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Gold & silver

IronRidge Resources finds visible gold in first hole as drilling starts at Kineta North licence

The drilling programme is IronRidge's first within the broader Kineta portfolio which covers 1,532km2

IronRidge Resources Ltd (LON:IRR) said it started drilling at the Kineta North gold licence in north-eastern Ivory Coast and has already observed visible gold in the first hole completed.

The African focused minerals exploration company is undertaking a 2,500m reverse circulation drilling programme to test the Kineta North target. The programme is expected to be completed during the second quarter of 2021.

"We are pleased to have commenced drilling at the Kineta North gold target where previous field work has defined a coincident soils, trenching and artisanal workings target,” said chief executive Vincent Mascolo.

"Drilling is underway with visible gold observed within quartz vein RC drill chips from the first hole completed with assays pending.”

The drilling will focus on testing below a zone of surface and underground artisanal workings over a 700-metre strike with rock chip sampling results including 15 grammes a tonne (g/t), 32.4g/t and 46.4g/t gold and trenching results including 2 metres at 4.04g/t.

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