TORONTO, June 26, 2024 /PRNewswire/ - Allied Gold Corporation (TSX: AAUC) ("Allied" or the "Company") is pleased to provide an update on the ongoing exploration and development activities at its Kurmuk Project in Ethiopia. Significant exploration results continue to support the high probability of Mineral Reserves and Mineral Resource growth, indicating substantial upside potential. Recent significant exploration results at both Dish Mountain and Tsenge confirm the high prospectivity previously reported for the property and these near-mine targets. It is positioned along strike from the Ashashire Gold Deposit and approximately 6 km southeast of the planned Kurmuk Project processing plant. The Kurmuk Project is fully permitted and licensed, on budget, and on schedule for first production in mid-2026.

Source: Ethiopian News June 26, 2024 11:59 UTC