Tanzanian gold explorer, Indago Resources (ASX: IDG) has identified further broad gold mineralisation at the Nyanzaga Project from infill drilling.
Indago owns a 49% interest in the Nyanzaga Project in Joint Venture with Barrick Exploration Africa Ltd and has the ability to earn up to 68% on completing a Bankable Feasibility Study. Indago is Project Manager.
A total of 22 RC holes have been drilled with assay results received from the first 15 holes.
Infill drilling adjoining previously announced results has defined broad mineralization including 62m at 4.53 g/t from 3 metres and 62 metres at 2.89 g/t from 37 metres. Drilling has also high grade zones including 16 metres at 10.45 g/t from 144 metres.
Extension drilling shows continuation of mineralization to north east with 4 metres at 2.08 g/t from 56 metres and 6 metres at 6.6 g/t from 68 metres.
In work for the Pre-Feasibility Study, Indago is aiming to increase the available ounces in, and surrounding, the conceptual Tusker open cut mining operation defined in the Nyanzaga Scoping Study and increase the resource estimation confidence under JORC guidelines.
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