Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Amani Gold (ANL) has intersected high grade gold zones at the Kebigada deposit within its Giro gold project in the Democratic Republic of Congo
  • The drilling aimed to test targets within the existing resource area and depth extensions of the Kebigada Central Ore Body
  • The company says hole GRDD039 has the potential to improve the overall feasibility of the project
  • Meanwhile, hole GRDD038 saw better results than the 2020 resource model and detected mineralisation outside of the existing resource
  • Shares are trading flat today at 0.2 cents each at 10:32 am AEST

Amani Gold (ANL) has intersected high grade gold zones in the Kebigada deposit within its Giro gold project in the Democratic Republic of Congo.

The drilling aimed to test targets within the existing resource area and depth extensions of the Kebigada Central Ore Body.

Hole GRDD038 intersected 60 metres at 1.28 grams per tonne (g/t) gold from surface, including six metres at 1.74 g/t gold from 30 metres and 6.5 metres at 2.76 g/t gold from 40.5 metres.

These grades were better than those seen in the 2020 resource model and detected mineralisation outside of the existing resource.

Meanwhile, GRDD039 also intersected high-grade mineralisation, with results of 59.99 metres at 2.35 g/t gold from 98.86 metres, including 3.4 metres at 8.85 g/t gold from 103.88 metres and 13.62 metres at 3.2 g/t gold from 142.23 metres.

CEO Conrad Karageorge said he was pleased with the results.

“We are very excited about the shallow high grade zone confirmed by GRDD039,” he said.

“The confirmation of this mineralisation has the potential to improve the overall feasibility of the Giro project.”

Assays results from the final drill hole will be released with the next set of drilling.

The company still has four diamond drill holes to complete as part of the current program.

Shares were trading flat today at 0.2 cents each at 10:32 am AEST.

ANL by the numbers
More From The Market Herald

" Great Boulder Resources (ASX:GBR) hits “spectacular” intercept at Mulga Bill

Great Boulder Resources (ASX:GBR) has received assays from the final two diamond holes drilled at the…
ResApp Health (ASX:RAP) - Managing Director & CEO, Dr Tony Keating

" ResApp (ASX:RAP) extends Medgate licence agreement in line with expansion plans

ResApp Health (ASX:RAP) has agreed to a 12 month extension to its commercial licence agreement with…
The Market Herald Video

" Indiana Resources (ASX:IDA) signs native title agreement to unlock exploration at Gawler Craton, SA

Indiana Resources (ASX:IDA) has signed a native title mining agreement with the Antakirinja Matu-Yankunytjatjara Aboriginal Corporation…
The Market Herald Video

" Titomic (ASX:TTT) sells D523 cold spray systems into Australian transport industry

Titomic (ASX:TTT) sells its first four cold spray systems into the Australian transport industry.