Moydow advances deposit

A feasibility study is under way at the Ntotoroso gold property in Ghana. Normandy Mining (NDY-T) is earning a half-interest in the property from operator Moydow Mines International (MOY-T).

The study will assess the feasibility of mining zone E, which is known to contain a resource of 13.2 million tonnes averaging 2.6 grams gold per tonne, equivalent to 1.1 million oz. gold. The mineralization extends over a strike length of 1.15 km.

Two other mineralized structures have been outlined: zone A, which contains a resource of 7.6 million tonnes grading 2.1 grams gold, or 526,000 oz.; and zone C, which contains 1.3 million tonnes of 1.8 grams gold, or 79,000 oz.

Normandy and Moydow have allocated US$1 million for the feasibilty. An additional US$500,000 will be applied to drilling and other exploration work. The drilling will span 5,500 metres.

“We are now moving from exploration to mine development at Ntotoroso and are optimistic that additional gold resources will be discovered,” says Moydow President Brian Kiernan.