Reunion Mining, 30.7% owned by Toronto-based Caledonia Mining (TSE), has acquired rights to earn an interest in two gold prospecting licences near Bibiani, Ghana.
Reunion’s agreement with the Placer Dome (TSE)-Outokumpu joint venture enables it to earn a minimum 25%, and possibly as much as 85%, interest in the prospecting licences by spending US$2 million over a 3.5-year period.
Reunion’s prospecting licences cover 214 sq. km in an area some 200 km north of the Ghanaian capital, Accra. The gold mineralization lies 18 km southeast of and along strike from the defunct Bibiani mine, which produced over 2 million oz. gold.
Previous work on the land package has outlined six geochemical anomalies over a strike length of 7 km, and each of these is considered an immediate drilling target.
Previous exploration by adits and trenching indicate that these anomalies may represent shallow, low-grade gold deposits amenable to open-pit mining and heap leaching. Samples show gold grades ranging from 1.06 grams per tonne over 57 metres to 2.42 grams over 22 metres.
To date, no drilling has been undertaken on the land package.
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