Geophysical Surveys and Scout Drilling
Plans are in place to conduct geophysical surveys and scout drilling on five identified targets across the Vangma project.
The Vangma Project
Annamite conducted mapping and soil sampling in Vangma during 2024. Regional soil sampling was followed by infill soils and rock grab sampling over the most prospective anomalies. Some 1,680 soil and 120 rock grab samples were collected.
Flank manifests as a 1.5 sq.km gossanous leach cap with strong copper and molybdenum anomalism in soils. Grab samples in the Vangma part of Boundary returned up to 4.7 g/t Au and 0.16% Cu while at Milky Way a composite grab sample returned 0.19% Cu, 41ppm Mo, 0.58g/t Au and 435 ppm Zn. The Zn anomaly there is on strike with and continues into the Zn-Au rich Spine target to the north in Sokdee.
Review of historical data has also revealed the Buffalo Creek vein-hosted gold zone in the far south of Vangma, where Argonaut Resources conducted trenching and drilling about a decade ago. Our own grab samples returned up to 8g/t Au and there is a large adjacent alluvial gold working. The fertile nature of this extensive tenement is underscored by additional emerging anomalies at Star and Vangma West.
The Vangma work plan for early 2025 is to continue geological mapping, trench at Buffalo Creek (700m) and conduct geophysical surveys (UAV magnetics and deep penetrating IP) over Flank, MilkyWay and Boundary. The highest priority targets emerging from this work will be followed by scout drilling later on in the year.
TECHNICAL UPDATE HISTORY
2025
2024
2023
2021
2020
Sampling and Mapping Activities Progress
Approximately 1,400 soil and rock chip samples are planned for collection; 1,150 samples have been collected, and around 780 have been analyzed by ALS. Completion of all sampling and mapping activities is anticipated by October’s end, with a full regional soil database by November.
Joint Venture Agreement for Exploration at Vangma
A JV Agreement was signed on March 29, 2024, between Annamite and DDC, highlighting potential for Cu-Au-Mo porphyry and orogenic Au. Annamite commenced exploration in early April, and despite monsoon challenges, has made steady progress in soil sampling and geological mapping over six continuous months.
Potential Collaboration with DDC for Vangma Exploration
Discussions started to be underway with DDC about collaborating to explore the Vangma property for precious and base metals. The goal is to upgrade the tenement beyond coal. The Vangma property has excellent infrastructure and accessible conditions, similar to the Sokdee project.
Vangma Tenement Licensed to DDC
The Vangma tenement was issued to DDC Mining Sole Co, Ltd (DDC) in April 2021 for a duration of five years, covering an area of 148 sq.km. DDC is a well-regarded Lao family-owned company.
Porphyry System Extends South
Initial soil geochemistry at Namthom target indicates the porphyry system on the Sokdee property extends south into the neighboring Vangma tenement. The Vangma tenement, covering 148 sq.km, is licensed to Duangchaleun Development Construction Sole Co., Ltd for coal exploration since 2019.
Annamite Resources Holdings Pte. Ltd. (ARH) is a precious and base metals mineral exploration company established in June 2019, incorporated in Singapore (# 201915983C) with operations in Laos.
Our local Lao subsidiary Annamite Resources Laos Co., Ltd (# 01-00024196) was established in July 2020.
Annamite Resources is a member of
Singapore Mining Club
ANNAMITE RESOURCES 2024