Risk and valuation analysis of the Koulekoun Project |
Status Risk : Advanced discovery |
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Title(s) of the Koulekoun Project |
| Avocet Mining PLC Option on interest: 100% |
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Title | Company Profile | All Projects | Company website | Company project page |
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The 270km2 Koulekoun Exploration License is held 95% by Wega Mining Guinée SA, which is 95 % held by Wega Mining ASA. Wega Mining Guinée SA has the option to purchase the remaining 5%. |
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Location of the Koulekoun Project |
The licence surface measures 196 square kilometers, South of the local centre Mandiana, and 45km North-East of Kankan.
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Geology of the Koulekoun Project |
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A drill indicated resource of 150,000 ounces has been reported, based on 2.8 million tonnes of ore at 1.7g/t from a drill program performed by a local operator but supervised by Pierre Lalande. The best holes showed 12.4g/t over 22m, 5.3g/t over 7m, 25.6 g/t over 3m and 2.1g/t over 11m.
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