Gabon is best known for its petroleum, manganese and uranium resources, but it is the country’s gold deposits that have lured Golden Gram Resources (GRA-M).
The Montreal-based junior will spend $3 million exploring the Bakoudou and Manyima properties in the southeastern district of the central African nation.
The program, which initially will include trenching, geochemical sampling and geophysical surveying, is designed to follow up on work performed by government and private interests during recent decades. By May, the firm hopes to begin definition drilling.
At Bakoudou, gold is concentrated in a zone that spans 400 metres and reaches a depth of 80 metres. The zone remains open laterally and at depth, and resources are estimated at 7 million tonnes grading 3 grams gold per tonne.
The Manyima property extends over 2,300 sq. km and contains a series of geochemical anomalies varying from 1.2 to 5.5 km in length. Grab samples graded up to 7 grams gold.
In the 1940s, a modest operation mined more than 218,000 grams (7,000 oz.) of gold from the region.
Golden Gram holds a 100% interest in the properties through its subsidiary, Golden Gram Resources Gabon.
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