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Thursday, 23rd April 2009 (3149 views)

Mano River Resources has released details of its gold plans for 2009, including a bankable feasibility study for the underground mine at its New Liberty deposit in Liberia to be completed during 2010.

The new programme will target 100,000 ounces a year based on a current resource of 1.4 million ounces, comprising 13.533 million tonnes measured and indicated reserves based on grading at 3.18 g/t gold.

An initial 5,000m drilling schedule has been proposed for satellite deposits in close proximity to New Liberty, a shear zone hosted Archaean age gold deposit.

The New Liberty deposit is located on the Bea Mountain mining licence in western Liberia and the current resource estimate does not include results from a 2008 deeper drilling programme.

Luis da Silva, Mano president and chief executive, said: "Our 2009 drill programme will be intensively focused on strengthening Mano's gold portfolio through increasing confidence and expanding the resource."

Exploration and development company Mano River Resources is based in Toronto and is focused on projects in west Africa.

 

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