Abzu Gold has reported additional results from extra ten holes drilled at the Nangodi gold property located in Ghana. The drilling results show the existence of large mineralized gold along the tested Nangodi system for 1,200 m.
Map of the Nangodi Main project area showing the interpreted extent of mineralization and location of Abzu's current drill holes
The tested system stays exposed in every direction. The company has planned for the next drilling phase at the Nangodi property during the second quarter of 2012.
The company has encountered 1.92 g/t gold over 11.0 m, 1.26 g/t gold over 27 m and 0.68 g/t gold over 112 m from the hole NGDD-23.
According to Dr. Paul Klipfel, President of Abzu Gold, these drill results have validated that exploration conducted at Nangodi property has involved analyzing a large shear related gold system, which is very similar to other multimillion ounce deposits present all over West Africa. The Nangodi system stays exposed at depth and beyond its 1.2 km strike length that provides significant potential for exploration.
Abzu’s phase I drilling results from Nangodi have defined several parallel gold mineralization zones and a 5 to 10 m of extensive high-grade zone present in wide gold mineralization area constant with targets, which have bulk gold mining potential.
Mineralized gold is present in a steeply dipping northeast zone along with several parallel subzones that have expanded for at least 600 m towards the northeast and 550 m towards the southwest from the previous Nangodi mine. The host shear zone has expanded over 100 km and can be traced locally by artisanal works for more than 4,000 m and in outcrop.