Mali remains a hotspot for gold exploration in Africa and after the excellent exploration successes encountered on the Roscan Gold (ROS.V) projects, more attention has shifted to that specific region. Although not a single company has been able to come up with similar thick, high-grade and near surface gold mineralization, there are some interesting things happening in the West African country.
ASX listed African Gold Ltd. (A1G.AX) (not to be confused with Canada-listed African Gold Group which is also working on a Malian gold project) has released assay results from RC drilling and AC drilling on its Falémé project in Mali, a few hundred kilometers north of the Roscan discovery. RC Drilling encountered some interesting intervals with 20 meters at 1.19 g/t gold starting at a depth of 55 meters and 6 meters containing 3.08 g/t gold starting at 116 meters.
Air Core drilling occurs closer to surface, and of the 76 holes drilled by African Gold, 30 returned anomalous gold values (exceeding 0.1 g/t gold) with 10 meters of 0.91 g/t gold starting at 26 meters and 12 meters of 1.1 g/t gold starting at surface are very encouraging, especially as African discovered three new mineralized zones.
It’s now up to the company’s geologists to try to connect the dots and tie the mineralized zones together in order to figure out if there’s an economic resource on the Faleme project.
Disclosure: The author has no position in African Gold.