Embracing the cyclical nature of the mining sector
Multiple hard rock workings
233 g/t and 229 g/t Au (rock-chips)
Next Phase of Work:
Joint Venture Partner:
The 640 km2 Bella Yella exploration licence is situated in western Liberia, 130 km east of and along the same Archaean geological trend as the New Liberty gold mine (operated by AIM and TSE listed Avesoro Resources) which contains reserves of 924 Koz Au at a grade of 3.4 g/t Au. Bella Yella was selected on the basis of historic exploration data which identified 15 gold bearing drainages, predominantly around the Glubai Hills and Tenkeh Hills prospects. Soil sampling at Tenkeh Hills has defined a 1.4 km NE-SW striking anomalous zone, with gold in soil grades up to 5.35 g/t Au. The prospect remains open along strike in both directions. At the Glubai Hills prospect, 6.5 km south of Tenkeh Hills, soil sampling has defined a 7.5 km NE-SW striking anomalous zone which remains open along strike in both directions and follows a geological structure which can be traced for over 20 km.
The licence is accessed by surfaced and laterite roads and contains the artisanal gold mining village of Bella Yella and numerous other artisanal alluvial and hard rock workings.
Reconnaissance exploration across Bella Yella has identified multiple artisanal gold mining camps, including hard rock and alluvial workings. Rock chip samples from outcrops and quartz veins have returned high grades, including 233 g/t Au, 229 g/t Au and 35 g/t Au. Historic soil geochemical data from Bella Yella has delineated two main targets, which are coincident with topographic highs. The Glubai Hills prospect in the centre of the licence has a 7.5km striking gold-in-soil anomaly, and the Tenkeh Hills prospect hosts a 1.4 km long gold-in-soil anomaly to the north of the licence. Historic trench data indicates significant exploration potential with trench KTYR01 reportedly returning 67.9 m @ 0.27g/t Au in an area with a well-developed laterite profile. Further fieldwork is planned across these two key prospects, to include mapping and systematic trenching.