The best grade returned from Premier African Minerals Ltd (LON: PREM) assay results from recent sampling was 23.7 grams per tonne of gold at its newly acquired Mozambique tenement, with other samples bearing grades ranging from 1.11 grams to 1.72 grams.
“This remains an early-stage exploration and no resource conclusions may be drawn at this time,” said Premier African’s chief executive George Roach in a statement.
“The tenement area remains small, but applications are in process to expand the area on anticipated strike. The detection of gold in many samples taken and the specific location of the higher-grade samples is encouraging and supports our plans to expand exploration in this jurisdiction. Worth noting is the elevated grades of silver in all samples and the potential commercial significance of this in any future mine development,” he added.
Meanwhile, Premier African has proceeded with other prospecting applications in other areas in the Nampula province of Mozambique where active artisanal mining is taking place.