Akobo Minerals have released results of the next set bonanza gold grade results from the Segele mine development project in Ethiopia. According to CEO Jørgen Evjen, these new results support Akobo’s belief that they can maintain peak production for longer than calculated in our original scoping study.
Specifically, the results, from laboratory testing, inspection, certification and verification solutions company, ALS show:
- New resource extension significant intercepts:
- 24.4g/t over 5.88m (including 142g/t over 0.7m, and 44.8g/t over 0.7m); and
- 17.8g/t over 4.38m (including 67g/t over 0.7m)
- New infill drilling results including:
- 56.0g/t over 6m and
- 23.0g/t over 1.7m
- In July 2021, the company also released results including 45.3g/t over 0.48m and 13.8g/t over 1.43m
- The mineralisation is still open at depth
Read: DRC: AVZ Reaches US$240m Investment Agreement for Manono Project
More results to be released soon
Results from an additional 30 holes (approximately 2000 samples) are expected to be delivered within 10 days and will include all samples needed to perform an updated resource estimate. There have been major delays at the ALS laboratory in Ireland lately, affecting the delivery of results and Akobo Minerals’ ability to issue a full resource update. Once the outstanding results are received, the data will be handed to SRK (Australasia) to complete the mineral resource update.
Akobo Minerals released the result of its first Segele mineral resource estimate in April 2021, with an inferred mineral resource totalling 52,410oz at an average grade of 20.9g/t. That resource estimate covered a gold mineralization in a narrow high-grade shoot from 30m at the shallowest to 130m at the deepest. These new assays have demonstrated that the high-grade gold mineralization extends to at least 240m below the surface – and quite possibly deeper.
