Amani Gold Limited (ASX:ANL) (Amani or the Company) is pleased to announce that it has received commitments to raise up to $2.5 million through the issue of up to 833 million fully paid ordinary shares (Placement Shares) at an issue price of $0.003 per share (Placement).
Amani Gold Limited
Amani Gold Limited (ASX:ANL) is targeting exploration at its flagship project, the Giro Gold Project, located within the significant, yet under-explored Moto greenstone belt in the Democratic Republic of Congo (DRC).
The Moto greenstone belt is also home to Randgold and AngloGold Ashanti's 16Moz Kibali Project, located just 35km east of the Giro Project, where production commenced in 2013. In a move to acquire all prospective ground in the area and confirming the favourable mining environment in the region, Randgold holds all tenements between Kibali and Giro.
Amani has outlined a gold resource at Kebigada within the Giro Gold Project of 45.62Mt @ 1.46g/t Au for 2.14Moz gold at a cut-off grade of 0.9g/t Au (see ASX Announcement 23 August 2017).
In late 2018 Amani announced the Douze Match Maiden Indicated and Inferred Mineral Resource of 8.1Mt @ 1.2g/t Au, for 320Koz gold (0.5g/t Au cut-off grade) within the Giro Gold Project (see ASX announcement 10 December 2018).
The Giro Gold Project global resource now exceeds 3Moz gold; with the combined Indicated and Inferred Mineral Resource estimates for the Kebigada and Douze Match deposits at 81.77Mt @ 1.2g/t Au, for 3.14Moz Au. The combined resource is based on a 0.6g/t Au cut-off grade.
Asian Activities Report for June 28, 2011: CGA Mining (ASX:CGX) to Increase Exploration Expenditure at Masbate Gold Project to US$20M
Asian Activities Report for June 28, 2011 includes: CGA Mining Limited (ASX:CGX) (TSE:CGA) is planning to increase the exploration expenditure at the Masbate Gold Project in the Philippines to US$20M in Financial Year 2012; Burey Gold Limited (ASX:BYR) has completed a 2,600-metre drilling program to further test anomalies at Balatindi Prospect in Guinea; Golden Cross Resources Limited (ASX:GCR) announced an upgrade of resource estimates at Copper Hill project in New South Wales; Thor Mining Plc (ASX:THR) is to revise the 2007 Definitive Feasibility Study capital and operating cost estimates for the Company's Molyhil tungsten and molybdenum project in the Northern Territory.
One of The Foremost Financial Forecasters in The World Set to Speak at The Gold Symposium, Sydney, 8-10 Nov 2010
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Burey Gold Limited (ASX: BYR) is pleased to report results from its recently completed exploration programme of Reverse Circulation (RC) drilling programme on the Mansounia Gold Project in Guinea.
Australia's latest capital raising for a gold and uranium explorer has closed oversubscribed after raising in excess of the maximum allowable target of A$5 million.