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Arc Minerals begins extensive soil sampling at Akyanga
Exploration and development company Arc Minerals announced the start of a comprehensive soil sampling programme on Tuesday, which it said was designed to test the potential mineralised zones between the 1.57Moz Au Akyanga Deposit and the Akyanga East Prospect.
The AIM-traded firm said the programme's objective was to verify the potential repetition of the Akyanga Deposit type stratigraphy along an interpreted thrust in the valley at Akyanga East which - if proven - could host significant additional gold mineralisation.
It said the latest interpretation was the result of an ongoing re-examination of geophysical data, following the re-logging of all 125 diamond core holes drilled at the Akyanga Deposit.
The results of the soil sampling programme would enable the company to generate new drill targets to test for additional mineralised zones at the Akyanga East Prospect, the board explained, and to target prospective geology in the hypothesised valley thrust structure.
Arc said the results of the soil sampling programme were expected at the beginning of April.
"Our current drilling programme continues to intersect broad and high-grade mineralisation to the south of the Akyanga Deposit and the geology remains open in multiple directions," said executive chairman Nick von Schirnding.
"The area in-between the Akyanga Deposit and the Akyanga East Prospect has not been systematically explored and the aim of the current soil sampling programme is to generate some high-quality drill targets with the aim to expand the current resource envelope to the east as well as the south.
"We look forward to reporting on the results of this programme as well as the results from our ongoing drilling programme focussed on expanding the current 1.57Moz Au Resource at the Akyanga Deposit which has delivered highly encouraging results so far."