All company licenses in
Several gold discoveries made at the company’s four projects in
Over 100 artisanal hard rock gold mines mapped with grades up to 100 g/t gold (Au).
The results indicate the potential for several prospective structures several kilometers in length.
Two new licenses totaling 349 km2 awarded under the recent competitive tender.
Total land ownership in
Fully constituted operational team comprising 10 Egyptian geologists and two field offices.
Aggressive exploration campaign underway to define and prioritize potential drill targets.
‘Key highlights of the recent program include: the definition of a 12 km long discontinuous trend on the 175 km2 Wadi Dubur license, where sampling of numerous active and historic hard rock gold workings returned grades , including 51.1 g/t Au and 17.45 g/t Au.
Mapping of several hard rock gold workings within a 30 km long discontinuously mapped shear zone corridor within the 696 km2 Wadi Jundi permit, from which cuttings sampling returned grades up to 58 .3 g/t Au and 20.5 g/t Au, with rock chip results including 10.2 g/t Au and 9.53 g/t Au.
The discovery of a 2 km long discontinuous zone of hard rock artisanal workings on the 348 km2 Gabal Al Shaluhl permit, from which rock chip samples returned grades of 14.75 g/t Au, 9 .18 g/t Au and 6.16 g/t Au.
“Taken together, these results from our very first phase of exploration program in
“The company is also pleased to announce that it has been awarded two further projects totaling 349 km2 in the eastern desert of
‘We have now established our offices in the field and in
“I look forward to updating shareholders on our progress in
Projects: context and exploration results
The projects were awarded to Akh Gold, as part of
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Email: [email protected]
Certain information included in this announcement, including information relating to future financial or operating performance and other statements that express the directors’ expectations or estimates of future performance, constitute “forward-looking statements.” These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from results, future performance or achievement expressed or implied by the statements. . These factors include, but are not limited to, the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date of this announcement and the forward-looking statements contained in this announcement are expressly qualified in their entirety by this cautionary statement. Where the Company expresses or implies an expectation or belief regarding future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. The forward-looking statements contained in this announcement are made as of the date hereof, and the Company undertakes no obligation to publicly update or revise any forward-looking information or any forward-looking statements contained in any other announcement, whether as a result of new information, future events or otherwise, except as required by applicable law or regulation.