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Vector Resources posts maiden resource at Maniema gold project

Vector Resources (ASX:VEC) now has a JORC resource of 6.96 million tonnes grading 1.9 g/t gold for 421,000 ounces gold at the recently acquired Maniema gold project located in the Democratic Republic of Congo.
Vector Resources posts maiden resource at Maniema gold project
Vector Resources posts maiden resource at Maniema gold project

This resource is at the Kabotshome gold prospect, which is one of five prospects within the project, providing further opportunity for resource expansion.

The JORC resource was compiled following extensive review and verification of historical exploration work, geological database and certified sampling and test-work documentation.

Further detailed resource modelling and estimation work is ongoing at the Kabotshome prospect and is aimed at both increasing the resource size and upgrading the confidence levels.

Planning for the company’s first diamond and reverse circulation drilling program at the Maniema gold project is well advanced with drilling scheduled to commence this quarter.

With a current market cap of $15.7 million and a JORC resource of 421,000 ounces, Vector offers a compelling value proposition to investors.


Maniema gold project

The project is located in the Maniema province, 160 kilometres south of Kindu in east central Democratic Republic of Congo.

Maniema comprises seven granted exploitation licences, which cover an area of over 500 square kilometres.

The licenses contain five main prospects; Kabotshome, Mbutu, Mitunda, Mbala and Tubambo that have been defined within the project area from previous exploration.

The Kabotshome gold prospect is the most advanced.

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Vector Resources Ltd Timeline

Newswire
December 18 2017

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