The Moura permit covers a very prospective part of the Diale Formation of the Birimian Belt adjacent to the Senegal Mali Shear Zone (SMSZ) which hosts the large Loulo and Sadiola gold operations in nearby Mali.
Moura has been subject to exploration by the United Nations, the French Government (BRGM) and a number of private mining groups, including Bassari Resources Senegal. BRGM had identified 30 gold anomalies for follow up exploration. All of these anomalies have been located by Bassari Resources Senegal and a detailed geochemical sampling program completed. Infill sampling by Bassari Resources Senegal geologists has identified at least 7 extensive NE-SW trending anomalous zones, centred around Kawsara and Kawsara North (5 km strike length), Benajiggi (4 km long), Konkoutou (2 km long), Yoroya (1.5 km long and open to the north), Sambali and Bountou.
Moura is considerd a a highly prospective permit for detailed exploration.
"Covers a very prospective part of the Diale Formation of the Birimian Belt adjacent to the Senegal Mali Shear Zone (SMSZ) which hosts the large Loulo and Sadiola gold operations in nearby Mali."
At the Konkoutou prospect, trenching by UNDP (Soviet) geologists discovered 10 small isolated auriferous zones. Follow up sampling by the Bassari geologists confirmed the prospectivity of the area.
Bassari’s geologists logged and sampled 49 pits. All of the pits exposed quartz veins and quartz stock works. The abundance of pits allowed five profiles to be selected and constructed across the Konkoutou Hill and valleys to the east and west. Significant gold mineralisation was located in all five pit profiles. The mineralised zones suggested there could be a major east-dipping shear zone developed within the Konkoutou prospect. This zone was evaluated by RAB geochemical drilling and returned 20m @ 1.7 g/t Au. Konkoutou is a priority drilling target for Bassari.
Exploration drilling has returned high-grade intercepts from diamond drill hole DDM004 on Section L214750E (Figure 1). The results include 2m @ 20.9 g/t gold from 164 metres and 2m @ 10.9 g/t gold from 173 metres. The new results confirm continuity of mineralisation, which remains open at depth.
Previous significant drilling results returned from diamond drill hole DDM003 on Section L214950E where visible gold was identified in drill core include 9m @ 11.5 g/t Au from 161 m including 3m @ 33.9 g/t Au from 162m and 3m @ 3.9 g/t Au from 101m including 1m @ 10.2 g/t Au from 102m.
To date drilling has intersected gold mineralisation over a strike length of some 600 metres.
A total of 3240 metres in 40 RC holes and 1082 metres in 5 DD holes have been completed in the 2011/2012 drilling programs.
KonkoutoU North Prospect
The Konkoutou North prospect (approximately 2km north of Konkoutou) comprises a low hill made up of massive and locally brecciated milky quartz veins. The best results from trenching work (quartz vein channels) by UNDP geologists were 75 g/t Au and 110 g/t Au over widths of 0.5 metres. These high-grade results have been reconfirmed by Bassari geologists.
KonkoutoU East Prospect
Located 2.5km east of Benajiggi, the Konkoutou East prospect is defined by soil geochemistry over a 0.5km strike. Gold-in-soil values above the 25ppb contour peak above 600ppb. Yoroya is a RAB and RC drilling target.
Kawsara & Kawsara North
Kawsara is located 3km north of Yoroya. Kawsara and Kawsara North prospects define a NE trending zone of strong soil geochemistry over a strike of some 5km. Gold-in-soil values peaks above 800ppb. Trenching by Bassari has concentrated on a zone over a strike length of 800m and values returned included 3m @ 3.4 g/t Au, 2m @ 5.5 g/t Au, 5m @ 5.7 g/t Au and 3m @ 3.4 g/t Au. Kawsara is an RC drilling target.