Ngot Project
Gold
- Granted to Unity Metals (Cambodia) over an area of 111.2km2 in the Mondulkiri Province on 4 August 2023.
- Extensive areas of recent and historical artisanal mine workings (both on primary and alluvial gold mineralisation) throughout the Ngot licence area.
- Multiple parallel zones of primary gold mineralisation associated with quartz ± arsenopyrite, pyrite, pyrrhotite veins have been located in and around the mine workings.
- Mineralisation within Ngot is similar to the intrusion-related gold (IRG) style of mineralisation at the +1.1Moz1 Okvau Gold Mine operated by Emerald Resources (ASX:EMR). The Okvau Gold Mine mining licence is directly adjacent to the Ngot exploration licence.
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Mineralisation in Ngot generally lies within a number of distinct NNE trending corridors:
- Okvau Mine Corridor: extends from the Okvau Gold Mine 2.5km NNE of Unity’s licence. Priority target is sheeted and stockwork mineralisation hosted in diorite intrusions where Unity’s rock chip sampling returned assays up to 44g/t gold & 33.3g/t gold.
- Mesam Mine Corridor: sheeted veins extend through eastern portion of Ngot from the Mesam Gold Mine (1.8km NNE). Gold mineralisation is associated with pyrrhotite and a series of magnetic anomalies extending over 5.4km will be the focus for exploration. A Unity rock chip from one of these veins returned 6.2g/t gold, 201g/t silver & 1.3% copper.
- Phnom Srolao Corridor: sheeted veins in the centre of the licence, which are the current focus of artisanal mining in Ngot. Unity rock chip samples up to 26.9g/t gold & 9.9g/t gold.
- Granite Hill Corridor: veins located in the western portion of Ngot. Historical rock chips up to 1.3g/t gold.
- No systematic exploration has ever been conducted over these areas.
- Next step is a grid-based (400m x 50m and 200m x 50m) soil sampling program (due to commence in H2 CY2023).
- This is the first systematic geochemical sampling to be conducted in Ngot and is expected to delineate gold anomalies on which Unity can focus its future exploration.
- Emerald Resources ASX Announcement 1 May 2017