The Zani-Kodo project, located in the Ituri region of the Democratic Republic of Congo, has had a 13% resource update.Mwana Africa reveals that the total combined JORC compliant gold resource now stands at 2.975Moz at 2.43 g/t (based on a cut-off grade of 0.5 g/t), a 13% increase to the February 2013 resource update statement , which was itself a 30% increase to the previous February 2012 resource statement. The total indicated resource increased by 16% to 0.634 Moz at 3.33 g/t. The Kodo main deposit increased to 1.729Moz at 3.55g/t, a 10% increase from the February 2013 resource update statement.
The recently discovered Lelumodi deposit now stands at 0.549Moz at 1.84 g/t, a 24% increase from the February 2013 resource update statement. A new area, Lelumodi North, has yielded further positive results, with an initial inferred resource of 86,589oz at 2.34g/t.In accordance with the transition towards JORC 2012 requirements, a fourth (exploration target) classification has been introduced for the deepest extensions at Zani-Kodo and Lelumodi North. Whilst additional drilling is required to upgrade these figures to JORC resource status, the exploration target is estimated at 125koz to 300koz (grade range of 3.0 to 4.0 g/t) at Kodo, and, 97koz to 242koz (grade range of 2.0 to 2.5 g/t) at Lelumodi North. “The latest exploration drilling at Zani-Kodo has once again yielded positive results, with a further significant increase in the gold resource there. There is clearly a great deal of potential in this project and we remain excited about the future of Zani Kodo,” says Kalaa Mpinga, CEO of Mwana.