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Tuesday, 24th May 2005 (4648 views)

Gallery Gold has reported its drilling in Tanzania has produced even more positive results.<br/><br/>The company now feels that a significant increase will be made to the current resources at the Busolwa gold prospect of 279,000 ounces, according to Minebox.<br/><br/>Both infill and delineation drilling was used in areas that were thought to have possible open pit potential.<br/><br/>Results identified a western extension of known resources helping to support the case for a major open pit operation.<br/><br/>Drilling will now focus on near-surface deposits ready for the project feasibility study.<br/><br/>Discoveries also suggest that its second gold operation Buckreef-Rwamagaza will provide positive results, which it hopes to develop next year.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8577827"/>

 

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