SALANIE PROJECT
Salanie Gold Project
The Salanie Gold Project in Gabon is located 16km from the major town of Lambarene, and less than 2km from the sealed N1 highway and lies within the Company’s 100% owned Keri Permit (G4-456).
Historical mining at Salanie in the mid-1950’s produced over 20,000 ounces of gold at 12g/t Au from quartz veins and alluvial workings. Reports indicate that 10g/t Au was sent to tailings during this period. The area has been untested by modern exploration for over 70 years.
Highlights:
- 12km trend of Archaean greenstone with gold occurrences (alluvial and hard rock) noted along the trend
- Two mineralised areas confirmed (Salanie Fault and P6 Prospect) containing high-grade gold samples within an open 12km gold trend.
- Multiple occurrences of visible gold in quartz veining – assaying up to 429g/t Au and 53g/t Au over +2.5km wide in veining
Figure 1: Salanie interpretated geology with gold prospects and peak sampling results.
Visible gold at the A1 Prospect – 429g/t Au (Refer Table 1).
- A1 is a key defined prospect:
- The A1 Prospect is part of the 1.5km long ‘Salanie Fault’ vein system identified in historical mapping from mid-1950’s with numerous gold occurrences noted along the trend;
- Field work has confirmed a strong broad structure at A1, with trench results of 2m @ 17g/t Au within 10.3m @ 3.4g/t Au; and separately 1.4m @ 15.7g/t Au
- Mapping indicates a 20m+ wide zone that extends for over 250m
- Soil geochemistry displays an open 1.3km gold and multi-element anomaly to the south of the Salanie Fault.
- A 1.5km controlling structure from A1 to A5 has been identified through noted visible gold and numerous rock chips along trend returning >10g/t Au
Figure 2 : Historical Mining Operations in the A3 Vein Area at Salane (c.1950)
Alluvial gold from A3 Prospect.