Perth-based EMetals (ASX:EMT) says fieldwork at its Mubende Gold Project in central Uganda has confirmed gold mineralisation extends beyond current artisanal workings.
A total of 40 soil samples and 77 rock chip samples were taken on the Bukuya target within the project, from which numerous high-grade rock chip samples were recorded, including 29.1 grams per tonne (g/t) gold, 9.2g/t gold, and 3.1g/t gold. .
Soil sampling also defined an anomalous zone across a strike of 1,200m, which remains open along strike in both directions.
Managing Director Mathew Walker says the initial results are “encouraging” and will form the basis of further exploration work in the near term, with the aim of planning a maiden drilling program.
“We are pleased to have a field team on the ground and to have commenced the systematic exploration of the highly prospective and significant landholding that comprises the Mubende Gold Project,” Walker says.
EMetals has also issued a participation notice to Ugandan incorporated company Sifang Mineral Resources, to acquire 80% of the project.
During July 2024, the company entered into a binding term sheet with Sifang to acquire an interest in Mubende.
The Mubende Project is an extensive landholding of 202km2 that covers a series of metasediments, predominantly characterised by meta-wacke’s and phyllitic slates, with occasional interbedded quartzite units and mafic volcanics.
EMetals says it follows a dynamic and proactive approach to mineral exploration, with its major projects focused on rare earths, precious and base metals.
