18 Jan IronRidge Resources reports drill intersections at Côte d’Ivoire gold project
Australian exploration firm IronRidge Resources has reported multiple high grade drill intersections and the confirmation of new gold targets at the Zaranou project in Côte d’Ivoire.
In particular, strong results were returned from multiple high grade RC and AC drill holes at the Ehuasso target and new Coffee Bean, Mbasso and Yakassé targets.
AIM-listed IronRidge confirmed that a 50,000 metres AC and RC drill programme will be completed by the end of this month at the project, which is along strike from significant operating gold mines including Chirano, Bibiani and Ahafo in neighbouring Ghana.
“Ongoing results from the current drilling programme have confirmed significant mineralisation potential along the 47 km striking Zaranou structure,” said the company’s chief executive Vincent Mascolo.
“All newly-drilled targets across the Southwest of the licence area, including very encouraging preliminary results from Yakassé, show significant promise with high grade drilling results returned and continuity observed between sections.
“Our ‘early ounces’ strategy continues to target weathered oxide mineralisation, with initial observations suggesting it continues to average depths of 50 metres and up to 90 metres, which we believe is indicative of simple mining and processing at low operational and capital costs.”
Last week, IronRidge announced the sale of an Australian gold asset in order to sharpen its focus on the African portfolio, which encompasses additional gold and lithium projects in Ghana and Chad.