African Gold's new drilling venture

African Gold (ASX:A1G) has entered into a drill-for-equity agreement with Easy Drilling SARL for a significant 10,000-meter diamond drilling program at its Didievi Project in Côte d'Ivoire. This marks the largest drilling campaign in the company's history, aiming to expand the mineralization at the Blaffo Guetto deposit and explore adjacent targets.

African Gold's exploration ambitions

African Gold has signed a drill-for-equity agreement with Easy Drilling SARL, facilitating a 10,000-meter drilling program at the Didievi Project in Côte d'Ivoire. The initiative aims to expand known mineralization at the Blaffo Guetto deposit and explore new targets. The agreement allows African Gold to pay 50% of drilling costs in shares, enhancing financial capacity. The drilling, set to begin by November 2024, will focus on high-grade zones and unexplored targets. The project currently hosts an inferred resource of 4.93 million tonnes for 452,000 ounces of gold. African Gold aims to evolve Didievi into a multi-million-ounce gold deposit, strengthening its market position.

Executive insights on African Gold's strategy

The drill-for-equity agreement enhances African Gold's financial flexibility and allows us to focus on expanding our resource base. This program is a key part of our strategy to position Didievi as a major gold project in the region.