Highly significant gold assays prompt further drilling at Amani’s Giro Gold Project
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Amani Gold (ASX:ANL) today announced that further high-grade gold assay results have been returned from deep diamond drilling at its Kebigada gold deposit, Giro Gold Project.
The Giro Gold Project comprises two exploration permits (Douze Match and Kebigada) covering a surface area of 497km2 within the Kilo-Moto Belt of the DRC, a significant under-explored greenstone belt which hosts Barrick Gold’s 16 million-ounce Kibali group of deposits within 35 kilometres of Giro.
Diamond core drillhole GRDD035 has successfully targeted deeper high-grade sulphide associated gold mineralisation within the central core of Kebigada gold deposit and these assays are now the deepest yet at Kebigada.
The high-grade gold assay results were returned for drillhole GRDD035, which is now the deepest drillhole completed at Giro (546.5m). Significant results include:
- 10.5m @ 1.08g/t Au from surface
- 4.5m @ 4.63g/t Au from 31.5m (incl. 0.55m @ 27.3g/t Au from 32.45m)
- 38.5m @ 2.22g/t Au from 278m (incl. 3m @ 16.93g/t Au from 313m)
- 3m @ 1.96g/t Au from 477m
- 9m @ 1.89g/t Au from 484m (incl. 1m @ 12.9g/t Au from 487m)
These gold assay results, along with those from another previously reported Phase One hole, GRDD034, indicate the potential for the Kebigada deposit to substantially grow via targeted deeper and along strike drilling. To this aim, additional drilling has been planned, which Amani say may comprise a further four core holes, each 500m in length.
Phase One holes GRDD034 and GRDD035 are 240m apart and have both outlined high-grade gold mineralisation deeper than previously intersected at the Kebigada deposit.
Amani has previously outlined a gold resource at Kebigada of 45.62Mt @ 1.46g/t Au for 2.14Moz gold at a cut-off grade of 0.9g/t Au.
The company now say that a new updated resource estimate is now warranted based on the assay results from Priority One drillholes GRDD034 and GRD035, plus other previously announced drillholes that were completed post the Kebigada maiden resource estimate.
Amani’s Technical Director Mr Grant Thomas said, “The gold assay results from GRDD034 and GRDD035 are highly significant and confirm that high grade shoots are open at depth and along strike. We will plan further deep holes at the Kebigada deposit. An upgrade of the Kebigada resource estimate will also be completed.”
General Information Only
This material has been prepared by StocksDigital. StocksDigital is an authorised representative (CAR 000433913) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
