African Gold Ltd (ASX: A1G) has confirmed the start of a drilling programme on the Syama Shear Zone Joint Venture Project located in south western Mali.
African Gold’s joint venture partner, Resolute Mining Limited has commenced Air Core (AC) drilling to test for mineralization within the saprolite on the Project area. Bottom of the hole multi-element geochemistry will also be completed and allowing for further refining of the geological map of the area and assisting in defining potentially prospective lithological contacts.
Anomalies identified from the AC drilling campaign will be followed up with reverse circulation (RC) drilling and further exploration targets tested with AC drilling. 2,500m of RC drilling is proposed to allow for an initial assessment to be made on potential for an oxide/sulphide mineral resource.
African Gold’s Syama Project is contiguous to Resolute Mining’s Syama mining permit and is only approximately 10km from the 8.7 million ounce Syama Gold Mine. Resolute can earn up to an 80% interest in the Project by the completion of an agreed minimum exploration program in two years and the subsequent complete a feasibility study over an eight year period.
“African Gold is pleased to see the speed and enthusiasm with which Resolute has commenced exploration on the Syama Project,” Managing Director, Phillip Gallagher, said.
“The agreement allows African Gold to maintain a meaningful interest in the Syama Project with the option to participate in the future development of the Project, if it chooses to do so.
“While Resolute is conducting exploration on the Syama Project, African Gold continues to focus its efforts on its flagship Didievi Gold Project in Cote d’Ivoire, its Senegal-Mali Shear Zone projects in Northern Mali and the recent pegmatite discovery on the Agboville Project in Cote d’Ivoire.”
For further information please visit: https://www.african-gold.com/
