"Drilling is underway with visible gold observed within quartz vein RC drill chips from the first hole completed with assays pending."
More than 70% of the global production of cobalt takes place in the DRC, of which 15% – 30% comes artisanal and small-scale mines.
It has now formalised its 51% ownership of the local holding company that also holds three of the newly-granted licences in central Cameroon.
To stand out in the junior gold exploration scene takes something special – which is what Tietto has delivered with its Abujar project.
While Twin Hills is still at an early stage with no resource yet in place, Osino believes the project has open pit and scale potential.
“We could not have asked for a better start to our initial drilling to test the shallow open pit potential at Jacomynspan." - Errol Smart
“The recovery of so many kimberlitic indicators is highly encouraging and bodes well for the potential commerciality.”
“The assay results build our confidence in the potential for Koula to conceptually extend its life via a high-grade underground operation."
South Africa has not attracted investment to allow for new mines to be opened or for substantial exploration campaigns to be carried out.
The government has confirmed thousands of mining rights; prospecting rights; permits; license renewals and ownership transfers are backlogged.