Australian mining company Auroch Minerals is set to conclude is gold prospecting programme in the “Guy Fawkes” sector of the northern region of a block in the central Mozambican province of Manica, the company said in a statement issued Tuesday.
With a view to increasing confirmed gold reserves of 2.97 million ounces at 1.83 grams per ton, the company has finished its 28th of a total 31 test drills and initial results confirm the presence of a classic mineral structure within quartz seams.
The company added that the samples collected in the remaining three tests are due to be sent to the laboratory in the next few days.
Five of the first seven test drills found 10.83 grams of gold per ton of material.
The test drilling in the “Guy Fawkes” sector accounts for 7,445 metres of an exploration programme of 22,000 metres that Auroch Minerals plans to carry out this year.
Auroch Minerals plans to develop and consolidate the Odzi-Mutare-Manica region, which has thus far remained practically unexplored, in order to turn it into a large gold mining project. (macauhub)