Peako Ltd Discovers Extensive Gold Systems in KSA Projects
Key points
- Peako Ltd has identified new gold systems in its KSA projects
- Rock samples at Wadi Jarir returned up to 41.5 g/t gold
- New gold systems discovered at Karak and Matar prospects
- High-grade mineralisation found at Ad Dirabi Mine
- Chairman highlights potential of KSA portfolio and exploration strategy
Full summary
Peako Ltd has announced the discovery of extensive gold systems in its Kingdom of Saudi Arabia (KSA) projects. Reconnaissance mapping and sampling programs identified an 8 km long quartz-carbonate vein corridor at Wadi Jarir with rock chip samples up to 41.5 g/t gold. New gold-bearing vein systems were also discovered at the Karak and Matar prospects in the Sukhaybarat project area, with samples up to 9.1 g/t gold and 22.9 g/t gold respectively. Additionally, high-grade mineralisation was confirmed at the ancient Ad Dirabi Mine, with rock samples up to 11.4 g/t gold. The company plans to follow up with high-resolution magnetic surveys and detailed mapping in preparation for a maiden KSA drilling program in early October.
Outlook
Peako Ltd anticipates further strong news flow with assay results pending from sampling programs at other KSA Project areas, enhancing targets ahead of the maiden KSA drilling program.
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