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Wednesday, 6th April 2005 (3993 views)

African Gold has released an update on its exploration activities in Ghana, with a totally new zone discovered at its Konongo site.<br/><br/>The African gold explorer and miner is currently focusing on the Konongo site in the Ashanti gold belt area of Ghana and on the Banka mining licence, south of Konongo.<br/><br/>Through a reverse circulation-drilling programme, the company has identified a new zone, which shows a high-grade quality vein system.<br/><br/>It is thought the new discovery is an extension of the Konongo gold field and should offer positive results.<br/><br/>Oliver Baring, co-chairman commented: "We are delighted with these results. The discovery of a totally new shear zone at Konongo gives us every confidence that the initial estimate of a gold resource in excess of 950,000 ounces at Konongo will be exceeded. <br/><br/>"We are refining the discoveries at both Obenamase and Leopard with an extensive drilling programme. The initial results at Banka are particularly encouraging as they indicate that the licence may host a new significant gold resource."<br/><br/>A new drilling programme is now planned to establish grade width and refining the system size.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8209477"/>

 

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