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IronRidge Resources kicks off new phase of drilling at Zaranou gold project

A total of 50,000 metres drilling will take place before the end of 2020, to complete the 'Phase Three' programme

IronRidge Resources Ltd - IronRidge Resources kicks off new phase of drilling at Zaranou gold project

IronRidge Resources Limited (LON:IRR) has kicked off its ‘Third Phase’ drill programme at the Zaranou gold project in Côte d'Ivoire.

The group said the programme will comprise some 50,000 metres of drilling – with 20,000 metres reverse circulation (RC), and 30,000 metres of aircore (AC) drilling. Two RC rigs will be in operation alongside one AC rig.

The RC portion of the programme is slated to complete in the fourth quarter. The group has a stated goal of providing results upon which IronRidge can define a maiden mineral resource estimate.

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Meanwhile, the AC programme will test the Ebilassokro, Yakassé, Super Pit and Mbasso target areas to advance the exploration portfolio. These are described as ‘step outs’, following on from results seen in ‘Phase One’. The AC drilling is also slated to end during the fourth quarter.

"Whilst waiting on final results from the second phase drill programme, we have re-mobilised the drill rigs and added a third rig to accelerate infill drill testing of the Ehuasso Main target and continue to build on the pipeline of exploration targets,” Len Kolff, IronRidge chief operating officer said in a statement.

"Sufficient drill pads and access has been prepared ahead of the rigs for the third phase infill RC programme to commence within the Ehuasso Main target and step-out AC exploration programme along the Ebilassokro, Mbasso, Super Pit and Yakassé targets.”

The recently completed ‘Phase Two’ drill programme comprised 416 holes, for 22,389 metres of drilling on the Ehuasso and Ebilassokro targets. Of that, some 20,312 metres or 404 holes were AC. RC drilling was used in 12 holes, totalling 2,077 metres.

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Price: 13.5 GBX

Market: AIM
Market Cap: £55.59 m

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