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Amani Gold Ltd.

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Summary

Project:

Giro

Deposit:Kebigada
Location:Democratic Republic Of The Congo
Commodities:Gold
Date:1/16/2017
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Pursuing Resources Definition
Report details:16-1-2017: Amani Gold Ltd. announces an Exploration/Drilling Update report for its Kebigada deposit at the Giro project. Drilling results incl. 105m @ 1.2g/t Au from 40m. Amani Gold Limited (ASX: ANL) (“Amani”) reports further results for one diamond hole
Resources:x
CP/QP:[Overall Report]: Klaus Eckhof (Internal)
ABSTRACT:Amani Gold Limited (ASX: ANL) (“Amani”) reports further results for one diamond hole and 10 RC drill holes for 1,402m which continue to confirm significant gold mineralisation from the infill drilling programme which has been completed at the Kebigada Prospect on its Giro Gold Project in the Moto Greenstone Belt, NE Democratic Republic of Congo (“DRC”). In addition, at Douze Match, the majority of results were reported for 2 shallow scout RC drill fences completed at Siona. Forty-two holes were drilled for 1,912m over the granite contact where the Belgians and more recently artisanal miners exploited a number of quartz veins and alluvial sediments. Best results were associated with highest grade soil anomalies included 6m at 1.52g/t Au from 3m (DMRC201) and 3m at 3.14g/t Au from 18m (DMRC205). All results will now be assessed in conjunction with field mapping to assess the path forward for Douze Match. It is possible that the previously reported exceptional grades were localised within a high grade mineralised chute which was developed where the NE trending structure intersected a NW trending structure. In addition, all high grade soil anomalies tend to have a strong NW orientation which is not observed in the field mapping and requires investigation. Commenting on these results from the infill resource drilling at the Kebigada target, Chairman Klaus Eckhof stated: “Infill drilling results have broadly been in line with expectations and additional depth drilling such as the diamond drilling at Kebigada confirms mineralisation extends to considerable depths. Intercepts of mineralisation as deep as 316m downhole is encouraging and supports the potential for defining additional resources at depth.

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