Gold News

Banro reports positive gold results

Banro has today (August 23rd) announced positive results from the core drilling program at the company's Lugushwa project in the Democratic Republic of the Congo.

The current core drilling program of 65 holes has now been completed, with assay results now received for the final 11 core holes.

Among the highlights, Hole LDD060 intersected 192.80 meters grading 2.84 grams of gold per ton from 0.00 metres.

Hole LLD061 intersected 101.00 meters grading at 2.25 grams per ton from 0.00 meters including 8.20 meters grading at 13.42 grams per ton from 75.00 meters.

Another highlight saw Hole LDD059 intersected at 10.85 meters grading 3.95 grams of gold per ton from 91.15 meters.

A statement from Banro indicates that the drilling results are over a total strike length of 1,800 meters. Core holes were reportedly inclined at between minus 55 and 82 degrees and an average 101 meters in depth with a maximum of 352.91 meters down the hole.

A Canadian-based gold exploration company, Banro has four wholly-owned properties along a major belt of the Democratic Republic of the Congo.


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