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Article Excerpt
Adit sampling results include 15 metres grading 5.02 g/t, 13 metres at 5.95 g/t and 24 metres of 2.22 g/t
TORONTO, May 26 /PRNewswire-FirstCall/ -- Banro Corporation ("Banro" or the "Company") (AMEX - "BAA"; TSX Venture Exchange - "BAA") is pleased to announce positive initial results from the ongoing adit sampling program on the Company's wholly-owned Namoya project, located on the Twangiza-Namoya gold belt in the Democratic Republic of the Congo (the "DRC"). Results include 15 metres grading 5.02 g/t from adit KK1200NE-W, 13 metres at 5.95 g/t from adit KK1240NS-W and 24 metres of 2.22 g/t from adit NS1.
A comprehensive mapping and adit sampling program commenced in February with the objective of mapping and resampling a proportion of the 103 adits, which total 8,530 metres along the 2.5 kilometre long Mount Mwendamboko- Kakula-Namoya mineralized trend, where Banro's independent geological consultant, Steffen, Robertson and Kirsten (UK) Ltd. ("SRK"), had previously outlined an Inferred Mineral Resource of 10,210,000 tonnes grading 3.6 g/t Au, equivalent to 1,170,000 ounces of contained gold (see the Company's press release dated February 28, 2005). This Inferred Resource estimate was...
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