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IronRidge snaps up rights for “highly prospective” gold licence in Côte d'Ivoire

IronRidge Resources Limited (LON:IRR) said it had secured access rights for a “highly prospective” gold licence application to the Zaranou project in Côte d'Ivoire. The exploration firm said multiple gold occurrences had been recorded over the project area, with eight high priority targets already identified. CEO Vincent Mascolo also  tells Proactive London why the company has slated an Ordinary General Meeting for shareholders. Historical results for the Cote d'Ivoire prospect (in the late 1990s and 2008) included a result of 2.2 grams per tonne (g/t) of gold over 21 metres, including 5.7g/t over 5 metres, in a limited rotary air blast drilling program, while mining activity in the 1930s at the Yosso occurrence within the project had reported quartz vein zones between 2m to 60m thick, and over 300m in length with evidence of gold mineralisation extending 10m into pyritic schists either side of the veins and averaging 1.5g/t to 12g/t of gold.

Quick facts: IronRidge Resources Ltd

Price: 18.3 GBX

AIM:IRR
Market: AIM
Market Cap: £75.1 m
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IronRidge Resources reports three significant discoveries in past three years

Proactive's mining analyst Ryan Long updates investors on IronRidge Resources' (LON:IRR) significant discoveries in the past three years. It is an AIM-listed exploration company, which has a portfolio of gold and lithium projects across Africa. Long points out the 'very good technical...

on 23/9/20

2 min read