16th Aug 2018 13:34
LONDON (Alliance News) - IronRidge Resources Ltd said Thursday that it received multiple "high-grade gold trenching results" from extensional and infill trenching at the Dorothe prospect in Chad, Africa.
The company said that the results it received defined five large, coherent gold targets.
"Trenching programme has confirmed the extension of mineralisation below cover and the continuity of anomalous intervals between previously reported wider spaced trenches, providing confidence in the continuity and scale of the mineralising system at Dorothe," the company explained.
The company said that field work at the prospect will restart in October with a ground geophysics induced polarization survey planned in order to further define drilling targets.
Chief Geologist Len Kolff said: "The results are highly encouraging, not only due to the widths and grades intersected in 'fresh rock' but also because they demonstrate continuity and scale of the target zones."
IronRidge shares were trading down 3.25% at 23.00 pence each.
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