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African Gold Ltd

African Gold identifies multiple gold-in-soil anomalies ready for drill testing at Agboville Gold Project

Preparations for the maiden drill program are well advanced, with the company to test the ‘Tyche’ gold target in coming weeks.

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The project is in southeast of the highly prospective west African craton

African Gold Ltd (ASX:A1G) has identified multiple gold-in-soil anomalies ready for drill testing in recent reconnaissance geochemical sampling at its Agoville Gold Project in Cote d’lvoire.

A total of 408 soil samples weighing 2 kilograms were collected and submitted to SGS Tarkwa for bulk leach extractable gold (BLEG) analysis.

One objective of the program was to infill 800 by 50 metre anomalies and define parallel mineralised structures to the main 20-kilometre gold-in-soil anomaly (Tyche prospect).

It was also designed to confirm and evaluate the historical single point soil and lag anomalies in areas of single point original testing, focusing on southern extensions and a conceptual structural-magnetic target around the Agboville granite body.

 

 

African Gold chief executive officer Glen Edwards said: “Reconnaissance geochemical sampling at our flagship Agboville Project has defined a number of new high-tenor gold anomalies taking the total strike length of anomalous gold-in soil targets to over 30 kilometres.

“The sampling has also confirmed existing gold anomalies as well as highlighted conceptual structural-magnetic targets that are anomalous for gold.

“The company looks forward to the commencement of the maiden drill program at this exciting regional scale and never before drilled gold-in-soil anomaly at the Agboville Gold Project in the coming weeks.”

Soils up to 589 ppb gold in soil returned

Results from the program are encouraging:

  • Soils up to 589 ppb gold returned with many samples returning anomalous gold values;

  • Infill sampling of historical 800 by 50 metre grid defined two new east-northeast striking anomalies to the east and west of the main Tyche anomaly;

  • Follow-up in areas outside the main soil grid highlighted a number of anomalous gold in soil results indicating significant areas of the project not currently covered should be followed up; and

  • Results suggest the main Tyche anomaly could extend at least further 10 kilometres to the southwest.

The company is encouraged by the tenor of the returned gold in soil values which point to a high order drill target.

Preparation for the maiden drilling program is advanced with stakeholder engagement, community consultation, and access and site preparation underway as well as a drilling contract signed with Geodrill CDI.

The drilling program is expected to begin during March.

Quick facts: African Gold Ltd

Price: $0.19

Market: ASX
Market Cap: $10.47 m
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