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Monday, April 22, 2024

Canadian Miners Hit New Gold Deposits In Southeastern Liberia

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Canadian Firm Pasofino Gold Limited is reporting potential new gold deposit of ‘Significant scale’ at its Dugbe Gold Project in Southeastern Liberia.

There’s gold mineralization in trenches at the Dugbe Shear Zone target which is 5km on trend from the 2.4 Moz Tuzon deposit at Dugbe mines, the company  announced Monday.

The trench results support Pasofino’s view that there are ample opportunities to add to the existing Dugbe F and Tuzon deposits, it said in a statement.

“Channel sample analyses have confirmed gold mineralisation in two new trenches at the DSZ target: 10 metres @ 0.7 g/t Au in TZTR101; 6 metres @ 1.6 g/t Au in TZTR102

“At Tuzon, grades may be lower in trenched(oxidised) material than in fresh drilling samples and so these results are very encouraging.

“Trench results indicate that a mineralised zone of significant scale is present at the DSZ target. Trenches are 120 and 330 m northeast on strike from previous trench TZTR091 which returned 36m with an average grade of 0.6g/t Au.

The zone is just 5 km from and on the same trend as the 2.4 Moz (Measured and Indicated) Tuzon deposit and hosted by the same rock-type – the potential for additional new Tuzon-type deposits is clear.

Of importance is that structural mapping in the trenches indicates that they are at a closure of an antiformal structure similar to Tuzon.

At Tuzon the limbs thicken and are refolded below surface – this is the reason that Tuzon is such a large deposit – the same may be the case at the DSZ target.

The DSZ target has not been drill tested. Drilling is the logical next step to test the grade and thickness of the DSZ mineralised zone and the antiformal structure.

“These results confirm that the zone of mineralization at the DSZ target has a surface expression of over 330 m and that it is on strike from Tuzon and hosted by the same rock-type which indicates the potential for multiple ‘Tuzon-like’ deposits in the area, Daniel Limpitlaw,” the company’s CEO, said.

“The next step at the DSZ target is drilling. There is potentially significant upside in the ground between the Tuzon orebody and the Sackor prospect.”

 

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