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ALLIED GOLD PROVIDES UPDATE ON CONTINUED EXPLORATION SUCCESS AND PROJECT DEVELOPMENT AT KURMUK
ALLIED GOLD PROVIDES UPDATE ON CONTINUED EXPLORATION SUCCESS AND PROJECT DEVELOPMENT AT KURMUK ...
About this update from Allied Gold Corporation
[{"type":"text","content":"\n \n \n \n ALLIED GOLD PROVIDES UPDATE ON CONTINUED EXPLORATION SUCCESS AND PROJECT DEVELOPMENT AT KURMUK\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n June 26, 2024\n \n \n /CNW/ - Allied Gold Corporation (TSX: AAUC) (\"Allied\" or the \"Company\") is pleased to provide an update on the ongoing exploration and development activities at its Kurmuk Project in\n \n Ethiopia\n \n . Significant exploration results continue to support the high probability of Mineral Reserves and Mineral Resource growth, indicating substantial upside potential. The project, which remains on track for first production in mid-2026, continues to make significant strides in both project execution and exploration activities aimed at increasing mineral inventories, extending mine life, and enhancing overall value and future returns to shareholders.\n \n \n \n Recent significant exploration results at both Dish Mountain and Tsenge confirm the high prospectivity previously reported for the property and these near-mine targets. These results support the Company's objective to deliver significant Mineral Reserves and Mineral Resource growth from areas that can extend and improve Kurmuk's initial mine life and production profile. This, in turn, helps to achieve the Company's strategic goals, including reaching a minimum of five million ounces of gold in mineral inventories at the project.\n \n \n \n \n Cumulative exploration results at the Tsenge Project highlight the potential for significant additional economic mineralization within the project area, reinforcing Allied's vision that Kurmuk and the surrounding 1,269 km\n \n 2\n \n of exploration leases represent the potential for a new gold mineral province in\n \n Western Ethiopia\n \n .\n \n \n \n \n Key project advancements in recent months build upon the planning and preparation activities started in late 2023. These include the progress of the Engineering, Procurement and Construction Management (\"EPCM\") Early Works contract under DRA Global Limited (\"DRA\"), the o...