Akobo discovers mine-life-extending mineralisation at Segele project
Norway-based Akobo Minerals has intersected visible gold at 205 m down hole as part of an extension drilling programme at the Segele project, in Ethiopia.
The latest results indicate that the high-grade mineralisation reported on November 4 last year, continues 50 m further down.
The discovery affirms the company’s belief that the project can sustain a longer mine life than envisaged in the scoping study, which was released in September last year.
Akobo has further drilling planned in the northern extension as it continues to test down-plunge extensions.
CEO Jørgen Evjen notes that the latest intersection confirms the continuation of the mineralised zone, which has a significant impact on the project’s mineral resource estimate and mine life in future.
“The mineralised zone also displays a pinch and swell pattern at deeper levels, which is an encouraging sign, even though we have to wait for the assay results to confirm the potential gold content.”
An updated resource estimate for Segele is expected to be released by the end of the first quarter.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation