Steps have been taken by Toronto-listed International Gold Resources (IGR) to increase its land position and exploration activities in Burkina Faso, West Africa.
IGR has signed an option agreement with a company based in the United Arab Emirates concerning the latter’s two large mineral properties known as Tamberi and Kolokuame.
IGR will make option and installation payments to the company in return for an 80% share of the net operating profits from any production. The 400-sq.-mile Tamberi concession hosts three main prospects, as well as several unexplored targets. Two of the main prospects are said to be ready for drilling. Previous work by the governments of Burkina Faso and North Korea has identified a near-surface resource exceeding 100,000 oz. gold. In addition, the concession is within a mineralized belt which extends into Niger, where extensive exploration is being conducted and where several promising gold prospects have been identified.
The Kolokuame concession is about 100 miles east of the capital city of Ouagadougou and covers 200 sq. miles. The property hosts several targets and lies within the Diabatou-Dilango greenstone belt, which extends south into Ghana.
With the addition of two concessions, IGR now holds three parcels of land in Burkina Faso. As a result of the increased exposure and encouraging results from its Youga concession, IGR plans to open up an office in the country to direct exploration programs there.
Be the first to comment on "IGR active in Burkina Faso"