Overview
6 drill holes of area over 42,000 hectares. Inferred resource of 32,000 ounces of gold on 10% of claim area.
More exploration to be carried out to determine further resource and economics of mining the concession. Also indications show that the copper resource is on the smaller side and this can be treated as secondary resource: apart from the gold, here are two dormant copper mines (Ubib mine & Abbisch River copper mine) on this concession.
This is more a gold project rather than a copper project as the gold is more significant. The work done so far is only on 10% of the EPL and there is still an exploration upside to be exercised. Geophysics/magnetic aerial surveys recommended prior drilling to extend target drilling areas for the upside.
