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General information about the project

 

General information about the project

Currently the company is engaged in the development of two gold mining plots - 13 sq km and 101 sq km in the Republic of Guinea, the Prefecture of the city Siguiri, which admittedly is the most auriferous district of the Republic.

13 sq km plot located 70 km from Siguiri in the direction of the Malian capital Bamako. A goog road with a small exit about  6 km runs to the plot.

The economic justification of the project and calculating of the investment return is based on the data of preliminary plot's exploration and detailed geological exploration of the greater part of the 13 km concession. Estimated volume of gold deposits on the plot are about 11-13 tons. An average investment is about 180-190 % per year based on data of the preliminary geological exploration.

101 sq km plot is located 85 km from Siguiri to the West. The village Bandua with a population of 270 people is placed on the territory of the concession. The plot is located away from main roads and large settlements. Exploration and obtaining of hardrock gold licence will be carried out within the frameworks of the investment lot. Profit forecast can exceed 3 billion dollars.

Both plots have significant potential for the gold extraction, based on their location relative to other major gold producers in the Republic of Guinea.


Documentation
  • Certificate confirming incorporation of company
  • The ownership certificate of the 40% shares in Guinean company GOLD MINING GROUP – SARL “GMG-SARL”
  • The ownership certificate of the 40% shares in Guinean company TRUSTACOGOLD-SARLU
  • The staking permit for 13 sq km area TRUSTACO-GOLD SARLU
  • The staking permit for 101 sq. km area TRUSTACO GOLD
  • Geologist's report for the part of 13 sq.km area
  • GoldShipment (standardoperationgprocedure)
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