Key points
- Completed extensive soil geochemistry sampling at Golden Eagle
- Results pending for 2,659 samples collected
- Preparations for UAV magnetics geophysical survey underway
- Southern Frontier shows significant gold prospectivity
- Northern and Western Frontier projects have copper and nickel potential
Full summary
EcoGraf Limited has reported progress on its gold exploration activities in Tanzania. At the Golden Eagle Gold Project, an extensive soil geochemistry sampling program has been completed, with 2,659 samples collected and results pending. The project is part of a US$9.0 million farm-in agreement with AngloGold Ashanti. At the Southern Frontier Gold Project, initial geochemical sampling has shown significant gold potential, with results indicating a 3 km gold anomaly. The company plans to expand its exploration activities across all Frontier projects, including Western and Northern Frontier, which also show potential for copper and nickel mineralization.
Outlook
The company anticipates further exploration and potential discoveries across its Golden Frontier projects, supported by favorable market conditions and geological settings.