Babicho

Babicho is a 132km2 exploration licence covering the same prospective north-south trending greenstone belt that hosts the Lega Dembi and Sakaro mines (50km to the south).

  • Peak Results:
  • Drilling: 11m @ 0.81g/t Au (inc. 4.1m @ 1.97g/t Au) from BBDD001 (from 98m), underneath Megado trench BBTR002
  • Trenching: 30m @ 1.27g/t Au (inc. 11.1m @ 3.21g/t Au) from BBTR002, along strike from historical trench TR-C6
  • Highlights of the last modern exploration program completed in
    late 1990’s include:
  • Drilling: 4m @ 2.92g/t Au; and 1m @ 6.5g/t Au
  • Trenching: 10m @ 3.5g/t Au; 1m @ 35.3g/t Au; and 22m @ 0.87g/t Au
  • Additional 5,000m trenching program to commence shortly
  • Geological observations from drillholes indicate similar alteration
    and mineralisation to that observed at Lega Dembi and Sakaro
    deposits to the south

Fig 1 – Babicho Gold Project Overview. Silingo Shear in centre (coincident with soil anomaly), Biloya Shear to east – both part of the tenement scale Babicho Shear Zone, of which is part of the belt-wide Lega Dembi-Sakaro shear zone

Fig 2 – Results from recent and historical drilling and trenching at the Babicho Gold Project

Fig 3 – Cross Section A->A’ showing Significant Intercepts from drillholes BBDD001 & BBDD002 and trench BBTR002

Historic Data Compilation

Extended historical data review by Megado has further uncovered significant previous works done at Babicho.

Megado is in the process of overlaying all datasets to help target most prospective areas for rapid follow-up work programs – value-adding, cost-effective exploration.

Highlights of the last modern exploration program completed in late 1990s include:

  • Multiple shear zones identified (by mapping and geophysics) – km’s long.
  • 2km strike length gold-in-soil anomaly (>30ppb Au, with peak >1,000ppb Au)
    • Additional gold-in-soil anomalies along strike and on parallel shear zones
    • Gold-in-soil anomaly coincident with spectral targets and shear zone
  • Trenching: 10m @ 3.5g/t Au; 1m @ 35.3g/t Au; and 22m @ 0.87g/t Au
  • Drilling: 4m @ 2.92g/t Au; and 1m @ 6.5g/t Au

Two major shear zones within Babicho represent over 17km combined strike length, with co-incident surface gold mineralisation and geophysical anomalism.

North-south trending shear zones are typical hosts to significant gold mineralisation in the Adola Gold Belt.

Historic work is a significant value-add to Megado, equivalent of multi-million dollar first pass exploration works previously completed.

BLEG Soil geochemistry Au contour map, with trenching and drilling locations. Babicho tenement in red outline. Purple outlines Megado spectral anomalies