The ABC Project, located in northwest Côte d’Ivoire, approximately 600km west of Doropo, the Company’s advanced exploration project.
ABC is a greenfield exploration project, consisting of two permits, Kona and FarakoNafana, covering a 750km2 highly prospective landholding along the underexplored contact zone between the Archean and Birimian cratons.
The Lolosso Gold Corridor is characteristically 300m to 800m wide, hosting a greenschist to low amphibolite grade, Birimian volcano-sedimentary greenstone package thrusted between an earlier granitoid of Archaean age inferred from structural position to the west and a paragneiss on the east. The eastern footwall contact is a major structural and metamorphic feature and it controls the regional setting of the gold mineralisation along the corridor. The paragneiss is interpreted to be the stratigraphic continuity of the detrital sediments but at higher granulite facies.
Surface geochemistry clearly maps the core of the Lolosso Gold Corridor along a 23km strike which runs axially through the Kona permit. The two main prospects, identified by the initial mapping and rock chip sampling, were subdued silicified ledges in the topography. These anomalous ridges developed into the Kona South and Kona Central Prospects. On a regional scale, mapping and remote sensing of the Lolosso Gold Corridor defined a 60km structural feature.
After the permits were granted, greenfield exploration began in early 2017 with reconnaissance mapping and initial rock chip sampling of the Kona permit area.
Geochemical sampling identified the Lolosso Gold Corridor, at the time as an outcropping 12km gold mineralised structure. Further detailed fieldwork, including GAIP survey and RC drill programme was carried out and the intention is to complete an aeromagnetic survey.
Beyond the Kona South and Central ridges that have been tested by some drilling, the Lolosso Gold Corridor is under-explored other than the surface work (mapping, geochemistry, geophysics).
The Kona South resource remains open in all directions.
The Kona South maiden resource stands at 650koz at 1.03 g/t Indicated category and 450koz at 0.87g/t Inferred category, at a 0.5 g/t cut off.
|Category||Tonnage (Mt)||Grade (g/t)||Gold Content (Moz)||Tonnage (Mt)||Grade (g/t)||Gold Content (Moz)|
|ABC Measured +Indicated||20||1.03||0.7||20||1.03||0.65|