BWA Group (LSE:BWAP) said results from a new ground magnetic survey at the Aracari Gold Project and concurrent mapping and sampling programmes have strengthened confidence in the AOI-01 target.
The mining investment company, which holds permits in Cameroon and Canada, said the survey and mapping delineate granites, schists and a wide mylonitised zone along the Poli Thrust System and noted that Oriole Resources' Mbé permit, which hosts an inferred resource of 1.23 Moz at 1.08 g/t, lies less than a kilometre from BWA's boundary.
"These are highly encouraging results that further strengthen our confidence in the prospectivity of the permit," Peter Taylor, Chief Executive Officer.
SRK-processed ground magnetics covered approximately 30km2 at 100m line spacing using three GEM GSM-19W magnetometers over 12 field days and highlighted major regional structures including the Tcholliré-Banyo Shear Zone and the Poli Thrust System.
New geological mapping identified two granites to the west, an approximately 600m-wide mylonite marking the thrust contact, and moderately magnetic units in the Poli schists interpreted as iron-bearing quartzites or metavolcanics.
Quartz veins following foliation in the mylonite and schists show rare pyrite or iron-oxide staining, artisanal gold working has been recorded in granite and mylonite zones, and numerous schist-hosted veins have been sampled but remain unassayed.
BWA completed more than 500 soil samples on a 200m x 50m grid to generate geochemical anomalies, will dispatch samples to a laboratory for assay, and said it plans further programmes across AOI-06 to AOI-09.
