GREY:HRIVF - Post by User
Comment by
production05on Jun 30, 2010 10:47pm
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Post# 17236734
RE: AGM
RE: AGM
Excellent job in reporting on the AGM guys.
Hi Wabatch, about this comment:
He also said the 35 permits that HRG owns in Burkina Faso are very prospective--better than anything in Russia--and especially singled out the potential of the Banfora Group.
I looked at their new presentation on HRG`s site. It says that the Banfora Group is the Labola and Danfora permits.
Labola is the exploration property I posted about the other day. HRG drilled 18 holes (first phase drilling) in 2005. Of the 18 holes, visible gold was observed in 9 holes. The drill program established an 11 km strike length (just from first phase drilling alone). Essentially, they drilled the 18 holes with intervals of 500 metres (every half mile), and yet they still managed strong hits over 11 kilometres. The potential appears to be enormous here.
``High-grade gold intersections from the programme include:
- 65.2 g/t (1.9 oz/t) over 1 metre in hole LBR-004
- 20.7 g/t (0.60 oz/t) over 2 metres and 12.8 g/t (0.37 oz/t) over 1 metre in hole LBR-010
- 46.2 g/t (1.35 oz/t) over 1 metre in hole LBR-012
- 7.1 g/t (0.21 oz/t) over 5 metres in hole LBR-013
- 52.0 g/t (1.52 oz/t) over 1 metre and 8.4 g/t (0.25 oz/t) over 1 metre in hole LBR-014
- 32.0 g/t (0.93 oz/t) over 2 metres and 8.4 g/t (0.25 oz/t) over 1 metre in hole LBR-016``