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Akobo Minerals makes further gold discovery at Segele

Published by , Editorial Assistant
Global Mining Review,


Akobo Minerals AB, the Scandinavian-based Ethiopian gold exploration and boutique mining company, has announced that it has made a new gold discovery at Segele. This is the third distinct style of gold mineralisation in the area.

The exploration team is not resting on its success and has continued with its core exploration work, while drilling has been focusing on sterilisation and geotech work related to the Segele mine. The exploration has yielded new gold discoveries and better understanding of the geological structure of the area. The more work we do the more certain we are of the long-term potential within our license area.

The exploration team is currently working on building the understanding of the host structure by mapping and sampling in advance of drill testing the new targets. The overall picture looks highly encouraging with regards to the potential of feeding more ore through the processing plant.

On the more technical side, the new gold occurrence is located 140 m due west of the main Segele mineralisation and represents a third distinct style of gold mineralisation identified. The first style is the main Segele ore consisting of high- and bonanza-grade orogenic gold deposit. The free gold is hosted by metamorphosed ultramafics overprinted by calc silicate alteration. The second gold mineralisation discovered a few months back is found some 100 m west of Segele and is coarse grained with a very high nugget effect. It is hosted in a fault breccia with minor quartz veining and is continuous between drill holes.

The new mineralisation is comprised of coarse-grained gold hosted in an ultramafic schist on the edge of a metaperidotitic rock unit. The target units have been traced on surface for a strike length exceeding 100 m, but mineralisation has only been confirmed at one location so far. Up until now, this style of gold mineralisation has only been observed in hand samples and the fact that we have found the source of the mineralisation is a great step forward.

Read the article online at: https://www.globalminingreview.com/mining/20122022/akobo-minerals-makes-further-gold-discovery-at-segele/

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African mining news Gold mining news