In August 2021 Finfeed changed from a website that covered ASX listed news to a website
that covered a select range of ASX
listed small cap Biotech stocks that we are personally invested in: find out more.
The old Finfeed website, and all of the old articles are kept here for record keeping purposes.VISIT NEW SITE
Highly significant gold assays prompt further drilling at Amani’s Giro Gold Project
2 minute read
Amani Gold (ASX:ANL) today announced that further high-grade gold assay results have been returned from deep diamond drilling at its Kebigada gold deposit, Giro Gold Project.
The Giro Gold Project comprises two exploration permits (Douze Match and Kebigada) covering a surface area of 497km2 within the Kilo-Moto Belt of the DRC, a significant under-explored greenstone belt which hosts Barrick Gold’s 16 million-ounce Kibali group of deposits within 35 kilometres of Giro.
Diamond core drillhole GRDD035 has successfully targeted deeper high-grade sulphide associated gold mineralisation within the central core of Kebigada gold deposit and these assays are now the deepest yet at Kebigada.
The high-grade gold assay results were returned for drillhole GRDD035, which is now the deepest drillhole completed at Giro (546.5m). Significant results include:
- 10.5m @ 1.08g/t Au from surface
- 4.5m @ 4.63g/t Au from 31.5m (incl. 0.55m @ 27.3g/t Au from 32.45m)
- 38.5m @ 2.22g/t Au from 278m (incl. 3m @ 16.93g/t Au from 313m)
- 3m @ 1.96g/t Au from 477m
- 9m @ 1.89g/t Au from 484m (incl. 1m @ 12.9g/t Au from 487m)
These gold assay results, along with those from another previously reported Phase One hole, GRDD034, indicate the potential for the Kebigada deposit to substantially grow via targeted deeper and along strike drilling. To this aim, additional drilling has been planned, which Amani say may comprise a further four core holes, each 500m in length.
Phase One holes GRDD034 and GRDD035 are 240m apart and have both outlined high-grade gold mineralisation deeper than previously intersected at the Kebigada deposit.
Amani has previously outlined a gold resource at Kebigada of 45.62Mt @ 1.46g/t Au for 2.14Moz gold at a cut-off grade of 0.9g/t Au.
The company now say that a new updated resource estimate is now warranted based on the assay results from Priority One drillholes GRDD034 and GRD035, plus other previously announced drillholes that were completed post the Kebigada maiden resource estimate.
Amani’s Technical Director Mr Grant Thomas said, “The gold assay results from GRDD034 and GRDD035 are highly significant and confirm that high grade shoots are open at depth and along strike. We will plan further deep holes at the Kebigada deposit. An upgrade of the Kebigada resource estimate will also be completed.”