Amani eyeing “exceptional high-grade gold” at Gada Gold Project
Exploration continues at Amani Gold Limited’s (ASX:ANL) Gada Gold Project in the Democratic Republic of Congo (DRC), where the company has now commenced a detailed soil sampling program.
The program will consist of 3,338 samples over Priority One area in Gada tenements PR11816 and PR11817. Stretched across this tenement package are artisanal gold workings with gold currently being extracted from shallow pits by local miners.
This type of detailed soil sampling has been a successful exploration technique that has detected several gold deposits in the Moto Greenstone Belt, including Amani’s Kebigada and Douze Match gold deposits at the Giro Gold Project.
The Gada Gold Project consists of six Exploration Permits totalling of 1,831 square kilometres, in the north east of the Democratic Republic of Congo within the Niangara, Dungu and Rungu Territories of the Haute Uele Province. It is located 80 kilometres east of Giro Gold Project and has similar geology and mineralisation styles.
Mineralisation is hosted in quartz veins and structures which are believed to be open at depth. Artisanal miners have mined quartz veins and associated structures at many places within the Gada Project area.
The artisanal miners typically mine high gold grades, but the miners have been unable to carry out mining below approximately 40m due to flooding and inability to dig through hard fresh rock.
Amani’s current program at Gada will consist of conventional soil sampling carried out on a nominal 200 X 100m grid for a planned total of 3,338 samples (62 Lines). The sampling will target gold mineralisation beneath thin surficial cover and the Arikazi, Mabanda, Mangbetu, Mbugo and Munguba artisanal pits.
Where mineralised outcrops are encountered during sampling, rock chip and stream sediment samples will also be collected. All samples will be sent to SGS Mwanza laboratory in Tanzania for multi-element assay.
Amani expect the priority soil sampling program to take up to two months to complete, with final multi-element laboratory assay results available shortly thereafter.
The company has completed a Memorandum of Understanding (MoU) with project owner SOKIMO to acquire the highly prospective Gada Gold Project, comprising six tenements in the DRC.
Amani’s Technical Director Mr Grant Thomas said, “Previous sampling of several known artisanal pits at Gada returned exceptional high-grade gold assay results. This soil program will cover most of these pits and is the start of systematic exploration of Gada. Detailed soil sampling has proven effective in locating gold deposits in this part of the DRC and we look forward to receiving and interpreting the assay results.”
Conventional diamond core and/or RC drilling will adequately determine depth extensions and widths of mineralised veins and structures within fresh rock.
Once the Priority One soil program has been completed reconnaissance soil sampling will be carried out over exploration tenements PR11816, PR11817 and PR11797 on a nominal 400 X 100m grid for a planned total of 22,904 samples and approximately and 92 drillholes.
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
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.