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Burey Gold Limited (ASX: BYR) is an ASX-listed explorer with its key asset, the Giro Gold Project, located within the significant under-explored Kilo-Moto greenstone belt in the north-east Democratic Republic of Congo (DRC) in Central Africa.

The Moto greenstone belt hosts Randgold and AngloGold Ashanti’s 17Moz Kibali Project, 30km east of Giro. Kibali produced 642,720 ounces of gold in 2015 and is targeting production of 610,000 ounces for 2016, confirming a favourable mining environment in the region. Randgold recently entered into a JV agreement on the Moku tenements between Giro and Kibali as it aims to acquire all prospective ground in the area.

Giro comprises two exploitation permits covering 610km2. The area was mined under Belgian rule and more recently by artisanal means.

Burey has defined a >200ppb gold-in-soil anomaly over 2,000m x 900m at the Kebigada anomaly, its most advanced prospect. Best results from drilling include:

  • 97m at 2.56g/t Au from surface
  • 47m at 4.13g/t Au from 25m, including 29m at 5.93g/t Au from 25m
  • 33m at 1.59g/t Au from surface and 56m at 2.39g/t Au from 64m including 9m at 5.20g/t Au from 66m
  • 23.5m at 3.07g/t Au from 0.5m, including 13.6m at 4.73g/t Au from 4.4m  
  • 21.0m at 6.06g/t Au from 0m and 69.6m at 1.67g/t Au including 39m at 2.3g/t Au from 94.9m

Gold mineralisation related to the Kebigada Shear Zone has been defined over 1,500m strike length. Burey’s drilling results show that gold mineralisation is open in all directions from surface down to depths exceeding 250m vertical metres.

The Company’s Douze Match target area produced exceptional gold results in June, with the first 10 RC drill holes being reported with best results including:

  • 2m at 196g/t Au from 12m and 15m at 255.6g/t Au from 15m, including 3m at 1260g/t Au from 15m, including 3m at 14.3g/t Au from 21m
  • 33m at 6.1g/t Au from surface including 3m at 34.7g/t Au in laterite
  • 12m at 21.2g/t Au from 3m
  • 7m at 5.2g/t Au from 30m in granites in contact shear zone

Detailed sampling and mapping across the project is underway, with further drilling to follow up these results expected to commence in coming months.

Share Price

Burey Gold Limited is listed on Australian Securities Exchange

$0.05AUD
+0.00
(0.00%)

Share prices quoted - 20 minute delay.

Gold Price

Spot Gold

US$1,323.20/oz

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