Teranga VP Kathy Sipos on Senegal gold assays of 1.2 g/t over 130m
Teranga Gold Corporation TSX:TGZ announced assays from its Sabodala gold mine in Senegal, West Africa. Results include
1.2 g/t gold over 130 metres (including 7.2 g/t over 4 metres)
5.7 g/t over 3 metres
8.4 g/t over 2 metres
1.6 g/t over 45 metres (including 6.8 g/t over 3 metres)
3.1 g/t over 9 metres
1.1 g/t over 160 metres
1.2 g/t over 67 metres
1.3 g/t over 80 metres
1.6 g/t over 36 metres
VP Investor Relations Kathy Sipos tells ResourceClips.com, “In December 2010 we did an IPO and got listed on the TSX. We’re a spin out from Mineral Deposits Ltd TSX:MDM, which is an Australian company that had two significant assets, one being minerals sands and the other being a gold asset. They were more focused on the mineral sands, so they spun the gold asset out and brought in a new management team and formed a new company, Teranga. Our management team has worked together for a long time, some of us close to 20 years. Alan Hill, our Chairman and CEO, Richard Young, our President and CFO, myself and Yani Roditis, our VP Operations—we all worked at Barrick Gold Corporation TSX:ABX together. Alan was responsible for all the acquisitions that Barrick did, as well as the reserves and development of virtually all their projects from 1983 through to 2003. He more or less built seven mines on four continents. Together, we went to another company called Gabriel Resources Ltd TSX:GBU and were there for several years together and then were presented with this opportunity at Sabodala.
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