A diamond drilling rig at the Blaffo Gueto prospect. Source: African Gold
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Junior explorer African Gold (A1G) kicks off a drilling program across some key prospects at its Didievi Project in Cote D’Ivoire, West Africa
  • The company plans to complete 3000 metres of diamond drilling at the Blaffo Gueto and Pranoi prospects to follow up on historical and recent drilling results in the area
  • African Gold also plans to kick off a reverse circulation (RC) program at the Blaffo Gueto prospect in February
  • The Didievi Project lies in Cote D’Ivoire’s Oumé-Fetekro Birimian greenstone belt, which is home to several gold deposits of more than one million ounces
  • Shares in African Gold closed 4.76 per cent lower this afternoon at 20 cents each

Junior explorer African Gold (A1G) has kicked off a drilling program across some key prospects at its Didievi Project in Cote D’Ivoire, West Africa.

The company will complete 3000 metres of diamond drilling at the Blaffo Gueto and Pranoi prospects in the project area.

African Gold CEO and Exploration Manager Glen Edwards said this program was designed to follow up on historical and recent drill intercepts at the prospects.

“The objectives of the program are threefold: follow up historical and recent thick, high-grade drill intercepts; test the potential size of the system by targeting down-dip and strike extensions to known mineralisation; and develop a predictive genetic model for mineralisation,” Mr Edwards said.

He added that reverse circulation (RC) drilling was scheduled to kick off in February this year, and this drilling will continue to test high priority targets in the Blaffo Gueto area.

Moreover, African Gold has also kicked off trenching across nine prospects in the project area on the back of a recently-completed regional program that showed the effectiveness of that exploration method.

“Areas of limited depositional cover means that trenching can be a quick and cost-effective way of providing a preliminary assessment,” Mr Edwards said.

The Didievi Project lies in Cote D’Ivoire’s Oumé-Fetekro Birimian greenstone belt, which is home to several gold deposits of more than one million ounces.

African Gold said previous exploration at the Blaffo Gueto prospect has returned hits including a 10-metre intersection at 123 grams per tonne (g/t) gold from 66 metres, which included a two-metre zone grading 613 g/t gold. Another hit included a 17.4-metre intersection at 17 g/t gold from 244 metres.

These results, among others, confirmed the presence of a 1.5-kilometre by one-kilometre gold system open in all directions.

At the Pranoi prospect, previous drilling has returned results including a 12-metre hit at 5.6 g/t gold from 24 metres and a 32-metre hit at 2.14 g/t gold from 68 metres.

Shares in African Gold closed 4.76 per cent lower this afternoon at 20 cents each. The company has a $24 million market cap.

A1G by the numbers
More From The Market Herald
Countplus (ASX:CUP) - Incoming CEO, Hugh Humphrey

" Hugh Humphrey appointed CEO of Countplus (ASX:CUP)

Investment services company CountPlus (ASX:CUP) has appointed Hugh Humphrey as the company's CEO, effective July 1.

" ASX employee tests positive for Covid-19

The ASX says an employee has contracted Covid-19.

" ASIC launches official investigation into ASX market outage

The ASX has confirmed today it is officially under investigation from the Australian Securities and Investments…

" ASX sheds more light on last week’s market tech failure

The Australian Securities Exchange has shed some more light on the nature of last week's market…