Eden Roc gives production nod to African bet

The African Ivory Coast gold concession of Eden Roc Mineral (ASE) will be brought into production, says the controlling shareholder of Eden Roc. Marshall Minerals (ASE), with more than a 50% interest in Eden Roc, reports reserves minable by open pit method of more than 1.1 million tons. An 800-ton-per-day mill is planned; commissioning of the mill is expected during the fourth quarter of this year.

Reserves at the Anuiri deposit (one of 13 deposits currently known to exist along strike within the concession) have increased to more than 800,000 tons averaging at least 0.12 oz., Marshall reports. Additional reserves are contained within an area of surface lateritic material and in a near-surface underground zone.

Marshall says only 3.5 miles of the 22 miles of concession length have been explored in some detail. Marshall geologists project more than 40 commercially exploitable zones are likely to exist along strike.

An Ivorian company, Societe des Mines D’Afema (SOMIAF), has been established to operate the mine. SOMIAF is owned 90% by Eden Roc and 10% by Sodemi, the Ivorian state mining company.