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Akobo Minerals announces the start of core drilling at Gindibab

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Global Mining Review,

Akobo Minerals AB, the Scandinavian-based Ethiopian gold exploration and boutique mining company, has announced the start of core drilling on a new target at Gindibab.

Akobo Minerals announces the start of core drilling at Gindibab

The core drilling at the Gingibil quartz vein swarm in the Gindibab area, lies approximately 6 km southeast of Akobo Minerals’ Segele gold mine, which will soon be producing the company’s first gold.

Key highlights:

  • Early indications point to this being the most exciting target so far within Akobo Minerals’ license area.
  • Individual veins up to 3 m wide have been observed in the quartz vein swarm and looks to be hosting significant amounts of visible gold.
  • The quartz vein swarm has been traced over a strike length exceeding 700 m, with individual gold-bearing veins close to 100 m long.
  • This latest phase of activity supports our ambition of developing a million-ounce world class deposit.

Jørgen Evjen, CEO of Akobo Minerals, comments:

“The company has been excited at the prospect of starting this core drilling since our exploration team made the initial discovery of visible gold in this quartz vein just recently.

“The core drilling program will initially focus on defining individual quartz veins and test their depth extensions in order to gather data for evaluation of the target potential. If signs are positive, the next phase of activity will be to extend the drill program to evaluate the potential for a larger scale mining operation, including any open pit potential.”

He concluded: “The company recently stated that we have nine priority gold targets within our license area, but this is by far the most encouraging exploration site we have found to date – and could well be a defining step in our ambition to develop a million-ounce world class deposit.”

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African mining news Gold mining news