leadf
logo-loader
viewAbzu Gold Ltd

Abzu Gold has huge resource potential in Ghana's world-class gold belts, says Ubika

africa_topographical_map_350_4faa5b928f044.jpg

Abzu Gold (CVE:ABS, OTCQX:ABZUF) is a junior company with huge resource potential in Ghana's world-class gold belts, says research firm Ubika, which has started covering the stock.

The country has a long history of gold production and is seen as a mining friendly environment, pointed out analyst Vishy Karamadam.

Abzu has interest in 16 concessions in the gold belts.

The company is developing plans for a phase 2 drill programme on its two advanced flagship projects - Nangodi and Asafo - from which positive drill results would provide short term catalysts, added the analyst.

"In phase 1 of the drilling campaign, the company intersected high-grade gold mineralisation – up to 41.60 g/t gold in Nangodi and 62.20 g/t gold in Asafo. 

"The drilling result suggests potential for multi-million ounces of resources in the properties," said Karamadam, who added that it had also outlined a large mineralized gold zone of 1.2 km long in Nangodi and a 1,100 x 600m gold zone in Asafo.

The analyst also highlighted that Abzu’s management team had multinational exploration and business development experience.

Ubika Research also points out that the miner's stock is "steeply discounted" and calculates a Ubika model price (UMP) of $1.08 per share.

 

Quick facts: Abzu Gold Ltd

Price: - CAD

TSX-V:ABS
Market: TSX-V
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Quadrise Fuels International completes industrial pilot for alternative fuel...

Quadrise Fuels International PLC's (LON:QFI) Mike Kirk and Jason Miles talk to Proactive's London's Katie Pilbeam about the completion of their alternative fuel trial, MSAR, at an international chemical group customer’s plant in Morocco. Kirk explains the potential and opportunities for their...

18 hours, 38 minutes ago

2 min read