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Burey Gold Limited (ASX: BYR) is an Australian-based explorer with highly prospective drill targets in its key focus asset, the Giro Gold Project located in the Moto Gold Belt, DRC in West Africa.

The Giro Gold Project is located 30km from Randgold and AngloGold Ashanti’s 17Moz Kibali project in North East Democratic Republic of Congo (“DRC”), which produced 112,549oz gold during March 2014 quarter. The project area comprises two exploitation permits covering a total area of 610 km2 which has been the subject of historical gold mining.  First pass RC drilling completed recently identified gold mineralisation in two separate structures with significant results comprising 18m @ 7.8g/t Au, 23m @ 2.65g/t Au and 20m @ 4.15g/t Au. There is excellent potential for gold discovery at open pittable depths.

Both the Kibali and Giro projects occur within the Kilo-Moto Belt, one of the world’s principal greenstone belts which also host AngloGold Ashanti’s deposits to the east and Loncore and Kilogold deposits to the south. Approximately 50Moz of gold has been discovered in the Tanzanian portion of the belt since 1994. The Giro Project area is underlain by highly prospective volcano-sedimentary lithologies in a similar structural and lithological setting as the Kibali gold deposits. Both primary and alluvial gold was mined from two main areas, the Giro and Tora areas, during Belgian rule and today these areas are mined extensively by artisanal miners.

Share Price

Burey Gold Limited is listed on Australian Securities Exchange

$0.02AUD
0.000
(0.00%)

Share prices quoted - 20 minute delay.

Gold Price

Spot Gold

US$1,228.50/oz

02/10/2014 10:15AM

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