Volt Resources Limited (ASX: VRC) has outlined three areas of gold anomalies with initial assay results from results from its initial power auger drilling programme for the Kouroussa permit in Guinea.
The programme has identified anomalous gold spread over an area of approximately 1,200 metres by 900 metres with no testing of the mineralisation to depth.
Managing Director, Trevor Matthews, said the mineralisation over this broad area may relate to a single system, and this is to be confirmed by future deep drill programmes.
This is a very positive start to the auger drilling programme with the first exploration permit tested reporting a number of anomalous gold results which provides encouragement to do further work in the location,” Mr Matthews said.
“The Volt board is looking forward to the results from the other two completed drill programmes and the current auger drilling programme underway at Konsolon.”
The Kouroussa exploration permit shares its border with the Kouroussa Gold Mine and is within the same geological setting as nearby Predictive Discovery Ltd’s Bankan Project. The auger drilling programmes are designed to generate initial Reverse Circulation and Diamond Drilling targets to be drilled later this year.
Two power auger drill rigs completed the initial Kouroussa drilling programme which comprised 113 auger holes for a total of 943 metres. The programme was concentrated in the areas that had anomalous grab sample results and artisanal workings. The auger drilling programme is undertaken to improve the geochemical understanding of the exploration targets using a cheap and efficient method that would penetrate and sample the rock below the lateritic and transported cover.
The first assay results have been received and the results are very encouraging with three geochemically anomalous areas identified. The most promising anomalous area is Area 1 which has a length of approximately 450m and is open to the south with composite sample results up to 1.86g/t gold.
Area 2 has an existing surface anomaly and this has been confirmed as having auriferous potential through weak gold mineralization within a number of the auger holes.
The third area is a new find and provides a new opportunity to link a broader area of potential mineralization to depth as two very anomalous gold values (0.46g/t and 0.47g/t gold) are recorded in an area with no artisanal workings and are both auriferous saprolite samples.
Given the success to date, Volt has elected to progress further work at the Kouroussa permit as follows:
- Infill auger drilling is proposed at all three areas in order to better delineate the anomalous areas. At Area 3, infill auger holes are planned to go deeper and infill to the south of the anomalous gold values.
- To understand the nature of the saprolite material, further geochemical testing of the auger samples with anomalous gold values as well as the saprolite samples located within adjacent primary enriched auger locations will be undertaken.