Air Core Drilling has commenced at the Senala Gold Project, Senegal. According to Oriole Resources, a 10,000m air core (‘AC’) drilling campaign has commenced at the Faré target within its Senala project in Senegal, where joint venture partner IAMGOLD Corporation (‘IAMGOLD’) has the option to spend up to US $8m to earn a 70% interest. Initial results from the programme are anticipated in the fourth quarter of 2020.
According to Oriole CEO Tim Livesey, IAMGOLD has mobilised as quickly as possible, despite the restrictions imposed by the Covid-19 pandemic, and is now carrying out their planned 10,000 m AC drill programme which marks its third year of investment with Oriole.
“Prior to the signing of the JV earn in agreement by IAMGOLD, work at Faré had returned some very exciting intersects, including best intersections of 96.00 m grading 1.51 g/t Au and 7.00 m grading 86.39 g/t Au. We are therefore delighted to see the start of drilling at the Faré prospect, in the north of the Senala licence,” he said.
The areas potential
The footprint of gold anomalism extends in excess of six kilometres in the main trend, with several potential additional offsets of mineralisation identified by previous soil sampling programmes. Recent success by Chesser Resources on its Diamba Sud prospect just 10 km east, combined with historical drilling at Faré, confirms the prospectivity of the area and the potential for the discovery and development of a stand-alone mining project.
He further added that, the recent high level of successful exploration and coupled with very active M&A activity in the Kédougou-Kéniéba Inlier continue to support this area as a highly endowed and prospective gold district and we are particularly pleased to have been able to retain the 472 sq. km footprint of the Senala licence for a potential further 10 years. “We look forward to receiving results from IAMGOLD through this exploration season,” he affirmed.