- Amani Gold (ANL) has reported high-grade assays at its Peteku prospect in the Giro Gold project
- The company has recently completed reverse circulation drilling at Peteku
- In light of the significant results, Amani intends to drill a further 150 metres at the prospect
- Amani remains steady on the market today, trading at 0.3 cents per share
Amani Gold (ANL) has reported high-grade assays at its Peteku prospect in the Giro Gold project.
The company has recently completed a reverse circulation drilling at Peteku and it has returned with significant high-grade gold assay results.
Results include 3 metres at 3.18 grams per tonne of gold from 36 metres, 6 metres at 1.13 grams per tonne of gold from 62 metres and 1 metre at 3.39 grams per tonne of gold from 102 metres.
And, 2 metres at 1.53 grams per tonne of gold from 9 metres and 1 metre at 1.59 grams per tonne of gold from 55 metres.
Amani said the drilling targeted the near-surface gold mineralisation below a regional gold-in-soil anomaly.
The Giro Gold Project is located within the Democratic Republic of Congo in the moto greenstone belt.
The Moto greenstone belt is also home to Randgold and AngloGold Ashanti’s 16 million ounces Kibali Project, located just 35km east of the Giro Project, where production commenced in 2013.
The project area is underlain by highly prospective volcano-sedimentary lithologies in a similar structural and lithological setting as the Kibali gold deposits.
“RC holes PTRC001 – PTRC004 were completed at depths of 77m to 120m and all have successfully targeted near-surface gold mineralisation below a regional gold in soil anomaly,” the company said.
Due to the significant drilling results, Amani plans on drilling further at 150 metres in length.
This drilling will target mineralisation along the strike and deeper below the Peteku open pit.
Amani remains steady on the market today, trading at 0.3 cents per share at 1:08pm AEDT.