Addis Ababa, November 6, 2020 (FBC) – Megado Gold Ltd’s fieldwork at Babicho Gold Project in the Adola Gold Belt of southern Ethiopia has confirmed strong upside at a number of targets ahead of its first drilling next week.
Fieldwork, including geological and structural mapping and surface sampling to confirm and expand upon historical data, has highlighted the coarse nature of the gold, with large quantities of gold grains and flakes.
The company has found strong evidence of artisanal workings and indications of occurrences of primary hard rock gold.
Historical soil samples have revealed more than two-kilometres of coherent gold-in-soil anomaly overlaying a major regional structure, and coincident with spectral targets.
Previous trench sampling validated by Megado highlights the potential for Babicho to host high-grades and substantial widths of gold mineralisation.
Trench results include 10 metres at 3.5 g/t gold from Trench C6, 1-metre at 35.3 g/t gold from Trench C5 and 1-metre at 24.8 g/t gold from Trench C7.
Visible coarse gold panned at Babicho has also confirmed free-milling gold potential.