Business
Project Update, Chad
Project Update, Chad.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \nRNS Number : 5668D IronRidge Resources Limited 01 February 2018 \n\n01 February 2018\n \nProject Update Chad, Central Africa\n \nIronRidge Resources Limited (AIM: IRR, 'IronRidge' or the 'Company') is pleased to provide an update on its extensive gold portfolio in Chad, Central Africa. An aeromagnetics survey was successfully completed over two licences and the results generated justify extending the survey. \n \nHIGHLIGHTS:\n \nØ Aeromagnetics survey completed over northern half of Dorothe license and central portion of Am Ouchar license; final datasets received.\nØ Major structures evident at Dorothe; survey extended and commenced over southern half of license.\nØ Magnetic character evident in lithologies; Echbara license to be included in enlarged survey area.\nØ Structural expert from SRK Consultants, Perth, currently in the field completing detailed structural mapping at Dorothe to build a structural model.\nØ Trenching and sampling ongoing at Dorothe.\nØ Extensive soil sampling and mapping programmes underway over southern Dorothe; new artisanal workings defined.\n \nReference to figures relate to the PDF version of this release visible in PDF format by clicking the link below:\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/5668D_-2018-2-1.pdf \n \nCommenting on the Company's latest progress, Vincent Mascolo, Chief Executive Officer of IronRidge, said: \n \n\"We are encouraged by the results generated from the recent aeromagnetics survey. The aeromagnetics data will help us to understand the structural settings and possible controls on known mineralisation; thereby helping define potential additional targets for follow-up work.\n \n\"This data, coupled with the detailed structural mapping currently underway, will help build a better three dimensional understanding and further highlight potential controls on mineralisation and new target areas.\n \n\"We are extremely pleased with the progress made in Chad to date and we look forward to providing ongoing updates to the market.\"\n \nProject Update Chad\nDeliverables have been received from Southern Geoscience Consults, Perth, for the recent fixed wing aeromagnetics survey flown in December 2017 at 50m line spacing and 25m ground clearance by Xcalibur Airbourne Geophysics, South...