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ARA PROJECTS

Kiri Gold Project

  • This property is situated within 60km from the Okolom Gold Project, owned by government and is partially privatized. The Kiri Gold Project covers an area of approximately 376 km2 and comprises of two adjoining licences.

  • ARA Minerals Limited has been actively undertaking gold exploration at the Kiri project for well over two years. Artisanal gold mining has been undertaken in the area. ARA Minerals Limited has applied a variety of appropriate techniques to test for the presence of gold mineralisation. Although only part of the licence area has been covered in detail, a number of locations have been identified which warrant further work. Minerals frequently used as indicators of gold mineralisation have been found spatially related to geophysical and topographic features.
    The principal rock types encountered during mapping of the Kiri Project includes micaceous schist, amphibolites and gneisses. These are sometimes intruded by minor quartz veins. Minor rocks within the area consist of pegmatite and ironstones.

  • We have completed the first phase of the exploration works, which was executed by a geological consulting team from the University of Ibadan and preliminary result from the first phase indicated that the area possesses the requisite geological units with which gold mineralization are associated in the country. The various rock types and structural features identified also confirmed this. This is encouraging and shows the need for us to proceed to the next phase, the next phase will enable us conclude the geochemical and geophysical map of the property, which then leads to the drilling phase for resource and reserve estimate.

  • CSA Consulting International and Exploration Services UK has worked with us to review the local consultant works in other to see that it meets international good practice of resource determination.

 

  • RESULTS OF THE EXPLORATION WORK TO DATE


  • The presence of artisanal miners working stream placer deposits within the project area has been a strong indicator to the presence of primary hard-rock gold deposits within the concessions, and has helped direct the focus of the initial exploration work.
    Work on the project to date has consisted of geological mapping, widely spaced pitting in the area of the artisanal diggings, stream sediment sampling, orientation soil geochemical sampling and systematic soil geochemistry sampling. A total of 5,756 geochemical soil samples have thus far been taken, with a further 129 trench and pit samples.
    The pitting returned some anomalous gold values, but the sample spacing is too wide for meaningful trends to be established yet. Results from the initial orientation sampling have shown that soil geochemistry is an appropriate exploration tool in this area. There is a weak correlation between the high gold and high copper results.
    The stream sediment sampling programme has revealed that some drainage catchments contain elevated gold. The results of the detailed soil sampling are currently being assessed but preliminary indications are that the area contains anomalous elevated gold.
    All work has been carried out in accordance with recognised international practices. All datasets have been combined in a digital database and GIS (Geographical Information System) for analysis and interpretation. In addition ARA Minerals Ltd has recently acquired Airborne Magnetics Survey results for the concessions; this data will complement the company’s existing dataset, facilitating the further delineation of known target areas as well as helping to identify new ones.
    Although only part of the licence area has thus far been covered, a number of targets for detailed follow-up have already been identified.

    Spatial relationship of higher level gold assays using threshold values of 10 and 20 ppb.

 

  • Potential targets derived from spatial clusters of soil geochemical data (Au only)