Alecto Minerals Starts New Exploration in Ethiopia

Jan. 28, 2013

Addis Ababa, Ethiopia – Alecto Minerals has put out details of its current exploration program focused at its 1,953 sq km AysidMetekel gold project in north-western Ethiopia. Last month, the company reported that an in-house technical study identified five high priority target areas for follow-up work: Beles North, Beles Central, Beles South, Bogiz and Gorshi North. The company has now established its field crew in the area and started a comprehensive soil, rock chip and stream sediment sampling program in tandem with mapping, in order to advance and further prioritize these targets.

The implementation of the company’s work program will take place over the forthcoming 12 weeks and be managed by a technical manager, Niall Tomlinson, and the recently appointed project geologist, Tim Strong.

Alecto, managing director Damian Conboy, said: “Having already identified five high priority areas of interest at our AysidMetekel gold license, which in line with our strategy is located in a mineral rich and under-explored region of Ethiopia, we look forward to commencing this exploration campaign to further prioritize these targets over the coming months.”

Image: Alecto Minerals Exploration Locations in Ethiopia

“Having recently reported positive results from our southern Ethiopian WayuBoda Gold License, we are pleased with how our exploration activities in the country are advancing and look forward to announcing the results at the appropriate time.”

Alecto Minerals Plc is an African focused, AIM listed resource exploration and development company with a portfolio of highly prospective gold and base metal assets in Mauritania and Ethiopia.

The company is currently undertaking exploration programs across its portfolio, which includes three gold and base metal licenses totaling 1,902 sq. km. in the Mauritanide belt of Mauritania. The company is also operating in Ethiopia, where it holds the 945 sq km WayuBoda Gold Project, located in the central-southern Adola greenstone belt, and the 1,953 sq. km. Aysid-Metekel gold license in the Aysid-Metekel region of northwestern Ethiopia.