Livewire Exploration Watch

John Robertson

PortfolioDirect

West African Resources has reported wide intersections of particularly high grade mineralisation from a program of RC drilling within the M1 trend in the Tanlouka gold prospect in south central Burkina Faso. The strike of the high grade zone, now extended to 300 metres, offers the potential to reappraise what had been considered a lower grade heap leach development. Resource Base announced that a review of geophysical survey data from 1976 had highlighted prospects within the vicinity of shallow gold workings at Broula King in central NSW. The interpreted targets occurring at depth do not appear to materially alter the overall resource endowment. Inversion modelling of old data is inexpensive but does not take advantage of more recent technological advances. Impact Minerals is planning a follow up drill program of up to 5,000 metres of RC drilling at its Commonwealth gold and base metals prospect in central NSW to test geophysical and geochemical anomalies peripheral to historical workings including a large circular zone of siliceous alteration first recognised in July 2014 and linked to a potential extensive epithermal mineralising system.


John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...

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