Monday 17th December 2018

Resource Clips

Channel reports Burkina Faso Gold Assays of 2.1 g/t over 70m

Channel Resources Ltd TSXV:CHU announced assay results from the Mankarga Zone of its Tanlouka Gold Project in Burkina Faso, West Africa. Highlights include 2.46 g/t gold over 38 metres (including 18.4 g/t over 4 metres), 1.18 g/t over 52 metres (including 17.1 g/t over 2 metres), 1.9 g/t over 32 metres (including 13.37 g/t over 4 metres) and 2.1 g/t over 70 metres (including 6.23 g/t over 14 metres).

President/CEO Colin McAleenan remarked, “Mankarga 5 is developing into what we expect will be an important deposit, showing a consistency and scale of mineralization that could rival some of the gold deposits that are now in development or already in production in Burkina Faso. We continue to delineate the zone with RC drilling on a nominal 100-metre by 50-metre pattern and expect to add core drilling in the near future to enhance our understanding of the deposit’s geology and structure as well as to infill drill the deposit ahead of a NI 43-101 resource estimate. The coring program will also provide definitive grade information for the deposit which will be especially important in areas where we believe a shallow water table has contributed to some gold losses from the RC drill samples.”

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Colin McAleenan

or Cyrus Ameli
CFO/VP Corporate Affairs

by Ted Niles

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