EXPLORATION & DEVELOPMENT

Vital hits see drilling additions

High grade gold hits in Burkina Faso

Michael Quinn
Vital hits see drilling additions

Recent hits at Kollo South have included 13 metres grading 9 grams per tonne gold from 174m, with Vital’s drilling targeting mineralisation at drill depths of 150-250m.

Vital also reported that a track mounted RC rig was about to arrive at site to test the previously untested Kollo Hill.

Further drill results are expected later this month.

Vital started the current quarter with A$1.8 million cash.

Last month it appointed capital markets executive Francis Harper as its non-executive chairman, with Harper the founder of Blackwood Capital and the former chairman and major shareholder of successful ASX-TSX listed Burkina Faso gold company West African Resources.

Shares in Vital were trading this week at 1.1c, capitalising the company at $11 million.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.