MetalsGrove Expands into Côte d’Ivoire
Published by Jess Watts,
Editorial Assistant
Global Mining Review,
The permits are being acquired from ASX-listed Desert Metals Ltd. and its subsidiaries. The newly acquired permits are currently held by Générale des Mines et Carrières S.A.R.L (GEMICA), a privately incorporated company in Côte d’Ivoire.
Highlights
- Binding Term Sheet signed for the acquisition of three gold JV permits in central-west Côte d’Ivoire, West Africa.
- The permits are strategically located between 60 km and 140 km northeast of the 3.8 Moz Abujar gold mine, currently in operation.
- The acquisition covers a total area of 950 km2, encompassing over 50 km of highly prospective Abujar fault/shear structures.
- Regional geological sequences indicate favourable characteristics for gold mineralisation, aligning with Côte d’Ivoire’s well-endowed gold terrains.
- Highly anomalous auger and soil lag sampling results from neighbouring permits suggest that gold mineralisation is highly likely to extend into the acquired areas.
- Aeromagnetic surveys reveal a complex structural setting, including several structural pressure shadows and low-strain zones, further enhancing prospectivity.
- Presence of artisanal mining activities within the permit area indicates potential for near-surface gold mineralisation.
Managing Director and CEO, Mr Lijun Yang, commented:
"I am pleased to announce that MetalsGrove is expanding its exploration footprint into Côte d’Ivoire, a highly prospective region renowned for hosting multi-million-ounce gold deposits. The newly acquired permits span 950 km2 within the highly prospective Birimian greenstone belt, encompassing over 50 km of the major fault/shear structures.
“This strategic acquisition allows us to leverage our extensive gold exploration expertise within this prolific geological setting. With a favourable geological framework, highly anomalous gold results from neighbouring projects, and structural insights derived from aeromagnetic surveys, we are confident in the potential to identify significant gold deposits.
“Our initial exploration programme will commence promptly upon the successful completion of the transaction and once permits are granted.”
Read the article online at: https://www.globalminingreview.com/exploration-development/02042025/metalsgrove-expands-into-cte-divoire/
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