As Axmin (AXM-V, AXMIF-O) finishes up a feasibility study for its Passendro gold project in the Central African Republic, it has come across several potential gold zones in the vicinity of the proposed gold plant.
Recent drilling has uncovered several significant intercepts, including 6 metres grading 24.7 grams gold per tonne, 4 metres of 6.4 grams, 7.5 metres at 3.6 grams, and 35 metres averaging 1.7 grams gold.
CEO Jonathan Forster says he hopes the new discoveries will eventually contribute to the expansion of the project’s resources.
“These discoveries show the ability of surface exploration to generate successful targets,” Forster said. “Our teams are working on a further three such targets in preparation for first drilling with additional prospects waiting in the wings.”
The latest discoveries bring the total to six, four of which are inside 10 km of the proposed Passendro gold plant.
Axmin plans to do follow-up drilling in each of the areas, starting in early November.
The latest intercepts came from the Ndassima West, Saraganza and Louba areas, which are 8 km southeast, 14 km south-southeast and 26 km northwest of the potential plant, respectively.
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