mining news
Canada’s Banro Corp has reported further re-
sults from the exploration and feasibility infill
core drilling programme conducted in the last
quarter of 2012 at its wholly-owned Namoya
project, located on the Twangiza-Namoya
gold belt in the DRC.
Assay results for an additional 18 core
holes drilled at Namoya have been received
since the previous drilling update in Novem-
ber 2012. Highlights include 39,60 m grading
21,48 g/t Au from 24,00 m (Hole NDD344);
39,60 m grading 21,48 g/t Au from 24,00 m
(Hole NDD344); and 25,20 m grading 2,93 g/t
Au from 18,00 m (Hole NDD343).
This drilling programme was undertaken
at Namoya with the objective of adding new
inferred mineral resources and upgrading the
previously inferred mineral resources to the
measured and indicated categories, so that
open-pit ore reserves can be determined as
part of the feasibility study, which is due to be
completed during the third quarter of 2013.
“While our primary focus remains the de-
velopment of the Namoya mine, these posi-
tive exploration results demonstrate the
continued upside potential at Namoya,” com-
mented CEO John Clarke. “In particular, we
are excited by the high grade intercepts at
the Filon B and Namoya Summit prospects
where the mineralisation remains open along
strike and at depth.”
Progress at the Namoya project continues
with improved access to site and delivery of
construction materials provided by the end of
the rainy season. It is expected that the load-
ing of the heap leach pads will commence in
early Q4 and provide for Namoya’s first gold
pour before year end.
On July 3, 2013, the Namoya project hosted
a visit by the Prime Minister of the DRC. He
was accompanied by a delegation consisting
of national and regional ministers, the Gov-
ernor of Maniema province, parliamentarians
Namoya drilling intersects high-grade mineralisation
A convoy of trucks on the road to Namoya in June this year (photo: Banro).
and many other dignitaries.
The project consists of one exploitation
permit covering an area of 172 km
2
and is
located approximately 225 km south-west
of the town of Bukavu. The project is being
developed as an open-pit heap leach gold
mine with anticipated average production of
124 000 ounces of gold per annum over a
seven-year mine life.
