EXPLORATION & DEVELOPMENT

Burey resource next quarter

Gold project in DRC continuing to be drilled

Michael Quinn
Burey resource next quarter

Better hits included 31 metres grading 2.41 grams per tonne from 110m, with diamond drilling also confirmed mineralisation below depths of 200m.

Drilling is continuing and is expected to be completed this month.

Earlier this year brokerage Hartleys suggested Kebigada showed potential for a “multimillion ounce deposit”.

However while the news from Kebigada was good, Burey’s drilling at the Douze Match has been less successful.

Burey said “mineralisation at Douze Match appears more complex than initially perceived”, and the company was now looking at different geophysical methods to “understand structural complexities in the area”.

Burey, which is to be renamed Amani Gold, started the quarter with $A9.6 million.

Burey’s shares were recently trading at 5.4c, capitalising the company at $68 million.

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