Business
Chad Gold Projects Renewed for a Further 4 Years
Chad Gold Projects Renewed for a Further 4 Years.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \n \n \n RNS Number : 6961F\n IronRidge Resources Limited\n 18 November 2020\n \n \n \n \n 18 November 2020\n \n \n \n \n \n License Renewals Granted\n \n \n Dorothe, Echbara and Am Ouchar Licenses\n \n \n Chad Portfolio, Central Africa\n \n \n \n \n \n IronRidge Resources Limited (AIM: IRR, \"IronRidge\" or the \"Company\"), the African focused minerals exploration company, is pleased to announce that it has been granted four-year license renewals with corresponding area reductions by the Ministry of Petroleum and Mines for the Dorothe, Echbara and Am Ouchar licenses, now covering 446.25km2 within an overall 746.25km2 portfolio of highly prospective gold tenure, including the drill-ready Dorothe Gold Project, approximately 180km south-east of Abeché in Eastern Chad, Central Africa.\n \n \n \n \n \n Figures and Tables referred to in this release can be viewed in the PDF version available via this link:\n \n \n \n \n http://www.rns-pdf.londonstockexchange.com/rns/6961F_1-2020-11-18.pdf\n \n \n \n \n \n \n \n \n \n \n HIGHLIGHTS:\n \n \n Ø \n \n Four-year license renewals and corresponding area reductions granted by the Ministry of Petroleum and Mines for the Dorothe, Echbara and Am Ouchar licenses which now cover a combined 446.25km2 within the Company's overall 746.25km2 portfolio in Chad.\n \n \n \n Ø \n \n Highly prospective gold portfolio covers a total of 746.25km2 and includes the Kalaka and Nabagay licenses and the drill-ready Dorothe Gold Project.\n \n \n \n Ø \n \n Portfolio interpreted to represent an unexplored Intrusion Related Gold (\"IRG\") system; potential analogue of the Tintina Gold Belt in Alaska-Yukon with notable deposits including Donlin Creek (Barrick / Novagold, >45Moz), Fork Knox (Kinross, ~10Moz), Pogo (NST, ~10Moz) and Dublin Gulch (Victoria Gold Corp., >3Moz).\n \n \n \n Ø \n \n Dorothe target covers a 3km x 1km zone of artisanal workings with previously reported trenching highlights at 0.2g/t cut-off and 2m of dilution and 0.4g/t cut-off and 4m of dilution:\n \n \n \n o \n \n Trench 37: 84m at 1.66g/t from 80m incl. 6m at 5.49g/t & 8m at 6.23g/t*\n \n \n \n o \n \n Trench 27: 4m at 18.77g/t from 410m incl. 2m at 36.2g/t+\n \n \n \n o \n \n Trench 33: 32m at 2.02g/t from 344m incl. 18m at 3.22g/t\n \n \n \n o \n \n Trench 39: 24m ...