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IronRidge Resources hits more high gold grades in ongoing drilling work at Zaranou

The company is in the midst of what it terms its "early ounces" campaign

IronRidge Resources Ltd -

IronRidge Resources Ltd (LON:IRR) has revealed final results from its second phase drilling programme at the Ebilassokro and Ehuasso targets, both within the Zaranou gold project area in Cote D'Ivoire.

The licence borders with Ghana and is along strike from significant operating gold mines including Chirano, Bibiani and Ahafo.

Among the highlights from Ehuasso were five metres at 33.63 grams per tonne gold, 14 metres at 4.67 grams and nine metres at 4.16 grams.

Continuity has now been confirmed over a 1.7-kilometre strike at the Ehuasso main target, with mineralisation open to the south-west and at depth. Follow-up phase three infill drilling is now underway.

All told, IronRidge's third phase 50,000 metre reverse circulation and aircore drilling programme is now well underway, with three drill rigs active on-site at the Ehuasso, Ebilassokro, Yakassé, Mbasso and Coffee Bean targets.

“Zaranou continues to deliver for the company, with all second phase drilling results now received for a total programme consisting of 22,389 metres of combined AC and RC drilling,” said chief executive Vincent Mascolo in a statement.

"Ehuasso Main is our most advanced target area with mineralisation continuity now defined in 160 metre spaced AC and RC drill traverses over 1.7km strike and up to 70 metres of apparent thickness, drilled to a maximum vertical depth of 100 metres which remains open along strike and at depth.”

Quick facts: IronRidge Resources Ltd

Price: 13.689 GBX

AIM:IRR
Market: AIM
Market Cap: £56.37 m
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