Resource World Magazine

100th ISSUE! V10-11 November 2012

Issue link: http://resourceworld.uberflip.com/i/102869

Contents of this Issue

Navigation

Page 18 of 63

"Keeping the supply route open at all times can be done," said Voormeij, "It requires several road access teams working all the time, repairing bridges, covering mud flats with wooden tracks, and removing fallen trees. It's a must, for medical emergencies as well as for keeping regular supplies coming in, such as fuel and food, and geological samples going out, of course." Don Willoughby, VP Corporate Development for Goldrush Resources, which operates in Burkina Faso, concurred. "[It's essential to] meet the village headmen and, within reason, do whatever you can for local people," he said. "At a business level it makes sense. It means you have no labour strife and it means reducing other potential problems." Willoughby also highlighted the progress mining has made in Burkina Faso over the past decade and how this is being rapidly built upon. "Right now, Burkina Faso is the fastest growing gold producer in Africa […] It's also worth remembering that the level of modern exploratory work has only just scratched the surface. It's a hugely prospective country." This closely ties in with the wider West African experience. "[West Africa] is the fastest growing area for discovery, development and production of gold in the world," Voormeij said. "There are companies actively exploring the Birimian belt in Ghana, Burkina Faso, Mali, Ivory Coast, Guinea and Liberia. Countries like Nigeria and Cameroon are hugely underexplored, yet so prospective for gold." African Gold Group, Inc. [AGG-TSXV] has agreed to sell 100% of its Mankranho, Ghana concession to Newmont Ghana Gold Limited. Under the terms of the sale, Newmont will purchase the Mankranho concession for total consideration of US $4,000,000. The 108 km2 Mankranho concession is located in the Brong Ahafo region of Ghana. African Gold Group also has two other gold projects in Ghana, the Asankramgwa and Nyankumasi projects as well as the Kobada gold project in Mali. AngloGold Ashanti Ltd. [AU-NYSE; ANG-Johannesburg] has six gold operaNOVEMBER 2012 Innovative Exploration Leading to Discoveries LEFT: Examining core from the Vine Deposit RIGHT: VTEM Airborne Geophysical System preparing for survey 416-799-9205 www.pjxresources.com TSX-V: PJX www.resourceworld.com 19

Articles in this issue

Archives of this issue

view archives of Resource World Magazine - 100th ISSUE! V10-11 November 2012