Driving sustainable investment in African Mining

Aurum Discovery

Stand: Explorers Showcase, ES 11
  • Mining & Exploration Company

Ticker: Private 
Project Name: Aracai 
Project Location: Cameroon 
Commodity Exposure: Gold (plus Lithium, Nickel, REE) 
Company & Project Background: The Aracari Project consists of 5 exploration licences covering approximately 2,359 km2 in northern Cameroon. Centred on the mobile belt at the margin between the Congo and West African cratons, this package lies within Birimian/Eburnean greenstone terrane and covers more than 50 km strike of the deep-tapping, highly-prospective Tchollire-Banyo Shear Zone (TBSZ) and associated splay structures. Grab-sampling from sites of artisanal gold mining within the area has returned grades of up to 7.9 g/t Au from quartz veins coincident with a large gold-in-soil geochemical anomaly in the west of the project area (Bandjoukri Ouest licence).  

Less than 2 km along-strike to the southeast, the adjacent tenure (held by Oriole Resources PLC) contains a large (12.5 km) gold-in-soil anomaly with grab sample results up to 134.1 g/t Au. Recent (Q2 2023) channel-chip sampling in this area recorded significant mineralised intersections, including 2.2 m @ 8.47 g/t Au1. This mineralisation is open to the northeast, passing directly into the westernmost permits of the Aracari project. The Aracari project offers the chance to be an early-mover in an emerging, highly-prospective gold terrane that is currently significantly underexplored. The size of the tenure package provides significant upside potential along the TBSZ structure outside of the known mineralisation in the west, and this project clearly has the scale to deliver multiple additional discoveries. 

South Africa