gold anomalism identified over broad areas and with a distinct north-easterly trend that parallels the main structural corridor and SebacĂ© Shear Zone that host High River Gold’s (TSX:HRG) 1.7 million ounce Bissa Mine.

The most significant anomaly with a strike length of 3 kilometres in the centre of the Pepin South auger-drilled area is in line with artisanal sites, but anomalism has also been picked up in areas with no past workings.

# Monteray Mining Group (ASX: MRY) has a portfolio of Western Australian mining tenements prospective for gold, and is acquiring a package of three licences which are subject to the grant of permit applications covering 416 square kilometres in central western Burkina Faso.

by Bevis Yeo 

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