AfriOre outlines shallow gold (May 31, 2004)

AfriOre (AFO-T) is on its way to defining a shallow, low-grade gold resource at its Masumbi target in Kenya.

Results from the first seven rotary percussion holes, drilled 20 metres apart, traced a 6-to-37-metre-wide zone of gold mineralization over a 100-metre strike length. Drilling is ongoing along strike to determine the extent of the mineralizaton.

Two-metre-wide composite samples were sent to SGS Tanzania laboratories in Mwanza, Tanzania. Highlights include:

— 37 metres with a grade of 0.83 gram gold per tonne, which included an 8-metre intercept of 1.46 grams gold and a 9-metre intercept of 1.22 grams gold:

— 24 metres grading 0.72 gram gold, which included a 2-metre intercept of 2.17 grams and 4 metres of 1.51 grams; and

— a 6-metre intercept grading 1.64 grams gold.

The holes were drilled at minus 60. All intercepts occurred between 3 and 42 metres down-hole. Additional assays ranging from 0.53 to 1.37 grams gold were intersected over lengths of 6-30 metres. One hole returned no significant results.

Gold is associated with stacked and stockworked quartz veins in a shear zone within altered diorite, near its contact with andesite. The Masumbi project is underlain by a greenstone belt that has seen past gold production.

The deposit is on the 1,319-sq.-km Ndori project, which AfriOre optioned from San Martin Mining Research & Investment Co. in 2002.

Print

Be the first to comment on "AfriOre outlines shallow gold (May 31, 2004)"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close