African Gold Limited Receives Prospective Permit and Drilling Commences
January 29, 2020 at 04:47 pm EST
African Gold Limited announced that the Yatia-Sud Exploration Permit has now been granted which now allows for commencement of exploration works. The permit is located within the prolific gold producing Kedougou-Kenieba Inlier and within 20 km's of the regionally significant Senegal Mali Shear Zone known to host >45 Million oz of gold deposits. The permit (47 km) lies adjacent and immediately to the west of Algom Resources' Tabakoto-Segala Mining Permit and south east of Endeavour Mining's' Kofi Permit. The Company has also commenced its maiden exploration programme that includes soil sampling, rock chipping & first pass shallow drilling on initial target areas on its other granted permits in the Kedougou-Kenieba Inlier in western Mali. The Company looks forward to updating the market as results become available. The Yatia-Sud Gold Project is located in the Kenieba region of west Mali. The Project is readily accessible by a sealed highway to the regional town of Kenieba and then by well-formed gravel road to the Tabakoto Gold Mine and Tabakoto-Kofi haul road which passes through the project area. The eastern boundary of the Yatia-Sud property abuts the Tabakoto mine lease (Algom Resources). The Tabakoto Mill is situated approximately 5km to the south-east of the permit boundary. The western boundary of the property abuts the Kofi mine lease (Algom Resources). Artisanal gold mining occurs at many localities on the Yatia permit; the most significant are the Segala Ouest and Baroye sites. A portion of the 450-metre-long artisanal mine camp at Segala Ouest is an extension of the NW-striking Segala Mine trend (Segala deposit 0.8 Mozs gold - Algom Resources). This is mined utilising open pit and underground techniques over a number of years. Mineralisation is transported by road to the nearby Tabakoto Mill. The project area is generally underlain by gold prospective NNW trending Birimian-age metasediments, metavolcanics and granite. Exploration has been undertaken by BHP Minerals (1995), Alpine Exploration Corporation and Robex Resources (1996-1998), Great Quest Metals Ltd. (2002-2007) and Desert Gold Ventures Inc. (2008-2018). Significant gold mineralisation has been intersected in drilling and trenching at a number of locations on the Yatia property. Loulo-style alteration has also been intersected in drilling. More recent exploration work undertaken Desert Gold during this period included: surface geochemical sampling, trenching, ground magnetic and induced polarization, auger, RC and diamond drilling). A number of very significant artisanal mining sites are currently being mined on the license including the Segala West site straddling eastern permit boundary. Soil sampling conducted by previous explorers have defined numerous large robust coherent anomalies (totaling >24km) with over 300 soil samples returning values in excess of 200 ppb gold including a maximum of 10 g/t gold from a surface geochemical soil sample.