The project
The Nyakafuru JV project lies approximately 50 km northwest of the Buzwagi gold mine. It covers an area of approximately 165 km2 and is in the vicinity of Resolute’s 100% owned significant Nyakafuru resource.
The project is a Joint Venture between ABG (51%) and Resolute (49%). ABG are the managers and operators of the project.
The opportunity
The Nyakafuru JV properties have several prospects with delineated gold mineralisation. Further drill testing is needed to fully delineate any upside potential. Additionally, a number of surface geochemical targets have had minimal to zero drill testing.
- The opportunity is to identify extensions to known mineralisation and/or to find further gold mineralisation of sufficient quality and quantity to truck to our Buzwagi operation.
- Gold mineralisation is noted in a number different geological and structural environments including as disseminated and stockworks.
Activity to date
We have conducted geological mapping, prospecting of historical and artisanal workings, geochemical surveys (soil, auger and rock chip sampling), geophysical surveys (magnetic, EM and IP) as well as RAB, AC, RC and diamond drilling.
This work has led to the identification of a number of prospects:
- The most significant is a portion of the Grange deposit.
- Nyakasaluma and Redgate (which includes drill intercepts of 3m @ 7.3g/t Au, 5m @ 6.6g/t Au and 10m @ 2.7g/t Au)
- Mwagi Magi South and Magi soil anomalies
- The southern portion of the Western Greenstone Contact auger geochemical anomaly.
Forward activity
A programme of Aircore and RC drilling of various targets has been developed and will be undertaken during Q3-Q4 2011.