leadf
logo-loader
viewIronRidge Resources Ltd

IronRidge Resources sets the drill rigs turning at the Zaranou gold project

The mineralised footprint at Zaranou is already known to be extensive

IronRidge Resources Ltd -

IronRidge Resources Ltd (LON:IRR) has commenced drilling at its Zaranou gold project in Côte d'Ivoire.

The aim is to test approximately eight kilometres of strike, consisting of hard-rock artisanal mining, anomalous geochemistry and coincident magnetic anomalies.

The company will undertake approximately 6,500 metres of air core drilling and approximately 1,500 metres of deeper reverse circulation drilling.

Historical drilling results from 2008 included 2.2 grams per tonne gold over 21 meters.

The hard-rock artisanal workings at Zaranou occur within a broader 40 kilometre by 2.5 kilometre-to-five kilometre wide alluvial gold mining corridor, coincident with a major regional magnetic contact.

"The team has done a great job in completing drill planning, community consultation and drill access construction in time for the arrival of the Geodrill rigs, whilst continuing mapping, soil sampling and drone survey field activities,” said Len Kolff, chief operating officer of IronRidge.

"We are excited to get the drill programme underway, to test below the extensive hard-rock artisanal mining zones with high-grade channel sampling results, as well as discrete magnetic anomalies spatially associated with the mineralised structures targeted by the artisanals. It is a challenging task, as the area is vast, with over 40 kilometres strike of alluvial workings,” he added.   

Quick facts: IronRidge Resources Ltd

Price: 15.75 GBX

AIM:IRR
Market: AIM
Market Cap: £64.57 m
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...

In exchange for publishing services rendered by the Company on behalf of IronRidge Resources Ltd named herein, including the promotion by the Company of IronRidge Resources Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

IronRidge Resources' Vincent Mascolo welcomes 'highly valuable' new data set...

IronRidge Resources Limited's (LON:IRR) Vincent Mascolo tells Proactive London's Andrew Scott they've identified a drill ready target at the Zaranou gold license in Côte d'Ivoire from recently secured historical data. He adds that they've also enlarged a second phase drilling programme over the...

on 2/7/20

2 min read