IronRidge Resources Ltd (LON:IRR) has reported multiple high-grade drill intersections and the confirmation of new gold targets at the Zaranou project in Côte d'Ivoire, West Africa.
The license borders Ghana and is along strike from significant operating gold mines including Chirano, Bibiani and Ahafo.
Particularly strong results were returned from the Ehuasso target and new Coffee Bean, Mbasso and Yakassé targets.
Overall, significant mineralisation potential has been confirmed in multiple targets along the 47-kilometre striking structure
A 50,000-metre aircore and reverse circulation drilling programme is estimated to be completed by the end of January 2021.
"Ongoing results from the current drilling programme have confirmed significant mineralisation potential along the 47km striking Zaranou structure,” said IronRidge’s chief executive Vincent Mascolo in a statement.
"All newly-drilled targets across the south-west of the license area, including very encouraging preliminary results from Yakassé, show significant promise with high-grade drilling results returned and continuity observed between sections. Our 'early ounces' strategy continues to target weathered oxide mineralisation, with initial observations suggesting it continues to average depths of 50m and up to 90m, which we believe is indicative of simple mining and processing at low operational and capital costs.”