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Last €0.02 EUR
Change Today +0.001 / 5.26%
Volume 0.0
B7B On Other Exchanges
As of 2:42 AM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

burey gold ltd (B7B) Snapshot

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burey gold ltd (B7B) Details

Burey Gold Limited acquires and explores mineral properties and energy in West Africa. The company primarily explores for iron oxide, copper, gold, and uranium deposits. It holds interests in interest in the Giro Gold Project in North-East Democratic Republic of Congo; and the Balatindi project situated in Guinea. Burey Gold Limited is based in Subiaco, Australia.

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burey gold ltd (B7B) Key Developments

Burey Gold Limited Reports Consolidated Earnings Results for the Half Year Ended December 31, 2014

Burey Gold Limited reported consolidated earnings results for the half year ended December 31, 2014. For the period, revenue from continuing operations was AUD 12,640 against AUD 25,383 a year ago. Loss before related income tax expense was AUD 453,653 against AUD 6,915,212 a year ago. Net Loss for the half year was AUD 453,653 or 0.10 cents per share against AUD 6,915,212 or 1.95 cents per share a year ago. Net cash used in operating activities was AUD 331,847 against AUD 253,068 a year ago. Payments for exploration expenditure were AUD 1,370,039 against AUD 826,538 a year ago.

Burey Gold Limited Further Exploration Results Giro Gold Project in the Kibali Belt

Burey Gold Limited has received drilling results for a further 4 drill holes which reached planned depths at its Giro Gold Project in the Kibali Belt, NE Democratic Republic of Congo. The company has also received results for soil samples and channel samples from artisanal workings on the property. Further significant results for an additional 4 holes drilled on Line 5 reached target depths by using additional casing and continue to prove the potential of the project. GRRC067 reported 81m at 1.46g/t Au from surface including 9m at 5.86g/t Au from 54m and ended with a high grade intercept of 8m at 7.30g/t Au from 114m showing mineralisation is open at depth. Drill Highlights Au Drilling 1 | P a g e hole GRRC067 was successfully completed to its target depth. GRRC065 drilled to the northeast reported 21m at 2.67g/t Au from 36m. A previously reported hole on the same drill line returned 6m at 22.68g/t Au. Mineralisation has not been closed off in either direction on Line 5 where additional planned holes will be completed. Geochemistry Results were also received for channel samples collected from saprolite exposed in a number of artisanal primary workings. Significant channel sample results are shown in Figure 3 and include 4m at 6.5lg/t Au, 3m at 5.05g/t Au and lm at 38.4g/t Au from exposures within the area of current drilling; 5m at 24.3g/t Au 2 kilometres north of the area of drilling and lm at 81.8g/t Au and 4m at 21.74g/t Au at Peteku, west of current drilling.

Burey Gold Limited Commences Drilling at Giro Project

Burey Gold Limited announced that road access work to site has been completed and drilling has commenced at the Giro Prospect, Democratic Republic of Congo (DRC), and early results are expected in late November 2014. The initial 3,000m Reverse Circulation drilling programme will take four to six weeks and is testing the continuity of high grade mineralization intersected at Kebigada Shear Zone, within the Giro Prospect, down to 100m as well as continuity of mineralization to the northwest and southeast. Drilling will also confirm the true width of the mineralized zone expected to exceed 300m across the structure. The drilling programme will consist of 2,800m at Giro and 200m at Peteku to test for mineralization under previous Belgian high grade quartz vein mining. Significant results at Giro from previous drilling included 16m @ 2.50g/t Au; 18m @ 7.80g/t Au including 6m @ 20.63g/t Au; 23m @ 2.65g/t Au including 11m @ 4.55g/t Au; 7m @ 14.99g/t Au and 20m @ 4.15g/t Au.


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