Goldplat Plc (LON:GDP) , the African gold producer, said this morning that it intends to commence a drilling programme at the Nyieme gold project in Burkina Faso. The total cost of Phases 1 and 2 of the exploration programme is estimated to cost US$240,000. On completion it will be determined if a JORC-compliant resource can be calculated. CEO Demetri Manolis commented:
"We are highly confident about the potential of the Nyieme Project in Burkina Faso and have therefore devised an extensive exploration programme to test both the existing high grade targets, which include 3m @ 17.48 g/t gold as well as potential new areas of mineralisation. The West African region is attracting significant investment due to the recognised prospectivity of Burkina Faso, Ghana and Mali, and we believe through exploration we can significantly improve the value of the Nyieme Project."
Goldplat has two recovery businesses based in South Africa and Ghana producing circa 21,000 ounces of gold per year. The South African plant is located near the centre of the East Rand Goldfield and raw material feedstocks are sourced from many of the South African mining companies, including AngloGold Ashanti, Goldfields, Harmony, DRD Gold and other smaller producers. The Ghana plant, located in the free port of Tema, provides access to raw materials from mines in Mali, Guinea, Burkina Faso, Benin, Cote D'Ivorie, Senegal, the DRC and Mauritania and Ghana.
