IronRidge Resources has completed due diligence over the Zaranou Gold Project and that the Joint Venture Agreement with a GeoServices Côte d’Ivoire SA and Atlas Resources is now unconditional.
Commenting on the IronRidge Resources' progress, Vincent Mascolo, CEO & MD of says:
“We are very pleased that due diligence has been successfully completed; with the Joint Venture Agreement between IronRidge and Geoservices now ratified.
“In an effort to expedite the project we have already secured high-resolution satellite imagery which has successfully defined 40 km strike of artisanal mining sites and helped define high-priority target areas ahead of field work commencing.
“We are very pleased with Geoservices’ professionalism and Corporate Social Responsibility programs introducing IronRidge to the local communities and government officials as well as successfully getting the license application granted, allowing field work to commence.
“We are now actively carrying out initial field programmes including mapping, channel sampling and trenching over the highest priority target areas defined from the satellite imagery ahead of drill testing.”
- Corporate and technical due diligence successfully completed; Joint Venture Agreement with local license holder Geoservices (and its associate Atlas Resources) formally ratified
- Access rights secured to the highly prospective and granted Zaranou Gold license covering 397 km2 of highly prospective Birimian geology in Côte d’Ivoire, West Africa
- High resolution satellite imagery captured over license area; in excess of 16 km strike of high-priority hard-rock artisanal mining sites clearly defined in imagery
- Hard-rock artisanal workings within a broader 40km strike artisanal alluvial gold working corridor; additional target zones defined
- Introductory meetings held with government officials and community leaders within the license area, allowing field work to commence
- Field programmes commenced with channel sampling and mapping of extensive artisanal mining pits