Teranga Gold Corp. has recently announced their second gold mine in West Africa.
Teranga owns and operates the Sabodala Gold mine, the only gold mine and mill in Senegal, West Africa. Located approximately 650km southeast of Dakar, the capital of Senegal, Sabodala has been in operation since 2009. Teranga’s mine license and regional land package are situated on the West African Birimian greenstone belt which straddles the border of Mali where approximately 52 million ounces of gold resources have been discovered to date.As at December 31, 2015 Teranga’s total proven and probable open pit reserves were 2.6 million ounces of gold included in measured and indicated open pit resources of 4.4 million ounces of gold and inferred open pit mineral resources of 0.94 million ounces of gold. Teranga has an 13.5 year mine life based on current production and proven and probable reserves.Burkina Faso is one of the largest gold producers in Africa and is located on some of the world’s most prolific greenstone belts (accounting for 22% of West Africa’s greenstone belt exposure). The country is already host to a number of producing mines and this is anticipated to increase given the prospectivity and strong Government support for the mining industry.For more information on Teranga Gold Corp. (TGZ.TO) please fill out the form below.