Alecto Minerals announced that its project in Ethiopia is progressing well, earlier this week. The Wayu Boda project in the Adola
Greenstone Belt located in Southern Ethiopia, was said to have returned a report of 47.4 grams of gold per ton, based on rock chip sampling.
Samples from artisanal workings were reported to have a registered up to 31.7 grams per ton while trenching returned 4.8 grams per tonne in 1.3 meters. The group indicated that it also had completed satellite imagery of the area.
Alecto is currently undertaking geophysics, ground magentics and soil sampling with results expected to be published in the first quarter according to Damien Conboy, Managing Director of Alecto. The mining company hopes to advance to the next stage of the exploration after completing the ongoing task he added.
The results obtained demonstrate the high grade potential in the region said Conboy. The area in which the Alecto concession is located also hosts the 160 thousand ounce per year Lega Dembi Gold Mine owned and operated by MIDROC and the Dawa Gold project he noted.Alecto announced reports from its iron oxide, copper, gold target in Mauritania, which tested the “extent and tenor” of the mineralization on the Chiron prospect separately.
Source: ENA
