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MetalsGrove Mining (ASX:MGA) has identified a new gold exploration target at the Zuénoula permit in Côte d’Ivoire, West Africa. Named the Fifty-Five Area, the new target has been identified by a northeast-trending alignment of four gold-anomalous soil samples extending over 2.4km within 10sqkm.
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Initial fire assay analysis returned a gold value of 23 parts per billion (ppb). Further samples are being transported for fire assay analysis this week.
MetalsGrove’s managing director and CEO, Lijun Yang, said this week work to date at Zuénoula has identified three exploration targets, which have been infilled with soil samples on 400 metres by 400 metres grids.
“The identification of a second gold target at Fifty-Five highlights the scale and growing prospectivity of our Zuénoula PR750 permit,” he told shareholders.
“With soil sampling already infilled on a 400m by 400m grid and with all assay results pending, we’re rapidly advancing this emerging target while continuing to expand the footprint of gold anomalism at Central Area.”
Elsewhere, recent Portable PPB results from the Central Area have extended the gold anomalous strike length to 3.4 kilometres, and the area of infill sampling increased to 20 square kilometres to capture the potential northeastern extension of this northeast-trending zone of gold anomalism.
“With all infill sampling completed, fire assay results will provide a more definitive assessment of gold tenor and support detailed 100 m by 50 m follow-up sampling aimed at planning drill targets,” Mr Yang said.
The Central Area has been defined as a northeast-trending alignment of seven soil samples with anomalous gold, MetalsGrove also said. Limited fire assay analysis of soil samples returned 49ppb gold and 49ppb.
The third target, South East Corner, is considered a favourable structural target along the contact of an interpreted elliptical granite, which has been covered by higher-density sampling, even though broad-spaced soil samples did not return anomalous soil assays.
Infill sampling of 400m by 400m has now been completed, with samples being transported for fire assay analysis this week.
MGA heads into Wednesday at 11.5cps.
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