Infill soil sampling has confirmed and enhanced multiple large-scale gold soil anomalies at Aim-listed IronRidge Resources’ Zaranou gold project, in Côte d'Ivoire.
The licence borders with Ghana and is along strike from significant operating gold mines.
The company says the results are significant, as the anomalies are robust and occur along strike from a 16 km zone of hard-rock artisanal workings with recently announced high-grade aircore (AC) and reverse circulation (RC) drilling results.
Soil anomalies and hard-rock artisanal mining zones are now defined over a 47 km striking gold corridor and there is regional shear zone structure with significant scale potential.
A colonial era mine adit was discovered within the central portion of the licence area within the area of current drilling.
There were also multiple historical drill hole collars discovered in the south-west of the licence area coincident with a high-priority soil anomaly on the contact of the Yakasse granite body.
In light of global macroeconomic uncertainty, IronRidge says it remains in a strong financial position, with $6.2-million cash in the bank and in hand.
“The second phase drilling programme is progressing well with over 5 000 m of an 8 000 m planned AC programme drilled to date in 100 holes and over 1 000 m of planned RC remaining,” comments IronRidge CEO Len Kolff.