Drills are turning on the Chirebroso mine zone at the Adansi Asaasi concession in Ghana, West Africa.
The initial 15,000-metre diamond and reverse-circu-lation program is being carried out by Pacific Comox Resources. The company, through its 94%-owned Ghanaian subsidiary, African Star Resources, can acquire up to an 85% interest in the 38-sq.-km property.
Fourteen trenches were completed over a strike length of 340 metres in the Chirebroso mine zone. A selected interval in each trench returned an average grade of 2.5 grams gold per tonne over 20.4 metres.
The Chirebroso mine is near the eastern end of the 9-km-long Central Ridge zone, which is the focus of a gridline geochemical sampling program. Results to date indicate a series of almost continuous gold anomalies extending westward 6.5 km from Chirebroso along the Central Ridge.
The exercise of 4.7 million warrants has added $2.1 million to Pacific Comox’s working capital. The company has 29.5 million shares outstanding.
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