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Akobo Minerals announces high grade intersections at Joru

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Global Mining Review,

Akobo Minerals has for many years worked to advance the understanding of our primary targets Segele and Joru. Segele has so far shown to be a high-grade deposit, attracting considerable interest as a result of the high- and bonanza-grade intersections reported in our inferred mineral resource report from April 2021, totalling 52 410 oz at 20.9 g/t (SRK Australasia).

At the same time, the company has prepared for its first test drilling at JORU with the belief that this is a low-grade high volume target. After completing and analysing the first 7 holes of test drilling at Joru, the company has announced the first set of core drilling intersections, indicating a promising mix of high grade and lower grade intersections. The intersections include:

  • JODD03: 28.10 g/t over 0.85 m and 20 g/t over 0.75 m.
  • JODD06: 29.10 g/t over 1 m and 10.90 g/t over 0.55 m.
  • JODD02: 3.19 g/t over 0.9 m.
  • JODD03: 4.10 g/t over 0.6 m.
  • JODD06: 3.10 g/t over 1 m.

Jørgen Evjen, CEO, said: “We consider ourselves to be in a very promising position being able to announce high-grade assays at Joru to complement our success at Segele. It is worth noting that we in addition have several exciting gold-in-soil anomalies in the 15 km distance between our successful Segele and Joru projects. Our company is very fortunate to be exploring such a gold rich district and these results are strong justification for our recent increase in drilling capacity. Our existing and future shareholders will be interested to know that the work on the Segele scoping study is on schedule and this will give a solid foundation for understanding the economics for our planned small-scale mine. In the coming months, we expect continued exciting results from Joru, a pre-feasibility study cash flow model for Segele and an updated resource estimate. Alongside our ground-breaking ESG programme (featured in the July/August 2021 issue of Global Mining Review), this places Akobo Minerals in a very solid position for future development.”

As is common when test drilling starts at new locations, Akobo Minerals has encountered challenging situations where full core-recovery was not possible. Nevertheless, the competent person has confidence that the drilling has intersected high- and ore-grade mineralisation, and an additional QC programme has been initiated in-line with company procedures.

With regards to the SEGELE target, the new contract drill rig from Midroc has started drilling and the first three holes will extract bulk samples which will be used to test gold extraction methods, leading to a gold plant design. Engineering consultants have made considerable progress on the Segele scoping study.

At Segele the contracted Midroc rig will return to more resource-definition drilling feeding into the next resource update. At Joru, the company plans to continue drilling with more varied drilling techniques to resolve all issues. This continued drilling will be used to outline the structure of the Joru mineralisation.

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