Eagle Eye drilling confirms mineralisation

THE DRILL SERGEANT: West Africa-focused gold exploration play Eagle Eye Metals has received the results of a recently completed maiden Reverse Circulation (RC) drilling campaign.

The drilling campaign was undertaken on 100 metre spaced sections over an 800 metre long portion of the extensive 5,000 metre long gold-in-soil anomaly at the Kourouba prospect located within the company’s Dankassa gold project in Mali.

A total of 24 holes were completed for 2,400 metres.

Eagle Eye is confident the drilling has confirmed primary gold mineralisation extends over more than 800m of strike while remaining open in all directions.

All assay results from the drilling have now been received with better results including:

– 32 metres at 0.8 grams per tonne gold from 78m;

– 12m at 1.67 g/t gold from 26m;

– 7m at 1.12 g/t gold from 16m;

– 7m at 1.00 g/t gold from 48m;

– 3m at 2.10 g/t gold from 37m;

– 3m at 1.59 g/t gold from 40m;

– 2m at 1.66 g/t gold from 73m; and

– 2m at 1.55 g/t gold from surface.

The company said the recent drilling, combined with previous drilling carried out by previous owners, has highlighted higher grade shoots occurring within the broader mineralised envelopes.

Additional drilling is planned to confirm the continuity of the higher grade zones.

“These high-grade shoots appear to persist at depth,” Eagle Eye said in its ASX announcement.

“The highly encouraging results reported here confirm the presence of a large mineralised system at the Kourouba prospect.

“The character of mineralisation and widespread distribution of gold suggests significant lode gold potential.

“The company continues to believe there is excellent scope to discover bulk mineable gold resources here.”

So far less than 20% of the identified 5,000m long, soil-geochemistry anomaly at the Kourouba prospect has been evaluated with drilling.

The company has already has plans underway to implement a follow-up RC and aircore drilling program to infill and extend drill coverage at the Kourouba prospect during September.

Additional drilling and detailed reconnaissance will also be undertaken within the broader Kourouba prospect area and further afield within the Dankassa gold project, where the company says, numerous other gold in soil trends remain untested.

Eagle Eye Metals has interests in several prospective gold projects in Mali and Liberia in West Africa.

The company recently raised approximately $3.4 million and is now well financed to embark on an aggressive exploration program and to assess new opportunities.