Siguiri Gold is focused on the exploration of the Siguiri Gold Project (SGP) in Guinea, West Africa. The Company is targeting low-cost production of a bulk-tonnage, at-surface open pit mining operation. Siguiri Gold is currently conducting an Initial Public Offering (IPO) to list on the Australian Securities Exchange (ASX).
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PROJECT
SIGUIRI GOLD PROJECT
The Siguiri Gold Project (SGP) is located within the prolific Birimian Greenstone belt which contains +300Moz Au and is host to several multi-million-ounce gold mines and projects.
The SGP covers 148km2 across three exploration permits (North, South and West) and work to date confirms the project lies on the same geological fault as AngloGold Ashanti’s 270koz/pa Siguiri Mine (SAG). Located near the town of Siguiri, in the eastern part of Guinea, the SGP borders the Tinkisso Tiver and is close to the Niger River.
On site, Siguiri Gold’s purpose-built exploration camp has been established within the community of Bafingkoba, where both international and local employees are present 24 hours a day, 7 days a week, providing full operational support.
Siguiri Gold’s work to date has identified at least 4 mineralised corridors across the North and South permits. Based on aeromagnetic data, Siguiri Gold believes the mineralised lithologies typical of SAG could well be expected to be present on the West permit.
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WHY INVEST?
Investment Highlights
Guinea’s Siguiri Basin is an attractive jurisdiction with notable exploration potential
- Birimian Greenstone geological setting similar to that of neighbouring Mali, Ghana and Burkina Faso
- Region has seen multiple discoveries including the Lefa 170koz/pa (NordGold) and SAG 270koz/pa (AngloGold) gold mines and the recent Predictive Discovery, Golden Rim, IAMGOLD and other discoveries
Attractive land package delivering strong results
- Large, 100% owned Siguri Gold Project located 10km south of Anglo Gold’s SAG Mine
- Drilling programs have confirmed 5 near-surface potential deposits including 4.5km of strike on Southern tenement
- Latest drilling completed late 2022 significantly expands key deposits
- Discoveries are open in all directions and are <90 metres from surface (including 35m at 2.9 g/t and 6m at 13.8 g/t)
- Exceptionally low cost of discovery within the region
- Recent independent geological report highlights at least 4 mineralised corridors
Strong management team with depth of country expertise
- Local ex-pat team has multiple decades of combined in-country experience
- Local team led by Michael Mulvey and Adama Kouyate is well positioned within local community and has well established government relations
- Responsible for the build of the existing infrastructure at the Siguiri Gold Project and the successful execution of the 2021 and 2022 exploration programs
West Africa & Guinea
JURISDICTION PROFILE
Find out more about this world-class gold district.
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