THE DRILL SERGEANT: Exore Resources (ASX: ERX) encountered high-grade, free-milling gold when drilling the first hole drilled into fresh rock at the Veronique gold discovery within the company’s Bagoe project in northern Cote d’Ivoire.
Exore had announced results from initial AC drilling at Veronique in March 2019.
The company’s recent drilling has consisted broad spaced AC drill traverses, focussed on just the central 1.6 kilometres of the eight-kilometre-long gold-in-soil anomaly, intersecting high-grade, in-situ gold mineralisation across multiple lodes gold mineralisation.
According to Exore, the AC drilling has identified at least five sub-parallel zones of gold mineralisation with each zone extending over strike lengths of greater than 1,000 metres.
Over 80 per cent of the 8km gold-in-soil anomaly at Veronique remains untested.
He latest drilling involved a single diamond core hole that was drilled to test for down dip extensions of high-grade gold mineralisation into the fresh rock, to provide further geological information to assist in future drill hole planning and to provide samples in the fresh rock for preliminary metallurgical test work.
Diamond hole BDDD0006 returned 8 metres at 7.74 grams per tonne gold from 78m in fresh rock beneath a well-developed zone of weathering extending to around 70m depth.
Exore claimed this intercept confirms down dip mineralisation from previous AC intercepts of: 12m at 7g/t gold from 16m and 12m at 3.12g/t gold from 36m.
“Veronique is shaping up as a high-grade gold discovery with exciting scale potential given the extent of the high tenor gold in soil anomalism over eight kilometres by two kilometres,” Exore Resources managing director Justin Tremain said in the company’s announcement to the Australian Securities Exchange.
“Aircore drilling to date has been defining widespread oxide gold mineralisation and now, with just a single diamond hole, we have demonstrated that high-grade gold mineralisation extends into the fresh rock.
“Preliminary metallurgical test work indicates the gold mineralisation at Veronique to be free milling with good gold recoveries in fresh rock.
“Exore’s exploration efforts will be focussed primarily on Veronique over the coming six to 12 months, along with some further drilling targeting additional shallow oxide gold mineralisation at the Antoinette area just 12 kilometres to the north.”
Exore Resources’ Bagoe project is in a major gold producing region with several nearby large operating gold mines including Barrick’s 4.2 million ounce Tongon and 6.5 million ounce Morila mines, Resolute’s 11.5 million ounce Syama mine, Teranga’s 2.7 million ounce Wahgnion mine and Perseus’ 1 million ounce Sissingue mine.