Toronto, Ontario–(Newsfile Corp. – June 3, 2024) – Pasofino Gold Limited (TSXV: VEIN) (OTCQB: EFRGF) (FSE: N07A) (“Pasofino” or the “Company“) is pleased to announce the completion of its diamond core drilling program testing the Bukon Jedeh ‘gold camp’ within the Company’s Dugbe Gold Project, Liberia.
11 holes were drilled for 1,328 m, on the 4 km long ‘gold camp’. Bukon Jedeh is a priority target for gold exploration and is located only 10 km southeast of the Company’s Dugbe Gold Project which has a 3.3 Moz Measured and Indicated Mineral Resource Estimate[1].
Insight into Drilling Program
The completion of Pasofino’s diamond core drilling program in the Bukon Jedeh area signifies a step towards unlocking the potential for high-grade gold mineralization in the region. By targeting specific sites within the ‘gold camp’, the Company maximized its chances of success, focusing on key mining pits, historic drilling intersections, and promising new holes. By identifying intervals rich in sulphide minerals, the drilling program aims to reveal the presence of gold-bearing lithology similar to that of adjacent deposits.
Exploration Results
- Several holes contain multi-metre wide intervals of pyroxene gneiss with sulphide minerals, indicating a potential host for gold mineralization similar to nearby deposits.
- The discovery of the SPMC-99 Steps trend, connecting two important gold-producing pits, presents an unexplored opportunity for high-grade material.
- Sampling and analysis of the drilled cores are expected to provide valuable insights into the gold potential of Bukon Jedeh, with preliminary results anticipated in July 2024.
Pasofino Interim CEO Warren Greenslade, commented: “The successful completion of the drilling campaign at Bukon Jedeh underscores the Company’s commitment to unlocking the larger gold potential within our concession. The presence of thick sulphide-bearing zones in the drill cores is a positive sign for potential gold mineralization, aligning with our exploration strategy.”
Insight into Geology
The geological logging of the drilled cores reveals sulphide-bearing zones within pyroxene gneiss, indicating a favourable setting for gold mineralization. In particular, the presence of silicification and quartz stringers in the gneiss suggests potential gold-bearing lithology awaiting confirmation through laboratory analyses. The geological characteristics observed visually during drilling point to a promising exploration path, with further analyses expected to validate the gold potential in the area.
Overview of Bukon Jedeh
The Bukon Jedeh area, historically significant for gold production in Liberia, has seen limited formal mining activity, presenting an opportunity for Pasofino to unlock untapped gold potential. The drilling program in this area aims to build on past exploration efforts and reveal the true extent of the gold mineralization through systematic targeting and analysis of core samples.
Way Forward
With the completion of drilling and sampling, Pasofino is on track to unlock the gold potential of Bukon Jedeh and pave the way for further exploration and development in the region. By leveraging existing geological knowledge and exploration evidence, the Company aims to establish Bukon Jedeh as a significant gold target within the Dugbe Gold Project, further enhancing the overall resource potential of the project.
Conclusion
Pasofino’s successful drilling program at Bukon Jedeh marks a significant milestone in the Company’s exploration efforts within the Dugbe Gold Project. The discovery of promising geological features, coupled with the strategic targeting of key areas, positions Pasofino well to uncover the full extent of the gold mineralization potential in Liberia. The upcoming laboratory analyses and results are eagerly awaited as they hold the key to unlocking the true value of Bukon Jedeh as a high-priority gold target.
