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Medoro Announces Commencement of Drilling in Mali
TORONTO, May 8 /CNW/ - Medoro Resources Ltd. (TSX-V: MRS/AIM: MRL)
announced today that drilling has commenced on the eastern sector of the
company's Sindo property in Mali.
A first drilling phase is aimed at checking at depth the gold occurrences
contained within two highly anomalous areas in the vicinity of extensive
artisanal workings. The program consists of 20 diamond drill holes for a
planned total of 3,500 metres to check the continuity of a 1,500 metre long
anomaly (Koulouba and Kilotadacoun) and a 2,000 metre long anomaly at
(Belinimorokoulou, Dadjan, and Gontoule). Both geophysical anomalies are still
open to the north and south. In addition to diamond drilling, the company is
acquiring more geophysical data on a third area (Galala and Moussala) where
the higher concentration of artisanal mining workings is located.
Medoro Resources is a gold exploration and development company focused on
acquiring properties of merit for potential joint ventures with senior
producers. The company holds a 100% interest in the Lo Increible 4A and 4B
concessions in Venezuela and interests in eleven gold exploration areas in the
Republic of Mali. Additional information on the company can be found by
visiting the company's website at www.medororesources.com. Medoro's Nominated
Adviser for the purposes of AIM is Canaccord Adams Ltd.
(Ryan Gaffney/Robin Birchall), +44 (0) 20 7050 6500.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
For further information: Robert Doyle, Chief Executive Officer, (416)
603-4653, rdoyle(at)medororesources.com
(MRL)
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2006 MoneyAM© |
