Red Back Mining Inc. (TSX: RBI) has provided an update on the exploration at the Tasiast Gold Mine in Mauritania. Drilling has continued to expand the Greenschist Zone at West Branch. Recent results confirm the potential of this zone with the mineralized width of the Greenschist thickening to an 80+meter average.
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The company is currently estimated a new Resource and Reserve which will include all drill results to the date of December 31, 2009. The new Resource and Reserve is expected to be released in March of 2010.
The company is accelerating its exploration at Tasiast with Board approval received for an exploration budget of $22 million for the first half of 2010, which contains over 175,000 meters of drilling. 7 drill rigs are now on site at Tasiast and 2 further RC rigs are due on site by the end of February.
About Red Back
Red Back is an unhedged African focused gold producer. It owns and operates the Chirano Gold Mine in Ghana and the Tasiast Gold Mine in Mauritania.
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