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2005 Exploration Program
Exploration began in Lugushwa in January 2005 and was focused primarily on the two kilometre-long, northeast trending G20/G21, D18/D19 and Mapale G7 prospect trend, where the Company is evaluating artisanal workings in oxidized, quartz veins and stockworks in quartz sericitic schists, as well as historical trenching and adits. During the course of the year, the Company completed 173 kilometres of gridding and 3,699 metres of trenching. A total of 3,871 soil samples, 4,294 trench samples and 834 rock samples were submitted for assaying. In addition, several targets were identified for the 2006 drilling program, which began in February of this year.
Trench results from the 2005 program are highly encouraging. Results received from the G20 prospect at Lugushwa included 70.5 metres averaging 4.90 g/t Au and 93 metres at 2.24 g/t Au. On the D18 prospect, results included 12 metres averaging 1.75 g/t Au and 29 metres at 1.30 g/t Au as well as 10 metres averaging 6.30 g/t Au and 16 metres at 1.93 g/t Au.
In addition, a total of 447 metres of trenching was carried out in Carriere A with the collection of 464 channel samples for analysis. Trench results received from the Carriere A prospect at Lugushwa include 25.6 metres averaging 2.81 g/t Au, 16 metres at 2.45 g/t Au and 12 metres grading 2.05 g/t Au. Meanwhile, the first trench at the newly discovered Kimbangu prospect intersected 39 metres averaging 8.67 g/t Au, including 25 metres at 11.76 g/t Au.
Soil geochemical results received during the year confirmed the known prospects and highlighted a prominent 2,000 metres long anomaly (>100ppb) from the Carriere A to the south of G20/21 prospects. This soil anomaly then turns northwards for a further 1,200 metres to the G20/21 and D18/19 prospects and then trends northeast for a further 1,300 metres to include the new Kimbangu prospect. The Carriere A and Kimbangu prospects represent new grassroots discoveries and are not associated with any previous mining activity. This mineralized trend identified from the soil geochemistry and trenching, which totaled 4,500 metres by year-end, remains open to the southwest.
Photos
Banro's administrative manager Desire Sangara at the Lugushwa camp |
Rock sampling on the G20-G21 Prospect |
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Banro's directors visit the Lugushwa property in February 2005 |
Gridding at Lugushwa |
Maps
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