Amani Gold ANL

Amani Gold (ASX:ANL) has published the results of its maiden resource calculation on the Kebigada zone of its Giro Gold project in the DRC last month. The total maiden resource estimate now contains 2.3 million ounces of gold at an average grade of 1.47 g/t gold, of which approximately 820,000 ounces (at 1.53 g/t) are part of the indicated resource category.

This is a very encouraging start, and the company has also sent additional samples from a deep diamond drill program to the lab, as it wanted to confirm the existence (and size) of ore shoots at depth, which could perhaps allow Amani Gold to develop an underground mine as well.

The next step for Amani God will be to complete an additional infill drill program on the higher grade zones at Kebigada to upgrade the indicated resources to the measured category which will help  the company to design a mine plan for its economic studies. As we mentioned before, it’s too bad this project is located in the DRC as the value will always be discounted due to the difficult geopolitical situation.

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The author has no position in Amani Gold. Please read the disclaimer




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