Democratic Republic of Congo – Amani Gold (formerly Burey Gold) has been granted a further 12 months to complete its ongoing due diligence at Tendao – which once acquired, could see the company almost double its tenement holding in the Democratic Republic of Congo (DRC) to over 2 000 km2.
The Tendao gold project borders Amani’s Giro gold project to the west and comprises five exploitation permits covering a total area of 1 456 km2 which was historically mined for gold.
[quote] Subject to due diligence and completion of commercial negotiations, Amani will acquire the majority interest in the project.
During the due diligence period Amani will conduct targeted diamond drilling and soil sampling programmes to better define strike extent of identified mineralised structures – the results of which are expected early in the second quarter.
Early results from reconnaissance mapping and sampling programmes are highly encouraging and confirm that the Tendao project has potential to host substantial mineralisation.
The high-grade sampling results returned to date provide immediate drill targets.
BIF channel sampling at Tendao’s Mondial prospect returned:
- 1 m at 27.6g /t of gold from Quartz vein in BIF
- 1 m at 1.14 g/t of gold from wallrock
Channel sampling of saprolite at the CPA prospect returned:
- 13 m at 3.36 g/t of gold
- 3 m at 7.14 g/t of gold
Because the Tendao workings lie 14 km to the south of Amani’s Kebigada prospect on its Giro project in the Moto Greenstone Belt, any additional mineral resources discovered on Tendao will potentially be added to the mineral inventory at Giro, notes Amani Gold chairman Klaus Eckhof.
Meanwhile at Kebigada, Amani Gold has decided to postpone the completion of an inferred mineral resource estimate at Kebigada until completion of additional infill drilling, which is now being planned and will commence shortly.
This is due to the mixed orientation of controlling structures and poor connectivity between broadly spaced sections which might result in a model that doesn’t accurately model the mineralisation and could underestimate the actual inferred mineral resource.
Amani’s resource consultant has therefore advised that closer spacing is required over the area where significant mineralisation has been identified to better define discrete mineralised zones between sections currently drilled 100 m apart and to also help consolidate results and provide resource confirmation in certain areas.
As a result of this Amani expects to complete the maiden resource calculation before the end of the second quarter.
Commenting on the reconnaissance results of Tendao Project and the deferment of the maiden inferred resource at Kebigada, Eckhof notes that Amani is taking a key step to accelerate its growth and value along the development path.
“Giro continues to expand as a major gold discovery in the DRC and now with the prospective addition of the Tendao project, further exploration could significantly increase the potential for economic mineralisation on the company’s DRC properties,” he notes.
In terms of the rescheduling of the maiden resource estimate at Kebigada, Eckhof believes that further infill drilling is a necessary delay which will result in a more robust and accurate resource estimation.
“Having worked successfully on mineral projects in the DRC for over 15 years, I view the expanding Giro/Tendao gold project as one of the best opportunities I have been involved with particularly at a time when the gold sector generally appears to be picking up strength.”