() has produced a maiden mineral resource estimate for the Labola gold project in West Africa.
The resource has been prepared by the company’s associate Moydow Holdings Limited and amounts to 5.41mln tonnes grading 1.52 grams per tonne gold for 264,000 ounces in the indicated category and 6.93mln tonnes grading 1.67 grams for 371,000 ounces inferred.
Three mineralised zones have been outlined from the various drilling programs and each zone is open in all directions.
Extensive target generative work demonstrates many opportunities for resource expansion which include extensions to the current pit constrained resources, zones with only widely spaced drilling, extensions of known mineralised zones with no drilling, untested artisanal sites and potentially new mineralised zones.
