Update on Exploration Activities at Sokdee
5 Oct 2022
Didier Fohlen, CEO of Annamite Resources
The Annamite Team is conducting low-cost ground operations during the monsoon. Additional soil geochemical infill sampling took place on the two-best targets combined with geological mapping. The first results indicate that Mouk is a new 1600m long, untested soil Au-Ag-Zn-Cu-Mo anomaly along strike of the Namthom Porphyry System.
The Annamite team is conducting low-cost ground operations during the monsoon. Additional soil geochemical infill sampling took place on the two best targets combined with geological mapping. The first results indicate that Mouk is a new 1600m long, untested soil Au-Ag-Zn-Cu-Mo anomaly along strike of the Namthom porphyry system.
An Induced polarization (IP) survey consisting of six lines is due to start early October to better understand the chargeability of the potential deposits and a drone airborne magnetic survey to extend the existing survey towards the north is being planned for the near future to cover mainly the Mouk area.
We now believe though that our Sokdee project is a standout in the crowded field of early stage projects in that we already have potentially economic intersections from three different styles of mineralization, including a porphyry. The real merit of our project is boosted by the scale of the system within a vastly underexplored but productive belt.
As for scale, our system to date is six kilometres in length, with the porphyry but one point along that strike. Based on geochemical halo modeling, we have reason to believe that there are likely two additional blind porphyries along that extent, as well as additional structurally related styles of mineralization. Our work to date has shown that the structurally controlled styles of mineralization peripheral to the Namthom porphyry are likely to be rapidly advanced to resources definition, and on to mining, whereas the porphyry targets will be far more costly and a much longer slog to build resources, but that in the long term, the porphyries will be the main targets of interest to major players. Therefore, we plan to invest the bulk (but not all) of the current raise on better definina the nearer-term taraets.
As for the productive belt, we are located 70km to the SW of the producing Phu Kham porphyry and Ban Houayxai epithermal deposits, also in the Loie Belt. The lack of modern exploration and our success in interacting with government, gives Annamite and our investors a first-mover opportunity in Laos.
It is clear that the continually improving potential of Sokdee offers a unique and long-term opportunity to investors.
We have just started our new round of financing of US$3 million at a price of 12c US/share.