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Wednesday, 29th September 2004 (4758 views)

Axmin has announced today that it has discovered a 7,500 metre long gold zone after soil sampling at the Pouloubou permit in the Central African Republic.<BR/><BR/>The gold occurs along a northeast trending structure and it is thought that the conditions around the site suggest the area is of the Archaean age.<BR/><BR/>CEO, Dr Jonathan Forster said: "The results from Pouloubou suggest the discovery by<BR/>AXMIN of a second major gold district in the Central African Republic. <BR/><BR/>"Clearly these previously unexplored greenstone belts share similar characteristics to the better known Archaean belts in the gold rich Kilo-Moto districts of the Democratic Republic of Congo (DRC), and with time could become significant gold producers."<BR/><BR/>The site offers a potentially major gold target, according to Axmin, since it has a good location, coincident structural controls, lies between the greenstone belt and a gold rich district and has a large anomaly for gold.<BR/><BR/>Axmin's wholly owned subsidiary was given an exclusive exploration permit for the site in March this year.<BR/><BR/>The firm is a mineral exploration company with a strong focus on gold in properties across central and West Africa.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=3493508"/>

 

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