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Akobo Minerals announces positive results in Ethiopian gold exploration

Published by , Editorial Assistant
Global Mining Review,

Akobo Minerals, the Scandinavian based Ethiopian gold exploration and boutique mining company, has announced an update on exploration progress in its license area in Southwest Ethiopia.

Key findings

  • Latest core drilling results from Joru show gold in all but one hole, and high-grade gold in one intersection (12.5 g/t over 0.5 m).
  • Results give grounds for continued exploration and core drilling at Joru.
  • Gold confirmed in a new mineralised zone, west of the main Segele mineralisation.
  • 259 soil samples collected on a grid west and southwest of the Segele mineralisation and will be assayed with gold and multi-element analysis by ALS Minerals, Ethiopia.

Jørgen Evjen, CEO of Akobo Minerals, stated: 

“While the company is making great strides in developing its mining facility to commence production in early 2023, the exciting results released today spur us forward to discovering further deposits and secure a long-term pipeline. While more investigation is needed, these initial findings from our latest exploration activity in both our Joru and Segele license areas provide us with renewed confidence as we seek to extend our operations in the prospective area, and extend the mine life at Segele.”


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African mining news Gold mining news