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IronRidge Resources Ltd

IronRidge Resources unveils high-grade drilling results for Bianouan gold licence

“We are now reviewing these positive results from Bianouan to implement an updated exploration plan for 2019/2020,” said chief operating officer Len Kolff

IronRidge Resources Ltd -

IronRidge Resources Ltd (LON:IRR) said it has received positive air-core drilling results for its Bianouan gold licence in Côte d'Ivoire.

A total of 1,415m of air-core drilling of 28 holes to an average at 50m depth was completed at Bianouan. High-grade results included:

  • 12m at 5.87 grams per tonne (g/t) gold from 10m, including 2m @ 33.8g/t gold
  • 8m at 1.29g/t gold from 8m, including 2m @ 3.17g/t gold
  • 1m at 3.13g/t gold from 32m at end-of-hole

“We are now reviewing these positive results from Bianouan to implement an updated exploration plan for 2019/2020,” said chief operating officer Len Kolff.

IronRidge has also completed an airborne magnetics survey at its Zaranou gold license in the south-east of the country, which will be used to identify drill targets.

A drone survey at the licence has resumed and this will provide images to assist in drill planning.

"The in-house drone survey over Zaranou is delivering exciting imagery of hard-rock artisanal workings and likely drill targets; high-resolution digital elevation models and imagery will be used for structural interpretation, targeting and environmental and social baseline monitoring in due course,” Kolff said.

At the Vavoua gold portfolio, a local drilling contractor has started auger drilling over the firm’s highest priority coincident geochemical and geophysical targets.  A total of 3,000 holes of first stage regional geochemical auger drilling is planned over Vavoua with 90 holes completed to date 

Elsewhere, regional geochemical soil sampling programme has begun at the Kineta west license area where rock chip sampling returned up to 53g/t gold from a new artisanal working site.

Quick facts: IronRidge Resources Ltd

Price: 9.25 GBX

Market: AIM
Market Cap: £30.9 m
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