- Pasofino Gold (VEIN) has received the results from 17 additional drill holes at the Dugbe F deposit in Liberia
- Since January, nearly 7,000 metres have been drilled at Dugbe F with the aim of completing 80 drill holes
- The newly released drill results support previous inferred and indicated mineral estimates with gold grades of up to 1.78 g/t over 6.4 metres
- Pasofino Gold is a Canadian mineral exploration company
- Pasofino Gold Limited (VEIN) is up 4.55 per cent, trading at $0.115 per share
Pasofino Gold (VEIN) has received the results from 17 additional drill holes at the Dugbe F deposit in Liberia.
Dugbe F is one of two deposits on the Dugbe Gold Project. Since January, nearly 7,000 metres have been drilled at Dugbe F with the aim of completing 80 drill holes.
These new holes have been drilled between existing holes to increase the density of intersections in certain areas of the deposit.
The results of the infill drilling to date are encouraging, supporting both grade and continuity. Ian Stalker, CEO of Pasofino Gold, commented on the results.
“The emergence of a coherent significantly thickened area of the Dugbe F deposit is excellent,” he said, “as it provides additional tonnes for the upcoming Mineral Resource Estimate and is an obvious area to develop during the early years of the mine-life.”
The current inferred mineral resource at Dugbe F is 16.3 metric tonnes with an average grade of 1.57 g/t gold. The indicated mineral resource estimate at the deposit is currently 5.8 metric tonnes with an average grade of 1.46 g/t gold.
The newly released drill results support these estimates with gold grades of up to 1.78 g/t over 6.4 metres.
The Dugbe F deposit is 2.5 kilometres long and ranges in width from 1.3 kilometres in the south to 200 metres in the north. The mineralized layer is mostly continuous except where cut by cross-cutting pegmatite intrusions or where it comes to surface and has been eroded.
Additional holes drilled into this feature will be reported later in June.
Pasofino Gold is a Canadian mineral exploration company. The company has an option to earn a 49 per cent economic interest in the Dugbe Gold Project.
Pasofino Gold Limited (VEIN) is up 4.55 per cent, trading at $0.115 per share as of 10:58 am ET.
