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Ann: Ampella confirms new gold zone at Konkera Ea, page-2

  1. 3,559 Posts.
    re: Ann: Ampella confirms new gold zone at Ko... Now thats the type of announcement we were waiting for - brilliant!!!


    Ampella Mining Limited (ASX: AMX) is pleased to announce that the final gold assays from the Phase 3 drill program at its Batie West Gold Project in Burkina Faso, West Africa, have been received and they confirm the existence of a new gold zone at Konkera East. A maiden JORC compliant resource is expected to be released in January 2010.

    At Konkera East, a new gold zone has been confirmed with significant intercepts from the Phase 3 drill program intersecting (in addition to those released on 20 November 2009):

    X 10m at 2.55 g/t gold from 7m in KNRC085
    X 8m at 2.38 g/t gold from 24m in KNRC069
    X 3m at 5.82 g/t gold from 86m in KNRC082
    X 6m at 2.52 g/t gold from 5m in KNRC074
    X 2m at 9.9 g/t gold from 75m in KNRC086

    Further intercepts from the Phase 3 drill program at the Konkera Prospect just received include:

    X 11m at 5.64 g/t gold from 89m in KNRC195 including 2m at 16.90 g/t from 95m
    X 12m at 2.65 g/t gold from 98 in KNRC189
    X 8m at 2.59 g/t gold from 14m in KNRC184

    See Figures 1 and 2 together with Table 1 for latest drill hole locations and assay results.

    The Phase 3 drill results confirm the presence of a new gold zone at Konkera East and continue to highlight the fact that gold mineralisation at the Konkera Prospect is continuous over a 3km strike length and providing further evidence that Ampella has uncovered a major new gold province at Batie West.

    Konkera gold mineralization remains open along strike to both the northwest and southeast, and at depth. All results from Konkera to date have been recorded within 100m of the surface with the grade tending to increase as drilling deepens. Ampella remains on track to release a maiden JORC-compliant resource for Konkera in January 2010.
    Planning has commenced for drilling of the next 100m vertical depth at Konkera.
    A 10,000m drill program is planned to commence in early 2010 at this prospect.

    Field programs continue at Batie West with auger geochemistry drilling currently progressing on the main shear zone within the Mabera and Gbingbina Permits, some 20 km north of Konkera. Ground geophysics has been completed at the Kouglaga Prospect (1.8 km north of Konkera) to assist the next major drill program of 5,000m beginning in mid January where previous drilling returned intersections such as 42m at 3.77 g/t gold over a 1km x 1km gold geochemistry anomaly.
    The emergence of the Batie West region as a major new gold province with the potential to host numerous significant gold resources has resulted from the implementation of well planned and executed field programs. Similar programs of work will continue over the next 12 months and will be well funded following the raising of an additional $16.5 million (ASX: 25 November 2009).
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