MetalsGrove secures 75km Côte d’Ivoire gold corridor via JV

MetalsGrove Mining has importantly expanded its golden exploration footprint successful Côte d’Ivoire, securing a 75km contiguous corridor done a caller associated task (JV) with Aucrest Sarl, a subsidiary of Stellar AfricaGold.

This builds connected the acquisition of 3 golden JV permits earlier this year.

MetalsGrove said that the summation of the PR750-Zuénoula licence increases its full controlled exploration country successful the portion to 1,315km², consolidating its presumption on the highly prospective Abujar–Napié golden inclination wrong the Oumé–Fetekro Birimian greenstone belt.

The recently acquired Zuénoula permit, granted connected 17 April 2024 and covering 395.78km², sits strategically betwixt MetalsGrove’s existing Kounahiri West and Vavoua permits.

In total, MetalsGrove’s 4 JV golden permits are located astir 100km northbound of the Abujar Gold Mine and 160km southbound of the Napié golden deposit.

The geological features and structural complexity of these JV task areas are interpreted to beryllium highly conducive to important golden discoveries.

MetalsGrove Mining managing manager and CEO Lijun Yang said: "The acquisition of the Zuénoula licence done forming a JV with Stellar AfricaGold marks a important milestone successful the enlargement of our West African golden exploration portfolio.

"This strategical summation builds connected our caller consolidation of 3 golden permits successful central-west Côte d’Ivoire, expanding our full landholding to 1,315 km² successful 1 of the astir prospective yet underexplored golden provinces successful the region.

"The determination of the Zuénoula permit, adjacent to our existing Kounahiri West and Vavoua permits, creates a contiguous exploration corridor with shared geological characteristics, including favourable lithological sequences, analyzable structural features and progressive artisanal workings, each of which are beardown indicators of golden mineralisation potential."

Furthermore, the extended artisanal mining enactment crossed the territory underscores the region’s untapped golden potential, according to the company.

MetalsGrove plans to commence aboveground sampling activities this month, aiming to specify golden corridors, which volition beryllium followed by drill testing.

Yang added: "Through this acquisition, we are rapidly moving guardant and volition commence aboveground sampling programmes this month, with the nonsubjective of identifying golden trends (gold corridors) and important golden anomalies on these trends. Drill investigating of these golden exploration targets volition travel soon after. Our attack remains methodical and data-driven, leveraging determination cognition and partnerships to unlock worth efficiently and sustainably."