Premier African Minerals Receives Gold Exploration Permits in Togo

 Aim-listed Premier African Minerals on Tuesday said it had secured two gold exploration permits that cover 400 km2 in the highly prospective Dapaong area, in Togo, West Africa.

The miner indicated that the permits were valid for an initial period of three years and that it intended to immediately commence exploration to quantify the full potential of the area, which added to its portfolio of mineral assets in Southern and West Africa.

CEO George Roach highlighted that the permits underlined Premier African Minerals’ development strategy that was aimed at advancing its existing portfolio, which comprised a number of preproduction assets, and increasing its asset base.

“The Dapaong project in northern Togo is an exciting addition to Premier’s diversified multicommodity portfolio. Given the substantial size of the project, the presence of Birimian-aged mineralisation, which has been proven to host commercial gold deposits across Western Africa, and the significant levels of artisanal activity, we consider Dapaong to have excellent development potential,” Roach said.

Substantial gold mineralisation had previously been discovered within Birimian-aged formation belts located in Ghana, Côte d’Ivoire, Mali, Guinea and Burkina Faso.

Major gold mines in the region include GoldFields’ Tarkwa mine, in Ghana, AngloGold’s Oubasi mine, also in Ghana, and Etruscan Resources’ Youga mine, in southern Burkina Faso.

“We expect to be active in 2013, as we look to continue with the development of our RHA and Katete projects [both in Zimbabwe], which are highly prospective for tungsten and rare-earth elements respectively,” Roach indicated.

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