Arrow Minerals sets up for a big March quarter as it expands gold exploration program
AMD kicked off the first phase of its major exploration program on multiple high-quality targets in the Vranso Project in the December quarter.
Company
ASX:AMD
Arrow Minerals Limited is an exploration and development company focused on delivering long-term shareholder value through the discovery of economic mineral deposits. The company has implemented a systematic science-based exploration philosophy whilst remaining commercially nimble to ensure we capture and retain value.
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AMD kicked off the first phase of its major exploration program on multiple high-quality targets in the Vranso Project in the December quarter.
"Arrow is now pursuing an aggressive exploration campaign to define shallow gold deposits amenable to open pit mining in an area with excellent infrastructure within Burkina Faso,” says MD.
Following an intensive data collation campaign, Arrow intends to double down on a series of gold prospects at Vranso with an aggressive, multi-faceted exploration program.
Arrow now has access to over 1,200 square kilometres of contiguous exploration ground in the highly prospective gold-rich Paleoproterozoic Boromo belt in Burkina Faso.
The company is aiming to advance a portfolio of exploration projects to economic discoveries within a short space of time.
“We have consolidated an 80-kilometre extent of the Boromo Shear Zone that has primarily been explored for base metals, despite numerous indications of significant gold occurrences including artisanal workings and our discovery at Dassa,” s
Private company Electrostate Pty Ltd can earn up to 85% of Arrow’s Malinda lithium play while the ASX-lister pursues its gold and base metal opportunities in Western Australia and Burkina Faso.
The mineral explorer has identified a gold trend that extends over 7.5 kilometres and remains open in all directions within its 1,216-square kilometre Vranso Project in West Africa.
Recent drilling has confirmed a correlation between copper mineralisation and the geophysical target.
Now that its land position on the gold-rich Boromo Greenstone Belt has increased five-fold, Arrow is preparing to conduct the first modern gold exploration program along its consolidated 80-kilometre strike length.
The new director has experience in mining exploration, executive management, mergers and acquisitions, governance, government and community relations in the global resources industry.
Around 16 reverse circulation holes for 2,000 metres are planned to test for bedrock gold mineralisation.
Funds will be used to undertake high impact gold exploration in West Africa and gold and base metals exploration in Australia.
Focusing on the Dassa gold deposit in the Boromo Belt of Burkina Faso, the company is ramping up exploration efforts on the 1,500 square kilometre project.
Multiple new gold targets are being defined on both 100%-owned company ground and the new Trevali JV permits along the Boromo Greenstone Belt.
The drilling will be followed by borehole electromagnetic surveys aimed at detecting conductive sulphide mineralisation lateral to or below the holes to ensure that all mineralised zones are defined for further testing.
It can continue to expand Dassa while advancing several nearby advanced and early-stage projects to realise an emerging gold district in western Burkina Faso.
The joint venture area area sits within the prolific Boromo Belt that hosts the Poura, Batie West and Bissa gold mines along a highly favourable structural corridor.
The company discovered continuous gold mineralisation in two zones after completing 8,669 metres of reverse circulation drilling at Divole West permit.
The company has completed 8,669 metres of RC drilling on the Divole West permit in Burkina Faso, which resulted in the discovery of continuous gold mineralisation in two zones at Dassa.