CÔTE D’IVOIRE KONAHIRI PROJECT
Today Cote d’Ivoire is among the fastest-growing economies in Africa, and one of the most dynamic in West Africa. Côte d’Ivoire introduced a progressive new mining code in 2014, and on-going infrastructure improvements are making the country one of the more investor-friendly countries in Africa. There is a strong desire to diversify the economy with gold and other mineral products. Exporting electricity is playing an increasing role in this diversification. Underexplored until the last decade it is finally delivering a plethora of exciting new discoveries.
The country has 6 major producing gold mines and a number of near-term development projects including Ity 4.5 Moz and +1Moz Agbou (Endeavour), Yaoure 3.4 Moz and Sissingue (Perseus), Tongon 2.7 Moz (Barrick) and Bonicro (Allied Gold). Other mineral commodities that offer the potential for economic development in Côte d’Ivoire include diamonds, petroleum, natural gas, copper, iron, cobalt, bauxite, tantalum, lithium and silica sand.
Konahiri Application, Côte d’Ivoire
The Konahiri North and South Applications (391 km2 and 354 km2 respectively) are located in the central portion of the NNW trending Kotiola Marabadrassa Birimian Greenstone Belt located within central Cote d’Ivoire (see Figures 1 and 2). The belts host Teranga’s +4Moz Wahgnion Operation to the north in Burkina Faso and Tietto’s 2.2Moz Abujar deposit to the south. The Konahiri portion of the belt is underexplored. Geology is believed to be largely underlain by deformed mafic and intermediate meta volcanic, meta sediment and intrusive units. There are a number of artisanal gold deposits within and adjacent to the permits.
All three applications cover prospective areas and represent great greenfields exploration opportunities in proven areas.