Ianna Gold Project

Guyana Overview - Alicanto Projects Location Map

  • District scale project
  • >7km of mineralisation on 2 corridors identified within historical gold mining district
  • Over 13,000m historical drilling
  • Historical production dating back more than 100 years.

The Ianna Gold Project is located in Guyana’s Northwest Mining District, about 20km southeast from Alicanto’s ongoing exploration operations at the Arakaka Main Trend and Xenopsaris targets located within the Arakaka Gold Project.

The historical drilling covers limited strike extent to shallow depth, with ~95% of drilling testing less than 50m below surface and a significant proportion of holes ending in mineralisation (refer to ASX release 26 July 2016), with better intercepts including:
  • 50m @ 2.47g/t gold from 10m to end of hole;
  • 14m @ 4.27g/t gold from 24m;
  • 12m @ 3.84g/t gold from 20m;
  • 12m @ 3.99g/t gold from surface.
At Ianna, recent acquisition and expansion of the project has pulled together three discrete corridors of mineralisation, each with strong evidence for a system potentially capable of multi-million ounce gold resources. Completion of maiden drill tests at the Ianna Gold project have identified high grade vein gold mineralisation within the extensive hydrothermal alteration associated with significant gold assays in previously reported assays at each of four drilled target areas representing over 12km of strike extent potential across three mineralised structural trends within the 114km2 Ianna Project Area.

Two of the mineralised trends are host to historical drilling associated with extensive surface geochemical survey work, including over 12,400m of Reverse Circulation and 926m of Diamond drilling. The historical drilling covers limited strike extent to shallow depth, with ~95% of drilling testing less than 50m below surface and a significant proportion of holes ending in mineralisation.
Drilling across a number of targets identified high-grade vein gold mineralisation within the extensive hydrothermal alteration associated with significant gold assays in previously reported assays. The high-grade vein intercepts occur at both the Eastern Extension target, and at the southern extent of the Ianna Main intrusion. Results suggest potential for high-grade shoots of mineralisation associated with the broad zones of bulk tonnage style mineralisation identified at each of the target areas assessed as evidenced in previously reported results including (refer to ASX releases dated 26 July 2016 & 16 February 2018).
Ianna Main Intrusion
  • 50m @ 2.47g/t gold at End of Hole
  • 14m @ 4.27g/t gold
  • 12m @ 3.84g/t gold
  • 1.8m 10.7g/t gold from 43.3m

Eastern Extension Trend

  • 16.1m @ 1.4g/t gold at end of hole
  • 26.5g/t gold over 0.5m – IDD013
  • 6m @ 6.9g/t gold in trenching

Kings Ransom Trend

  • 12m @ 3.99g/t gold in RC
  • 20m @ 6.75g/t gold and 22m @ 1.9g/t gold in trenching

Results of the Initial drilling across five target areas confirmed extensive and pervasive alteration encountered are typical of a large-scale mineralising system, and the occurrence of visible gold and high- grade niche grades within the mineralised zones indicate potential for increasing volumes of higher grade material with further definition of the geometry of the intrusive body and structural complexities associated with that favourable lithologic feature.

Reconnaissance drilling returned significant intercepts across multiple prospects. Work is now focused on integrating datasets and prioritising prospect areas for future drilling targeting high grade shoots and to delineate areas of resource potential within the licence area. Trenching and Auger drilling will be ongoing in support of prospect assessment.

The broad zones of mineralisation identified provide considerable support to aggressively expand exploration activities into other prospects within the Project area with the potential to add further tenements within the Project perimeter.

The Project has excellent infrastructure, including existing camp facilities, an existing airstrip and river port landing on the property, and can be accessed by road from the Arakaka Project area.

Figure 1 | Ianna Plan Map with drill collar locations and summary of better intercepts received to date.

Figure 2 | Regional Geology of the Barama-Mazaruni greenstone belt hosting the Arakaka Gold Project and the Ianna Gold Project areas, with major structural corridors and locations of key target areas within each Project.

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