Edum Banso Gold Project
The Edum Banso Gold Project covers 20.60 km2 located approximately 35 km northwest of Takoradi in the southeastern frontier of the prolific gold producing Ashanti Gold Belt, which is estimated to currently host over 168,000,000 ounces of total proven gold reserves. Recent multi-million ounce gold discoveries and merger/acquisition transactions involving major, mid-tier and junior companies continue to demonstrate the enormous untapped exploration potential of the region.
Previous exploration conducted on the Edum Banso concession by Newmont Gold (2004) and Xtra-Gold Resources (2008) included extensive geophysical (aeromagnetic) interpretation, soil and stream sediment sampling (5,758 total samples), trenching, auger drilling, and rock chip sampling. To date, four distinct mineralized gold zones have been identified over an area approximately 8 km long and 600 m wide, including two southern zones sharing contact with the unique Mpohor Complex geologic structure, one of the largest known gold bearing synvolcanic mafic intrusives on the African continent. The Mpohor Complex also hosts the Golden Star Resources producing Wassa/HBB open pit gold deposits (180,000 oz./year production) less than 3 km away to the southeast.