And just a short distance away is another emerging deposit. Is the market snoozing through the development of a major open pit operation (Tabakoto and Segala)?:
Semafo's drills turn in Mali
05/25/2000
Semafo (SMF-T) has begun a drilling program on the Segala gold concession in western Mali.
A program of 8,000 metres of reverse circulation (RC) drilling and 3,900 metres of diamond drilling
targets the Main, NW, Dar Salam and Moralia areas of the concession. The program also includes
detailed geological and structural mapping, trenching, geochemical sampling and ground geophysics.
All of the areas have seen intense activity in ancient and recent times. Some new targets identified by
Semafo will also be explored.
The program aims at:
testing the open-pittable resource of previously outlined shallow deposits;
testing deep, high-grade zones of the Main orebody; and
RC drill-testing geophysical anomalies.
In January, Semafo acquired a 75% stake in the Segala concession from Oliver Gold (OGO-V).
Oliver has reported a global geological resource, including both oxide and sulphide ores from all of the
zones, of 15.4 million tonnes grading 2.75 grams gold per tonne. This estimation was based on 69
diamond drill holes and 291 RC holes. |
