Source: Proactive Investors

Vector Resources: Vector Resources discovers new gold prospect at the Maniema Project

Vector Resources Limited (ASX:VEC) has made a new gold discovery, the Lukele gold prospect, at its Maniema gold project located in the Democratic Republic of Congo (DRC). The prospect is situated 700 metres to the west of Vector's main Kabotshome gold prospect, which has an inferred resource of circa 7 million tonnes at 1.9 g/t gold for 421,000 ounces of gold. The early stage exploration activities at Lukele have commenced and includes work to improve the geological understanding by mapping exposures from artisanal mining activities. It is worth noting that the surface artisanal mining activities at Lukele have already exposed weathered metasediments and numerous cross cutting vein structures. Vector was able to observe gold nuggets from the weathered metasediments at Lukele using metal detectors. The small gold nuggets were subsequently analysed using the precious metals x-ray fluorescence analyser at the Perth Mint. Importantly, the results reported gold content of 94% and silver content of 2% (balance of 4% iron content). These active artisanal surface activities further demonstrate the significant gold potential within the company's Maniema Gold Project. The Lukele prospect appears to be an early stage discovery and requires further detailed geological fieldwork.

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Est. Annual Revenue
$5.0-25M
Est. Employees
25-100
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CEO

Simon Youds

CEO Approval Rating

70/100

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