| Risk and valuation analysis of the Siribaya Project |
| Status Risk : Advanced discovery |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Title(s) of the Siribaya Project |
 | IAMGOLD Corporation
Interest: 50% |
 | | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
|
 | Merrex Gold
Interest: 50% |
| | | | |
| Title | Company Profile | All Projects | Company website | Company project page |
|
| Pursuant to the the Touba option Merrex may earn up to a 95% interest in any mining permits Touba secures within a 4,100 square kilometre area of interest. |
|
|
|
| Location of the Siribaya Project |
|
Merrex owns a large land position in the prolific West Mali Birimian gold producing area in Africa. Together with strategic partner Touba Mining, Merrex has acquired five mineral permits in West Mali, resulting in a significant contiguous land position covering over 750 sq. kilometres
|
| |
| History of the Siribaya Project |
|
Previous exploration work covering the various Siribaya permits consisted of regional geochemical surveys that reported over 100 kilometres of broad gold anomalous zones associated with geological structures. This historic database included several soil samples assaying over 1000 ppb and as high as 4000 ppb.
|
| |
|
|
