- Pasofino Gold Ltd. (VEIN) reported results of rock-chip sampling at the Bukon Jedeh area on its Dugbe Gold Project
- The company highlighted results up to 1 ounce gold per tonne and a 4.1 km trend of artisanal gold mining dating back to the 1930’s
- The company noted that this work highlights the potential for discovery on the Dugbe Gold Project, which already hosts 3.4 million measured and indicated ounces and 0.6 million inferred ounces
- Shares in Pasofino Gold (VEIN) were trading steady at $0.66 as of 9:30 am ET
Pasofino Gold (VEIN) reported results of rock-chip sampling at the Bukon Jedeh area on its Dugbe Gold Project.
The company highlighted results up to 1 ounce gold per tonne and a 4.1 km trend of artisanal gold mining dating back to the 1930’s. 10 pits visited by Pasofino, at all of these, gold is extracted from fresh bedrock from up to 60 metres in depth.
All pits except two gave rock-chip samples with over 3 g/t gold. The TBS pit just north of main trend returned a sample with 31 g/t gold.
The company noted that this work highlights the potential for discovery on the Dugbe Gold Project, which already hosts 3.4 million measured and indicated ounces and 0.6 million inferred ounces.
Pasofino’s CEO, Daniel Limpitlaw, commented that these samples indicate the potential for additional high-grade gold zones and that prior operators’ exploration largely missed what is now a string of pits on a four km-long zone.
“This is a clear opportunity to bring more gold to the planned 200koz gold per annum production from the nearby Tuzon and Dugbe F deposits, a production rate determined by our recently completed Feasibility Study.”
The 2012/2013 historical Reverse Circulation drill-holes were mostly drilled off the trend of the artisanal pits which have been excavated since that time.
Pasofino Gold is a Canadian-based gold exploration company engaged in the acquisition, exploration, and development of mineral properties.
Its Dugbe Project is located in southern Liberia within the southwest most part of the Birimian Supergroup, which is host to the majority of West African gold deposits.
Shares in Pasofino Gold Ltd. (VEIN) were trading steady at $0.66 as of 9:30 am ET.
