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Capital Drilling Plc

Sama Resources Results from first deep drill hole at Yepleu Project

In the first week of March 2019, the Company conducted a downhole geophysical survey at the first deep hole drilled in December 2018 (YE29-556043). The survey used a geophysical system called “Mise-a-la-Masse” to follow-up on the mineralized intersection announced February 14, 2019. The “Mise-à-la-Masse” method injects an electric current into a mineralized zone intersected by drilling. It aims to assist in delineating the mineralized zone and is based on mapping the distribution of electric potential lines measured on the surface or in boreholes. SAGAX Africa SA based in Ouagadougou, Burkina Faso, completed the survey.

In order to quickly test the combined Typhoon/Mise-a-la-Masse targets, Capital Drilling will mobilize a second drill rig to complement the one on the current 6,000-m drilling program designed to test high-conductivity targets defined by Phase 1 of the Typhoon survey. The drilling program is targeting semi-massive and massive polymetallic sulphide anomalies located between 600 m and 900 m from surface.

 

Capital Drilling Ltd (LON:CAPD) provide complete exploration and production drilling solutions to customers within the global minerals industry, with a focus on the African markets. In November 2018, the company commenced a 6,000 metre diamond drilling contract with Sama Resources in Côte d’Ivoire.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.