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Akobo Minerals discovers new gold mineralisation zone at Segele

Published by , Editor
Global Mining Review,

Akobo Minerals has provided an update from ongoing exploration activities with new encouraging findings.

Akobo Minerals discovers new gold mineralisation zone at Segele


  • A new gold mineralisation zone has been discovered near the Segele mineral resource including a visible gold intersection.
  • The company has drill tested two new targets around Segele, both within 500 m distance.
  • Preparation ongoing for a soil geochemical sampling program between Segele and Joru.
  • Preparation ongoing for a ground geophysical survey over the Segele mine license area.

Jørgen Evjen, CEO of Akobo Minerals, stated:

“We are very excited about the new discoveries, and I am quite sure we are just scraping the surface of the long-term potential within our exploration license area. Exploration is still our main activity, soon to be supported by cash flow from our mining operations. I am therefore looking forward to refocusing on our exploration program with our new drill rigs. Moving forward we will have the opportunity to fulfill our long-term goal of becoming the leading exploration and mining company in Ethiopia.”

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African mining news Gold mining news