Birim announces initial diamond drill results and adds second drill to Ghana Gold Property.MONTREAL--(BUSINESS WIRE)--Jan. 8, 1996--Birim Goldfields n. 1. A small slender woolly annual (Lasthenia chrysostoma) with very narrow opposite leaves and branches bearing solitary golden-yellow flower heads; it grows from Southwestern Oregon to Baja California and Arizona; - it is often cultivated. (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. : BIRM BIRM Biological Immune Response Modulator BIRM Bridge Inspector's Reference Manual BIRM Beijing Institute of Radio Metrology and Measurement ) and joint venture partner Hemlo Gold Mines Inc. are pleased to announce assay results from the first diamond drill hole on the Mampon discovery on the Dunkwa Property in Ghana. Diamond drill hole BMD-1 returned an average 6.47 g/t Au from 0 to 61 metres (0.21 Oz/t over 200 ft) including an interval of 11 meters grading 14.46 g/t Au (0.46 Oz/t over 36 ft). These results also show very good overall correlation with the reverse circulation assays, proving this method to be an effective exploration tool on this property. Since BMD-1 was collared within the mineralised unit, its true width will only be known once assays for BMD-2, collared 50 metres to the west, and BMD-3, collared 50 metres to the south of BMD-2 are received later this month. Visual examination of the core from both holes shows important quartz and carbonate alteration, pyrite pyrite (pī`rīt) or iron pyrites (pīrī`tēz, pə–, pī`rīts), pale brass-yellow mineral, the bisulfide of iron, FeS2. and arsenopyrite arsenopyrite (är'sĭnōpī`rīt, ärsĕn`ō–) or mispickel (mĭs`pĭkəl), silver-white to steel-gray mineral with the metallic luster characteristic of a pyrite. , which are indicator minerals for gold mineralisation on the Ashanti Gold Belt. Diamond drill BMD-1 was designed to test the accuracy and ease of correlation of the reverse circulation drilling results with those of the diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral . As such, BMD-1 was oriented so as to twin Reverse Circulation hole BMR-14, which averaged 7.07 g/t Au over 59 metres (0.23 Oz/t over 194 ft). Furthermore, in the light of these latest results, the Joint Venture Partners have ordered a second diamond drill for the Mampon discovery area. This unit will be in operation on or about January 20. By virtue of an agreement signed on June 1, 1995, Hemlo Gold Mines Inc. has the option to acquire a 65 percent interest in the Dunkwa property by spending Cdn $7,000,000. over a period of four years. Birim is the Operator during the exploration phase and has the option of being carried through to full feasibility. Birim's common shares trade on the Canadian Dealing Network (CDN), Canada's national, over the counter market, under the symbol BIRM. CONTACT: Birim Goldfields Inc. Denis Denis, king of Portugal: see Diniz. Simoneau, 514/393-8611 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion