- Toronto-based Pasofino Gold (VEIN) has received further assay results from its Dugbe F deposit
- The Dugbe F deposit is part of the Dugbe Gold Project in Liberia
- The drill results continue to prove the consistency of the grade of gold throughout the deposit
- 95 per cent of the infill holes within the deposit footprint have intersected mineralization
- Pasofino Gold is up 17.65 per cent, trading at C$0.10 at 11:58 am ET
Toronto-based Pasofino Gold (VEIN) received results from a further 18 holes drilled at the Dugbe F deposit in Liberia.
Dugbe F is one of two deposits on the Dugbe Gold Project, in which the company has an option to earn a 49 per cent economic interest.
The drill results continue to prove the consistency of the grade of gold throughout the deposit.
Of the 36 infill holes drilled within the deposit footprint at Dugbe F since the start of the program in January, 34 have intersected the main mineralized layer, supporting the continuity of the extensive and shallow gold mineralized sheet which is approximately 2.5 kilometres in length and up to 1.3 kilometre wide.
The Dugbe F drilling program was completed on April 21, 2021. 6,850 metres were drilled for 80 holes. Results have been received for approximately half of these. Sampling and analyses continue.
“The continuity of the Dugbe F mineralization continues to deliver with 95 per cent of the infill holes within the deposit footprint intersecting mineralization. All were drilled into the existing Inferred MRE which suggests that we may achieve a strong conversion. Meanwhile, we have drilled 12 exploration and resource holes at the 2 Moz (Indicated MRE) Tuzon deposit, the first of which we anticipate will be reported within days,” said Pasofino President Ian Stalker.
The 2,559-square-kilometre Dugbe Project is located in southern Liberia and situated within the south westmost part of the Birimian Supergroup, which is host to the majority of West African gold deposits. To date, two gold deposits have been identified on the Project; Dugbe F and Tuzon. The deposits are located within 4 kilometres of the Dugbe Shear Zone which is thought to have played a role in large scale gold mineralization in the area.
Pasofino Gold is up 17.65 per cent, trading at C$0.10 at 11:58 am ET.
