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The Douta Gold project encompasses the Makosa gold deposit which currently comprises an inferred resource of 730 000 oz of gold, grading at 1.53 g/t, as announced in its maiden mineral resource estimate (MRE) published on 18 November 2021.

A comprehensive 26 000 m exploration programme of reverse circulation (RC) drilling has been ongoing at Douta during 2022, and was designed to upgrade parts of the existing resource and to specifically target potentially higher-grade parts of the deposit. Further to the initial drilling results published on 16 November and 12 September 2022, the company has published the results from the final 8000 m drilled.

Segun Lawson, President and CEO, stated:

“We are pleased to announce further significant and robust drilling results from the Makosa prospect. These results are impressive and highly encouraging in the context of the Douta project and conclude a highly successful drilling season on a celebratory note. The wide zones of near-surface oxide mineralisation combined with solid higher-grade zones at depth provide the encouragement and impetus to propel the next phase of advancing this very exciting project in the New Year. In the coming year our we plan to maintain focus both on resource growth and project development in Senegal to meet our objective of bringing the company’s second gold mine into production.”