https://www.engineeringnews.co.za

Maiden high-grade resource declared at Acacia’s West Kenya project

27th February 2017

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

     

Font size: - +

JOHANNESBURG (miningweekly.com) – With a maiden National Instrument (NI) 43-101-compliant inferred mineral resource estimate of 1.31-million ounces of gold at 12.1 g/t published for the West Kenya project, London-listed Acacia Mining plans to spend $12-million on exploration on a 45 000 m drilling programme for the Liranda corridor.

With six drill rigs now active on site, and two more to follow shortly, Acacia aims to increase the resource to two-million ounces by the end of the year.

“We also plan to commence a scoping study looking at the potential for an underground mining operation towards the end of 2017,” the company noted.

“This is one of the highest-grade projects in Africa today and we believe this initial resource is a first step in the delineation of a multimillion-ounce high-grade corridor,” CEO Brad Gordon said.

Since 2014, some 44 reverse circulation holes had been drilled for 4 438 m and 132 diamond core holes for 64 700 m on the Liranda corridor targets.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.075 0.873s - 140pq - 2rq
Subscribe Now