IronRidge Resources - Exploration Update - Gold Projects, Cote d'Ivoire
Gold Projects, Côte d'Ivoire
Ø Detailed face mapping and sampling completed within 145 primary 'hard-rock' artisanal mining pits over a 16km strike for a total of 324 rock-chip samples inclusive of 144m of channel sampling submitted for assay at the Zaranou gold license ('Zaranou').
Ø 3,903m of aircore ('AC') drilling for a total of 115 holes completed over the highest priority coincident soil, trenching and auger anomalies defined at the Bianouan and Bodite gold licenses ('Bianouan' and 'Bodite').
Ø Multiple gold intersections including 2m @ 4.04g/t returned in trenching completed at the
Ø Soil sampling programme for a total of 5,129 samples completed over the Marahui gold license ('Marahui'); 30ppb to 2,500ppb soil anomalies over 2km strike and 100m width defined.
Ø Magnetics data confirms strike extension over 40km of a major
Ø In-country geological team strengthened, and new office facilities secured; streamlined operations with continuity and structure for future growth.
References to figures relate to this release visible in PDF format by clicking the link below:
Commenting on the Company's latest progress,
"We are pleased to report that field programmes continue to gather momentum within our Côte d'Ivoire exploration portfolio.
"The addition of national geologists has bolstered our in-house exploration team and we have secured new office facilities in
"Detailed face mapping and channel sampling of 145 primary 'hard-rock' artisanal mining pits over a 16km strike will provide valuable insights into gold mineralised structures where intensely, steep dipping sheared and brecciated quartz vein zones have been mapped at the
"We initiated and completed 3,903m of AC drilling before the onset of the wet season at the Bianouan and Bodite license areas to test the highest priority coincident soils, trenching and auger gold anomalies; assays are pending.
"Finally, we are advancing our Kineta-Marahui portfolio where trenching has returned encouraging initial trenching intersections including 2m @ 4.04g/t gold."
Exploration Project Updates
The Company has been diligently advancing its exploration portfolio in Côte d'Ivoire and provides herewith and update on activities.
Refer to RNS of
Refer to Figure 1 below for license areas reported on herewith.
Field teams have completed detailed face mapping and channel sampling over 15 large scale and 130 small scale artisanal pits for a total 145 primary 'hard-rock' artisanal mining pits within the north-eastern half of the Zaranou license. A total of 324 samples including 144m of channel sampling and Quality Assurance/ Quality Control ('QA/QC') samples have been submitted to the lab for gold assay.
Detailed face mapping of primary 'hard-rock' artisanal pits has provided valuable insights into potential mineralised structures, vein types and true mineralised widths pending receipt of assays (refer to Figure 2).
Bianouan and Bodite:
A total of 1,415m of AC drilling for 28 holes to an average of 50m depth was completed at Bianouan. Drilling was designed to test coincident soils, auger and trenching gold geochemical anomalies at depth.
At Bodite a total of 2,488m for 37 AC holes was drilled to an average depth of 30m to test the highest priority soil geochemical anomaly.
A total of 2,123 samples including QAQC samples have been submitted to the lab for assay.
At Marahui a total of 5,129 soil samples, including QA/QC samples, have been collected on initial 400m x 25m spaced lines and subsequently infilled to 200m and 100m line spacing across prospective trends.
Significant soil anomalies between 30ppb to 2,500ppb gold have been defined over broad NNE trending 2km strikes and 100m to 200m widths (refer Figure 4).
The Company is planning infill AC drilling fences at
At Marahui the Company will plan trenching or AC drilling to test the highest priority soil anomalies.
At Zaranou the Company is planning infill AC drill hole fences to test for mineralisation width and continuity within high-priority zones highlighted in channel and rock-chip sampling assay results. Concurrently, the Company is planning a drone survey for accurate topography in addition to detailed air photography.
At Bianouan and Bodite the Company is awaiting results of the aircore programme before planning the next steps.
The Board is delighted with the progress that the Company has made in 2019 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
Nominated Adviser and Broker
Tel: +44 (0)20 3004 9512
Competent Person Statement:
Information in this report relating to the exploration results is based on data reviewed by Mr
Notes to Editors:
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This information is provided by RNS, the news service of the
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