Amani completes initial RC drilling Giro Gold’s Peteku Prospect
Amani Gold Limited (ASX:ANL) today announced that initial Reverse Circulation (RC) drilling operations have been completed at Peteku prospect, Giro Gold Project.
The Giro Gold Project comprises two exploration permits covering a surface area of 497km2 and lies within the Kilo-Moto Belt of the Democratic Republic of the Congo (DRC) — a significant under-explored greenstone belt which hosts Randgold Resources’ 16 million-ounce Kibali group of deposits within 35km of Giro.
Amani has previously outlined a gold resource at Kebigada within the Giro Gold Project of 45.62Mt @ 1.46g/t gold for 2.14Moz gold, at a cut-off grade of 0.9g/t gold. It has also previously outlined a gold resource at Douze Match within the Giro Gold Project.
Located approximately four kilometres southwest of Kebigada gold deposit, the Peteku prospect is an active artisanal gold mining site where the primary target for the artisanal miners is oxide gold hosted by quartz veins.
The Peteku pit is located within granite and mafic volcanic rocks with approximate dimensions of 50m X 40m and 20m deep. The Peteku quartz veins and structures strike east-west and dip steeply to the north.
The initial RC drilling operations (drillholes PTRC001 - PTRC004) completed at Peteku prospect, targeted near-surface gold mineralisation below a regional gold-in-soil anomaly.
The holes PTRC001 - PTRC004 were completed at depths of 77m to 120m and total initial drilling completed for 397m. The RC rock chip samples are now en route to SGS Mwanza laboratory in Tanzania for gold analysis and assay results are expected in November.
While at this stage a visual inspection only, review of the drillholes (PTRC001 - PTRC004) RC rock chips has outlined several intervals within each hole of alteration and/or sulphide mineralisation which is typically a good indicator of gold mineralisation at Giro.
Drillhole PTRC001 was collared in granite and drilled with an inclination of 60° and an azimuth of 180° and targeted near surface gold mineralisation.
PTRC001 intersected intervals of silica altered granite with pyrite mineralization from 43m to 71m and from 91m to 98m and an interval of quartz vein with pyrite mineralisation from 98m to 103m. This style of alteration and sulphide mineralisation of granite and quartz veins are typically good indicators of gold mineralisation at Giro.
Drillhole PTRC002 was collared in granite and drilled with an inclination of 60° and an azimuth of 180° and targeted near surface gold mineralisation.
PTRC002 intersected intervals of silica altered granite with pyrite mineralization from 54m to 58m and from 62m to 66m and intervals of quartz veins with pyrite mineralisation from 8m to 10m and from 83m to 84m.
This style of alteration and sulphide mineralisation of granite and quartz veins are typically good indicators of gold mineralisation at Giro.
Drillhole PTRC003 was collared in granite and drilled with an inclination of 60° and an azimuth of 180° and targeted near surface gold mineralisation. PTRC003 did not intersect intervals of silica altered granite or quartz veins.
Drillhole PTRC004 was collared in granite and drilled with an inclination of 60° and an azimuth of 180° and targeted near surface gold mineralisation.
PTRC004 intersected intervals of carbonate-silica-chlorite altered mafic volcanic with pyrite mineralization from 47m to 49m, from 53m to 57m, from 60m to 70m, from 82m to 87m and 96m to 99m and intervals of quartz veins with pyrite mineralisation from 99m to 101m.
This style of alteration and sulphide mineralisation of mafic volcanic and quartz veins are typically good indicators of gold mineralisation at Giro, specifically the Kebigada deposit.
While the information provided is based on a visual review and interpretation of drillholes PTRC001 – PTRC004, the actual assessment may vary from initial interpretation. Amani advises that if significant gold mineralisation has been intersected in these initial four holes, further drilling may comprise a further 25 RC holes, each nominally 150m in length for a total of 3,750m.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.