Field work has commenced at Alecto Minerals’ 945.5 sq km Wayu Boda gold project in southern Ethiopia, and initial core drilling is anticipated to commence in the coming weeks. A regional exploration camp has been set up at Wayu Boda and all the ancillary support equipment for the core drill rig are on site.
Alecto Minerals has conducted trenching, geophysics, and geological mapping which focused on the northern 15% of the licence areas where extensive artisanal workings occur in three locations of a 2km of strike targeting quartz vein swarms and larger individual quartz veins hosted in metavolcanics. Occasional pits target the host rock itself and notably grades of up to 47.4 g/t of gold have been reported from rock chip sampling and trenching in these areas.
Alecto CEO Mark Jones said, “The commencement of field work at the prospective Wayu Boda Gold Project in Ethiopia symbolises the start of an exciting campaign managed by Centamin, which provides Alecto with exposure to the value upside potential present within the licence area without the expenditure. Drilling is anticipated to commence in the near future, and we look forward to divulging the full details of the forthcoming drilling programme in due course.
“This comes during a period of strong activity for the company. Drilling is also on-going at our flagship Kossanto Gold Project in Mali, demonstrating our multi-faceted approach to implementing our strategy to become a leading gold and base metal explorer in Africa.”