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Amani adds to Congo gold promise

19 April 2022 16:10
ASX: ANL

Amani Gold reporting of .97 grammes per tonne over 200 metres at 0.97 grams per tonne gold has added and outshone the company’s 300-plus metres strike trend from 4.1 million ounces Kebidaga ore body, part of the Giro Gold Project in the Democratic Republic of the Congo last month.

The surface to depth mineralisation increases the exciting promise within the project’s 500 square kilometres of underexplored greenstone belt – host to the Kibali gold project, which produces 600,000 ounces per year.

The exploration unfolds amid gold prices teetering at the US$2,000 level, buoyed by a strong dollar and investors seeking a relatively safe place to park their cash during times of political and economic crises and a hedge against inflation.

The company said drilling once again struck zones beyond the current resource.

“We look forward to updating shareholders with the final six diamond holes and our RC drilling campaign results,” chief executive Conrad Karageorge said.

Amani will move on the next drill hole while awaiting assays for the final 34.5 metres of GRDD037.

Significant assays:

  • 201m @ 0.97g/t Au from surface including 20.85m @ 2.05g/t Au from 82.20m and 41m @ 1.30g/t Au from 125m
  • 25.06m @ 0.64g/t from 309m

ANL’s Australian Stock Exchange-listed share price was trading at .2c today (2. 54 pm UTC+ 8 hours).

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