IronRidge reports progress at Ivory Coast programmes

IronRidge Resources updated the market on its gold exploration programmes underway in Ivory Coast, West Africa on Tuesday, confirming soil-sampling programmes had been completed at 400m line spacing over the Bianouan and Bodite projects.

The AIM-traded company said assay results had been received for more than 3,900 soil samples submitted for fire assay.

Eight coherent soil anomalies were defined at Bianouan at +10ppb gold in soil, with one anomaly up to 4.5km long and up to 1km wide.

Three coherent +75ppb and up to 7000ppb (7 g/t) gold in soil anomaly 'cores' were also reported at Bianouan with one anomaly 2km long and up to 800m wide, and seven +30ppb and up to 3,900ppb (3.9g/t) gold in soil anomalies defined at Bodite with one anomaly up to 3.5km long and 800m wide.

Follow-up hand auger drilling program at 400m and 200m x 20m sample spacing for a total of 2,500 samples was also underway at Bianouan, the board said, with an infill soil sampling program at 200m line spacing for a total of 1,700 soil samples underway at Bodite.

“The scale and continuity of the multiple soil anomalies defined adjacent to major gold hosting structures is compelling,” said IronRidge CEO Vincent Mascolo.

“A consistent and extensive 'core' soil anomaly of >75ppb over 2km strike and 800m width and up to 7g/t gold at Bianouan is significant and represents a high-priority target for further infill.”

Mascolo said the board was “very pleased” with the work programmes completed to date and its field teams had “aggressively advanced” the projects within a short time frame towards defining drill targets.

“We look forward to expediting the next phase of exploration programs and keeping shareholders and investors updated as more news becomes available.”