IronRidge Resources Limited, the African focussed minerals exploration company, reports high-grade drilling results from the ongoing second phase drilling programme at the Ebilassokro and Ehuasso targets, both within the Zaranou Gold Project area (“Zaranou”). The license borders with Ghana and is along strike from significant operating gold mines including Chirano (5Moz), Bibiani (5.5Moz) and Ahafo (17Moz).
Exceptional high-grade drilling results returned:
ZAAC0321: 5m at 270.5g/t gold from 4m, including 1m at 1,075g/t for 1m primary samples of previously announced 4m composite samples in AC drilling over the Ebilassokro target (reported at a 0.1g/t cut-off and maximum 1m of internal dilution).
ZARC0013: 24m at 13.6g/t gold from 136m including 4m at 76.2g/t gold for 4m composite samples in RC drilling over the Ehuasso target (reported at a 0.1g/t cut-off and maximum 4m of internal dilution).
Hole ZARC0013 confirms down-dip extension of high-grade mineralisation intersected in hole ZARC0009 (refer RNS of 3 February 2020 and link to original pre-drilling visualisation of drill hole ZARC009 at https://youtu.be/cRAJYf17LhI).
High grades returned in hole ZARC0013 confirm visible gold observed and reported in RNS of 23 July 2020.
Commenting on the Company’s latest progress, Len Kolff, Chief Operating Officer of IronRidge, said:
“We are delighted that the ongoing drilling programme at the Ehuasso and Ebilassokro targets continues to define significant mineralised zones in the AC drilling and targeted deeper RC holes.
“The extremely high-grade results of 5m at 270.5g/t gold from 4m in hole ZAAC0321, including 1m at 1,075g/t (almost 35oz/t), for 1m primary samples of previously announced 4m composite samples, at the Ebilassokro target is very encouraging for a first phase drill programme on a new exploration target.
“Occurring at 4m depth downhole and relatively close to surface, the risk of contamination from transported material is recognised, however, geological logging of drill cuttings indicates the mineralisation occurs within quartz vein material, within a broader structurally defined soil anomaly, representing a high-priority target for follow-up.
“At the Ehuasso target, the results confirm the visible gold observed in hole ZARC0013 with an overall intercept of 24m at 13.6g/t from 136m depth downhole, which includes a higher-grade portion of 4m at 76.2g/t.
“These results are significant as they confirm high-grade mineralisation depth continuity below previously reported high-grade intersections in hole ZARC0009; with mineralisation now open from surface to a vertical depth of 125m.
“Additional visible gold has now been observed in quartz vein drill cuttings from hole ZARC0015 within the newly defined Ehuasso main target, confirming mineralisation continuity below recently reported AC drill intersections and at depth within the fresh material with assays pending.
“The AC component of the second phase drill programme has now been completed with 20,312m in 404 holes drilled, whilst RC drilling remains ongoing with our national team on the ground at the Ehuasso target within the broader 47km strike Zaranou shear zone.”