Abujar, Cote d’Ivoire

Abujar Gold Project, Côte d’Ivoire

The Abujar Gold Project is located approximately 30km from the major regional city of Daloa in central western Côte D’Ivoire. It is close to excellent regional and local infrastructure to facilitate exploration and development being only 15km from nearest tarred road and grid power. The Abujar Gold Project is comprised of three contiguous tenements with a total land area of 1,114km2, of which less than 10% has been explored. It features an NNE‐orientated gold corridor over 70km striking across three tenements.

Mineral Resource

In October 2020 a substantial upgrade to the resource was announced at Abujar, a 40% increase to 81.2Mt @ 1.2 g/t Au for 3.02 Moz of contained gold.

The shallow, high‐grade core increased 16% to 22.8Mt @ 2.18g/t Au for 1.60M oz of contained gold with the Indicated Resource within the AG deposit increasing by 44% to 24.1Mt @ 1.6 g/t Au for 12.4Moz of contained gold, representing 41% of the Abujar project ounces.

Above: Oblique long section view of the AG deposit


High Grade Drilling Results

Drilling continues to demonstrate depth extensions of high‐grade gold mineralisation and confirms continuity of high‐grade gold mineralisation within the current resource model:

Four DD holes drilled at Section 23B all intercepted exceptionally high-grade gold mineralisation (Figure below) including:

ZDD093 (shallowest hole of 150m deep on Line 23B (ASX 24/10/2019)):

  • 27m @ 2.30 g/t Au from 0m including 7m @ 7.66 g/t Au from 0m which includes
    • 1m @ 52.25 g/t Au from 1m
  • 8m @ 1.43 g/t Au from 75m including 1m @ 4.66 g/t Au from 79m
  • 5m @ 1.22 g/t Au from 99m including 1m @ 4.15 g/t from 99m

ZDD096 (first step back hole of 190.5m deep on Line 23B (ASX 24/10/2019)):

  • 14m @ 2.59 g/t Au from 61m including 4m @ 7.86 g/t Au from 71m which includes
    • 1m @ 5.44 g/t Au from 72m, and
    • 1m @ 23.14 g/t Au from 73m
  • 10m @ 7.21 g/t Au from 115m including
    • 1m @ 63.64 g/t Au from 122m, and
    • 1m @ 3.41 g/t Au from 123m
  • 7m @ 12.41 g/t Au from 174m including
    • 1m @ 30.06 g/t Au from 174m
    • 1m @ 46.75 g/t Au from 175m, and
    • 1m @ 7.37 g/t Au from 176m

ZDD092 (second step back hole of 230m deep on Line 23B (ASX 24/10/2019)):

  • 23m @ 3.22 g/t Au from 147m including
    • 1m @ 16.98 g/t Au from 149m
    • 1m @ 45.37 g/t Au from 150m
  • 7m @ 2.14 g/t Au from 89m including
    • 1m @ 12.34 g/t Au from 91m
  • 5m @ 1.24 g/t Au from 185m including
    • 1m @ 3.45 g/t Au from 189m
  • 5m @ 1.92 g/t Au from 214m including
    • 1m @ 3.86 g/t Au from 214m, and
    • 1m @ 3.18 g/t Au from 215m

ZDD095 (third step back hole of 270m deep on Line 23B (ASX 24/10/2019)):

  • 21m @ 13.02 g/t Au from 215m including 7m @ 38.08 g/t Au from 228m which includes
    • 1m @ 8.37 g/t Au from 228m
    • 1m @ 253.39 g/t Au from 234m
  • 4m @ 2.42 g/t Au from 253m including
    • 1m @ 3.56 g/t Au from 253m, and
    • 1m @ 4.75 g/t Au from 254

Section Line 23B

ZDD063 on Line 21 (ASX 27/08/2019)

  • 8m @ 1.27 g/t Au from 252m including:
    • 2m @ 15.32 g/t Au from 278m including 1m @ 30.06 g/t Au from 279m ZDD061 on Line 22 (ASX 27/08/2019)
  • 73m @ 2.80 g/t Au from 218m including:
    • 17m @ 2.18 g/t Au from 218m including 1m @ 34.59 g/t Au from 218m
    • 17m @ 8.80 g/t Au from 254m including
      • 7m @ 20.63 g/t Au which includes 1m @ 103.9 g/t Au from 254m and 1m @

34.31 g/t Au from 260m (ASX 26/07/2019), and

  • 5m @ 2.91 g/t Au from 286m including 1m @ 9.08 g/t Au from 289m ZDD072 on Line 22 (ASX 26/09/2019)
  • 12m @3.95 g/t Au from 342m including:
    • 5m @ 3.02 g/t Au from 342m including 1m @ 12.14 g/t Au from 342m
      3m @ 10.53 g/t Au from 352m including 1m @ 14.88 g/t Au from 352m and 1m @ 16.31 g/t Au from 353m
  • 6m @1.96 g/t Au from 376m including 2m @ 2.42 g/t Au from 380m ZDD059 on Line 23 (ASX 27/08/2019)
  • 11m @ 1.95 g/t from which includes:
    • 3m @ 5.11 g/t Au from 307m ZDD064 on Line 24 (ASX 20/08/2019)
  • 7m @ 4.09 g/t Au from 308m including 1m @ 18.52 g/t Au from 312m

ZDD062 on Line 25 (ASX 20/08/2019)

  • 14m @ 3.36g/t Au from 292m including:
    • 6m @ 6.29 g/t Au from 298m including 1m @ 19.33 g/t Au from 305m

ZDD060 on Line 26 (ASX 20/08/2019)

  • 4m @ 9.21 g/t Au from 325m including 1m @ 29.22 g/t Au from 328m ZDD055 on Line 27 (ASX 27/08/2019)
  • 8m @ 3.47 g/t Au from 241m within a broad gold mineralisation zone of 77m @ 0.59 g/t Au from 241m including 4m @5.99 g/t Au from 245m which includes:
    • 1m @ 8.23 g/t Au from 245m
    • 1m @ 14.17 g/t Au from 248m

Above: Plan view showing drill results at AG

 

Current Program

Four company-owned rigs are undertaking a 50,000m drilling program targeting rapid resource growth:

  • Resource definition at AG, AG Deeps and APG
  • Drill testing high priority regional targets

The next Mineral Resource Estimate update is planned for Q3 2020.

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  • This field is for validation purposes and should be left unchanged.