Kobada drilling increases resource to 3.1Moz
TSX-V-listed African Gold Group reports a 44% increase in the measured and indicated mineral resource for its Kobada gold project, in south-western Mali, to 1.71-million ounces.
This includes a 26% increase in the inferred resource to 1.43-million ounces, thereby bringing the total resource at Kobada to more than 3.1-million ounces.
The 2020 drilling campaign, which ran from September 2020 to January this year, consisted of 43 drill holes, totalling 6 364 m.
Of these, four drill holes (522 m) were drilled at the Gosso target and the remaining 39 drill holes (5 842 m) were drilled in the “gap” area and northern extents of the northern domain of the Kobada main shear.
The mineral resource estimate update is based on additional drilling completed on the Kobada main shear, which will form part of a revised definitive feasibility study, which is expected to be delivered by the end of September.
The drilling campaign was focused on the so-called gap area and the northern portion of the Kobada main shear, as well as testing the Gosso target for future potential.
Gosso target drilling confirmed that the mineralisation and grades are higher than that observed at the Kobada main shear, with an average grade of 1.11 g/t.
CEO Danny Callow says that, with little additional drilling on the Phase 4A drill programme, African Gold has proven the continued significant upside in its Kobada asset.
“These results are substantially better than those in the July 2020 definitive feasibility study, and we are very excited to see this continued growth in measured and indicated resources,” he says.
From this new drilling, African Gold has added additional shallow, easily accessible inferred resources. “Through further targeted drilling programmes, in phase 4B and 4C we believe there is substantial further upside in resource growth,” says Callow.
“We have always stated that there is significant upside in Kobada, and with more than 50 km of shear zones still untested with the drill bit, we believe we are sitting on a substantial world class resource,” he adds.
Also, recent metallurgical test work completed as part of the feasibility study, revealed the sulphides are free milling and treatable through the same process circuit.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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