September 21, 2017

Pre-construction developments underway at Makabingui project

Makabingui Gold Project in Senegal. Photo/Courtesy of Bassari Resources

The pre-construction activities at the Makabingui gold project include the update of 2014 Feasibility Study operating costs by mining consultants, Mincore, and improvements to the accommodation camp and access to roads.

Bassari Resources will also commence tendering and awarding engineering and construction contracts for Makabiungui with immediate effect – aiming to deliver first ore to the plant by mid-2018.

The results to date of the Mincore study have confirmed the profitable high-grade production from the four high grade open pits in Phase 1 of the Makabingui gold project.

Bassari Resources released the details of the project development in the original feasibility study results in June 2014.

Update

A total of 4 534 m of reverse circulation drilling has been completed to date at the Makabingui gold deposit. An additional 1 480 samples were sent to Actlabs in Burkina Faso for gold analysis and have returned encouraging results.

Bassari Resources executive chairman Alex Mackenzie said “To date, a number of key milestone activities at the project have been met, most notably the finalisation of the Government Approvals, completion of funding terms and a successful confirmation and update of the 2014 feasibility study.

“All these achievements combined with the successful drilling programme will allow the company to continue pre-construction activities and tendering with immediate effect which is a significant step in delivering shareholder value,”  Mackenzie added.

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