OZ Minerals has entered into an exploration earn-in agreement targeting three newly identified base-metal prospects in Oaxaca state, southern Mexico. OZ is partnering with Acapulco Gold Corp., a private exploration company based in Canada that has significant experience and a discovery track record in Mexico. OZ will make a first-year in-ground expenditure of $450,000 on detailed geological mapping, geochemistry, and geophysics. Drilling is expected to begin in the second half of 2017.
Roxgold Inc. has reported a large number of high-grade intercepts from drilling at the Bagassi South deposit less than 2 km south of its flagship Zone 55 underground gold mine on its Yaramoko property in southwest Burkina Faso. Highlights from Bagassi South include 78.9 g/mt over 2.3 m in one diamond drill hole and 220 g/mt over 1.1 m in another. The drilling program totaled 29,160 m in 134 holes.
Mawson Resources has discovered a new zone of gold mineralization at the Raja prospect on its Rajapalot project in northern Finland. Intercepts include 27 m at 3.3 g/mt gold from 64 m, including 8.8 m at 7.5 g/mt gold from 82.2 m. The prospect has an established strike length of at least 200 m and remains open.