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Teranga Gold Corp.
Summary
| Project: | Sabodala | |
|---|---|---|
| Deposit: | Sabodala | |
| Location: | Senegal | |
| Commodities: | Gold | |
| Date: | 7/19/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Active Mining & Production | |
| Report details: | 19-7-2017: Teranga Gold Corp. announces a Resource Estimation report for its Sabodala deposit at the Sabodala project. Updated mineral resources and reserves for the Teranga project. Roscoe Postle Associates Inc. (RPA) was retained by Teranga Gold Corpora | |
| Resources: | (Reserve, P+P): 61.62Mt @ 1.37g/t Au for 2.70Moz Au contained at project | |
| CP/QP: | [Resources]: Patti Nakai-Lajoie (Internal) | |
| ABSTRACT: | Roscoe Postle Associates Inc. (RPA) was retained by Teranga Gold Corporation (Teranga) to co-author a Technical Report on the Sabodala Gold Project (the Project), located in Senegal, West Africa. The purpose of this report is to support the disclosure of the mid-year 2017 Mineral Resources and Mineral Reserves at the Project. This Technical Report conforms to NI 43-101 Standards of Disclosure for Mineral Projects. The Project includes the Sabodala Mining Concession, which consists of the operating Sabodala mine and mill, the adjacent Golouma Project, and the Gora Project, and a group of nearby exploration prospects at different stages of advancement. Teranga is a Canadian-based gold company created to acquire the Sabodala gold mine and a large regional exploration land package, located in Senegal. Teranga completed the acquisition of certain gold assets from Mineral Deposits Limited (MDL) by way of a demerger in November 2010. MDL executed a mining agreement with the Government of Senegal on March 23, 2005, and by way of a subsequent Supplementary Deed dated January 22, 2007, was granted a ten year (renewable) mining concession. In January 2014, Teranga completed the acquisition of the Oromin Joint Venture Group Ltd. (OJVG), which held a 90% interest in SOMIGOL, a Senegalese company formed to operate the Golouma Project. On April 7, 2015, an updated Sabodala mining agreement (the “Sabodala Mining Convention”) was executed to reflect the incorporation of prior amendments and agreements with the Government of Senegal as well as a larger mining concession area, which now also includes the Golouma and Gora projects. | |
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