For thousands of other reports visit RSC's Mineral Intellingence Map

African Gold Ltd.

opaxe

Summary

Project:

Agboville

Deposit:Agboville
Location:Cote D'Ivoire
Commodities:Gold
Date:8/15/2019
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:15-8-2019: African Gold Ltd. announces an Exploration/Drilling Update report for its Agboville deposit at the Agboville project. Drilling results incl. 9m @ 1.24g/t Au from 0m. Following the recent $4.5 million capital raise (net of costs) and listing of
Resources:x
CP/QP:[Overall Report]: Glen Edwards (Internal)
ABSTRACT:Following the recent $4.5 million capital raise (net of costs) and listing of African Gold Limited on the 14th February 2019 the company is fully funded to explore on its Agboville projects in Cote d’Ivoire. African Gold is the 100% holder of 1,400km2 of contiguous permits (two granted and two applications), located just 50 kilometres to the north west of the economic capital and largest city in Cote d’Ivoire, Abidjan. Permits are located within Birimian aged rocks which, in Cote d’Ivoire, host a number of significant deposits including: Barrick Gold Tongon mine (2.7 Moz); Perseus Mining Yaoure mine (3.4 Moz) and Endeavour Mining Ity mine (4.5 Moz). The location of licenses are shown in Figure 1. A 6,000 metre, 174 hole air core drilling program was completed in the quarter. The program was designed to provide a first pass assessment of the robust ~20 kilometre northeast trending gold-in-soil anomaly, of up to 4.1 g/t gold known as the Tyche Prospect1 . This wide spaced reconnaissance drilling program is considered successful and assay results are considered encouraging. The work has identified significant mineralisation in a number of holes that suggest a fertile structure capable of hosting economic mineralisation. Width and grades of intercepts are considered encouraging and suggest a large gold system. Results have now been received for all the holes. The program consisted of approximately 3.5 kilometers discrete heel-to-toe shallow drill traverses and provided useful insights into the project geology and style of mineralisation. This is the first ever drilling program conducted on the property which make the results even more significant.

Full Report

opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.

Full Report