The name change from Burey Gold to Amani Gold became effective for ASX trading purposes on 30 December 2016 trading under the new code of ANL.
Burey Gold is currently exploring the Giro gold project in the Democratic Republic of Congo (DRC) – an asset which comprises two exploitation permits, less than 30 km west of Randgold Resources Kibali gold deposits, covering 610 km2 of prospective ground within the Kilo-Moto Belt, a significant under-explored greenstone belt.
The company announced in November 2016 that it is expanding its footprint in the renowned Kilo-Moto greenstone belt in the DRC. Burey Gold has entered into an agreement with a Dubai-based private company Medidoc FZE, to acquire a 60% interest in the Tendao project.
The project consists of five exploration permits covering 1 456 km2 of highly prospective ground in northeast DRC.
The Tendao project, located in the Haut Uele Province, borders Burey Gold’s Giro project to the west and gives Burey a substantial holding in the renowned Kilo-Moto greenstone belt.
The belt hosts Randgold Resources/AngloGold Ashanti’s 16 Moz Kibali gold deposits. The Kibali mine produced 642 720 oz of gold during its first full year of operation in 2015, which confirms a favourable mining environment, says Burey Gold chairman Klaus Eckhof.