Aurtec plans final feasibility in Gabon

Aurtec Mining Development (ME) is trying to raise $500,000 to conduct a final feasibility study on its Bakoudou gold property in Gabon, Africa. Detailed exploration work on the property has outlined a preliminary reserve of 1.8 million tonnes grading 1.7 grams per tonne, the company says. The reserves can be mined from an open pit and milled using a straightforward gravity separation process.

Aurtec has a 100% interest in the property after signing an agreement with the former owners, who retain either a 3% net smelter return or 20% of pretax net profits, whichever is less.

The property is 40 km south of the city of Moanda.