With the gold price threatening plus USD1900/oz levels, greenfields gold exploration in Africa is suddenly back on the map.
Several interesting projects are underway in West Africa, and I have my eye on a number in Guinea, Liberia and believe it or not, Sierra Leone. Sierra Leone offers a lot more than diamonds and iron ore, believe me, but more about that in the future. Guinea has always been a dark horse, and we all know about the massive iron ore deposits and the continuing drama at Simandou. However, there are some good gold deposits in Guinea. Small, but worth a decent look.
One that caught my eye today is Australian listed Volt Resources’ Mandiana, Konsolon and Kouroussa projects in Guinea. The company has been actively conducting reconnaissance grab sampling across all its permits. According to a statement by Volt the exploration team made geological observations, photographed, and collected grab samples from artisanal workings, termite mounds and other interesting geology. A total of 503 samples were collected from all permits within the Kouroussa and Mandiana projects and dispatched to the analytical laboratory for analysis.
Initial results for Mandiana (Nzima and Monebo permits) and Kouroussa (Kouroussa permit) confirms gold mineralisation in all permits. Grades between background and 14g/t Au from grab samples have been received.
According to T Trevor Matthews, managing director of Volt Resources, reconnaissance sampling programs have been completed over Mandiana and Kouroussa and have now mobilised to Konsolon. “The work programs in Konsolon include sampling aimed at verification of previous exploration results and ground truthing of targets generated by remote sensing. After completion of the Konsolon program, the company will suspend field activities until the wet season ends,” says Matthews.
Volt has six permits covering an area of 348.7 square kilometres in Guinea’s highly prospective Siguiri Basin and has grouped them into three projects –Kouroussa, Mandiana and Konsolon.
Kouroussa comprises three permits, Kouroussa, Kouroussa West and Fadougou. The Kouroussa and Kouroussa West permits border the PDI permit which was the subject of a recently announced discovery of high-grade gold mineralisation. To the north east, the Kouroussa permit borders the Kouroussa mine and the Fadougou permit is located 13km north east of the same mine. Konsolon constitutes one prospective permit. The permit consists of several geochemical gold in soil anomalies identified by previous explorers. Mandiana comprises the highly prospective Nzima permit and Monebo permit. The Nzima permit borders the Nzima artisanal mine and is 15km south west 1.1Moz Tri-K deposit owned by Managem.
It is still early days, and the full impact of Covid-19 in this part of the world has not been felt yet, but it is worth making a note of. There has been a flurry of interest in Guinea’s gold deposit in the past few weeks, with Hummingbird Resources acquiring Cassidy Gold’s Kouroussa. Dan Betts and his team at Hummingbird knows this part of the woods like their own backyards, and I bet they have something up the sleeve. Guinea’s gold is my pick for the week.