IronRidge discovers 'encouraging' magnetic anomaly at Côte d'Ivoire licence
Minerals exploration company IronRidge Resources has discovered a 2.8-km-long and 800-m-wide magnetic anomaly at its Zaranou gold licence, in Côte d'Ivoire.
"The discovery of the large . . . distinct magnetic anomaly is highly encouraging as it occurs centrally within the 16-km-long zone of intensive hard-rock artisanal gold mining.
"It represents a direct drill target that is blind at surface and provides a compelling geological and structural basis as to the location of intensive hard-rock artisanal gold mining within the licence area," IronRidge COO Len Kolff commented in a statement issued on Monday.
The Aim-listed company pointed out that the discovery of the anomaly, along with multiple smaller 200-m- to 800-m-long anomalies along strike, showed variation in the magnetic signature of the rocks directly around where the hard-rock artisanal gold workings occur.
"This could be an indication of rock type variation and, importantly, rheological contrast, providing favourable structural trap sites for gold mineralisation to occur. At this stage, it is unclear as to what is causing the magnetic feature; however, it may represent an intrusive body at depth," IronRidge noted.
Kolff added that the company was planning a maiden 6 500 m drill programme, which would likely get under way in December, to test the mineralised structures using a combination of air-core traverses and deeper targeted reverse circulation drill holes.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation