Andiamo holds the 252 sq. km Haykota exploration licence and located only 50 kilometres south west of the Bisha mine. It has several prospects for Volcanogenic Massive Sulphide (VMS) and copper-rich disseminated sulphide mineralisation, with near surface gold enrichment
By Sam Unsted,
ORTAC Resources Ltd Wednesday said exploration partner Andiamo Exploration has completed the surface trenching programme at the Yacob Dewar deposit in Eritrea.
The trenching programme was undertaken along the 1.5 kilometre strike length of the known gold and copper mineralisation at Yacob Dewar. Andiamo excavated 30 trenches totalling 2,362 metres in length to depths of two to six metres.
A total of 1,626 samples were collected from the trench bases and has been sent to the Intertek Genalysis lab in Perth, Australia for chemical analysis, said the company.
“The results will hopefully further confirm what we have seen in the recent excellent drilling results and enable us to model the deposit with much greater confidence and produce a maiden JORC compliant resource estimate for the deposit,” said Ortac Chief Executive Vassilios Carellas.
Ortac shares were down 2.3% to 0.254 pence on Wednesday.
