After the latest drilling at Segele, and receiving a successful maiden resource estimate, Akobo’s drill rig has now moved to the next exciting target at Joru for some initial drilling. Joru is very different from Segele, both in mineralogy and also expected gold grade. Joru is a very large area, with expected lower grade gold content.
The combination of the Segele and Joru targets is very compelling, especially when considering the potential 15km strike between the two areas. Joru is not an unknown area, the company has been doing exploration work in the area for many years through RC drilling, trenching and soil sampling. The results elicit good expectations for the area.
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Joru Gold Target
Akobo Minerals’ Joru gold target in Ethiopia has a strike-length of at least 3km and has so far been investigated with wide spaced geological and structural mapping, soil sampling and reverse circulation drilling (fourteen holes totaling 1.375m). The core drilling announced here is milestone for the company as it is the start of detailed understanding of the project leading towards eventual resource estimation.
Although the mineralization style at Joru is different to Segele, the Joru target has also been exploited by government controlled artisanal mining over many parts of the strike length. Akobo Minerals geologists are well acquainted with the lithologies which are found to contain valuable gold mineralization. The series of quartzofeldspathic shists identified in this core drilling is known to host gold-rich rocks.
Previous exploration identified excellent gold grades in trenches and the potential for a large-volume low-grade deposit, however core-drilling has been needed to understand the lower grades found in RC drilling. Given the highly encouraging alteration assemblage and visible gold (at 39.5m in hole JODD03), we expect that the assay results from this core drilling campaign will assist us greatly in planning future resource definition drilling.