Akobo Minerals intersects visible gold at 205 m depth

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
© Akobo

The Company has further holes planned in the northern extension as it continues to test the down-plunge extensions
© Akobo
In addition to the visible gold observations, since the release of the Scoping Study, the company has encountered several intersections of potential host rocks which are demonstrably down-dip from the resource estimate. The combination of the host rocks and visible gold is in-line with the general plunge of the mineralisation as seen in the resource model.

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.

www.akobominerals.com

Related articles:

Akobo hits visible gold at new record depth

Akobo Minerals announced that it has intersected visible gold at 282 m vertical depth, as well as seeing signs of further potential gold mineralisation in several sections along this latest hole. All...

more

Akobo Minerals gears up for gold production start-up with opening of rural Ethiopian airstrip

Akobo Minerals, the Scandinavian-based Ethiopian gold exploration and mining company, has announced details of the first ever flight to land at a new airstrip which it has funded and built in Dima....

more

Eurobattery Minerals: On-schedule completion of drilling campaigns in Finland and Spain

Eurobattery Minerals AB (Nordic Growth Market: “BAT” and Börse Stuttgart: “EBM”), a growth company in the mining and exploration industry with the vision to help Europe become self-sufficient in...

more
2022-01-02

Grinding mill components for copper and gold mine in Asia Pacific

Metso Outotec has signed a services contract for the delivery of four ball mill upgrade packages to a copper and gold mine in Asia Pacific. The value of the order is approximately € 19 million, and...

more

FLSmidth secures large equipment order from Polyus

FLSmidth has received an order to supply a large package of process equipment for the construction of a new concentrator as part of an expansion of a major Polyus gold mine. The order, which is valued...

more