Highly Credentialed Explorationist Appointed To Board
African Gold Limited (ASX: A1G) has entered into an option agreement to acquire 80% of Kouroufaba Gold, including one granted permit and three applications totalling 1,534 sq. km in West Africa.
The permits are strategically located within prospective belts with established mining operations and associated infrastructure.
CEO, Glen Edwards, said the strategic acquisitions add to African Gold’s already significant land positions in Mali and Côte d’Ivoire.
“We are delighted to have been able to secure this quality brownfield project in Côte d’Ivoire,” Mr Edwards said.
“African Gold is now in a position to implement a multi-pronged strategy with potential resource definition from its new brownfields projects, drilling of its advanced targets and new discoveries from its impressive and highly prospective portfolio.
“Côte d’Ivoire is a great mining destination with infrastructure and a supportive mining code. We are looking forward to updating the market and delivering exploration results from our newly acquired projects
“We are also extremely excited to have Simon and Peter join the Board. Their extensive West African experience is going to be highly beneficial to making additional discoveries on our exciting tenement package”
Incoming director, Simon Bolster, said the regolith dominated West Africa terrain is a region he has lived in, and spent considerable time over the last 25 years.
“The Didievi Project is arguably the best under explored tenement in Côte d’Ivoire, with open broad high tenor drill intercepts that provide clear walk-up drill targets as well as several highly anomalous untested near surface geochemical anomalies.
“The KK Inlier of Western Mali is one of the world’s great gold provinces and African Gold’s tenure includes the ingredients needed when searching for economic gold deposits across the region’s variable and complex regolith terrain.
“There is considerable West African exploration history and track record of success within the Board and team and this, combined with the tenure, makes this an exceptionally exciting opportunity.”
African Gold has entered into an option agreement to acquire 80% of Kouroufaba Gold, subject to a 30-day legal due diligence period. This acquisition gives access to Kouroufaba Gold’s strategic land holding consisting of the Didievi granted permit and three permit applications.