Sign up USA
Proactive Investors - Run By Investors For Investors

Ironridge builds huge land position in Ivory Coast

Ironridge's latest earn-in deal makes it a formidable player in Ivory Coast exploration
Ironridge builds huge land position in Ivory Coast
The new ground is adjacent to an existing gold resource

IronRidge Resources Limited (LON: IRR) has secured the right via an earn-in agreement to acquire an additional gold license application in Ivory Coast, West Africa.

The new application for a license at Vavua South covers 400 square kilometres of ground in the famous Birimian Greenstone Belt.

It takes the total amount of gold exploration ground held by Ironridge in Ivory Coast to 3,510 square kilometres.

Of more immediate significance, the acquisition is adjacent to and along strike from a recently defined and growing third party 700,000 ounce gold resource.

"We are very excited by this strategic acquisition which further consolidates and enhances our extensive gold portfolio along prospective structures within the pro-mining jurisdiction of Ivory Coast,” said Vincent Mascolo, Chief Executive Officer of IronRidge.

“We see enormous potential in the Ivory Coast and the portfolio presents a spectacular strategic opportunity that entails exploration potential along significant proven gold bearing structures within close proximity to infrastructure. This strengthens the Company's broader strategy of securing large project footprints within highly prospective yet underexplored terrains with proven gold potential in supportive jurisdictions."




Register here to be notified of future IRR Company articles
View full IRR profile

Ironridge Resources Limited Timeline

February 12 2015

Related Articles

April 11 2017
"In one transaction, Golden Arrow has leapfrogged into producer status overnight...," said Grosso.
March 16 2017
Todd Hibberd brought gold, lithium and nickel to investors.
Potash West NL's Patrick McManus talks near-term news in Proactive Q&A Sessions™
November 29 2016
Patrick McManus, MD, exclusively joins Proactive Q&A Sessions™.
Copyright ©, 2017. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use