PriceSensitive

Amani Gold (ASX:ANL) shares soar as “extensive” gold mineralisation is confirmed at Kebigada

ASX News, Materials
ASX:ANL      MCAP $25.14M
08 August 2022 11:10 (AEST)

This browser does not support the video element.

Amani Gold (ANL) has intersected “extensive” gold mineralisation at the Kebigada deposit within its Giro gold project in the Democratic Republic of Congo.

The latest assays came from diamond drilling, where three holes aimed to target depth extensions and high-grade gold mineralisation.

The company said the results confirmed a very broad and consistent zone of gold mineralisation within the Eastern zone of the Kebigada ore body.

One of the best results came from the hole named GRDD040, which hit 400.8 metres at 0.57 grams per tonne (g/t) of gold from surface.

This includes an intercept of 95.88 metres at 1.24 g/t of gold from 220 metres.

CE0 Conrad Karageorge said the assays confirmed the grade and consistency of the Kebigada eastern ore body.

“These latest results further highlight the potential for Kebigada to become a world-class gold project,” he said.

The company is currently completing the eighth and final diamond drill hole as part of the current drill program.

Shares were up 50 per cent on the market this morning, trading at 0.2 cents each as of 10:40 am AEST.

Related News