(Agence Ecofin) – In Côte d’Ivoire, gold production has been increasing steadily for a decade and is expected to reach 55 tonnes in 2024. This growth has contributed to the arrival of new investors, attracted by the still untapped gold potential. from the country.
African Gold is planning a share issue aimed at raising 2.09 million Australian dollars ($1.6 million) from its shareholders to finance gold exploration in Ivory Coast. This was announced by the junior mining company on April 30, specifying that eligible shareholders will be able to claim three new shares for every five shares already held.
The funds will be used to finance a reverse circulation (RC) drilling program on the Blaffo Guetto prospect of the Didievi project. Still on this project, African Gold plans infill auger drilling on a gold trend more than 10 km long. During previous work at the site, the company identified gold grades ranging from 2.14 g/t gold to 123.7 g/t gold at depths of less than 100 metres.
Beyond Didievi, African Gold has three other gold projects in Ivory Coast. This West African country has attracted more and more mining investors in recent years, due to the boom in the local gold sector. In 2024, gold production is expected at 55 tonnes, compared to 48 tonnes in 2022.
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07/12/2023 – African Gold: Richard Tomlinson to lead gold exploration in Mali and Ivory Coast
