Since acquiring the mine in 2010, Nordgold has maintained a consistent programme of exploration activities in order extend the life of the mine
Diguili deposit is located approximately 35km from the processing facility at the Lefa mine. (Credit: PublicDomainPictures from Pixabay)
Nord Gold plc (“Nordgold” or the “Company”), the internationally diversified gold producer, announces that its Lefa mine team have started mining at the new satellite Diguili deposit in the Republic of Guinea.
Nordgold, through its ownership of the Lefa mine, is one of the largest gold producers in the Republic of Guinea and an important contributor to the country’s economic and social development. Since acquiring the mine in 2010, Nordgold has maintained a consistent programme of exploration activities in order to increase reserves and resources and extend the life of the mine.
The Diguili deposit, which is located approximately 35km from the processing facility at the Lefa mine, was significantly expanded by the Lefa team after a successful regional exploration programme. Using ground geophysical Induced Polarization (IP) techniques, the deposit’s proved and probable gold reserves (JORC) of 78 koz as at the end of 2020, have increased to 138 koz as at the end of March 2021.
Louw Smith, Chief Operating Officer said:
“A core pillar of Nordgold’s strategy is to expand our resource and reserve base through both organic growth and selective acquisition of high value projects. Our acquisition of Lefa in 2010, combined with the extensive exploration programme we have undertaken since then, is precisely in line with that strategy. The Diguili deposit was identified by our exploration team and it will now make a strong contribution to the overall Lefa mine performance.”
Source: Company Press Release