Burey Gold (ASX:BYR) seems to be on the right track to publish a meaningful maiden resource estimate at its Giro gold project in the Democratic Republic of Congo. The high-grade mineralization seems to start at surface and Burey drilled 97 meters of 2.67 g/t from surface with the drill hole ending in mineralization. Other holes intersected 24 meters at 1.99 g/t gold from surface and 6 meters at almost 23 g/t gold at a depth of just 7 meters.
This is extremely encouraging and the grade is excellent for what seems to be an open pit project located just 20 miles from Randgold’s (GOLD) Kibali mine. Burey’s land package is quite large with 610 square kilometers being licensed to the company, but unfortunately it will be very tough for Burey to create shareholder value as projects in the DRC are still heavily discounted.
> Click here to go to Burey Gold’s website
Disclosure: The author holds no position in Burey Gold. Please see our disclaimer for current positions.
