Ghanaian gold play delivers for Castle with new | Australian Markets

Citadel Minerals’ four-hole, 582-metre reverse circulation December drilling marketing campaign at its Kandia gold prospect in Ghana intersected 7m at 3.36 grams per tonne (g/t) gold from 149m in a single gap and 5m at 3.49g/t gold from 82m in a second gap.

The 2 outcomes are among the many best so far from Kandia, whereas different two holes bored by way of a useful 3m at 2g/t gold and 6m assaying 1.35g/t gold, respectively.

The complete intercept for the best gap was 24m at 1.78g/t gold from 139m, together with 7m at 3.36g/t gold from 149m. The second-best gap gave up a whole of 11m at 2.36g/t gold from 79m, together with 5m at 3.49g/t gold from 82m.

The 4 holes had been put into the Kandia prospect’s “4000 zone” as infill and step-back extension holes, the place mineralisation has beforehand been confirmed over a prospect-scale strike of about 850m.

Encouragingly, the best gap within the latest restricted however profitable marketing campaign was a step-back gap to check for a down-dip extension of the mineralised zone.

It made the deepest and thickest intercept on its specific part, which bodes nicely for the chance of enhancing fortunes with rising depth in any future drilling.

The 4000 zone is one of the zones of curiosity alongside the persistent, north-east putting sheared contact between jap granodiorites and western Birimian metasediments that characterise the sizeable Kandia prospect. It’s recognised as a potential contact in Citadel’s ground for more than 16 kilometres.

The zone and its mineralisation had been outlined initially by oil sampling, rotary air blast and reverse circulation drilling campaigns within an initial 6km-long space of focus, principally within 500m west of and parallel to the strike of the contact.

The 4000 zone’s potential as a near-surface gold zone was not less than partially highlighted – or bolstered – by proof of sporadic artisanal mining having been undertaken within the space.

Citadel says new artisanal workings have additionally appeared not too long ago alongside the potential contact at its different high precedence “8000 zone”, some 4 kilometres northeast of the 4000 zone alongside the strike of the contact, thereby additional confirming the doubtless presence and/or potential continuity of gold mineralisation alongside this main construction.

On the drilled Kandia sections, the mineralised zone dips to the northwest at about 45 levels and varies in thickness between 15m and 25m.

It has been drilled from the northwest with a sequence of drill holes at varied spacings on part. All are much less than 50m aside.

All holes so far have been inclined uniformly at about 50 levels, in opposition to the common dip of the mineralisation, guaranteeing so far as potential good illustration of true intercept thicknesses.

This four-hole, 582m drilling program on the Kandia prospect’s 4000 zone has delivered a lot of bang for our valuable buck offering appreciable encouragement that we will materially increase tonnes and grade right here.

Citadel has already estimated a mixed 2012 JORC-compliant maiden mineral useful resource of 92,659 ounces of gold at an average grade of 1.1g/t gold for each the 4000 and 8000 zones.

Each targets justify appreciable further testwork and have robust potential to ship on the trouble put into them, which can doubtless be by progressively extending each zones in direction of one another if potential.

The construction is persistent, common and easy however might return some initial effort into figuring out cross-structures that will control gold concentrations alongside the principle contact.

The construction has already offered a focus for latest and early future work and people insights will come as drilling migrates alongside strike or as consideration is drawn to them by different strategies resembling geochemistry or geophysics.

Citadel’s speedy goal at Kandia is to outline one or more huge, near-surface, open-pittable deposits alongside the 16km potential native construction.

The company envisages Kandia supplementing mineralisation it has outlined at different prospects within its higher 2686-square kilometre Wa gold project within the Higher West area of the nation.

Kandia is exhibiting indicators of a doubtlessly profitable deposit given the prospect’s huge intercepts, common construction and proof of robust lateral continuity and potential enchancment with depth inherent within the very contact that’s internet hosting or related to the mineralisation.

Citadel’s work to follow-up the latest outcomes proposes additional extensional drilling on the 4000 zone and specifically-targeted drilling at a number of different areas of historic wide-spaced shallow drilling, resembling on the 8000 zone, the place artisanal miners stay energetic.

Administration says it will additionally sit up for testing alongside the interval between the 2 recognized zones of curiosity after which additional north the place the potential geology trends onto the two.5-million-ounce Black Volta gold project.

Citadel has come a long method in a comparatively short time with staged, cautious work and good geological thought and now has a huge potential playground that instructions focus.

West Africa is one of the world’s premier areas for gold exploration, having given rise to about 15 severe discoveries since 2012, every one endowed with more than 2m ounces.

Ghana’s northern area is now thought-about one of the best areas to find more of the identical and Citadel may simply discover itself in the fitting tackle on the proper time with the gold price peaking.

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