Marshall gets exploration permit

Eden Roc Mineral (EDN-T), in partnership with a subsidiary of Anglo American, will explore a 2,012-sq.-km land package in Ivory Coast.

Eden Roc is held 45% by Marshall Minerals (MMC-T), a junior based in Niagara Falls, Ont.

The Anglo subsidiary can earn a 60% undivided interest in Eden Roc’s Ivory Coast properties by completing a prefeasibility study in four years. The first year’s budget is set at US$500,000.

Eden Roc previously operated an open-pit mine in Ivory Coast, but operations were suspended in early 1998, owing to low gold prices and the depletion of easily mined oxide reserves. The land package is viewed as prospective for underground sulphide deposits.