Keras Resources discovers new outcropping mineralisation at Nayega project

Wednesday, 19 September 2018 16:25
Keras Resources discovers new outcropping mineralisation at Nayega project

(Togo First) - Keras Resources announced on Tuesday it has identified a new outcropping mineralisation at its Nayega manganese project in northern Togo.

Eight additional hectares have been discovered at Ogaro, few kilometers from the main Nayega deposit, the AIM-listed company revealed.

Samples taken from 14 wells with a 35-m depth to test Ogaro’s central mineralization area have shown positive results, according to Keras’ executives. They believe this new discovery show that Nayega holds more significant prospects. 

“The identification of a significant new area of outcropping mineralisation at Nayega further lays the foundation and increases our expectations for what we believe will become a new low capex, low operating cost manganese producer,” Keras Resources CEO, Russell Lamming, said.

The firm plans to immediately start phase I of its project which spans 100m x 100m. Quite content of its recent collaboration with local communities, on its recent 10,000 t bulk sampling testing programme, the firm will rely once more on local labor.

“We have now employed a team from the local community which has, to date, been involved in the preparation of the bulk sample site and will now move over to the Ogaro area to commence a pitting exercise,” Lamming added.

Keras Resources operates the Nayega project through its Togolese subsidiary, Société Générale des Mines (SGM), in which it owns an 85% stake.

Fiacre E. Kakpo

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