As Axmin (AXM-V) 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 grading 6.4 grams gold, 7.5 metres grading 3.6 grams gold and 35 metres grading 1.7 grams gold per tonne.
CEO Jonathan Forster says he hopes the new discoveries will eventually contribute to the expansion of the projects resources.
These discoveries show the ability of surface exploration to generate successful targets, Forster said in a statement. Our teams are currently working on a further three such targets in preparation for first drilling with additional prospects waiting in the wings.
The latest three discoveries bring the total to six, four of which are within a 10 km radius of the proposed Passendro gold plant.
Axmin plans to do follow-up drilling in each of the areas, starting in early November, which is the next dry season.
The latest intercepts were discovered in the Ndassima West, Saraganza and Louba areas, which are 8km southeast, 14 km south-southeast and 26 km north west of the potential plant, respectively.
Passendro is a located in the centre of Axmins Bakala-Bambari permits, which is home to the 140-km long Bambari gold belt. The company estimates that it will produce 200,000 oz. gold per year with construction beginning in 2008.
Be the first to comment on "Axmin finds new gold zones at Passendro"