JOHANNESBURG (miningweekly.com) – Results from a recent drilling programme at Aim-listed Mwana Resources’ Zani-Kodo project, in the Ituri region of the Democratic Republic of Congo, has lifted the tenement’s Joint Ore Reserves Committee-compliant gold resource to 2.98-million ounces at 2.43 g/t, up 13% compared with February 2013.
The programme also increased the total indicated resource by 16% to 600 000 oz at 3.33 g/t, while the Kodo main deposit increased to 1.7-million ounces at 3.55 g/t – a 10% increase from the February 2013 resource update statement.
Further, the recently discovered Lelumodi deposit now stood at 500 000 oz at 1.84 g/t, representing a 24% increase, while Lelumodi North – a newly identified drill area –yielded further positive results, with an initial inferred resource of 86 589 oz at 2.34 g/t.
CEO Kalaa Mpinga said the latest exploration drilling at Zani-Kodo had again yielded positive results, affecting a significant increase in the gold resource.
“There is clearly a great deal of potential in this project and we remain excited about the future of Zani-Kodo," he commented.