ACCESS Newswire
09 Aug 2022, 08:19 GMT+10
GRDD040 - 400.8m @ 0.57g/t Au from surface
including 95.88m @ 1.24g/t Au from 220m
GRDD041 - 468m @ 0.43g/t Au from surface
HIGHLIGHTS
PERTH, AUSTRALIA / ACCESSWIRE / August 8, 2022 / Amani Gold Limited (ASX:ANL), (OTC PINK:BRYYF) ('Amani' or 'the Company') is pleased to announce assay results for three diamond drill holes completed at the Company's 4.1Moz Kebigada deposit.
Drilling was intended to target high grade gold mineralization within the existing resource area and depth extensions of the Kebigada central and eastern ore bodies.
GRDD040 and GRDD041 returned a very broad intersections of 400.80m @ 0.57g/t Au from surface (228 gram meters) and 468m @ 0.43g/t Au from surface (200 gram meters) respectively. These two holes confirm the broad and consistent gold mineralization in the Kebigada eastern ore body.
Assays results were returned for the final 146.67m of GRDD039, significant intercepts are listed in Table 2.
On the Drill Results, Amani Chief Executive Officer Conrad Karageorge commented:
'We are very excited about the latest results from our 2022 drilling campaign.
Holes GRDD040 and GRDD041 have each returned over 400m of mineralization, confirming the grade and consistency of the Kebigada eastern ore body.
These latest results further highlight the potential for Kebigada to become a world class gold project.'
1Intercepts calculated on an interval weighted average basis.
Figure 1 - Cross Section 1050N showing GRDD040 and the 2020 resource model blocks and Au (ppm).
Figure 2 - Cross Section 1000N showing GRDD041 and the 2020 resource model blocks and Au (ppm).
Drilling Progress
Amani has now completed 7 of the 8 diamond drillholes planned at the Kebigada deposit with the Company is currently completing drilling of the final hole GRDD043.
The goal of the diamond program is to test the continuity of identified mineralization along strike and down dip of the Kebigada Central Ore Body confirmed in previously drilled diamond holes and depth extensions of broad mineralized zones within the Kebigada Eastern Ore Body that were outlined in previous RC drilling completed in 2017.
Figure 3 - Map of 2022 Kebigada Diamond Drilling Campaign.
Figure 4 - Map of Giro Gold Project, showing Kebigada and Douze Match deposits, tenement, surface geology, prospect locations and diamond core drillholes GRDD034 and GRDD035 (Green).
About 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 DRC, a significant under-explored greenstone belt which hosts Randgold Resources' 17 million-ounce Kibali group of deposits within 35km of Giro. The nearby Kibali Gold Project produces more than 600,000oz gold per annum.
The Giro Gold Project area is underlain by highly prospective volcano-sedimentary lithologies in a similar structural and lithological setting as the Kibali gold deposits. Both primary and alluvial gold was mined from two main areas, the Giro and Tora areas, during Belgian rule and today. Giro Gold Project global resource for Kebigada and Douze Match deposits exceeds 4.4Moz contained gold; with a total Indicated and Inferred Mineral Resource Estimate of 132Mt @ 1.04g/t Au, for 4.4Moz gold (0.5g/t Au cut-off grade). The Kebigada resource followed diamond core drilling results which successfully targeted deeper high-grade sulphide associated gold mineralisation within the central core of the Kebigada deposit. Drillholes GRDD034 and GRDD035 are 240m apart and both outlined high-grade gold mineralisation deeper than previously intersected at the Kebigada deposit. These gold assay results and the current Kebigada MRE indicate the potential for the Kebigada deposit to substantially grow via targeted deeper drilling along the entire strike of the orebody.
Figure 5 - Map of Haute Uele Province of the Democratic Republic of Congo, showing the location of the Kebigada and Douze Match gold deposits and tenement, Giro Gold Project.
1 See ASX Announcement titled 'Kebigada Mineral Resource Estimate Exceeds 4Moz Gold Milestone' dated 19 March 2020.
(significant figures do not imply precision and rounding may occur in totals)
1 See ASX Announcement titled 'Kebigada Mineral Resource Estimate Exceeds 4Moz Gold Milestone' dated 19 March 2020.
(significant figures do not imply precision and rounding may occur in totals)
This ASX announcement has been authorised for release by the board of Amani Gold Limited.
-ENDS-
For more information contact:
Mr Conrad Karageorge
Chief Executive Officer
+61 8 8186 3002
[email protected]
Website: www.amanigold.com
Competent Person's Statement - Exploration Results
The information in this report that relates to exploration results is based on, and fairly represents information and supporting documentation prepared by Mr Ross Corben, a Competent Person who is a fellow of the Australasian Institute of Mining and Metallurgy. Mr Corben is an independent consultant. He has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves'. Mr Corben takes responsibility for the drill hole data that underpins the Mineral Resource estimate. Mr Corben consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
Competent Person's Statement - Mineral Resource Estimate
The information in this Report that relates to Mineral Resource Estimates for the Kebigada deposit is based on information compiled by Mr. Arnold van der Heyden, who is a Member and Chartered Professional (Geology) of the Australian Institute of Mining and Metallurgy and Managing Director of H&S Consultants Pty Ltd and released on the ASX Platform on 19 March 2020.
Mr. van der Heyden has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' (JORC Code). Mr. van der Heyden consents to the inclusion in this report of the matters based on the information in the form and context in which it appears.
Forward Looking Statements
Statements regarding the Company's plans with respect to its mineral properties are forward-looking statements. There can be no assurance that the Company's plans for development of its mineral properties will proceed as currently expected. There can also be no assurance that the Company will be able to confirm the presence of additional mineral deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of the Company's mineral properties.
Previous Disclosure - 2012 JORC Code
Information relating to Mineral Resources, Exploration Targets and Exploration Data associated with previous disclosures relating to the Giro Goldfields Project in this announcement has been extracted from the following ASX Announcements:
Copies of reports are available to view on the Amani Limited website www.amanigold.com. These reports were issued in accordance with the 2012 Edition of the JORC Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.
SOURCE: Amani Gold Ltd.
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