Aug 26 2013
True Gold Mining Inc. is pleased to announce that a recently completed exploration program at the Company's Liguidi Project ("Liguidi") in Burkina Faso, West Africa has returned widespread near-surface gold mineralization and expanded the project's main gold-in-soil anomaly to 17 kilometres in length.
The exploration program included 3,680 metres of reverse circulation ("RC") drilling over a 1.8-kilometre strike length at the Lagaré's Zone ("Lagaré"), in the central portion of Liguidi's main gold-in-soil anomaly. Lagaré had returned highly anomalous gold in prior grab and trench sampling, and in rotary air blast ("RAB") and RC drill campaigns in 2012. The current RC program returned encouraging results, with mineralization intersected in 23 of 24 holes. Highlight results include:
- 5.81 g/t gold over 4.0 metres, in LMG-13-RC-041
- 3.91 g/t gold over 4.0 metres, in LMG-13-RC-034
- 2.23 g/t gold over 8.0 metres, in LMG-13-RC-048
- 2.12 g/t gold over 8.0 metres, in LMG-13-RC-037
- 1.05 g/t gold over 12.0 metres, in LMG-13-RC-046
- 1.00 g/t gold over 8.0 metres, in LMG-13-RC-056
"Liguidi exploration work continues to return extensive near-surface gold mineralization throughout the property, enhancing its status as a pipeline project with strong potential to contribute significantly to True Gold's long-term growth," said Dwayne Melrose, President and CEO, True Gold.
In addition to work at Lagaré, True Gold completed detailed geological mapping and geochemical sampling on the anomaly's four-kilometre southwest grid, collecting 3,539 soil samples in the area. A new zone of mineralization (Dayilba) was discovered during the course of the survey. It returned an average grade of 0.56 g/t gold to a maximum of 22 g/t gold from 195 grab samples, and extended the main gold-in-soil anomaly an additional four kilometres to the southwest for a total length of 17 kilometres.
"The results of this exploration program significantly expand the footprint of the gold mineralizing system at Liguidi and reinforce the potential to find further near-surface oxide gold throughout the property," said Ian Cunningham-Dunlop, Senior Vice President of Exploration, True Gold. "To date, we have only carried out focused exploration over a small portion of the overall Liguidi anomaly, with many priority targets yet to be drill-tested."