Ampella strengthens its west african presence

26 July 2008 | 03:48 Code : 17788 Geoscience events
Ampella Mining Ltd has reported the signing of a binding Memorandum of Understanding....

Ampella Mining Ltd has reported the signing of a binding Memorandum of Understanding with Savadogo Mamoudou et Associes to acquire a 100% interest in five  new gold tenements totalling 811 square kilometres in the West African country of Burkina Faso.  The tenements are located along the major gold-bearing shear zone that marks the south-western extension of the Boromo Greenstone Belt.Completion of the agreement, through its 100% owned subsidiary, Ampella Mining Sarl, gives Ampella a total tenement holding over highly prospective gold and zinc bearing Birimian greenstone belts within Burkina Faso almost 2000 square kilometres.The five new tenement areas, collectively known as Batie West, are located along the 110 kilometre long sheared southwestern limits of the Boromo Greenstone Belt within Burkina Faso, bound by Ghana to the east and Cote d'Ivoire to the south.  The region is accessed from the capital Ouagadougou by sealed highway to Gaoua, a total distance of 290 kilometres in a straight line.  From Gaoua all weather gravel roads provide access to the permit areas.The Batie West tenements occur southwest of both Ampella's Donko Permit, and the major porphyry copper-gold discoveries of Volta Resources and Freeport McMoran Exploration at Gongondy and Dienemera.  Numerous historical gold occurrences are located along this 110 kilometre long regional shear zone within the new tenements, and currently up to 5,000 orpaillage (artisanal miners) are working selected artisanal sites.Each of these sites is associated with major gold-bearing structural shears that exhibit favourable orientations, alteration and gold mineralization.  Two grab samples from orpaillage workings on the Tiopolo Permit during an initial field reconnaissance assayed 10.1 g/t Au and 14.8 g/t Au respectively.Significant programs of work are planned to commence immediately across the five tenement areas.  Regional soil geochemistry and geological mapping campaigns have been designed and field crews organised to commence work.  A contract is pending with geophysical group, New Resolution, to undertake a close spaced airborne magnetics and radiometrics survey during August 2008.Considerable interest was shown in the Batie West region by a number of mining companies operating in Burkina Faso, but Ampella was able to secure the joint venture agreement largely because of its professional Burkinabe based senior management team led by Dr Morou Francois Ouedraogo

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