Amani Gold has success at Giro Gold Project

By Trevor Hoey. Published at Jan 6, 2020, in Mining

Amani Gold Limited’s (ASX:ANL) reverse circulation drilling operations (holes PTRC001 - PTRC004) at the Peteku prospect, part of the Giro Gold Project, has yielded significant high-grade gold assay results, prompting management to extend the current exploration program along strike and at depth.

The Peteku prospect is approximately four kilometres south-west of Kebigada gold deposit within Exploration Permit PE5046, and it is currently an active artisanal gold mining site.

The Peteku pit is located within granite and mafic volcanic rocks, and the primary target for the artisanal miners is oxide gold hosted by quartz veins.

The Peteku quartz veins and structures strike east-west and dip steeply to the north.

The artisanal gold mining site includes a pit with a perimeter of approximately 50 metres by 40 metres and a depth of 20 metres.

As indicated below, reverse circulation holes PTRC001 to PTRC004 were completed at depths of between 77 metres and 120 metres, and it is a positive sign that all have successfully identified near surface gold mineralisation below a regional gold in soil anomaly.

Exploration success prompts further drilling

The styles of alteration and sulphide mineralisation of mafic volcanic and quartz veins identified to date are typically good indicators of gold mineralisation at Giro, specifically the Kebigada deposit.

Best gold assay results from PTRC004 included 3 metres at 3.2 g/t gold from 36 metres, 6 metres at 1.1 g/t gold from 62 metres and 1 metre at 3.4 g/t Au from 102 metres.

Similar grades and widths were encountered at PTRC002, while PTRC001 featured a broad assay result of 8 metres at 1.2 g/t gold from 63 metres.

As significant gold mineralisation has been intersected in these initial four drill holes, a further drilling program of approximately 10 reverse circulation holes, each nominally 150 metres in length is planned.

This drilling will target mineralisation along strike and deeper below the Peteku open pit.

Deeper drilling could be rewarded as drilling to date has yielded high-grade mineralisation at depth as shown below.

View Our Investment Portfolios

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.

Publishers Notice

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.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!