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Manas to acquire gold projects in Cote d'Ivoire

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Côte d’Ivoire Eploration Projects

Manas has entered into earn-in and joint venture agreements to acquire the rights to earn up to an 85% interest in the Gonsan Project and up to an 80% interest in the Bouaké Nord Project located in Côte d’Ivoire, West Africa. Both the Gonsan and Bouaké Nord project areas are early-stage, strategically-located holdings over highly prospective Birimian greenstone belts.

The Gonsan Project comprises 3 exploration permit applications by local partner Gonsan Resources Sarl, covering a combined area of approximately 1,000km2. The Project is located approximately 700km west-northwest of Côte d’Ivoire’s capital city of Abidjan near the border with Liberia, and surrounds Endeavour Mining’s established 2.9Moz Ity gold mining operation. The gold mineralisation at Ity is described as several orogenic deposits of skarn (Au-Cu-Mo-Ag-W) and shear zone hosted (Au-As-(Sb)) styles of mineralisation.

 

The Gonsan Project area is prospective for the discovery of further gold mineralisation associated with skarn development in the volcano-sedimentary contact zones around diorite and granodiorite intrusives and mineralisation associated with shear zones in the northeast-tending greenstone belt.

Manas’ initial focus of exploration upon grant of the permits will be on the northern portion of the Project area, as well as along interpreted northeast-trending structural zones and secondary shears.

The Bouaké Nord Project comprises a single exploration permit application by local partner Eburnea Gold Resources Sarl, covering an area of approximately 300km2. The Project is located in central-northeast Côte d’Ivoire, 30km northwest of the city of Bouake and approximately 290km north of Abidjan.

 

The Project area lies along the southern extension of the Hounde greenstone belt, which is host to several major gold deposits in neighbouring Burkina Faso. The northeast-tending greenstone belt is dominated by volcanic and volcaniclastic rocks, generally of basaltic-andesitic composition, intruded by granitic plutons of variable composition.

There are no identified gold deposits or any documented previous exploration within the Project, however several artisanal prospects have been identified. Surface geochemistry and follow-up aircore drilling to the immediate north and south of the Project area has highlighted extensive gold anomalism and zones of significant bedrock mineralisation. The focus of initial exploration will be on geological mapping, locating artisanal mining sites, targeted soil geochemistry and low-cost ground magnetic surveys to define potential drill targets.

Manas will manage the exploration over both projects, which will commence upon grant of the permits in the near future.

 

 

 
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