ORTAC Resources Ltd Monday said strategic partner Andiamo Exploration Ltd has received the results of a rock chip sampling programme across its Ber Gebey prospect, which showed gold values of up to 23 grammes per tonne.
Eritrea is underlain by the volcano-sedimentary rocks of the Arabian-Nubian shield, one of the world’s most unexplored but potentially productive mineral provinces. It has only a handful of deposits now in production or under development.
The major styles of economic mineralisation include the volcanogenic massive sulphide (VMS) deposits; the geologically much younger orogenic and intrusive related gold deposits; and very large potash accumulations. Many of the outcropping VMS deposits form high-grade ‘gold caps’. The current rapid erosion of the elevated land surface has resulted in excellent exposure of the geology. Continue reading Northeast Africa and Middle East: Gold Frontier→