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Bassari Resources secures funding for Konkoutou drill program

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Bassari Resources secures funding for Konkoutou drill program

said April 8 thatit has raised A$510,500 for working capital and exploration, and plans to restartdrilling at the Konkoutou gold prospect within its Moura permit in Senegal.

The Konkoutougroup of prospects together have the largest and strongest geochemical gold-in-soilanomaly on the Bassari leases of the order of 5 kilometers by 5 kilometers.

Limited trenching,rotary air blast, reverse circulation and diamond drilling programs have previouslyidentified gold mineralized structures at the site, with results including 9 metersat 11.5 g/t of gold including 3 meters at 33.9 g/t of gold, and 50 meters at 2.5g/t of gold.

A 12-hole RCdrilling program totaling 1,000 meters is planned to follow up the encouraging resultsat Konkoutou.