Stremco, a 51% owned subsidiary of European Mining Finance (EMFF-C), expects to produce 10,000 oz. gold per year for at least eight years from an advanced project in northeastern Burkina Faso.
The company’s feasibility study has focused on the Guiro gold deposit, one of several gold occurrences on the 800-sq.-km property. At last report, the deposit hosted a resource (in all categories) of 230,000 tonnes grading 11.6 grams per tonne, which represents more than 85,000 oz.
Sampling along the vein system has shown potential for other shoots, and, as a result, the property is speculated to have a total resource potential of 300,000 contained ounces.
An underground operation is being proposed.
Elsewhere in Africa, EMF has gained a 75% interest in a copper project in Botswana. The Thakadu project is considered to be amenable to open-pit mining and heap-leaching, with production of cathode copper deemed achievable by solvent-extraction electrowinning.
The company is also involved in a diamond exploration effort in Sweden.
Along with these interests in mineral projects, EMF holds equity investments in a number of mining companies. Risk is spread over several countries and commodities.
The company’s largest shareholder is Teck (TEK-T).
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