Tag: Pasofino Gold Ltd.

Pasofino reported results from twelve holes at the Tuzon deposit at its 2,559km2 Dugbe gold project in Liberia, in which the company has an option to earn a 49% economic interest (prior to issuance of the Government of Liberia’s 10% carried interest). The results are from resource delineation drilling – including infill, some step-outs, and deeper extensions of old holes, targeting Zone B. The deposit is folded, and some previous drilling had only targeted the shallower Zone A, thus Pasofino can extend drilling to target the folded limb. We believe that these results will help add ounces to the resource at Tuzon, which currently contains 2.03M oz Au at 1.51 g/t indicated and 0.44M oz Au at 1.31 g/t inferred. Given the number of >2 g/t Au intercepts in Zone B, we might also expect the results to help boost the size of the mineral resource estimate, which is expected in early October 2021.

Pasofino reported results from six holes at the Tuzon deposit at its 2,559km2 Dugbe gold project in Liberia, in which the company has an option to earn a 49% economic interest (prior to issuance of the Government of Liberia’s 10% carried interest). Pasofino is an exploration stage company that recently completed a PEA in June 2021 for Dugbe, has a world-class operating team, and operates in a mining-friendly jurisdiction, located just 70km from Greenville port. To date, two gold deposits have been identified on the project – Dugbe F and Tuzon, located within 4km of the Dugbe Shear zone, which is thought to have played a role in large scale gold mineralization in the area (Figures 1 & 2). We believe that these results will help add ounces to the resource at Tuzon, which currently contains 2.03M oz Au at 1.51 g/t indicated and 0.44M oz Au at 1.31 g/t inferred. Given the number of >2 g/t Au intercepts in zone B, we might also expect the results to help boost the overall grade at this near-surface, open pit deposit.