Mwana Africa has announced a 41% increase in the JORC compliant gold resource at its 80% owned Zani-Kodo gold prospect in the Ituri region of north eastern DRC.
The total combined resource for the Zani-Kodo project now stands at 2.01Moz (based on a cut-off grade of 0.5g/t), a 41.5% increase in ounces since July 2011.
The areas covered by the Zani Kodo resource update include Kodo Main, Badolite and Zani Central:
Kalaa Mpinga, CEO of Mwana, commented:"The increased tonnage and grade of our resource at Zani-Kodo, announced today, confirms our belief that we have a world class gold deposit situated in a new, major, emerging gold province now developing in Africa."
At 9:44am: (LON:MWA) share price was +0.22p at 5.1p
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