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Bibiani Project
Bibiani
Country
Ghana
Close to
Kumasi
Status
PRODUCTION
Surface
49 km² / 12,108 acres
Latitude / Longitude
6 N 28 / 2 W 19
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Risk and valuation analysis of the Bibiani Project
Status Risk : Production
Country Risk : Light
Resource Risk : 48.00%
In situ value
2,838,331,646 $
Title(s) of the Bibiani Project
Central African Gold
Owner: 100%
Title
Company Profile
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Company website
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Central African Gold has acquired the Bibiani Mine from Anglogold in July, 2006. Ashanti acquired Bibiani in 1996 when it acquired International Gold Resources Corporation and Ghana Libyan Arab Mining Company Limited.
Location of the Bibiani Project
Bibiani gold mine is located in western Ghana, 250km northwest of Accra. The mine lies within the Sefwi-Bibiani belt, host to over 17 million ounces of gold mineral resources, and the second-most significant gold-bearing belt in Ghana after the Ashan
more...
History of the Bibiani Project
Production at Bibiani started in 1902 and since then a total of approximately 4 million ounces of gold has been produced from a combination of historic underground and recent opencast and tailings retreatment. It is notable that historic underground
more...
Geology of the Bibiani Project
The Bibiani gold deposit lies within Birimian meta-sediments and related rocks which occur in the Proterozoic Sefwi Belt of southern Ghana. Gold and gold-bearing sulphide mineralisation occurs in quartz-filled shear zones and in altered rocks adjacen
more...
Reserves and resources of the Bibiani Project
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Proven
5,600,000
1.23
221 454
Probable
2,200,000
3.43
242 610
Proven and Probable
7,800,000
1.85
464 064
Measured
5,800,000
1.22
227 499
Indicated
18,500,000
1.26
749 434
Mesured and Indicated
24,300,000
1.25
976 933
Inferred
3,100,000
6.10
607 971
Total
35 200 000
2 048 967
Definitions
Reserves and resources of the Bibiani Project
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
2 048 967
221 454
242 610
464 064
227 499
749 434
976 933
607 971
oz
2 834 336 160 US$
Exploration and drilling
8/18/2008
increases underground production at Bibiani Gold Mine
7/11/2008
financial woes
4/1/2008
Increases Underground Reserve Estimate at Bibiani by 31% to ...
3/20/2008
Production update at Bibiani
Location
Data last updated on : 9/6/2006
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Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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