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Microcap African Gold (ASX:A1G) saw its shares 7% higher in the second hour of Friday trades as it kicks off drilling at Didievi on the Ivory Coast.
The company is hoping to replicate a recent drill hit at the Blaffo Guetto target area of interest on-site, from which a 65m wide intercept at 5.6g/t gold was discovered.
Also exciting investors on Friday, perhaps, is that this 10,000m drill run is now African Gold’s largest to date (once complete, all cards in order.) Driving that excitement is that it isn’t just Blaffo Guetto on the company’s radar: it’s also looking at several other areas described as “underexplored.”
“As we’ve highlighted in previous releases, the Didievi Project is home to more than just the Blaffo Guetto deposit,” A1G CEO Adan Oehlman said.
“It also features several other highly prospective prospects, including the Kouassi, Proni, Yakabo and the Poku Trend
“This substantial drilling initiative provides us with a unique opportunity to test the potential extensions of our known resources at Blaffo Guetto, while also enabling us to follow up on regional targets.”
The Didievi Project has an inferred JORC resource of 4.93Mt of ore for 452,000oz of gold at a grade of 2.9g/t.
The company highlighted a series of other recent drill hits, including:
- 12m wide intercept at 4.5g/t gold
- 12m wide intercept at 5.6g/t gold
- 04m wide intercept at 13.3g/t gold
In between the lines, it’s clear African Gold management are hoping to boost up the existing mineral resource, not just locate new target zones of interest.
Speaking of management: Members are on-site in the Ivory Coast right now; the company reported an ‘enthusiastic’ local community on Friday.
A1G last traded at 6cps.
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