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IronRidge Resources lands new gold and lithium exploration areas in Côte d'Ivoire

Field work has already taken place across the explorer's Côte d'Ivoire projects and some results are due later in the quarter

gold nuggets
It was granted the Marahui, Vavoua South, Vavoua North and Adzope licences

IronRidge Resources Limited (LON:IRR) told investors it has landed four exploration licences in Côte d'Ivoire.

The four licences - Marahui, Vavoua South, Vavoua North and Adzope - are allocated within the group’s gold and lithium portfolios.

They form parts of the Kineta and Vavoua gold projects, and the Adzope lithium area.

READ: Ironridge Resources has a diverse portfolio

"We are pleased to have four licenses granted in Côte d'Ivoire, which will allow us to accelerate exploration across our gold and lithium portfolios in the country,” said Vincent Mascolo, IronRidge chief executive.

Additionally, the company highlighted that work has already taken place in the field, with soil sampling and trenching undertaken.

At the Kineta North area the company has gathered 3,307 samples from an artisanal mining corridor, and it expects results during the second quarter. In the Bianouan gold license, it has carried out a combination of sampling from trenches, pits and from soil. Similarly, it expects results during the second quarter.

Auger drilling took place as part of the sampling in the Bodite gold area, with a total of 1,169 small holes drilled.

WATCH: IronRidge Resources secures new gold and lithium exploration licences in Côte d'Ivoire

Lithium exploration included geochemical loom and stream sediment sampling, the company added.

Meanwhile, the company is seeking a permit for an aerial survey (geophysical aeromagnetics) over the Vavoua gold area.

Mascolo added: “We are securing the necessary permits to commence an airborne magnetics survey across the Vavoua gold portfolio in the west of the country and adjacent to a 700,000oz gold resource held by an unrelated party.

“At the Kineta gold portfolio in the north-east of the country, the addition of the Marahui license is significant as we continue to consolidate our position across this prospective gold bearing structure.”

Quick facts: IronRidge Resources Ltd

Price: 9.15 GBX

AIM:IRR
Market: AIM
Market Cap: £30.56 m
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