Chochi is a 137km2 project located within the western greenstone belt of Ethiopia, which is home to Ethiopia’s most advanced ‘Western-owned’ gold project – 1.7Moz Tulu Kapi (KEFI Minerals, AIM-listed).
The western greenstone belt is also the same geological setting as Dish Mountain – the >1.5Moz Au greenfields discovery by Megado’s Executive Director Chris Bowden.
Significant operational and geological intellectual property retained by Megado’s team for operating in the area.
Chochi has had preliminary exploration conducted previously, including a program of stream sampling, soil sampling, trenching and rock chips.
Megado’s spectral survey indicates strong anomalism co-incident with historic exploration results and surface mineralisation.
Anomalies show very strong structural control of alteration close to the contact of the sheared granitoids and greenstone belt (favourable structural setting for gold deposits) – 7km strike length of structures.
The work done to date provides Megado with walk-up areas on which to focus exploration activities and also provides Megado with geographical diversity within Ethiopia.