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Canadian listed gold exploration company focused on the discovery and advancement of new gold systems, Ongwe Minerals has intersected multiple high-grade gold zones at it BK2 Target within the Belmont Prospect at its Khorixas Gold Project.
The Belmont Prospect, part of the Khorixas Gold Project, is a large-scale greenfields surface gold discovery made by Ongwe.
The Khorixas Gold Project is situated just 50km west of Osino’s Eureka gold project, adjacent to the northern margin of the Damara Orogenic Belt. Khorixas hosts two large-scale surface discoveries called Belmont and K17.
“The recent RC scout drilling at the Belmont BK2 target has confirmed that there is high-grade gold associated with complex folding and a late-stage influx of sulphides including pyrrhotite, pyrite and arsenopyrite,” said Dave Underwood, Ongwe’s Chief Executive Officer.
The discovery comprises 19 individual gold anomalies, including BK2, defined through soil, calcrete, rock-chip and bedrock sampling.
In addition, most of the prospect is covered by up to 15 m of calcrete, adding complexity to the exploration program. Recent drilling, including the results reported in this press release, indicates that Belmont has the potential to host multiple high-grade deposits within its existing gold footprint.
The mineralisation style is comparable to that of Osino Resources’ Eureka gold discovery, located 50 km east of Belmont.
According to the company the results further strengthen belief that the licence portfolio contains multiple prospective targets, each with the potential to host commercial deposits.
“We are also ramping up activity at the K17 prospect with two phases of geophysics designed to produce copper-gold intrusion related drill targets for testing in the second quarter of 2027. The Phase 1 deep looking MT and gravity program kicks off in October and should take about two months to complete,” said Underwood.
Ongwe’s current focus is on three promising gold projects in the emerging Northwest Damara gold belt with a focus on the Omatjete and Khorixas Gold Projects.
