Embracing the cyclical nature of the mining sector
LGN Holdings (BVI) Inc.
Artisanal workings up to 120m long & 30m deep
Soil sampling and trenching
24m @ 0.87g/t Au from trenching
Next Phase of Work:
Trenching, channel sampling & auger drilling
Joint Venture Partner:
The 28.5km2 Sebessounkoto project is located approximately 15km south east of the Diba project and hosts a 2.7km long gold in soil anomaly as well as a number of active and historic artisanal workings which are up to 120m long and 30m deep. Trenching results, undertaken by LSE listed Randgold Resources (LSE: RSS), which had a joint venture with Legend Gold Corp on the project, reportedly returned up to 0.68g/t Au over 61.4m. The joint venture between Legend and Randgold ended in 2016.
A regional soil sampling programme completed by previous owners of the project on a 500m x 250m (and in places 250m x 100m) grid identified a number of gold in soil anomalies. The programme was completed between 2005 and 2007 and along with subsequent auger programmes and termite mound sampling a 2.7km long northeast striking anomaly has been defined.
Ground induced polarisation (IP), high resolution resistivity + induced polarisation (HIRIP) and ground magnetics surveys were completed by Terra Tec Mali Sarl between 2006 and 2007. A regional airborne VTEM surveying was then completed by Geotech Airborne Limited in 2008 followed by a ground gravity survey.
The next phase of work at the Sebessounkoto licence is expected to include infill termite mound sampling, channel sampling of artisanal workings, trenching and infill auger sampling. The programme will aim to generate a number of priority drill targets.