Vector Resources Limited (ASX:VEC) has defined a new zone of gold mineralisation in a recent review of historical exploration and mining data at the Adidi-Kanga Gold Project in the Democratic Republic of Congo.
The gold mineralisation comprises 13 exploration targets that are conceptual in nature and have a size range from 102 million tonnes at 3.8 g/t gold for 12.5 million ounces to 117 million tonnes at 6.7 g/t for a combined 25.2 million ounces.
The new exploration target adds to the existing Adidi-Kanga mineral resource of 15 million tonnes at 6.6 g/t for 3.2 million ounces.
This includes 46% in the indicated category of 6.9 million tonnes at 6.74 g/t for 1.5 million ounces and 8.1 million tonnes at 6.6 g/t for 1.7 million ounces in the inferred category.
Vector Resources chief executive officer Simon Youds said: “This new exploration target clearly points to the fact that Vector is sitting on a huge mineralised system within PE5105 that will eclipse the current 3.2 million ounces of the Adidi-Kanga deposit.
“The historical work completed by AngloGold was very thorough and has enabled our technical team to define this new zone of gold mineralisation that is showing all the early indications of hosting further high-grade mineralisation.
“We expect to unlock considerable value for Vector’s shareholders from the US$520 million AngloGold diligently invested in this area.”
Previous work conducted by AngloGold
The detailed exploration and geological review were largely based on previous work completed by AngloGold which between 2005 and 2013 expended over US$520 million on exploration and development activities.
This included more than 173 kilometres of diamond and RC drilling, completion of a feasibility study and the beginning of initial mine construction activities with the purchase and delivery to site of 70% of mechanical equipment.