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Amani suit up its ore body

3 June 2022 12:56
ASX: ANL

Amani Gold has struck a series of high-grade gold zones during drilling exploration of the Kebigada deposit, part of the company’s flagship Giro project in the Democratic Republic of the Congo.

Gold extended its upward momentum into June, briefly testing the US$1,870 region for the first time in more than three weeks on a weaker dollar and safe-haven demand stemming from persistent geopolitical tensions and lingering concerns about slowing global growth and inflation.

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The latest intensive exploration of the 4.1 million ounces maiden JORC resource returned 59.99 metres at 2.35 grammes per tonne of gold at shallow depth.

The company said it is encouraging to have further evidence of an extensive shallow high-grade zone.

“The confirmation of this mineralization can improve the overall feasibility of the project,” chief executive Conrad Karageorge said.

“Also encouraged by high-grade sections within GRDD038 which improved on the grade of the 2020 resource model and intersected substantial mineralisation not contained within the existing resource.”

Meanwhile, the explorer will complete the remaining four diamond drill holes planned to test the extent of Kebigada’s continuity down dip and along strike.

Significant intercepts:

GRDD039: 59.99m @ 2.35g/t Au

GRDD038: 60m @ 1.28g/t Au

GRDD037: 2.70m @ 2.16g/t Au

ANL’s Australian Stock Exchange-listed price was trading at 0.1c today (11.43 am UTC+ 8 hours).

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