ASX ANNOUNCEMENT 14 October 2019 PHASE ONE DIAMOND CORE DRILLING COMPLETED AT KEBIGADA DEPOSIT, GIRO GOLD PROJECT Highlights • Phase One diamond core drilling operations completed at Kebigada gold deposit, Giro Gold Project (drillholes GRDD034 and GRDD035). • Drilling targeted deeper high-grade sulphide associated gold mineralisation within the central core of Kebigada deposit. • Review of GRDD034 and GRDD035 drill core indicates broad visual intervals of rock type and sulphide mineralisation which is similar to adjacent drillholes GRDD025 and GRDD032 which intersected significant gold mineralisation. Assay results are pending. • Hole GRDD034 completed at 414.9m with core samples submitted to SGS Mwanza laboratory (Tanzania). Assay results are expected late-October. • Hole GRDD035 completed at 546.5m with core samples selected for submission to SGS Mwanza laboratory (Tanzania). Assay results are expected mid-November. • If significant gold mineralisation has been intersected in Priority One holes, Phase Two drilling may comprise a further 4 core holes, each 500m in length. Amani Gold Limited (“Amani”) is pleased to announce that Phase One diamond core drilling operations (drillholes GRDD034 and GRDD035) have been completed at the Kebigada gold deposit, Giro Gold Project (see ASX Announcement 22 August 2019). Drilling targeted deeper high-grade gold mineralisation within the central core of Kebigada deposit. page 2 ASX ANNOUNCEMENT – 14 OCTOBER 2019 Drillhole GRDD034 was completed at 414.9m with core samples submitted to SGS Mwanza laboratory (Tanzania). Assay results are expected late-October. Drillhole GRDD035 completed at 546.5m with core samples selected for submission to SGS Mwanza laboratory (Tanzania). Assay results are expected mid-November. The initial Phase One diamond core drillhole GRDD033 was abandoned at a depth of 74.6m due to significant deflection after crossing a fracture zone. Total drilling completed in Phase One was 1,036m. If significant gold mineralisation has been intersected in Priority One holes, Phase Two drilling may comprise a further 4 core holes, each 500m in length (see ASX Announcement 22 August 2019, Figure 2). Drillhole GRDD034 was collared adjacent to section L750N and drilled with an inclination of 70° and an azimuth of 43° (Figure 2, Table 1) and targeted deeper sulphide associated gold mineralisation previously delineated in hole GRDD025 (63m at 2.40g/t Au from 101m; including 16m at 6.58g/t Au from 139m, 69.35m at 1.63g/t Au from 227m; including 5.6m at 3.73g/t Au from 241.4m and 9.2m at 7.33g/t Au from 305.8m; including 0.7m at 87.30g/t Au from 305.8m, see ASX Announcement 26 May 2017). Visual review of cut core of GRDD025 and GRDD034 indicate lithological continuity and style of mineralization. Drillhole GRDD034 has intersected sulphide mineralization in the form of dissemination, quartz/pyrite and pyrite veins, stringers and distinct pyrite laminas all of which may be associated with gold mineralisation (Photos 2 and 3). GRDD034 intersected broad intervals of pyrite mineralization from 204.00m to 263.50m (59.5m interval containing 2-3% pyrite), from 286.9m to 322.5m (35.6m interval containing 1% pyrite) and from 334.0m to 373.0m (39.0m interval containing 1-2% pyrite). Also typical of the Kebigada gold deposit is that consistently mineralized intervals are separated by narrow non-mineralized zones with weak sulphidation and/or barren mafic dykes varying in width between 0.2m and 4.0m. The information provided is based on a visual review and interpretation of drillhole GRDD034 and the actual assessment may vary from initial interpretation. Assay results from GRDD034 are pending. Drillhole GRDD035 (Photo 1) was collared on section L950N and drilled with an inclination of 70° and an azimuth of 43° (Figure 2, Table 1) and targeted deeper sulphide associated gold mineralisation previously delineated in hole GRDD032 (10m at 4.36g/t Au from 102m; including 4.05m at 9.30g/t Au from 103.75m, 88.1m at 2.13g/t Au from 221.4m; including 3m at 35.86g/t Au from 238m, see ASX Announcement 7 August 2017). Review of cut core of GRDD032 and GRDD035 indicate lithological continuity and style of mineralization. Drillhole GRDD035 has intersected sulphide mineralization in the form of dissemination, quartz/pyrite and pyrite veins and thin pyrite stringers all of which may be associated with gold mineralisation (Photos 4 and 5). GRDD035 intersected broad intervals of pyrite mineralization from 140.6m to 194.5m (53.9m interval containing 1% pyrite), from 211.5m to 227.0m (15.5m interval containing 1% pyrite), from 252.8m to 281.3m (28.5m interval containing 1% pyrite) from 301.7m to 316.5m (14.8m interval containing 1-2% pyrite), from 379.5m to 428.0m (48.5m interval containing 1% pyrite), from 453.0m to 461.8m (8.8m interval containing 1% pyrite) and from 491.0m to 537.0m (46.0m interval containing 1% pyrite). Also typical of the Kebigada gold deposit is that consistently mineralized intervals are separated by narrow non-mineralized zones with weak sulphidation and/or barren mafic dykes varying in width between 0.2m and 4.0m. The information provided is based on a visual review and interpretation of drillhole GRDD035 and the actual assessment may vary from initial interpretation. Assay results from GRDD035 are pending.
ANL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held