Amani Gold have its maiden gold from Kebigada, bringing in a 1.1-million-ounce measured resource for a Giro Gold Project which now exceeds 4.7Moz in the Democratic Republic of Congo.
The result validates a broad, consistent mineralisation for a deposit open at depth and along-strike, constrained within an open pit and reported above a 0.5g/t cut-off.
We are very pleased with the resource upgrade at Kebigada. The maiden 1.1Moz measured resource confirms the broad and consistent gold mineralization within the Kebigada deposit,” Amani Managing Director Conrad Karageorge said.
“We look forward to updating shareholders with further information on the development and commercialisation of the Giro Gold Project.”
The greater Giro project encompasses two exploration permits and a surface area of almost 500 square kilometres within the Kilo-Moto Belt, a productive yet under-explored greenstone belt host to Randgold Resources’ 17-million-ounce collection of deposits within 25km of Giro, including a Kibali Gold project which produces in excess of 600,000 ounces a year.
This Kebigada upgrade does not include recent RC drilling which intersected an extension zone of the deposit, and more drilling is likely to test the extent and grade of potential extensions.
And the company already have a binding term sheet on hand for sale of its share of the Giro Gold Project, a $43.5 million dollar deal in the waiting – which Amani can tear up if a better deal comes in ahead of the first tranche completion.
