eMetals Uncovers 300m Gold Anomaly at Uganda’s Busia Project

eMetals Limited reveals a significant 300-meter-wide gold-in-soil anomaly at its Busia Gold Project in Uganda, highlighting promising early exploration results within a highly prospective greenstone belt.

  • 300-meter-wide gold-in-soil anomaly identified
  • Anomaly coincides with a 9km banded iron formation
  • Project covers 32 square kilometers in Busia Greenstone Belt
  • 80% ownership via Sifang Mineral Resources Limited
  • License grant and land access negotiations progressing
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Exploration Breakthrough in Uganda

eMetals Limited (ASX – EMT) has announced encouraging results from its initial soil sampling campaign at the Busia Gold Project, located in central Uganda. The project, spanning approximately 32 square kilometers within the Busia Greenstone Belt, has revealed a 300-meter-wide gold-in-soil anomaly with values reaching up to 187 parts per billion (ppb) gold. This anomaly aligns closely with an extensive banded iron formation (BIF) that stretches over 9 kilometers across the license area.

Geological Context and Significance

The Busia Greenstone Belt is known for hosting significant orogenic gold deposits, including the nearby West Kenya Project held by Shanta Gold, which contains 1.76 million ounces at 5.55 grams per tonne gold. The Busia Project’s geology features metamorphosed volcanic and sedimentary rocks, with gold mineralisation typically associated with quartz veins and shear zones enriched in sulphides. The newly identified soil anomaly’s coincidence with the BIF suggests a structurally controlled mineralisation system trending north-south, a key insight for targeting future exploration.

Operational Progress and Challenges

The initial sampling campaign, conducted in April 2025, collected 133 soil samples over a 3.5-kilometer strike length. While land access restrictions limited the scope of this program, eMetals has completed all necessary administrative steps for the license application and is actively negotiating land access to enable more comprehensive fieldwork. Managing Director Mathew Walker expressed confidence that unrestricted access will be secured for the next phase of exploration planned for the coming quarter.

Next Steps and Outlook

Looking ahead, eMetals plans to undertake infill soil sampling on a tighter grid to better delineate the anomaly’s extent. Should the gold-in-soil anomaly persist along the BIF, trenching will be considered to further define the mineralised zones. The company anticipates the formal grant of the exploration license within the September quarter, which will pave the way for expanded exploration activities. These developments position the Busia Gold Project as a compelling early-stage opportunity within a proven gold province.

Strategic Positioning

eMetals’ 80% stake in the project is held through its acquisition of Sifang Mineral Resources Limited in 2024, reflecting a strategic focus on high-potential gold and rare earth element projects across Africa and Australia. The Busia results add to a growing portfolio that includes the Mubende Gold Project in Uganda and exploration licenses in Western Australia’s Albany Fraser Range, underscoring the company’s commitment to unlocking value from underexplored mineral belts.

Bottom Line?

With license approval imminent and land access negotiations advancing, eMetals is poised to accelerate exploration and unlock the Busia Project’s gold potential.

Questions in the middle?

  • Will the gold-in-soil anomaly extend beyond the initial 300-meter width along the BIF?
  • How soon can eMetals secure unrestricted land access to conduct more detailed exploration?
  • What are the implications of these results for defining a potential mineral resource estimate?