03 Jun 2023
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Akobo Minerals Shares Assay Results
The results are intended to allow for an upgrade of the resource classifications in the ongoing resource estimate
By: Diamond World News Service
Apr 21 2022 5:31PM
Reference: 26293  


Akobo Minerals announced that it has released a new set of infill drilling assays from its Segele mine development project. New infill drilling results include:

136.5 g/t over 2.3m, including 580g/t over 0.5m

114.7g/t over 13.1m, including 686g/t over 2.0m

53.6g/t over 5.2m, including 446g/t over 0.4m

46.6g/t over 3.0m, including 136.0 over 1m

Numerous other significant intercepts have been released over the past 12 months. All results released to date will be used in the resource estimation. The mineralisation is still open at depth. The latest drill hole database is now being analysed by Akobo Minerals’ geologists and resource estimation experts at SRK in Perth, Australia. From the results seen so far Akobo Minerals expects that parts of the previous inferred mineral resource will be upgraded to indicated resources. Indicated resources have a much higher confidence and such an upgrade would be a strong validation of the company’s revenue and cash flow potential. 

Akobo Minerals released the result of its first Segele Mineral Resource Estimate in April 2021. The resource estimate covered gold mineralization in a narrow high-grade shoot from 30m at the shallowest to 130m at the deepest. These new assays and visible gold observed recently have demonstrated that the high-grade gold mineralization extends to at least 400m down plunge and quite possibly deeper. Assay results have not yet been received for large amounts of the 400m down-plunge extension and hence the updated mineral resource estimate will not cover all of the known mineralization.

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