Ongwe Minerals Reports Expansion of Manga Gold Anomaly in Namibia
Ongwe Minerals Inc. has announced significant exploration results from its Omatjete Gold Project in Namibia, specifically highlighting the expansion of the Manga bedrock anomaly. Recent bedrock sampling confirms that gold mineralization continues eastward under thick calcrete cover, with the defined anomaly now stretching over two kilometers. The company reported that mineralization widens and increases in grade towards the east, remaining open for further discovery. Assay results ranged up to 470ppb, with twenty samples exceeding 100ppb. Notably, the highest-grade bedrock anomalies do not directly correlate with surface soil anomalies, indicating that previous drilling missed higher-grade zones located more than one kilometer east. CEO Dave Underwood emphasized the success of their bedrock sampling technique in identifying this hidden potential, drawing parallels to his previous experience at Osino Resources. Consequently, Ongwe plans to extend its sampling program to trace the mineralization further east and test blind magnetic targets. This development suggests an improved economic potential for the Manga prospect, marking a key milestone for the company's flagship Namibian projects.
Wire timeline
Ongwe Minerals Reports Expansion of Manga Gold Anomaly in Namibia
Ongwe Minerals Inc. has announced significant exploration results from its Omatjete Gold Project in Namibia, specifically highlighting the expansion of the Manga bedrock anomaly. Recent bedrock sampling confirms that gold mineralization continues eastward under thick calcrete cover, with the defined anomaly now stretching over two kilometers. The company reported that mineralization widens and increases in grade towards the east, remaining open for further discovery. Assay results ranged up to 470ppb, with twenty samples exceeding 100ppb. Notably, the highest-grade bedrock anomalies do not directly correlate with surface soil anomalies, indicating that previous drilling missed higher-grade zones located more than one kilometer east. CEO Dave Underwood emphasized the success of their bedrock sampling technique in identifying this hidden potential, drawing parallels to his previous experience at Osino Resources. Consequently, Ongwe plans to extend its sampling program to trace the mineralization further east and test blind magnetic targets. This development suggests an improved economic potential for the Manga prospect, marking a key milestone for the company's flagship Namibian projects.
Financial Post