“Finding such high grade this early on the Douze Match anomaly suggests we have discovered a potential company-making prospect where we will now focus on testing along strike and to depth,” Eckhof said in a Burey Gold release to the ASX.
Results from Burey’s scout drilling at Douze Match were headlined by a hit of 3 metres grading 1260 grams per tonne from 15m depth.
Eckhof suggested the results were “particularly meaningful” because Douze Match is only 30km from Kibali project that hosts about 17 million ounces of gold.
Eckhof knows a thing or two about Kibali.
For it was Eckhof who previously put together Moto Goldmines, a DRC gold explorer that was discovering millions of ounces at Kibali when it was taken over in for about $US500 million by Randgold and AngloGold in 2009.
Douze Match is part of Burey’s Giro gold project covering 610 sq.km in the same region, a region that aside from Kibali also features significant historic and recent artisanal mining.
The shallow drilling is testing 1km of a 4km by 2.5km soil anomaly.
Next results are due early next month.
Eckhof will be promoting Burey in London next week.
Burey raised $A3.35 million in April by issuing shares at 2.8c.
Shares in Burey immediately soared 80% upon news of the results from Douze Match, though by mid-morning they had softened from that initial spike and were up about 40% at 5c. At that price the company is capitalised at about $42 million.
