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Corporate Spotlight

DISCOVERY
Exploration, with an emphasis on geochemical and geophysical surveys and extensive drilling campaigns
ACQUISITION
Dedicated team, to identify and acquire quality gold assets in the DRC
MINING
Expand Giro Gold Project JORC resources and target near term mining operations
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HIGH GRADE GOLD

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HIGH GRADE GOLD ASSAYS FROM RC DRILLING AT PETEKU PROSPECT 

ASX Announcement 6 January 2020 


Highlights 

  • High grade gold assay results returned form reverse circulation drilling at Peteku prospect, Giro Gold Project. 
  • Significant gold assay results include; 
    • PTRC004: 3m @ 3.18 g/t Au from 36m, 6m @ 1.13 g/t Au from 62m and 1m @ 3.39 g/t Au from 102m 
    • PTRC003: 2m @ 1.53 g/t Au from 9m and 1m @ 1.59 g/t Au from 55m 
    • PTRC002: 2m @ 3.45 g/t Au from 46m and 1m @ 1.56 g/t Au from 80m 
    • PTRC001: 8m @ 1.24 g/t Au from 63m 
  • Peteku prospect is located approximately 4km southwest of Kebigada gold deposit (PE5046) and is currently an active artisanal gold mining site. 
  • Drilling targeted near-surface gold mineralisation below a regional gold-in-soil anomaly. 
  • As significant gold mineralisation has been intersected in these initial four drillholes, a further drilling program of circa 10 RC holes, each nominally 150m in length is planned. This drilling will target mineralisation along strike and deeper below the Peteku open pit.


Amani Gold Limited (ASX:ANL, “Amani”) is pleased to announce that the Reverse Circulation drilling operations (holes PTRC001 - PTRC004) at Peteku prospect, Giro Gold Project, has returned the following significant high-grade gold assay results (refer ASX Announcement 4 November 2019);


  • PTRC004: 3m @ 3.18 g/t Au from 36m, 6m @ 1.13 g/t Au from 62m and 1m @ 3.39 g/t Au from 102m 
  • PTRC003: 2m @ 1.53 g/t Au from 9m and 1m @ 1.59 g/t Au from 55m 
  • PTRC002: 2m @ 3.45 g/t Au from 46m and 1m @ 1.56 g/t Au from 80m 
  • PTRC001: 8m @ 1.24 g/t Au from 63m


Peteku prospect is located approximately 4km southwest of Kebigada gold deposit within Exploration Permit PE5046 (Figure 1) and is currently an active artisanal gold mining site. Peteku pit is located within granite and mafic volcanic rocks. Primary target for the artisanal miners is oxide gold hosted by quartz veins. The Peteku quartz veins and structures strike east-west and dip steeply to the north. Peteku is currently an active artisanal gold mining site with the pit approximate dimensions of 50m X 40m and 20m deep.


RC holes PTRC001 - PTRC004 were completed at depths of 77m to 120m and all have successfully targeted near surface gold mineralisation below a regional gold in soil anomaly (Figure 1). 


Drillhole PTRC004 was collared in granite and drilled with an inclination of 60° and an azimuth of 180° and targeted near surface gold mineralisation (Figure 1, Table 1). PTRC004 intersected intervals of carbonate-silica-chlorite altered mafic volcanic with pyrite mineralization from 47m to 49m (2m interval containing <1% pyrite), from 53m to 57m (4m interval containing <1% pyrite), from 60m to 70m (10m interval containing 1-2% pyrite), from 82m to 87m (5m interval containing <1% pyrite) and 96m to 99m (3m interval containing <1% pyrite) and intervals of quartz veins with pyrite mineralisation from 99m to 103 (4m interval containing 1% pyrite) m. This style of alteration and sulphide mineralisation of mafic volcanic and quartz veins are typically good indicators of gold mineralisation at Giro, specifically the Kebigada deposit. Best gold assay results; 3m @ 3.18 g/t Au from 36m, 6m @ 1.13 g/t Au from 62m and 1m @ 3.39 g/t Au from 102m (Figure 2, Table 2).


Drillhole PTRC003 was collared in granite and drilled with an inclination of 60° and an azimuth of 180° and targeted near surface gold mineralisation (Figure 1, Table 1). PTRC003 did not intersect intervals of altered granite or quartz veins. Best gold assay results; 2m @ 1.53 g/t Au from 9m Au and 1m @ 1.59 g/t Au from 55m (Figure 2, Table 2).


Drillhole PTRC002 was collared in granite and drilled with an inclination of 60° and an azimuth of 180° and targeted near surface gold mineralisation (Figure 1, Table 1). PTRC002 intersected intervals of silica altered granite with pyrite mineralization from 54m to 58m (4m interval containing <1% pyrite) and from 62m to 66m (4m interval containing 1% pyrite) and intervals of quartz veins with pyrite mineralisation from 8m to 10m (2m interval containing <1% pyrite) and from 83m to 84m (1m interval containing <1% pyrite). This style of alteration and sulphide mineralisation of granite and quartz veins are typically good indicators of gold mineralisation at Giro. Best gold assay results; 2m @ 3.45 g/t Au from 46m and 1m @ 1.56 g/t Au from 80m (Figure 3, Table 2).


Drillhole PTRC001 was collared in granite and drilled with an inclination of 60° and an azimuth of 180° and targeted near surface gold mineralisation (Figure 1, Table 1). PTRC001 intersected intervals of silica altered granite with pyrite mineralization from 43m to 71m (28m interval containing 1% pyrite) and from 91m to 98m (7m interval containing 1% pyrite) and an interval of quartz vein with pyrite mineralisation from 98m to 103m (5m interval containing 1% pyrite). This style of alteration and sulphide mineralisation of granite and quartz veins are typically good indicators of gold mineralisation at Giro. Best gold assay results; 8m @ 1.24 g/t Au from 63m (Figure 4, Table 2).


As significant gold mineralisation has been intersected in these initial four drillholes, a further drilling program of circa 10 RC holes, each nominally 150m in length is planned. This drilling will target mineralisation along strike and deeper below the Peteku open pit.


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HIGH GRADE GOLD FROM DRILLING KEBIGADA

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High Grade Gold Assays from Deep Drilling at Kebigada Deposit

ASX Announcement 16 December 2019


 Highlights 

  • • High grade gold assay results returned for diamond core drillhole GRDD035 at Kebigada gold deposit, Giro Gold Project. 
  • • Significant gold assay results include; 
  • ▪ 10.5m @ 1.08g/t Au from 0m 
  • ▪ 4.5m @ 4.63g/t Au from 31.5m (incl. 0.55m @ 27.3g/t Au from 32.45m) 
  • ▪ 38.5m @ 2.22g/t Au from 278m (incl. 3m @ 16.93g/t Au from 313m) 
  • ▪ 3m @ 1.96g/t Au from 477m 
  • ▪ 9m @ 1.89g/t Au from 484m (incl. 1m @ 12.9g/t Au from 487m) 
  • • Hole GRDD035 has successfully intersected high-grade sulphide associated gold mineralisation within the central core of the Kebigada deposit. GRDD035 is now the deepest drillhole completed at Giro (546.5m). 
  • • Phase One holes GRDD034 and GRDD035 are 240m apart and have both outlined high-grade gold mineralisation deeper than previously intersected at Kebigada. 
  • • These results indicate the potential for Kebigada deposit to substantially grow via targeted deeper drilling. As a consequence, additional drilling has been planned, which may comprise a further 4 core holes, each 500m in length. 
  • • A new updated resource estimate is warranted based on the assay results from Priority One drillholes GRDD034 and GRD035 and other holes completed post the maiden Kebigada resource estimate (2017).


Amani Gold Limited (ASX:ANL, “Amani”) is pleased to announce that the final Phase One diamond core drill drillhole GRDD035 at Kebigada gold deposit, Giro Gold Project, has returned the following significant high-grade gold assay results (refer ASX Announcements 14 and 31 October 2019); 


10.5m @ 1.08g/t Au from surface, 4.5m @ 4.63g/t Au from 31.5m (incl. 0.55m @ 27.3g/t Au from 32.45m), 

38.5m @ 2.22g/t Au from 278m (incl. 3m @ 16.93g/t Au from 313m), 

3m @ 1.96g/t Au from 477m and 9m @ 1.89g/t Au from 484m (incl. 1m @ 12.9g/t Au from 487m).


Drillhole GRDD035 has successfully targeted deeper high-grade sulphide associated gold

mineralisation within the central core of the Kebigada deposit and these assay results represent the

deepest yet at Kebigada.


Drillhole GRDD035 (546.5m) was collared on section L950N and drilled with an inclination of 70° and

an azimuth of 43° (Figures 1 - 3, Table 1) and targeted deeper gold mineralisation previously

delineated in hole GRDD032 (10m @ 4.36g/t Au from 102m (incl. 4.05m @ 9.3g/t Au from 103.75m))

and 88.1m @ 2.13g/t Au from 221.4m (incl. 3m at 35.86g/t Au from 238m, refer ASX Announcement 7

August 2017).


Analysis of cut core of holes GRDD032 and GRDD035 indicates lithological continuity and style of

mineralization. Drillhole GRDD035 intersected sulphide mineralisation in the form of dissemination,

quartz/pyrite and pyrite veins, stringers and distinct pyrite laminas all of which may be associated with

gold mineralisation.


GRDD035 intersected broad intervals of pyrite mineralisation from 140.6m to 194.5m (53.9m interval

containing 1% pyrite), from 211.5m to 227.0m (15.5m interval containing 1% pyrite), from 252.8m to

281.3m (28.5m interval containing 1% pyrite) from 301.7m to 316.5m (14.8m interval containing 1-2%

pyrite), from 379.5m to 428.0m (48.5m interval containing 1% pyrite), from 453.0m to 461.8m (8.8m

interval containing 1% pyrite) and from 491.0m to 537.0m (46.0m interval containing 1% pyrite). Also

typical of the Kebigada gold deposit is that consistently mineralised intervals are separated by narrow

non-mineralised zones with weak sulphidation and/or barren mafic dykes varying in width between

0.2m and 4.0m. These sulphide intervals have correlated reasonably well with the returned gold

assays.

GRDD035 also intersected a significant interval of oxide gold mineralisation from surface (i.e. 10.5m @

1.08g/t Au from 0m).


The first completed Priority One drillhole GRDD034 also successfully targeted deeper high-grade

sulphide associated gold mineralisation within the central core of the Kebigada deposit and returned

the following significant high-grade gold assay results); 58m @ 1.61g/t Au from 204m (including 11m

@ 2.75g/t Au from 208m and 10m @ 3.26g/t Au from 228m and 4m @ 1.82g/t Au from 254m),

23.65m @ 1.183g/t Au from 299m (including 1m @ 10.5g/t Au from 303m and 1m @ 3.72g/t Au from

308m) and 21m @ 0.76g/t Au from 335m (including 4m @ 1.48g/t Au from 335m and 1m @ 2.02g/t

Au from 355m, refer ASX Announcement 31 October 2019).


Phase One holes GRDD034 and GRDD035 are 240m apart and have both outlined high-grade gold

mineralisation deeper than previously intersected at the Kebigada deposit. These gold assay results

indicate the potential for the Kebigada deposit to substantially grow via targeted deeper and along

strike drilling. To this aim additional drilling has been planned, which may comprise a further 4 core

holes, each 500m in length.


Amani has previously outlined a gold resource at Kebigada of 45.62Mt @ 1.46g/t Au for 2.14Moz gold

at a cut-off grade of 0.9g/t Au. (refer ASX Announcement 23 August 2017, Figure 4 and Table 2). A new

updated resource estimate is now warranted based on the assay results from Priority One drillholes

GRDD034 and GRD035. In addition, the following drillholes were completed post the Kebigada maiden 

resource estimate and will also be included in the resource upgrade (refer ASX Announcement 7

August 2017).


Click here to view the full announcement 






GOLD DEALER LICENCE

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AMANI SECURES GOLD DEALER LICENCE IN TANZANIA 

ASX Announcement 25 November 2019


Highlights 

  • Amani Gold Limited (“Amani”) secures a Gold Dealer Licence in Tanzania via a 60% equity interest in Amago Trading Limited (Amago). 
  • Amago is a Joint Venture between Amani (through its wholly owned subsidiary) and a consortium of local mining industry professionals headed by Mr Bamwesiga Mwijage (40 % Consortium). 
  • The Gold Dealer Licence is housed in the Geita district mineral hub NW Tanzania. The Geita District produces 40% of all gold produced in Tanzania. 
  • The Geita district mineral hub is the first ever international gold exchange in Tanzania. 
  • The Gold Dealer Licence permits Amago to buy, sell or deal in gold which is expected to produce a revenue stream for Amani. Amani expects to complete its first gold trade in late November.


Amani Gold Limited (“Amani”) is pleased to announce that it has a secured Gold Dealer Licences in Tanzania via a 60% equity interest in Amago Trading Limited (“Amago”). The Gold Dealer Licence No. DL013/GTA/2019-2020 was granted to Amago by Ministry of Minerals Mining Commission, The United Republic of Tanzania.


Amago is a Joint Venture between Amani (via its wholly owned subsidiary) and a consortium of local mining industry professionals headed by Mr Bamwesiga Mwijage (40 % “Consortium”). Amago has opened an office in the Hub as a requirement of being granted a Dealer Licence.


The in-country members of the Amago joint venture were instrumental in gaining the Gold Trading Licence and will be responsible for sourcing gold in the Geita region. Gold secured by Amago in Geita will be shipped to Hong Kong for refining and sales.


The Gold Dealer Licence permits Amago to buy, sell or deal in gold which is expected to produce a revenue stream for Amani. Amani expects to complete its first gold trade in late November. 


Gold and Minerals Trading Hubs in Tanzania 

Tanzania has launched its first ever international minerals trading hub in the gold rich Geita District in the North-western part of the country and will accommodate buyers, miners, government offices, banks and dealers at a one-stop centre. Tanzania is the 4th largest producer of gold in Africa and the Geita District produces 40% of all gold produced in Tanzania. Artisanal and local miners produce approximately 20 tonnes of gold per annum in Tanzania and up to 90% of this is on-sold illegally; the mineral trading hubs will allow miners to access formal and government regulated markets. This move follows similar establishments made by governments in Botswana and South Africa.


The Geita District minerals trading hub is expected to attract both local and foreign gold dealers and is designed to be a model for other regional precious metals trading hubs in an effort by the government to crack down on illegal gold and precious metals trading.


The hub’s development at Geita is in line with President John Magufuli`s latest directive to ensure that Tanzania takes a lead in the international gold business. The international gold bullion market is expected to boost the earnings of the small-scale miners generated from gold mining activities as well as maximize government revenues. According to records from the Federation of Miners Association of Tanzania (FEMATA), there are more than six million small scale miners across Tanzania and more than US$1.54 billion in gold was exported in 2018.


Amani’s Managing Director; Mr Jacky Chan commented: “Tanzania has just opened its first international minerals trading hub at Geita, and Amani has moved quickly to secure a Gold Dealer Licence via our JV company Amago Trading Limited. The local members of the Amago joint venture are well established in the local gold mining industry amongst small and medium scale miners, and are well placed to source gold for purchase, which we plan to transport to Hong Kong for refining and sales. Amani expects our first gold trade to be completed in late November and that gold trading will eventually lead to a significant revenue stream for us” 


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UPDATE

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UPDATE TO REVERSE CIRCULATION DRILLING AT PETEKU PROSPECT, GIRO GOLD PROJECT

ASX Announcement 4 November 2019 


Highlights 

  • Update to RC drilling operations at Peteku prospect, Giro Gold Project (drillholes PTRC001 - PTRC004) – specifically alteration and sulphide mineralisation intervals. 
  • Peteku prospect is located approximately 4km southwest of Kebigada gold deposit (PE5046) and is currently an active artisanal gold mining site. 
  • Drilling targeted near-surface gold mineralisation below a regional gold-in-soil anomaly. 
  • Review of PTRC001 - PTRC004 RC rock chips (visual inspection only) has outlined several intervals within each hole of alteration and/or sulphide mineralisation which is typically a good indicator of gold mineralisation at Giro. 
  • Holes PTRC001 - PTRC004 were completed at depths of 77m to 120m with RC rock chip samples already en route to SGS Mwanza laboratory (Tanzania) for gold analysis. Assay results are expected in November. 
  • If significant gold mineralisation has been intersected in these initial four holes, further drilling may comprise a further 25 RC holes, each nominally 150m in length.


Amani Gold Limited (“Amani”) is pleased to announce an update to Reverse Circulation drilling operations (drillholes PTRC001 - PTRC004) at Peteku prospect, Giro Gold Project, specifically alteration and sulphide mineralisation intervals.


Peteku prospect is located approximately 4km southwest of Kebigada gold deposit within Exploration Permit PE5046 (Figure 1) and is currently an active artisanal gold mining site.


Peteku pit is located within granite and mafic volcanic rocks. Primary target for the artisanal miners is oxide gold hosted by quartz veins. The Peteku quartz veins and structures strike east-west and dip steeply to the north. 


Peteku is currently an active artisanal gold mining site with the pit approximate dimensions of 50m X 40m and 20m deep.


Drilling targeted near surface gold mineralisation below a regional gold in soil anomaly (Figure 1).


Holes PTRC001 - PTRC004 were completed at depths of 77m to 120m with RC rock chip samples already en route to SGS Mwanza laboratory (Tanzania) for gold analysis. Assay results are expected in November. Total initial drilling completed for 397m.


If significant gold mineralisation has been intersected in these initial four holes, further drilling may comprise an additional 25 RC core holes, each nominally 150m in length (total 3,750m). 


Drillhole PTRC001 was collared in granite and drilled with an inclination of 60° and an azimuth of 180° and targeted near surface gold mineralisation (Figure 1, Table 1). PTRC001 intersected intervals of silica altered granite with pyrite mineralization from 43m to 71m (28m interval containing 1% pyrite) and from 91m to 98m (7m interval containing 1% pyrite) and an interval of quartz vein with pyrite mineralisation from 98m to 103m (5m interval containing 1% pyrite). This style of alteration and sulphide mineralisation of granite and quartz veins are typically good indicators of gold mineralisation at Giro.


Drillhole PTRC002 was collared in granite and drilled with an inclination of 60° and an azimuth of 180° and targeted near surface gold mineralisation (Figure 1, Table 1). PTRC002 intersected intervals of silica altered granite with pyrite mineralization from 54m to 58m (4m interval containing <1% pyrite) and from 62m to 66m (4m interval containing 1% pyrite) and intervals of quartz veins with pyrite mineralisation from 8m to 10m (2m interval containing <1% pyrite) and from 83m to 84m (1m interval containing <1% pyrite). This style of alteration and sulphide mineralisation of granite and quartz veins are typically good indicators of gold mineralisation at Giro.


Drillhole PTRC003 was collared in granite and drilled with an inclination of 60° and an azimuth of 180° and targeted near surface gold mineralisation (Figure 1, Table 1). PTRC003 did not intersect intervals of altered granite or quartz veins. 


Drillhole PTRC004 was collared in granite and drilled with an inclination of 60° and an azimuth of 180° and targeted near surface gold mineralisation (Figure 1, Table 1). PTRC004 intersected intervals of carbonate-silica-chlorite altered mafic volcanic with pyrite mineralization from 47m to 49m (2m interval containing <1% pyrite), from 53m to 57m (4m interval containing <1% pyrite), from 60m to 70m (10m interval containing 1-2% pyrite), from 82m to 87m (5m interval containing <1% pyrite) and 96m to 99m (3m interval containing <1% pyrite) and intervals of quartz veins with pyrite mineralisation from 99m to 103 (4m interval containing 1% pyrite) m. This style of alteration and sulphide mineralisation of mafic volcanic and quartz veins are typically good indicators of gold mineralisation at Giro, specifically the Kebigada deposit.


The information provided is based on a visual review and interpretation of drillholes PTRC001 – PTRC004 and the actual assessment may vary from initial interpretation. Assay results from PTRC001 – PTRC004 are pending.


Click here to view the full announcement

ABOUT

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Amani Gold Limited (ASX:ANL) is targeting exploration at its flagship project, the Giro Gold Project, located within the significant, yet under-explored Moto greenstone belt in the Democratic Republic of Congo (DRC).


The Moto greenstone belt is also home to Randgold and AngloGold Ashanti’s 16Moz Kibali Project, located just 35km east of the Giro Project, where production commenced in 2013. In a move to acquire all prospective ground in the area and confirming the favourable mining environment in the region, Randgold holds all tenements between Kibali and Giro.


Amani has outlined a gold resource at Kebigada within the Giro Gold Project of 45.62Mt @ 1.46g/t Au for 2.14Moz gold at a cut-off grade of 0.9g/t Au (see ASX Announcement 23 August 2017).


In late 2018 Amani announced the Douze Match Maiden Indicated and Inferred Mineral Resource of 8.1Mt @ 1.2g/t Au, for 320Koz gold (0.5g/t Au cut-off grade) within the Giro Gold Project (see ASX announcement 10 December 2018).


The Giro Gold Project global resource now exceeds 3Moz gold; with the combined Indicated and Inferred Mineral Resource estimates for the Kebigada and Douze Match deposits at 81.77Mt @ 1.2g/t Au, for 3.14Moz Au. The combined resource is based on a 0.6g/t Au cut-off grade.


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