True Gold (TGM.V) has announced new drill results at its Karma project in Burkina Faso. Six of the nine drilled holes have encountered significant gold mineralization, and the best intercepts were found in two twin-holes which were drilled less than five meters from the previous holes. Those twin holes returned 1.91g/t gold over 70.5 meters and 0.89g/t gold over 42.5 meters. The new holes were less impressive, as the lengths of the intersected zones were much shorter.
These drill results indicate the Watinoma target might be exploited by trucking the ore to the planned central Karma processing facility.
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Disclosure: The author holds a long position in True Gold Mining. Please see our disclaimer for current positions.
