THE DRILL SERGEANT: Exore Resources (ASX: ERX) claimed a new gold discovery at the company’s Bagoe project in northern Cote d’Ivoire.
Exore Resources made the claim following the receipt of results from initial reconnaissance aircore (AC) drilling at the Veronique target whilst progressing its objective of defining a multi-million-ounce gold project in northern Cote d’Ivoire.
The company declared initial AC drilling results at the Veronique target achieved the aim of identifying widespread in-situ gold mineralisation and highlighting a new gold discovery.
Shallow intersections from the broad spaced AC drilling include:
12m at 3.63 grams per tonne gold from 4m;
4m at 7.58g/t gold from 20m, including 4m at 10.12g/t gold from 8m;
4m at 4.45g/t gold from 12m;
4m at 3.31 g/t gold from 16m; and
8m at 2.71g/t gold from 0m.
The results are from five wide-spaced AC traverses that tested 1.6 kilometres of strike of the 8km long, 2km wide Veronique anomaly.
The drilling encountered multiple shallow mineralised zones defined over the 1.6km of tested strike with all mineralised zones remaining open with highly anomalous geochemistry for 3.5km to north and 3km to the south.
The drilling is continuing with both step out drilling along strike and infill drilling underway to better define orientation of mineralisation.
“It has been just six months since acquiring the Cote d’Ivoire projects and every target we have drilled has returned exceptional results,” Exore Resources managing director Justin Tremain said in the company’s announcement t othe Australian Securities Exchange.
“We are extremely excited by the results from the first ever drilling at Veronique which confirm the potential for a significant new gold discovery and is a significant to step to achieving our objective of defining a multimillion-ounce gold project.
“The scale of Veronique is hugely exciting with over 80 per cent of the prospect still untested.
“We continue to have two rigs drilling and we look forward to reporting further drilling results from our aggressive exploration program.”