The Drilling Programme will be in two phases. The first 5,000 metres target extensions to the current resources and several new targets:
- Two newly defined targets immediately north and southwest of the Daramandougou resource pit shell respectively;
- Step-out drilling on the TT13 target, a significant new gold zone identified during 2022; and
- First-pass drilling on several other of the newly delineated targets in the Wuo Land 2 licence area.
Phase two will be a results-driven follow-on programme targeting the highest priority results from the first phase.
Indicated mineral resource estimate*: 5.41Mt @ 1.52g/t Au (264,000oz)
Inferred mineral resource estimate*: 6.93Mt @ 1.67g/t Au (371,000oz)
A subsequent 4,975 reverse circulation drilling program, executed by DFR during 2022 (see DFR announcement dated
Field exploration to date during the 2022-2023 dry season has concentrated on delineating and prioritising a number of newly discovered targets and progressing them to drill ready status
Within this corridor, historical and recent mapping and sampling combined with the widespread activity of artisanal miners has identified at least seven northeast-southwest trending shear structures with mapped strike extent of 15km to 25km.
The Drilling Program is summarised in Figure 1.
David J Reading,
DFR GOLD INC.
Join McGloin, CEO
Notes to Editors:
DFR Gold is a
In
Website: www.dfrgold.com
The Company's public documents may be accessed at www.sedar.com
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Additional Mineral Resource Estimate Disclosures**
- **Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues.
The Mineral Resources in this note were reported using CIM (2014) Standards on Mineral Resources and Reserves, Definitions and Guidelines and adopted byCIM Council . - ^ The quantity and grade of reported Inferred Resources in this estimation are uncertain in nature and there has been insufficient exploration to define this Inferred Resource as an Indicated or Measured Mineral Resource. It is uncertain if further exploration will result in upgrading the Inferred Resource to an Indicated or Measured Mineral Resource category.
- The Mineral Resource has been constrained by an open pit evaluation using a gold price of US$1900 per ounce, and then reported at a cut-off of 0.5 g/t Au.
- Contained metal and tonnes figures in totals may differ due to rounding.
Forward-Looking Statements:
This release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact in this release that address activities, events or developments that DFR Gold expects or anticipates will or may occur in the future are forward-looking statements or information. Often, but not always, forward-looking information can be identified by the use of words such as "aim", "aspire", "strive", "will", "expect", "intend", "plan", "believe" or similar expressions as they relate to DFR Gold. Forward- looking information is subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking information.
There are a number of important factors that could cause DFR Gold's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: the ability to obtain requisite regulatory approvals; the ability to finance the drilling campaign; commodity prices; the gold exploration and mining industry in general; the potential impact of the announcement on relationships; including with regulatory bodies, employees; suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; and compliance with extensive government regulation. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statement prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected.
DFR Gold cautions that the foregoing list of material factors is not exhaustive. When relying on DFR Gold's forward-looking statements and information to make decisions, shareholders should carefully consider the foregoing factors and other uncertainties and potential events. DFR Gold has assumed that the material factors referred to in the previous paragraph will not cause such forward looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this release represents the expectations of DFR Gold as of the date of this release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward looking information and should not rely upon this information as of any other date. While DFR Gold may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
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