650m by 100m Gold Zone Defined at Tougbe with Up to 3.22 g/t Au Intercepts

Enegex Limited has defined a substantial new gold drill target at its Tougbe permit in Côte d’Ivoire, supported by robust power auger drilling results that confirm and enhance historical data. Follow-up aircore drilling is set to begin in February, alongside progress on multiple new exploration permits.

  • 650m by 100m, 10-hectare gold drill target defined at Tougbe
  • Power auger drilling confirms and improves on historical aircore results
  • Multiple holes show significant gold grades including 18m at 1.59 g/t Au
  • Follow-up 3,000m angled aircore drilling planned for early February
  • Four new exploration permits granted, expanding Côte d’Ivoire footprint
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Strong Auger Drilling Defines Large Gold Target

Enegex Limited has announced compelling results from its recent power auger drilling program at the Tougbe exploration permit in Côte d’Ivoire. The program has delineated a substantial gold mineralised zone measuring approximately 650 metres in length and over 100 metres wide, covering an area of about 10 hectares. These results not only confirm but in some cases improve upon historical aircore drilling data, suggesting a broad and significant gold system.

The power auger drilling comprised 70 holes totalling 1,129 metres, with composite samples taken generally every 4 metres. Noteworthy intercepts include 18 metres at 1.59 grams per tonne (g/t) gold, including 8 metres at 3.22 g/t from surface, and other intervals showing consistent mineralisation. Historical aircore results within the same target area also reported substantial widths and grades, reinforcing the prospectivity of the zone.

Geological Context and Mineralisation Style

The gold mineralisation is interpreted as multiple sets of steeply dipping quartz veins hosted within metasedimentary rocks. This structural setting aligns with the major northeast-trending fault corridors known to host orogenic gold deposits in the region. The presence of quartz veining in anomalous samples supports the interpretation of vein-hosted gold mineralisation, although the vertical nature of the auger holes limits precise orientation analysis.

Given the limitations of vertical auger drilling for this style of mineralisation, Enegex plans to undertake an angled aircore drilling program of approximately 3,000 metres starting in early February. This follow-up drilling aims to better define the thickness and orientation of the gold-bearing zones, providing a clearer picture of the deposit’s potential.

Expanding Exploration Footprint and Progress at Gogo Permit

In addition to the Tougbe results, Enegex has received government grant documents for four new exploration permits, Tougbe East, Gogo West, Toumodi, and Dimbokro. These permits expand the company’s strategic landholding in the prolific Birimian gold belts of West Africa. Reconnaissance mapping and geochemical sampling programs are planned to commence shortly across these new areas.

Meanwhile, at the adjacent Gogo permit, trenching and power auger drilling have been completed with assay results pending. The company has identified new structural targets and plans further soil sampling and drilling, indicating a methodical approach to advancing its Côte d’Ivoire portfolio.

Strategic Significance and Next Steps

The Tougbe and Gogo permits represent Enegex’s most advanced exploration projects in Côte d’Ivoire, covering a combined 1,534 square kilometres along a 65-kilometre strike in a region known for significant gold deposits. The combination of artisanal mining activity, historical exploration data, and recent drilling results positions these projects as near-term priorities for the company.

Managing Director Paul Roberts emphasised the quality of the auger results and the company’s rapid progression to follow-up drilling. The upcoming aircore program and ongoing exploration across new permits will be critical in defining the scale and economic potential of these gold systems.

Bottom Line?

Enegex’s expanding footprint and promising drill results set the stage for a pivotal exploration phase in Côte d’Ivoire.

Questions in the middle?

  • Will the upcoming angled aircore drilling confirm the true thickness and continuity of the gold mineralisation?
  • How might artisanal mining activity impact future resource development and permitting?
  • What are the exploration timelines and targets for the newly granted permits beyond Tougbe and Gogo?