Buffalo Begins Drilling at its Hannah Nickel-Copper Property in Western Australia and Appoints New Directorsadmin
Buffalo Gold Ltd. is pleased to announce that reverse circulation percussion drilling will begin this week at it Hannah Nickel-Copper-PGE property in Western Australia.
The initial drill program at Hannah will be comprised of at least 500 metres and will focus on the main target, part of a six kilometre long magnetic anomaly with a coincident gravity anomaly. First discovered by a major Australian mining company, the Hannah property was drill-tested but the single previous hole failed to reach the target depth. From geophysical modelling, the target depth has been estimated to be 450 metres.
Situated approximately 400 kilometres southeast of Kalgoorlie, the Hannah Project is located along a major structure, on the margin of the Fraser Mobile Belt with an interpreted Archaean Greenstone terrane to the east. Regionally the area has characteristics in the magnetics data that suggest it could contain several significant deposits hosted by mafic rocks. This is a similar setting to the Jinchuan Copper-Nickel deposit, one of the worlds leading nickel producers.
Buffalo has an exclusive option to acquire one granted and three exploration licence applications along the Fraser Mobile Belt that cover the Hannah target and five other significant targets in surrounding areas.
Buffalo’s Chairman, Damien Reynolds, said, “We are pleased to begin drilling at Hannah, in parallel with our ongoing activities at Mount Kare Project in Papua New Guinea.” Buffalo’s flagship Mount Kare property is being drilled concurrently as part of a pre-feasibility study.
Buffalo is also pleased to announce that Brian McEwen, P.Geol., and James Walchuck, P.Eng., have been appointed as directors of Buffalo Gold.
Mr. McEwen is Buffalo’s President and Chief Operating Officer and Mr. Walchuck has served on Buffalo’s Board of Advisors since February of this year. In connection with these appointments, John Park has resigned as a director.
Buffalo also reports that it has terminated its option to acquire an interest in the Red Property in northwestern B.C. in order to focus on is Australasian exploration portfolio.
Buffalo Gold, headquartered in Vancouver, Canada is actively engaged in exploring and developing mineral properties in Australasia. Management is dedicated to maximising shareholder value through growth strategies that emphasise careful opportunity assessment and vigilant project management.
On behalf of the Board of Directors of BUFFALO GOLD LTD.
Damien Reynolds, Chairman of the Board of Directors and Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy of this press release.
Contacts: Buffalo Gold Ltd. Julie Hajduk Investor Relations (604) 685-5492 or Toll Free: 1-888-685-5492 (604) 685-2536 (FAX) firstname.lastname@example.org