IronRidge Resources completes acquisition of gold licence in Cote d'Ivoire
IronRidge Resources, an African focussed minerals exploration company, announces the successful completion of due diligence over the Zaranou Gold Project and that the Joint Venture Agreement, with a GeoServices Côte d’Ivoire SA and Atlas Resources SARL is now unconditional.
Access rights have been secured to the highly prospective and granted Zaranou Gold license covering 397km2 of highly prospective Birimian geology in Côte d’Ivoire, West Africa.
Field programmes commenced with channel sampling and mapping of extensive artisanal mining pits.
Commenting on the Company’s latest progress, Vincent Mascolo, CEO & Managing Director of IronRidge, said:
“We are very pleased that due diligence has been successfully completed; with the Joint Venture Agreement between IronRidge and Geoservices now ratified.
“In an effort to expedite the project we have already secured high-resolution satellite imagery which has successfully defined 40km strike of artisanal mining sites and helped define high-priority target areas ahead of field work commencing.
“We are very pleased with Geoservices’ professionalism and Corporate Social Responsibility programs introducing IronRidge to the local communities and government officials as well as successfully getting the license application granted, allowing field work to commence.
“We are now actively carrying out initial field programmes including mapping, channel sampling and trenching over the highest priority target areas defined from the satellite imagery ahead of drill testing.”