Famien Resources Confirms High-Grade Gold Intercepts in Côte d’Ivoire Drilling

Strong Gold Intercepts Confirmed at AW1 and Kalama Bave

Famien Resources (ASX:FMN) has delivered encouraging exploration results from its Côte d’Ivoire portfolio, notably at the AW1 prospect on the Tougbo Permit. Artisanal workings over a 500m strike length yielded 13 pit samples exceeding 0.1g/t gold, averaging 1.26g/t, with standout values up to 7.83g/t Au. This saprolite-hosted mineralisation, lacking quartz veining, suggests a disseminated style of gold distribution.

Complementing these surface findings, an 18-hole angled aircore (AC) drilling program totalling 662m intersected multiple zones of gold mineralisation starting near surface. Highlights include 4m at 6.2g/t Au from 8m and 12m at 1.68g/t Au from 28m, with some holes ending in mineralisation, indicating the system remains open at depth. Kalama Bave, located 4.5km northeast, also returned strong AC results with intercepts such as 4m at 6.1g/t Au from 32m, reinforcing the prospect’s potential.

Maiden RC Drilling at Bonougbara Trend Yields Broad Mineralisation

On the Gogo Permit, Famien commenced a 3,500m reverse circulation (RC) drilling campaign targeting the Bonougbara Trend. Despite initial delays due to equipment maintenance, the program is nearing completion. Early results from the first five holes at the Southern Drill Target confirm a robust gold mineralised system characterised by strong shearing and quartz-sericite-pyrite alteration.

Notable intercepts include 3m at 5.61g/t Au from 44m and 6m at 2.68g/t Au from 33m, demonstrating broad widths of mineralisation open along strike. The Southern Target was drilled first for logistical reasons, with the Northern Target identified as the highest priority for follow-up, given its structural setting suggestive of enhanced hydrothermal fluid flow.

Koroba West Sampling Confirms Gold Anomalism in Altered Granite

Further north on the Tougbo East Permit, dump sampling at the Koroba West target confirmed gold anomalism within altered granitic intrusives, a style of mineralisation amenable to bulk mining. Although sample grades were lower than historical Newcrest values, the presence of gold in this deeply weathered granite highlights potential for additional mineralised intrusives along the structure. Famien plans limited RC drilling beneath these workings following completion of Kalama Bave programs.

Strategic Focus on Côte d’Ivoire and West Yilgarn Farm-Out

Famien’s exploration expenditure for the quarter was approximately $638,000, predominantly directed at Côte d’Ivoire projects. The company holds a strong cash balance of $13.1 million, providing runway for ongoing work. Notably, no activity occurred on the West Yilgarn assets in Australia during the quarter, as Famien initiates discussions to farm out or divest these holdings to concentrate fully on its West African gold exploration efforts.

The combination of artisanal workings, coherent soil anomalies, and multiple drilling programs across the 1,534km² Gogo-Tougbo permit group positions Famien well to delineate a meaningful gold resource. However, the orientation and extent of mineralisation at AW1 remain uncertain pending deeper RC drilling planned for the September quarter.

Famien’s maiden RC drilling at Bonougbara Trend has already confirmed broad mineralised zones with strong alteration, supporting the prospectivity of its Côte d’Ivoire portfolio and underpinning the company’s strategic focus in the region. The upcoming RC programs at Kalama Bave and Koroba West will be critical to advancing these early-stage discoveries toward resource definition.