The capacity of the Lefa Corridor gold project – located approximately 700 km north-east of Conakry, the capital of the Republic of Guinea – is being increased by more than 50% from 260 000 to 400 000 oz pa.
The company behind the project is Crew Gold Corporation – an international mining company focused on identifying, acquiring, developing and operating mineral resource projects worldwide with a primary focus on gold.
Ongoing drilling at two exploration projects – one in Ghana and the other in the Democratic Republic of Congo (DRC) – have revealed potential for large-scale deposits which could support substantial gold production operations.
This is the latest news from Mwana Africa plc – a pan- African resources company and the first African-owned, African-managed business in this sector to be listed on the AIM. With operations and exploration activities in Zimbabwe, and a broad range of exploration and development projects in the DRC and Ghana, its asset base includes gold, nickel, copper, zinc, cobalt and, more recently, diamonds and oil and gas.
Mano River Resources Inc. (Mano) – the Toronto and AIM-listed exploration company focused on gold, diamonds and iron ore in West Africa – has come out earlier than expected with the announcement that it will go ahead with its Putu Range iron ore project in eastern Liberia.
Cluff Gold plc has confirmed that two of its three principal projects in the region will be producing gold by early 2008.
Traded on the AIM, the company has assembled a portfolio of mineral exploration and development interests in Côte d’Ivoire, Burkina Faso, Sierra Leone, and Mali. Its aim is to provide a steady progression of mines coming into production, and to have the capacity to produce 300 000 ounces of gold within two years.