DFR Gold Inc. Announces Completion of Phase 1 Resource Expansion Drilling programme at Cascades Project

May 25, 2023 | 2023, Corporate News, Investors News, Public News

Vancouver, B.C. (25 May, 2023) – DFR Gold Inc. (TSX-V:DFR) (“DFR” or the “Company”) is pleased to announce the completion of the first phase of a 10,000 metre drilling program (the “Drilling Program”) on the Cascades Project in Burkina Faso, West Africa as announced on 13 February 2023. The completion of 5,641 metres of reverse circulation drilling represents the latest part of a longer-term programme to systematically test exploration targets within the mineralised shear corridor at the Cascades Project.

Highlights of the recent drilling include:

  • 5,641 metres of Reverse Circulation drilled in 57 drillholes at five target areas
  • Two significant new zones confirmed with resource potential from first pass drilling at Sina Yar and Far East targets
  • Intersections at Sina Yar included 34 metres @ 1.83 grammes per tonne (g/t) of gold in CS23-RC077 from 50-84 metres
  • At the Far East target a wide mineralised zone with 48m@ 0.42g/t
  • Extension of the 2022 discovery zone from step-out drilling at the TT13 target

John McGloin, CEO of DFR Gold, stated: “These positive drilling results reinforce the potential scale of the gold resource at Cascades through the identification of new zones and further delineation of already identified areas. We are encouraged by the consistent mineralisation across the licence area and are undertaking further analysis to determine the optimal approach for the second phase of drilling.”

Background to the Drilling Programme

The recently completed programme at the Cascades Project is the first part of a planned two-phase 10,000 metre programme. This first phase targeted extensions to the current resources and several new targets (Figure 1):

  • Two newly defined targets immediately north and southwest of the Daramandougou resource pit shell western Zone extension, and Dara North respectively
  • Step-out drilling on the TT13 target, a significant new gold zone identified during 2022
  • First-pass drilling on three other newly delineated targets in the Wuo Land 2 licence area at Far East, Sina Yar and TT13-West

Phase two of the Drilling Programme will be a results-driven follow-on programme targeting the highest priority results from the first phase. Further reading – complete announcement

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