Gold Potential in Mali and Rwanda
Sonny Janda, CEO for Desert Gold Ventures, shares this explorations plans for the future with their African projects.
Desert Gold is based out of Vancouver. However their primary focus is in Africa, two countries. Mali in the western region and in Rwanda in the north near Congo in Uganda. In Rwanda we have the ability to, with the, a small capital expenditure, a small capital budget to become producing relatively quickly with a permit in place. And in Mali with our proximity to all the world class mines in the area, we feel that with a kind of small budget to explore the asset, we feel that we can entice a strategic partner to join us in realizing a revenue stream in the near term.
It’s a 43-101 compliant resource, 70,000 ounces gold with a short proximity to a local producing mine with good infrastructure for potential off-take agreement. In Rwanda, we’ve got again a 43-101 resource showing 256,000 ounces of gold and our plan there is to — with our commercial mining permit that was issued last month to work out a plan of operation to extract the ore there today to get into short-term cash.
The capital expenditure required to achieve our goals in both countries is not hundreds and millions of dollars; we’re talking, $5 to $10 million. And with that ability and compliant resources that we have on both assets, we find that it might be easier to achieve than try to get that big number.
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