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RSG $1.28

etruscan placement and finkolo jv, mali

  1. stolwyk

    22,691 Posts.

    Another one of RSG's well thought out schemes and involving a massive exploration effort to come in an area bordering that of the Syama Project.

    Nov10,2003:
    http://stocknessmonster.com/news-item?S=RSG&E=ASX&N=249302

    Extracts:
    "Under the terms of the option agreement, Resolute has until March 31, 2004 to carry out its due diligence investigation of the Finkolo permit and commit to the joint venture".

    The Finkolo Permit was originally held by BHP International as part of the Syama exploration lease. The permit is underlain by the same Birimian-age greenstone belt rocks which host all the major gold deposits of Mali including the 5.2 million ounce
    Syama deposit and the 5.6 million ounce Morila deposit.

    Sufficient work has been completed on Finkolo to confirm that the "Syama contact zone" is running across the entire permit for a distance of 22 kilometres".

    "In 1989 BHP drilled a total of 3,630 meters in twenty-one (21) holes along a 1.5-kilometer segment of the Syama Sequence called the Tabakoroni zone.

    All holes encountered significant gold mineralization, either in broad disseminated zones assaying from 1-6 grams per tonne gold up to 33 meters in thickness, or in more discrete 1-3 meter thick high-grade zones assaying 15-40 grams per tonne gold.

    Some of the better intercepts included 5.73 grams per tonne gold over 22.5 meters and 27.55 grams per tonne gold over 3 meters".
    _____________________

    Interesting stuff. I can't see RSG touching anything unless it is really worthwhile.

    We'll see.

    Gerry

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