leadf
logo-loader
viewArrow Minerals Ltd

Arrow Minerals encouraged by results that extend Dassa gold discovery

Encouraged by results from recently completed reverse circulation drilling, the company plans to pursue a targeted program of drilling next quarter aimed at extending known gold mineralisation.

Arrow Minerals Ltd - Arrow Minerals encouraged by results that extend Dassa gold discovery
Arrow completed 2,215 metres of RC drilling in July and August 2020

Arrow Minerals Ltd (ASX:AMD) is encouraged by results returned from recently completed reverse circulation (RC) drilling that extends Dassa gold discovery within the Divole West project in western Burkina Faso.

The drilling was aimed at expanding known mineralisation and now, gold mineralisation has been discovered in two zones, each over 600 metres long, with both remaining open along strike and down-dip.

Significant shallow gold intersections include:

  • 6 metres at 1.1 g/t from 61 metres;
  • 4 metres at 1.1g/t from 113 metres; and
  • 1-metre at 1.9g/t from 35 metres.

"Results encouraging"

Arrow’s managing director Howard Golden said: “The drilling was curtailed due to the intensity of the seasonal rains. Nevertheless, 2,215 metres of RC were completed.

“The results were encouraging, bringing into focus the two zones of significant shallow gold mineralisation.

“Further, the mineralised zones continue into untested areas both north and south where drilling will continue when drier conditions return in Q4 2020.”

RC drilling

Arrow completed 2,215 metres of a planned 3,500 metres program of RC drilling in July and August 2020 at the Dassa discovery.

Nine of the 21 completed holes contained shallow intervals greater than one gram-metre gold and seven holes were abandoned before they reached the target depth.

Results are valuable and will allow Arrow to pursue a targeted program of drilling in the December quarter to extend the known gold mineralisation.

There is good potential for mineralisation to extend down-dip to the southeast, where the deeper sediment-granite contact target zone was difficult to reach due to the significant water inflow.

The results showed that gold is present all along the 3-kilometre strike drilled to date, the highest grade and thickest gold mineralisation is resolving into two large bodies separated by a structurally offset zone hosting lower grades of gold.

Next steps in Burkina Faso

Dassa remains open and further drilling is planned next quarter aimed at growing the discovery with a focus on expanding the north and south zones of mineralisation

Deeper drilling down-dip to the southeast to determine the extent of mineralisation along the contact target zone will allow the company to deepen some holes that it was unable to intersect due to unfavourable drilling conditions during the rainy season.

Arrow also plans surface mapping and geochemical sampling on its expanded Divole permits as well as on the Boulsa and Nako permit blocks.

In Australia

The company will undertake an airborne electromagnetic survey of volcanogenic massive sulphide (VMS) copper-gold anomalies on its Strickland project in Western Australia, which is expected to be completed before mid-October.

Quick facts: Arrow Minerals Ltd

Price: 0.0075 AUD

ASX:AMD
Market: ASX
Market Cap: $10.01 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Arrow Minerals Ltd named herein, including the promotion by the Company of Arrow Minerals Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Full interview: Arrow Minerals drilling extends gold discovery at Divole West

Arrow Minerals Ltd (ASX:AMD) chief executive officer Howard Golden updates Proactive on results from the maiden drilling program at Divole West exploration permit in western Burkina Faso. Previous results from December 2019 are now confirmed to be part of the larger Dassa gold...

on 23/1/20

3 min read