Each one in plain English, with the numbers worked through for a shareholder.
8 Nov 2012resource reserve update▲ GoodMajor
Published its first formal NI 43-101 resource estimate for the Kibi project - 278,000 ounces Indicated and 147,000 ounces Inferred gold across five deposits (Big Bend, East Dyke, Mushroom, South Ridge and Double 19) - putting a real, independently verified number on years of drilling.
Now dual-listed on the TSX and OTC Bulletin Board, reported Phase III diamond drilling results from Kibi's Central Granitoid body, including 27 meters grading 4.03 g/t gold.
Step-out drilling 700 meters southwest of the main Zone 2 area confirmed a new Zone 3 gold system at Kibi, including 30 meters grading 3.52 g/t (with 14 meters at 6.47 g/t) - extending the scale of the project.
Hit a bonanza-grade intercept at Kibi's Zone 2 - 39 meters grading 9.23 g/t gold, including 10 meters at 33.15 g/t - among the strongest results yet from the property.
Reported the first 15 results of a 50-hole Phase II reverse-circulation program on Kibi's Zone 2, including 6.29 g/t gold over 23 meters, confirming potential for both shallow heap-leachable oxide mineralization and larger primary gold at depth.
Trenching at the newly identified Ankaase Gold Trend, 19 km from the main Kibi project, confirmed a new "Ashanti"-style shear-zone gold system traced over 1.4 km, including 6.52 g/t gold over 4 meters - a second promising target beyond the flagship Kibi property.
Reported strong gold assay results from the remaining 10 holes of the 2008 program at Kibi, including 4.83 g/t over 7 meters and 2.11 g/t over 25.4 meters, plus encouraging trenching results - the company's flagship granitoid-hosted gold system taking shape.