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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An airborne electromagnetic survey detected seven discrete conductors which are shallow and correspond with geochemical and geological environments favourable for volcanogenic massive sulphide (VMS).
Encouraged by results from recently completed reverse circulation drilling, the company plans to pursue a targeted program of drilling next quarter aimed at extending known gold mineralisation.
The company has resumed its core businesses of exploring for gold and base metals in West Africa and Western Australia.
Auger sampling has extended the known gold anomaly by more than 2 kilometres and provided further targets for RC drilling.
Under the agreement, Roxgold can acquire an initial 51% interest in the project with the option to increase its interest to 70% through exploration expenditure.
Drilling at Dassa is targeting down-dip extensions and on-strike continuation of the discovery that hosts significant intersections including 13 metres at 3.8 g/t gold, 3 metres at 13.1 g/t and 13 metres at 2.4 g/t.
Post COVID-19, the company will recommence its staggered approach to exploration across its assets in Australia and Africa.
Arrow is planning expanded drilling programs at the Dassa gold discovery in Burkina Faso targeting an increase in the size of the existing mineralisation.
The recent reanalysis of historical Stickland data has highlighted three copper-gold VMS targets and has demonstrated the holdings can be divided into two blocks.
Howard Golden and Tommy McKeith purchased a total of 13 million shares in the company’s recent $335,000 placement.
The reanalysis of historical Stickland data has highlighted three copper-gold VMS targets and has demonstrated the holdings can be divided into two blocks.
Arrow is conserving resources while assuring the health of its employees in preparation for resuming exploration programs in Burkina Faso.
The placement includes participation by directors of the company, who have subscribed for 13 million shares.
The company’s Fraser Range Project is highly prospective for massive nickel sulphide mineralisation, similar to the Nova-Bollinger nickel-copper deposits.
Ground has been added in the renowned Fraser Range region, nearby to Legend Mining Limited’s (ASX:LEG) Mawson discovery.
Aircore geochemistry has identified gold anomalism beneath transported soil cover at the Divole West project, confirming continuous mineralisation at Dassa to more than 3 kilometres in strike length.
The company is confident the new managing director will help prioritise the push for ongoing gold exploration at its assets in West Africa.
A definitive agreement enables the Canadian-based company to earn up to a 70% interest in the Burkina Faso gold project.
The program will comprise up to 27 holes and aims to extend and confirm recently discovered gold mineralisation at Dassa.
The Dassa gold discovery includes at least two mineralised zones over a 3-kilometre strike length and is open in multiple directions and at depth.
