Fortuna acquires highly prospective Bambadji Project in Senegal from Barrick and IAMGOLD

Located adjacent to Fortuna’s feasibility-stage Diamba Sud Gold Project, Bambadji consolidates approximately 60 km of prospective strike along the Senegal-Mali Shear Zone, a Tier-1 gold corridor hosting several world-class mines.

Jorge A. Ganoza, President and CEO, commented, “Bambadji represents a rare opportunity to consolidate a large-scale, highly prospective exploration land package immediately adjacent to our feasibility-stage Diamba Sud Gold Project.” Mr. Ganoza continued, “The US$200 million consideration paid for the project reflects multiple prime drill-defined targets, the scale of the land package, the extensive historical exploration dataset, and the potential to materially expand Diamba Sud in one of the most prospective gold districts in West Africa, where quality ground is difficult to assemble.”

Geology and mineralisation

The acquisition includes an extensive, high-quality exploration dataset comprising geochemical, geophysical, and lithological information, together with approximately 214 000 m of historical auger, reverse circulation, and diamond drilling. Historic drilling and fieldwork have identified several styles of gold mineralisation across Bambadji, including analogues to the Diamba Sud breccia-style mineralisation, Yalea sericite-albitite style, and the high-tourmaline Gara style.

Across the project, at least eight significant drill-defined prospects have been identified, together with several highly prospective mineralised trends that remain open along strike and at depth. Historical drilling has generally been shallow and widely spaced, with several multi-kilometre gaps along these anomalous gold trends, providing clear targets for Fortuna’s initial exploration programme.

2026 exploration programme

Fortuna has approved an initial US$8 million exploration budget for Bambadji for the remainder of 2026, comprising 51 000 m of reverse circulation and diamond drilling. Drilling is expected to commence in the third quarter. The programme is designed to improve confidence and definition across several advanced drill-defined targets located within a 20 km radius of the proposed Diamba Sud plant site. Eight priority targets have been identified for initial drilling, while generative exploration will continue in parallel to advance additional targets along the project’s highly prospective mineralised trends.

Read the article online at: https://www.globalminingreview.com/mining/11082026/fortuna-acquires-highly-prospective-bambadji-project-in-senegal-from-barrick-and-iamgold/