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Thursday, 21st October 2004 (3822 views)

African Gold has announced it has made further gold discoveries at its Konongo project in Ghana.<BR/><BR/>The mining firm has found substantial gold mineralisation in nine additional holes after further drilling work and all nine have good gold grades.<BR/><BR/>Mining results follow discoveries first made in September from the first five holes at the site in the Ashanti Gold Belt.<BR/><BR/>Co-chairman, John Teeling, said: "We now have 14 holes all reporting commercial grade gold mineralisation. The current drilling programme is on one of nine ore bodies on our licence, all showing similar geological characteristics. <BR/><BR/>"We estimated a gold resource of 900,000 ounces. This looks easily obtainable and may be conservative."<BR/><BR/>A host of other holes have also been completed and are currently under analysis with reports to be released in the near future.<BR/><BR/>Drilling is still continuing at the site.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3673594"/>

 

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