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    • Delayed Prices (USD) - Last Updated 20-09-2021
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    High-grade gold results returned from Amani’s Kebigada deposit

    Amani Gold Limited (ASX: ANL) has announced a highly encouraging update from the Phase One diamond core drilling at Kebigada gold deposit of its Giro Gold Project.

    The company reported that high-grade gold assay results were returned for Phase One diamond core drillhole GRDD034 at Kebigada gold deposit.

    Significant results include 58m @ 1.61g/t Au from 204m (including 11m @ 2.75g/t Au from 208m and 10m @ 3.26g/t Au from 228m and 4m @ 1.82g/t Au from 254m); 23.65m @ 1.183g/t Au from 299m (including 1m @ 10.5g/t Au from 303m and 1m @ 3.72g/t Au from 308m); and 21m @ 0.76g/t Au from 335m (including 4m @ 1.48g/t Au from 335m and 1m @ 2.02g/t Au from 355m).

    ANL said that the drillhole GRDD034 has successfully targeted deeper high-grade sulphide associated gold mineralisation within the central core of Kebigada deposit and these assays are the deepest yet at Kebigada.

    The company reported that the Phase One drillhole GRDD035 that was completed with GRDD034 has been analysed and core samples sent to SGS Mwanza laboratory. The assay results are expected in mid-November.

    Amani announced that if significant gold mineralisation is intersected in GRDD035, additional drilling (Phase Two) may comprise a further 4 core holes, each 500m in length.

    Giro gold project

    The Giro Gold Project is located in the Haut-Uele Province, north-east Democratic Republic of Congo in Central Africa.

    The project comprises two exploration permits covering a surface area of 497km² and lies within the Kilo-Moto Belt of the DRC, a significant under-explored greenstone belt.

    The two key prospects of Giro project are the Kebigada and Douze Match prospects. The Giro Gold Project global resource now exceeds 3Moz gold; as combined Indicated and Inferred Mineral Resource estimates for the Kebigada and Douze Match deposits is 81.77Mt @ 1.2g/t Au, for 3.14Moz Au at a cut-off grade of 0.6g/t Au.

    The combined Indicated and Inferred Mineral Resource estimates for Kebigada and Douze Match deposits is 49.62Mt @ 1.49g/t Au, for 2.37Moz Au at a cut-off grade of 0.9g/t Au. Amani has previously outlined a gold resource at Kebigada of 45.62Mt @ 1.46g/t Au for 2.14Moz gold at a cut-off grade of 0.9g/t Au.

    Phase One diamond core drilling

    The company had recently completed Phase One diamond core drilling at Kebigada Deposit. The Phase One comprised of three dill holes, GRDD033, GRDD034, and GRDD035.

    The company has now reported the assay results from drillhole GRDD034. Drillhole GRDD034 was collared adjacent to section L750N and drilled with an inclination of 70° and an azimuth of 43° and targeted deeper gold mineralisation previously delineated in hole GRDD025.

    High-grade results from GRDD034

    Amani reported that drillhole GRDD034 has returned significant high-grade gold assay results. This includes 58m @ 1.61g/t Au from 204m (including 11m @ 2.75g/t Au from 208m and 10m @ 3.26g/t Au from 228m and 4m @ 1.82g/t Au from 254m); 23.65m @ 1.183g/t Au from 299m (including 1m @ 10.5g/t Au from 303m and 1m @ 3.72g/t Au from 308m); and 21m @ 0.76g/t Au from 335m (including 4m @ 1.48g/t Au from 335m and 1m @ 2.02g/t Au from 355m).

    Successfully targeted deeper high-grade gold mineralisation

    The company said that GRDD034 has successfully targeted deeper high-grade sulphide associated gold mineralisation within the central core of Kebigada deposit and these assays are the deepest yet at Kebigada.

    Amani said that the analysis of cut core of holes GRDD025 and GRDD034 indicates lithological continuity and style of mineralization.

    ANL said that the drillhole GRDD034 intersected sulphide mineralization in the form of dissemination, quartz/pyrite and pyrite veins, stringers and distinct pyrite laminas all of which may be associated with gold mineralisation.

    GRDD034 had intersected broad intervals of pyrite mineralization from 204.00m to 263.50m (59.5m interval containing 2-3% pyrite), from 286.9m to 322.5m (35.6m interval containing 1% pyrite) and from 334.0m to 373.0m (39.0m interval containing 1-2% pyrite). The company said that these sulphide intervals have correlated well with the returned gold assays.

    Next steps

    Amani said that Kebigada results are being assessed on an ongoing basis and additional holes planned and drilled when deemed necessary.

    The Company reported that it is currently planning a further infill programme intended to convert the high grade portion of the Indicated Resources to Measured Resources.

    The company reported that a number of significant soil anomalous in the immediate area of the main Kebigada mineralised structure will be tested with shallow RC drilling.

    Amani announced that if significant gold mineralisation is intersected in GRDD035, additional drilling (Phase Two) may comprise a further 4 core holes, each 500m in length.

    Management comments

    Amani’s Technical Director Grant Thomas commented: “These assay results from GRDD034 are highly significant as it indicates we have successfully targeted deeper high-grade gold mineralisation at Kebigada, the deepest yet.

    If the results are as good in the much deeper Phase One drillhole GRDD035 then we will need to consider implementing an additional phase of drilling asap. An upgrade of the Kebigada resource estimate also seems warranted”.

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    • Delayed Prices (USD) - Last Updated 20-09-2021
    • Gold $1,753.80
    • Silver $22.36
    • Platinum $934.00
    • Palladium $1,950.00
    • Dalian Iron Ore i2201 $97.28
    • Aluminium $2,885.50
    • Cobalt $53,380.00
    • Copper $9,312.00
    • Lead $2,181.00
    • Nickel $19,358.00
    • Tin $34,140.00
    • Zinc $3,088.00