- African Gold (A1G) has released the gold assay results from its maiden drilling program at the Faleme Project in Mali, West Africa
- During the program, the Perth-based junior explorer identified three new gold zones, alongside testing the two known zones on the site
- The TD and Damba Massa prospects, the target zones of the drilling, returned assays of one metre at 102.38 grams per tonne of gold at a depth of 56 metres,
- Other results include six metres at 3.08 grams per tonne gold from 116 metres, and five meters at 2.01 grams per tonne gold over 55 metres
- The company has nine exploration permits in the country, eight of which sit within the Kedougou Kenieba Inlier in Western Mali, a prospective gold belt in the country
- However, African Gold says the drill program only saw 30 of its 76 drill holes return significant mineralization results
- African Gold shares are steady today, trading for 10 cents each
African Gold (A1G) has released the gold assay results from its maiden drilling program at the Faleme Project in Mali, West Africa.
The junior miner was testing the project for the first time at depth in a shallow 76 drill hole program across the site.
African has identified two targets of interest at Faleme — the TD and the Damba Massa prospects.
The drilling also located three new mineralized systems within the project.
Results returned from the TD and Damba Massa prospects included one metre at 102.38 grams per tonne of gold at a depth of 56 metres, alongside 20 metres at 1.19 grams per tonne gold from 55 metres, including 4 metres at 4.4 grams per tonne gold from 59 metres.
Other results included six metres at 3.08 grams per tonne gold from 116 metres, and five meters at 2.01 grams per tonne gold over 55 metres
However, African Gold says the drill program only saw 30 of its 76 drill holes return significant mineralization results.
The company has nine exploration permits in the country, eight of which sit within the Kedougou Kenieba Inlier in Western Mali, a prospective gold belt in the country.
African Gold CEO Glen Edwards said he was “very encouraged” by the new discoveries from the drilling program.
“The hit rate is phenomenal … In addition to these, we have lots of smoke, both at base of laterite and in bedrock,” Glen said. “It’s early days and much more follow-up drilling is required.”
“We’ve only scratched the surface here and have not even started evaluating areas under cover were surface geochemical techniques are typically less-effective,” he continued.
African Gold shares are steady today, trading for 10 cents each at 12:04 am AEST.