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IronRidge Resources unearths high grade results in Zaranou drill programme

"Mineralisation continuity over multiple areas of 500m strike and up to 100m width has been successfully confirmed in multiple targets"

IronRidge Resources Ltd - IronRidge Resources unearths high grade results in Zaranou drill programme

IronRidge Resources Ltd (LON:IRR) has released initial drill results from its ongoing second phase programme at the Zaranou gold project in Côte d'Ivoire.

They comprise multiple high-grade and also broad low-grade results from the Ehuasso target area. Results so far come from 5,910 metres (m) of air-core drilling and 15,000 metres of combined AC-reverse circulation drilling.

IronRidge noted that mineralisation continuity is now confirmed over multiple growing targets at Zaranou, with targets growing to over 500 metres in length and up to 100 metres width. All remain open along strike and at depth.

READ: IronRidge identifies target in Zaranou

The programme continues with two rigs turning, focusing presently on the main Ehuasso grid and Ebilassokro exploration target, it added.

"We are pleased to report high-grade drilling intersections from initial results received and along strike from the first phase programme intersections,” Len Kolff, IronRidge chief operating officer said in a statement.

"Mineralisation continuity over multiple areas of 500m strike and up to 100m width has been successfully confirmed in multiple targets in the newly reported results at Ehuasso; targets remain open in both directions with additional results pending.”

Kolff added: “Drilling remains ongoing with our national team in-place and two drill rigs currently active at the Ehuasso main grid and Ebilassokro exploration target within the broader 47km strike Zaranou shear zone, whilst strict COVID-19 measures continue to be implemented. We look forward to releasing additional results as they become available."

Highlight results

The best results included 4 metres at a grade of 17.9 grams per tonne (g/t), 8 metres at 4.69 g/t, 12 metres at 2.65 g/t, 4 metres at 7.63 g/t, 8 metres at 3.8 g/t, 16 metres at 1.87 g/t, 4 metres at 5.47 g/t, 24 metres at 0.47 g/t and 4 metres at 2.48 g/t.

"Blade refusal depths up to a maximum of 89m and an average 50m downhole depth in the reported results substantiate first phase drilling observations, confirming deep weathering profiles in the Ehuasso target area and the potential for extensive oxide mineralisation targets; significant as it indicates potential for low capital intensity mining operations,” Kolff said.

Quick facts: IronRidge Resources Ltd

Price: 14.2 GBX

AIM:IRR
Market: AIM
Market Cap: £58.48 m
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