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IronRidge Resources says drilling at Zaranou yields more high-grade gold results

Significant gold zones continue to be unearthed at the project, with the most recent results coming from the Ehuasso area

IronRidge Resources Ltd - IronRidge Resources drilling at Zaranou yields more high-grade gold results

IronRidge Resources Ltd (LON:IRR) told investors it has had further high-grade results and defined significant targets at the Ehuasso area of the Zaranou gold project in Côte d'Ivoire.

The initial reverse circulation drilling at Ehuasso yielded multiple high-grade results were recorded along with broader low-grade intersections. 

Highlight results included 4 metres (m) at 25.8 grams per tonne (g/t) gold, 4 metres at 16.8 g/t and 12 metres at 6.59 g/t with a higher grade 4 metres at 17.9 g/t.

Drilling is ongoing with two rigs presently on-site, main Ehuasso grid and Ebilassokro exploration target.

READ: IronRidge sees more high-grades and visible gold at Zaranou

"Ongoing drilling at the Ehuasso target continues to define significant mineralised zones in the broad 160m spaced AC drill grid,” Len Kolff, IronRidge chief operating officer said in a statement.

"The Ghana-Man pit is shaping up to be our most significant target defined to date over a potential strike length of 1.6km and up to 100m wide and including high-grade intersections such as, with additional target areas defined for future RC infill drilling.

"We are pleased to report promising reconnaissance drilling results including 20m at 1.09 g/t gold in hole ZAAC0317 at the Ebilassokro target, situated 9km to the north-east of the Ehuasso target. The Board is pleased with the progress that the company has made in 2020 to date and looks forward to reporting through a busy upcoming period," he added.

Quick facts: IronRidge Resources Ltd

Price: 18.89 GBX

AIM:IRR
Market: AIM
Market Cap: £73.82 m
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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