Akora Resources (ASX: AKO) reports that resource drilling at its flagship Bekisopa project in Madagascar has confirmed encouraging iron mineralisation that extends from surface to a depth of 67m, and at least 5km of strike.
The company’s 2021 drilling campaign has so far completed 30 shallow diamond drill holes for a total of 1,976m. The third stage of drilling, comprised of seven shallow holes, was completed on 29th August and displayed ‘excellent’ iron mineralisation intercepts.
Iron mineralisation was confirmed along 5km of the 6km strike, with drill holes intercepting high-grade massive, weathered iron mineralisation. These successful results have seen the campaign expanded to a total of 5,000m, and provide potential for a significant initial resource tonnage at Bekisopa.
The 93.5km² Bekisopa project, located approximately 220km from the Madagascar west coast, consists of three granted research permits along with one granted small scale mining permit.
The project, based on historical exploration and evaluation, has potential for near surface direct ship ore, and has a stated potential estimated at greater than 150Mt.
Drilling at Bekisopa is expected to continue through until October, with work continuing on a 24-hour roster.
Images: Akora Resources Ltd