IronRidge Resources - Multiple Large Scale Soil Anomalies at Zaranou
Multiple Large Scale Soil Anomalies Defined
Gold Target Corridor Extended to 47km Strike
Ø Multiple kilometre-scale gold soil anomalies defined at the
Ø Soil anomalies are along strike of the recently announced high-grade Aircore ('AC') drilling results, including 6m @ 15.11g/t gold and 22m @ 3.39g/t gold, zones of hard-rock artisanal workings and coincident with a major geophysical contact.
Ø Soil anomalies defined at >50ppb with individual results up to 6g/t gold in initial 800m line spacing broad spaced sampling grid. Soil program area covered some 152km2.
Ø Gold corridor with combined soil anomalous zones and hard-rock artisanal mining zones now defined over a 47km strike distance; large-scale system with significant strike extent.
Ø Significant 4km long soil anomaly defined along the southern margin of the Yakasse granite and coincident with historical drill hole collars located on the ground.
Ø Infill soil sampling to 400m line spacing now commenced to refine soil anomalies.
Figures and Tables referred to in this release can be viewed in the PDF version available via this link:
Commenting on the Company's latest progress,
"Broad spaced soil sampling has defined multiple kilometre-scale soil anomalies along strike from the recently announced high-grade AC drilling results including 6m @ 15.11g/t gold and 22m @ 3.39g/t gold.
"Soil anomalies are defined at broadly >50ppb gold levels with multiple individual soil results up to 6g/t gold; which is highly encouraging and continue to demonstrate significant scale potential with over 47km strike of gold anomalies defined that remains open to the north-east.
"The largest most coherent soil anomaly occurs in the south-west of the license area along the south-east margin of the Yakasse granite body and is coincident with historical drill hole collars located in the field.
"Soil anomalism is along strike from a 16km zone of hard-rock artisanal workings with recently announced high-grade AC drilling results including 6m @ 15.11g/t gold and 22m @ 3.39g/t gold and defines a 47km long zone of gold anomalism indicating significant scale potential of the mineralised system."
An initial broad spaced soil sampling programme at 800m line spacing has been completed along the strike length of the Zaranou license, and outside of the area of intense hard-rock artisanal mining where AC drill intersections including 6m @ 15.11g/t gold and 22m @ 3.39g/t gold were recently announced (refer RNS of
A total of approximately 2,900 first phase soil samples were collected and submitted to ALS Ltd's laboratory for gold analysis. All assay results passed internal quality assurance / quality control ('QAQC') protocols providing confidence in reported results. No soil sampling was completed within the 16km zone of intensive hard-rock artisanal mining due to the risk of sample contamination and the strong definition of mineralised trends from hard-rock artisanal workings visible within the drone imagery.
Assay results have defined multiple soil anomalies at broadly >50ppb gold levels with results up to 10.35g/t gold. Assay results include 10km scale soil anomalies defined within the license area.
Soil anomalies are defined adjacent and along strike from a 16km zone of hard rock artisanal mining and are coincident with a major geophysical contact defined in the recent aeromagnetic geophysical survey (refer RNS of
Over 20km strike of soil anomalism has been defined to the south-west of the zone of hard-rock artisanal workings and over 11km strike to the north-east for a total 47km strike of combined soil anomalies, gold occurrences and drilling intersections which remains open to the north-east (refer Figure 1 and Figure 2).
The most coherent and large-scale gold in soil anomaly defined to date, outside of the area of current drilling, occurs along the southern margin of the Yakasse granite and is coincident with historical drill hole collars located on the ground.
Infill soil sampling to 400m line spacing has commenced along the entire soil grid.
Assay results are pending for remaining AC traverses and deeper reverse circulation ('RC') holes, which will be announced when available.
Once all results are received and reviewed, the Company will plan follow-up exploration and drill programmes, further details of which will be announced in due course.
The drone survey continues to generate high-resolution imagery and topographic control to assist in exploration programme design and baseline studies.
To date, the drone imagery has provided a valuable insight into mineralised trends (refer RNS of
The Board is delighted with the progress that the Company has made in 2019 and 2020 to date, and looks forward to keeping shareholders updated as further news becomes available.
Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
For any further information please contact:
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Tel: +61 7 3303 0610
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Tel: +44 (0)20 3470 0470
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Tel: +44 (0) 1483 413 500
Tel: +44 (0) 207 871 4038
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Tel: +44 (0)20 3004 9512
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Competent Person Statement
Information in this report relating to the exploration results is based on data reviewed by Mr
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This information is provided by RNS, the news service of the
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