Georgi Magaranov, a consulting economic geologist employed by ET Geoart, is a Qualified Person as defined by National Instrument 43-101, has been jointly responsible with Dr.
Klipfel is not independent of the Company as he is an officer and shareholder. Analytical accuracy and precision are monitored by inclusion of field duplicates (1:50) and reference standards (1:20) into the sample stream.
ABZU PLATINUM ISO
ALS Chemex’s quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. Drill samples are bagged, closed and sealed at the sample site and kept secure in the care of field crews until delivered to the ALS laboratory in Kumasi, Ghana for gold fire assay and ICP multi-element analyses. Samples are collected systematically and in a consistent manner. Paul Klipfel, President and a Qualified Person as defined by National Instrument 43-101, has designed, planned, and supervised the work program at Mpatasie, Golden Reef, and Asafo and is responsible for all aspects of the work, including the quality control/quality assurance program. Qualified Person and Quality Control/Quality Assurance The Company is currently waiting for assay results for its Phase 1 Golden Reef drill program completed in July, 2011. Abzu has invested several years developing local and national relationships, key to its strategic land position on over 1,100 square kilometres of highly sought after and productive gold belts.Ībzu currently has field operations in progress in four areas in Ghana – Golden Reef – Mpatasie, U and N, Asafo, and now Nangodi. Ghana has strong land title laws and is one of the world’s most mining-friendly jurisdictions. Once the US$3,000,000 option expenditures have been incurred, Abzu and Red Back will form a joint venture which Abzu will manage and to which both companies will contribute proportionately to their interest.Ībzu is a gold exploration and development company working in Ghana, Africa’s 2nd largest gold producer and host to some of the world’s largest gold deposits. The government of Ghana retains a 10% interest in all concessions as per mining legislation of Ghana. Abzu’s current program is designed to improve understanding of the extent of gold mineralization.Ībzu Gold has the right to earn 51% of Red Back’s holding in these concessions by incurring exploration expenditure of a total of US$3,000,000 ($500,000 in year 1, $1,000,000 in year 2, and $1,500,000 in year 3). Mineralization is open in all directions. Mineralization at Nangodi Main consists of gold in stockwork and veins in a sheared quartz porphyry rock. The Youga Mine, just across the border in Burkina Faso, lies along this shear zone. The Nangodi Main and other targets align along a major shear zone identified by past explorers. Numerous targets ranging from soil anomalies to drill intercepts have been identified by past explorers on the Nangodi and Yameriga concessions. The Nangodi and Yameriga concessions offer the most advanced targets among a portfolio of 10 concessions, all with targets, currently under option agreement with Red Back Mining Ghana Ltd, a wholly owned subsidiary of Kinross Gold Corporation.
Our current data indicates significant gold grades and continuity over large widths indicating potential for a very sizable system.” Paul Klipfel, Abzu’s President said, “We are very excited to commence drilling the Nangodi target as it is an impressive gold-bearing vein and stockwork zone and provides a rare opportunity to follow up on unfinished positive results by others. Historical drill intercepts have intersected gold mineralization along a strike distance of 1.2 kilometres which is also the site of numerous artisanal mining sites where native gold is being recovered from crushed bedrock.ĭr. Gold in stockwork and quartz veins at Nangodi Main was previously evaluated by Africwest drilling in the mid-1990s near a 1930’s vintage underground mine that produced gold at an average grade of ~26 g/t gold. The drill program has been designed to evaluate historic gold mineralization at the Nangodi Main target, one of numerous gold targets on the Nangodi concession (Figure 2: ). (TSX VENTURE:ABS)(OTCQX:ABZUF) (“Abzu”) is pleased to announce commencement of drilling at its Nangodi concession, Bole-Nangodi Gold Belt, Ghana (Figure 1: ), one of 10 concessions currently under option agreement with Red Back Mining Ghana Ltd, a wholly owned subsidiary of Kinross Gold Corp. VANCOUVER, BRITISH COLUMBIA–(Marketwire – Sept.
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