Alliance News4 May 2026 20:02
Amigo Resources PLC - focussed on gold and rare earth mining opportunities in Africa, principally in Tanzania and Mauritania - Reports results from its exploration programme at the Mojimoto project in Tanzania. The programme included the deployment of proprietary micro-seismic survey techniques integrated with AI-assisted subsurface modelling; systematic geochemical soil sampling and multi-element analysis; trenching and surface validation work across identified anomalies. Says it has defined nine primary mining licence areas at Mojimoto following the completed programme. Additionally, multi-element geochemical analysis identifies anomalous gold responses across the project area. Says this is "supported by elevated pathfinder element signatures consistent with structurally controlled gold systems typical of the Lake Victoria goldfield." Lastly, preliminary sampling of tailings and previously worked material from nearby artisanal mining operations confirms the presence of residual gold values. This indicates "potential for both primary exploration and the re-treatment of historic material," Amigo says. Subsidiary Afri Core Resources Ltd begins engagement with holders of the identified PMLs and is progressing formal agreements to support further exploration and development. Elsewhere, mineral licences relating to its Kabete gold project have now been formally granted. This enables the commencement of on-ground operational and exploration activities.