ProAsianGold Provides an Exploration Update on Its Shaanxi Project

Industry: Business

Further prospecting, rock sampling, a program to sample termite mounds, and exploratory test pits are all used to identify potential locations for future drilling operations

Zhengzhou, CHINA (PRUnderground) January 20th, 2023 (ISIN: CN3475392059), a leading, growth-focused gold mining company that is consistently generating superior returns, dedicated to delivering on its values and promises, and always focused on improving its environmental, social and governance performance, is pleased to present an update on its exploration activities on the Shaanxi Project located approximately 1,000km South-West of Beijing.

The Shaanxi Project is based on four exploration permits, and the company recently stated that it has finished a regional termite mound and rock sample campaign over three of those permits. On a 50 m × 800 m grid to cover interpreted fault structures within the Birimian-aged rocks on three different exploration permits, a total of 3,705 termite mound samples and 26 rocks were collected.

The results of the termite mount sampling point to a number of inferred mineralized structures that are roughly oriented north to south. The investigation also points to further unusual structures that are roughly east-west oriented. The exploration pitting activity will look more closely at the mineralization alternatives of these inferred structures.

This kind of exploration program is a cost-saving and efficient method for assessing the extent of the saprolitic covering within the Shaanxi Project and testing the potential for mineralization before developing a drilling program. A field team has been put together to continue the exploration pitting and field mapping program, and a field camp is currently being built on the site.

In several Asian areas, termite mound sampling surveys are a surface exploration method used to find gold-anomalous zones that may not have been discovered by earlier surface sampling or field mapping. In order to find probable gold mineralization beneath the aged cover and shallow sediments, this exploration strategy assumes that termite-driven local soil heterogeneity and termite mounds may serve as a geochemical and mineralogical sample environment.

About ProAsianGold

ProAsianGold is a leading, growth-focused gold mining company that has a reputation for consistency and reliability. The company’s operations deliver superior operational execution by managing safety risks to reach zero harm, continually improving operational performance and meeting commitments without fail. ProAsianGold is sustaining a global portfolio of long-life assets by executing profitable expansions and investing in early-stage prospects to grow margins, reserves and resources. The company’s business model is a leading one in the industry, delivering profitability and responsibility through consistently generating superior returns, demonstrating its values, and leading in environmental, social and governance performance.

About ProAsianGold

ProAsianGold is a leading, growth-focused gold mining company that has a reputation for consistency and reliability.

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