Toronto-based Asquith Resources (ASGH-C) has unearthed the first primary gold occurrence on the Ndassima property in the Central African Republic (CAR).
The showing, referred to as Bacanga-1, is 6 km west of the village of Djoubissi, in the heart of the historic Roandji alluvial gold mining district.
Channel sampling of a banded quartz-oxide facies iron formation returned 1.9 grams gold per tonne over 3 metres. The mineralization is open at the southern end of the outcrop, where the highest assay value (4.1 grams gold over 0.5 metre) was obtained.
Asquith notes that an alluvial gold anomaly lies within 150 metres of Bacanga-1, and stream-sediment sampling has shown promise. A surveyed grid, roughly centred on the Bacanga area, is being established to serve as control for soil and bedrock sampling and geophysical surveys designed to develop drill targets over the next three months.
At the Agoudou-Manga gold prospect to the south, mapping is in progress following the completion of a 181-line-km gradient magnetometer survey.
Asquith’s operating costs are about $150,000 per month; the company has cash and cash equivalents of $2.8 million on hand.
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