Pick of the week is Teranga’s Woulo Woulo

Teranga Gold has several mining projects in West Africa. Image credit: Teranga Gold

25 January 2021 – Early-stage gold exploration projects in Côte d’Ivoire continues delivering interesting results. WhyAfrica’s pick of the week is Canadian company Teranga Gold’s Woulo Woulo discovery at its Afema project in Côte d’Ivoire.

Teranga Gold announced strong drilling results on both the oxide and fresh mineralisation from its Woulo Woulo prospect at the Afema exploration project in south-eastern Côte d’Ivoire, West Africa. According to a statement by Teranga, the results include numerous near-surface gold intercepts. Woulo Woulo remains open along trend and to depth, building upon strong initial results announced in September 2020. According to Richard Young, president and CEO of Teranga, bottle roll tests conducted for a preliminary understanding of the potential leachability provided encouraging results.

“The results from our recent exploration and drilling at the Woulo Woulo prospect support our expectation that the Afema project has significant potential for future development,” says Young. “The combination of Teranga’s Afema, Massawa and Golden Hill projects and Endeavour’s already attractive pipeline has the potential to be one of the best organic growth pipelines of any senior gold producer,” Young adds.

The Woulo Woulo prospect is the most recent discovery at Afema, a project that covers more than 1400km2. It includes a historical near-surface oxide and sulphide resource and lies within an area hosting several gold mineralised structures on extensions from prolific gold belts in Ghana. “Our team is encouraged by the broad widths and considerable depths of gold mineralisation across the Woulo Woulo prospect’s entire known strike extent,” says David Mallo, VP, Exploration at Teranga.

“The solid grades and widths of mineralisation demonstrated within surface trenching correlate extremely well with mineralisation intersected at depth across the area drilled. It is also very encouraging to see that the initial results from the bottle roll tests indicate potential for a conventional leach extraction process. Our results to date continue to suggest that Woulo Woulo could be a large mineralised system warranting significant exploration and drilling evaluation,” says Mallo.

The Woulo Woulo prospect is comprised of four parts: North, Central, South, and East. Woulo Woulo West is now being readied for trenching and drilling. Each component of this prospect exhibits the same unique geologic host displaying similar alteration, structure, veining and mineralisation over a presently defined minimum strike extent approaching 3000m.

The recent discovery at the Woulo Woulo prospect has been outlined utilising coincident field mapping/prospecting observations, gold-in-soil geochemistry, airborne magnetics/radiometrics imagery and excavator trenching results. All have culminated in an ongoing systematic RC and DD drilling evaluation. “To date, we have drilled 137 DD holes and 23 RC holes totalling more than              22 000m at this high-priority prospect,” says Mallo.

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