Australian firm to start commercial gold mining in Ghana by 2013
Barring any hitch, Azumah Resources Limited, an Australian Gold Exploration Company operating in the Upper West Region will start active commercial scale gold mining in the emerging north-west Ghana gold province in 2013.
The Wa Gold Project is expected to be holding 754,300 ounces of gold, with the Kunche reserves recording the highest gold deposit of 516,000 ounces.
Mr. Stephen Stone, Managing Director of Azumah Resources made this known during the opening of a two-million dollar residential camp for the company’s officials and workers at Kalsagla near Nadowli in the Nadowli District on Wednesday.
He said Azumah’s 3,100 kilometre square licences encompass 150 strike kilometres of Birimian –age greenstone terrain while its ampella’s licences lie directly across border in Burkina Faso in the same Brimian greenstone belt.
He said so far the company had invested $20 million in gold exploration during the past six years alone and was spending $1.5.million on monthly basis on exploration.
Mr. Stone announced that the company was also exploring for gold at a concession in the Wa East District and gold mining in the region will mark the beginning of a turning point vision to empower local people economically and socially to come out from the shackles of poverty and enhance livelihoods.
He said Ghana had a track record in gold mining investment and development with low country risk rating, with supportive legal system and stable government as well as an English- speaking population.
The Managing Director expressed the hope that with the support of local people more exploration would be done and there is the possibility that more gold would be discovered in the area.
Source: GNA