Amani Gold announced that it has signed a Memorandum of Understanding with Bon Génie N. Mining to acquire ten highly prospective gold Exploration Permits in the DRC through an 85.7% interest in BN Mining.


Image: A gold mineral. Photo: courtesy of carlos aguilar/

BN  Mining has  an  option  agreement  with  LA  SOCIÉTÉ  MINIÈRE  DE  KILO-MOTO SA (“SOKIMO”), over Exploration Permits,  11796,  11797,  11798,  11800,  11801,  11804,  11816,  11817,  11820  and  11832 (“Gada Gold Project”), located in north-east DRC within the Niangara, Dungu and Rungu Territories of the Haut Uele Province.

The board and management of Amani Gold view the Gada Gold Project as offering a significant material opportunity for  value  enhancement  to  the  Company.  Given  the  location,  geology  and  scale  of  the tenement package, as well as the early stage scouting carried out across the project, it is clear that the package  is  highly  prospective  for  large  gold  mineralisation.  Local  artisanal  gold  mining  has  been undertaken for many years within shallow pits of depth to generally less than 10m.

Amani intends to conduct a modern exploratory  study and targeting program to determine  potential target areas for systematic exploration work.

Amani Gold’s Technical Director; Mr Grant Thomas commented: “Subject to positive due diligence, the Gada Gold Project can be a great addition to Amani Gold. We know the geology, mineralisation and have proven at Giro, that we know how to explore and discover gold deposits in this part of the DRC. The acquisition of this package would see Amani as one of the major gold tenement holders in DRC in a proven gold producing region nearby to the 600,000oz per annum gold mine at Kibali.

We  have  our  teams  ready  to  start  sampling  and  mapping  at  Gada. The year  ahead  will  see  Amani primarily drill deeper at Kebigada, and then complete follow-up exploration drill testing of several of the best prospects defined at Gada”.

The Gada Gold Project consists of 10 Exploration Permits namely 12392, 12394, 12395, 11796, 11797, 11798, 11800, 11802, 11816 and 11817 for a total of 3,159.71 square kilometres located in the north east of the Democratic Republic of Congo within the Naingara, Dungu and Rungu Territories of the Haute Uele Province with Isiro as the Provincial Capital.

The Gada Project lies approximately 100km to the west of Amani’s Giro Gold Project, 382km by road. The Gada Project can be accessed by air via an unpaved airstrip at Dungu 50km from the Gada Project. The  Dungu  airstrip  is  3km  in  length  and  operated  by  MONUSCO  (United  Nations  Organisation Stabilisation  Mission  in  the  Democratic  Republic  of  Congo).  Mobile  network  communication  services with  intermittent  3G/2G  internet  are  available  with  field  supplies  such  as  food  and  fuel  available  at Dungu.

Source: Company Press Release