Hes a little something something to look at man. Kibali Gold Mine !
The Kibali gold mine is located in the northeast of the Democratic Republic of Congo (DRC), approximately 220 kilometres east of the capital of the Haut Uele province, Isiro, 150 kilometres west of the Ugandan border town of Arua and 1 800 kilometres from the Kenyan port of Mombasa. The mine is owned by Kibali Goldmines SA (Kibali) which is a joint venture company effectively owned 45% by each of Barrick and AngloGold Ashanti, and 10% by Société Miniére de Kilo-Moto (SOK IMO). The mine is operated by Barrick.
VEC Adidi-Kanga is as below already !
:Mineral Resource Estimate of 15.0Mt @ 6.6g/t Au for 3.2Moz of contained gold reported in line with JORC 2012 guidelines
: Exploration Target16Mt and 27Mt at an average grade range of 4.7g/t to 7.8g/t of gold for 4.7Mozs to 6.8Mozs of contained gold
:Work completed to date by the Company’s technical team on its due diligence review of the geological and resource database has identified the opportunity to incorporate significant additional areas of mineralisation defined by previous wider spaced drilling by AngloGold Ashanti into a new JORC (2012) compliant resource. ( Done )
As a result of this review, the Company has established an Exploration Target for the Project in addition to the SAMREC Mineral Resource for the Project of between 16Mt and 27Mt at an average grade range of 4.7g/t to 7.8g/t of gold for 4.7Mozs to 6.8Mozs of contained gold (“Exploration Target”
So VEC ( Adidi-Kanga) already have in place a MRE of 3.2mill JORC @6.6g/t and a addiction a exploration target of between 4.7milloz / 6.8milloz @ 4.7 to 7.8g/t
Best to think about the Gold first and foremost , without the Gold there is nothing else to care about !
That is already a World Class Deposit right there , once settled and ( Hopefully Upgraded ) we will move to being a (tier 1 deposit) and you watch them come knocking them !
VEC Price at posting:
2.0¢ Sentiment: Buy Disclosure: Held
