Akobo Minerals (Euronext Oslo – “AKOBO”) announced that it has intersected visible gold at 205 m hole depth as part of its extension drilling program at Segele. In addition to the visible gold previously reported, this latest result indicates that the high-grade mineralisation continues 50 m further down dip than reported on 4 November 2021. This discovery underpins the company’s belief that the Segele project can sustain a significantly longer mine-life than envisaged in the Scoping Study (27 September 2021).
The Company has further holes planned in the northern extension as it continues to test the down-plunge extensions
The visible gold now seen in hole SEDD87 along with the previously reported intersections with visible gold in SEDD53 and SEDD55 (released 4 November 2021) extend the known gold mineralisation over 100 m to the Northwards down-dip of the mineral resource estimate (6 April 2021).
Jørgen Evjen, CEO, Akobo Minerals, stated: “The latest intersections are very exciting and confirm that the mineralized zone continues to expand and will have a significant impact on our resource estimate and mine-life in the future. With the latest visible gold we are quite certain the zone is still open at depth. The mineralized zone also displays a pinch and swell pattern at deeper levels which is an encouraging sign, even though we have to wait for the assay results to confirm the potential gold content.”
An updated resource estimate for Segele is expected to be released by end of Q1 in order to incorporate as much of the latest drill hole data as possible.