EXPLORATION ROUNDUP — Asquith extends Roandji mineralization

Exploration at the Agoudou Manga gold prospect in the Central African Republic has returned encouraging results for Asquith Resources (ASQH-C).

One of five targets on the 2,000-sq.-km Roandji property, the Agoudou Manga has garnered attention from the company since artisanal miners uncovered a gold-bearing, quartz-vein stockwork system covering 10.5 ha. Local miners removed lateritic overburden from the site, revealing a network of quartz veins mineralized with fine sulphides and free gold. The veins vary in width from 5 cm up to 1.5 metres and appear to follow a prominent shear structure.

Asquith has traced the gold-bearing structure over a strike length of 950 metres; it remains open along strike. Exploration work is now geared toward extending the gold anomaly along strike by following airborne magnetic survey maps.

To date, Asquith has identified two parallel zones, the East and West, which are 300 metres apart. Gold mineralization has been traced over 60 metres of width in the West zone and 20 metres in the East. Percussion drilling and soil sampling, which returned 0.1-4.03 grams gold from along the structure, indicate the zones may connect.

Pan-sampling of soils taken from percussion holes has recovered coarse gold and Asquith is planning a 35-hole, 3,000-metre program of diamond drilling, to begin shortly.

The other four gold prospects on the Roandji property are in the same 90-km-long stretch of Archean volcanics. Gold is currently being recovered by artisanal miners at the Roandji, Baidou and Ndassima prospects.

Asquith plans to explore the Roandji prospect, where grab samples have graded up to 4 grams, early next year. Gold mineralization there is associated with a 20-metre-wide quartz vein stockwork that has been traced over a strike length of 2 km.