ASX-listed African Gold has announced a material increase in the mineral inventory at Blaffo Guetto. This significant expansion, accomplished at a low discovery cost, stands as a strong testament to the consistently high-grade nature of the Blaffo Guetto deposit.
The updated estimate now represents a well-established and robust body of ore, providing confidence for future expansion and development. The mineralisation at Blaffo Guetto is now confirmed as continuous and well-defined over a strike length of 1.8 kilometres. Importantly, the deposit remains open in all directions, indicating considerable potential for further expansion through ongoing exploration activities.
African Gold, in collaboration with our strategic partner Montage Gold, is now well-positioned to capitalise on this increased resource. Our immediate focus is on growing the Blaffo Guetto resource while deepening our understanding of the mineralisation to guide ongoing exploration and development. In parallel, we are initiating the definition and advancement of additional prospective resources within our broader tenement package. This strategic progression is expected to unlock substantial value for our shareholders.
African Gold CEO, Adam Oehlman, commented: “We are extremely pleased to deliver a substantial upgrade to the Blaffo Guetto resource, a 119% increase that takes us to 989,000 ounces at an impressive 2.5g/t Au, and over 1 million ounces at lower cut-off grades. This outcome reflects the quality of the Didievi Project, having achieved this growth at a discovery cost of less than US$5 per ounce, an exceptional result by measure. Importantly, the resource remains shallow, high-grade, and completely open, both along strike and at depth, and does not yet account for the exciting new regional discoveries at Pranoi and the Poku Trend. With $12 million, we’re fully funded to accelerate drilling in July to both grow Blaffo Guetto and test high-potential regional targets. “This is just the beginning. Alongside our strategic partner Montage Gold, we believe we’re unlocking what will ultimately prove to be a multi-million-ounce gold system.”
Blaffo Guetto remains the most advanced prospect at the Didievi Project. However, recent success at the Pranoi prospect, where drilling has confirmed over 600 metres of continuous mineralisation along a potential 1.5 km strike length1, further highlights the broader potential of the Project. Similarly, encouraging results have been returned from the Poku Trend2, where only a limited portion of the 9 km-long soil anomaly has been tested with drilling, yet has already yielded significant mineralisation. Taken together, and without factoring in the eight additional drill-ready targets, these results highlight the strong potential of Didievi to host a multi-million-ounce gold resource with the scale to support a standalone operation.
Strategic Outlook:
Fully funded, accelerated drilling, and future discoveries
- African Gold is fully funded to execute on the next phase of resource expansion with A$12 million in cash and cash equivalents.
- With a standalone resource nearing 1 million ounces and growing, Blaffo Guetto provides a compelling foundation for a future multi-million-ounce gold system.
- The updated estimate does not include any recent regional discoveries across the broader Didievi Project, such as those at Pranoi and along the Poku Trend. Our drilling program will intensify in July, pursuing a dual strategic focus: Continue to expand Blaffo Guetto resource footprint and knowledge; and o Define, extend and progress classification of regional targets that are already returning encouraging results.
