African Gold (ASX:A1G) reports it has uncovered ‘massive’ gold mineralisation results from 2 exploration programs at the Didievi Project, located in Côte d’Ivoire.
The exploration program at the Blaffo Gueto and Pranoi prospects have confirmed and expanded on previous drill results from the project.
At Blaffo Gueto, African Gold intersected 10m @ 123g/t Au from 66m including 2m @ 613g/t gold in DRC334, and 17.4m @ 17g/t Au from 244m including 1m @ 216g/t Au in DDD0029.
Hole DDD001 intersected 83.3m @ 3.3g/t Au from 166.9m including 18m @ 12g/t Au, and DDD013 intercepted 88m @ 3g/t Au from 0m including 23m @ 9.5g/t Au. At Pranoi, the company intersected 12m @ 5.60g/t Au from 24m.
According to Resource World, around 30g/t Au is considered ‘high-grade’ and 5g/t Au is considered economically viable.
The company’s share price soared 20% to $0.090 as of 1pm AWST.
African Gold Managing Director Phillip Gallagher said the recently announced results of the exploration program at Didievi highlighted broad and ‘high-grade’ gold intercepts.
“The company has had an independent expert review those results and we are very pleased to announce a maiden exploration target for the Blaffo Gueto and Pranoi prospects within the project.
“The exploration target highlights that Didievi is a large underexplored gold system with the potential for multi-million ounces”
The exploration target highlights that Didievi is a large underexplored gold system with the potential for multi-million ounces. It is proximal to 3 existing gold plants making its development potential very exciting.
The maiden exploration target does not include new discoveries at the Kouassi and GCH01 prospects and along the Poukou trend, nor the potential of further discoveries in the broader Blaffo Gueto area itself.
We are excited by the potential of the Didievi Project and look forward to recommencing exploration at the project later this year.”
Resource Estimation Specialist Marat Abzalov said the level of geological knowledge the African Gold geologists have reached at the project, coupled with the drilling results has allowed the company to assess the exploration potential of the project and estimate the exploration target.
“The review also shows the upside in depth and down plunge extensions of the gold lodes and identifies the new high-grade intersections around the main gold lodes, representing potentially new discoveries.
“The results indicate that with more drilling, all of the new discoveries will contribute to the growth of the project endowment. The company will work on the drilling required to enable African Gold to estimate a maiden mineral resource that will conclusively quantify the potential of the project.”
African Gold intends to commence additional exploration at both prospects in the upcoming dry season to test the validity of the exploration target, and to assess potential extensions of the mineralised target zones.
The program is currently planned to include a reverse circulation (RC) drilling program over the prospect areas and potential extensions, a topographic and additional mineral density testing.
The Didievi Project covers an area of 391km-square in the Oumé-Fetekro Birimian greenstone belt in the West African nation, Côte d’Ivoire.
African Gold is an Australia-based gold exploration company with 6 assets across West Africa.
These include the Didievi Project, the Agboville Project, the Konahiri Project and the Koyekro Project in Côte d’Ivoire, and the Kedougou Kenieba Inlier Project and the Syama Shear Zone Project in Mali.