Mali: Marvel Gold completes acquisition of three gold projects from Oklo Resources Mali: Marvel Gold completes acquisition of three gold projects from Oklo Resources

-

Following a memorandum of understanding signed in August, Marvel Gold has lifted the conditions precedent to the takeover of the Tabakorole, Yanfolila and Kolondieba projects in Mali. 

This is yet another opportunity to record an important gold discovery in the region for this junior mining junior. 

Junior mining company Marvel Gold announced on December 24 that it had acquired an 80% interest in the Tabakorole, Yanfolila and Kolondieba gold projects in southern Mali. 

These three assets are part of a memorandum of understanding signed last August with Oklo Resources, which now owns a 20% interest. With this purchase, Marvel is expanding its footprint in the Malian gold sector and is targeting in particular an increase in resources for the Tabakorole project. The latter, which covers 275 km², in fact represents an extension of the Tabakorole gold project, another joint venture with Altus Strategies. 

“We recently started a 6,300m drill program to extend the 910,000 ounce resource [for the joint venture with Altus, Editor's note]. Completing this strategic transaction will allow us to accelerate the geophysical and soil programs that should generate new targets, ” commented Phil Hoskins, CEO of the company. 

Marvel Gold has interests in five gold projects in Mali, under three partnership agreements with Altus Strategies, Oklo Resources and Société minière et commerciale (SOMICO).

Cassien Tribunal Aungane, Editor

Comments

Post a Comment

Popular posts from this blog

Merck Foundation Chairman & CEO meet Botswana President & First Lady to launch long term partnership to build healthcare capacity, stop infertility Stigma & GBV and Support girl education in Botswana

-
Image
Senator, Dr. Rasha Kelej, CEO of Merck Foundation, The President of the Republic of Botswana, H.E. Dr. MOKGWEETSI ERIC KEABETSWE MASISI, H.E. Mrs. NEO JANE MASISI, The First Lady of Botswana and Chairman of Merck Foundation Board of Trustees, Prof. Dr. Frank Stangenberg-Haverkamp • Merck Foundation declared Botswana First Lady as Ambassador of “More than a Mother” to build healthcare capacity, break infertility stigma, stop GBV and support girl education. • Merck Foundation Chairperson & CEO meet Botswana President and First Lady to acknowledge their Alumni and Award winners. • Merck Foundation marking strong milestone of Transforming Patient Care Landscape and Supporting Girl Education in partnership with Botswana First Lady. Merck Foundation, the philanthropic arm of Merck KGaA Germany officially launched their programs in partnership with H.E. Mrs. NEO JANE MASISI, The First Lady of Botswana, also the Ambassador of “Merck Foundation More Than a Mother”, the programs which starte...
Read more

Merck Foundation provided 780 scholarships to women doctors to empower women in science - International Day of Girls & Women in Science

-
Image
Senator, Dr. Rasha Kelej, CEO of Merck Foundation with african women • Merck Foundation marks International Day of Girls & Women in Science through their STEM program. • Merck Foundation launches the “MARS Best African Woman Researchers Awards” annually to empower and recognize women in science. In 2023, 6 Researchers from 6 different African Countries awarded in two categories - Best African Women Researchers and Best African young Researchers. • Merck Foundation empowers African Women in the areas of Science and Technology through providing 780 scholarships to female doctors out of the total 1700 scholarships which represents 46% of Merck Foundation Alumni.  • Merck Foundation also announced the Call for Applications for Merck Foundation Africa Research Summit – MARS Awards 2024 to empower Women and Youth in STEM in Africa with special focus on scientific research in Women Health and Infertility & Reproductive Health. Merck Foundation, the philanthropic arm of Merck KGaA ...
Read more

Cassien Tribunal Aungane and 8 other congolese journalist winners, awarded by the First Lady of DRC, Dénise Nyakeru Tshisekedi for the Merck Foundation “Stay at Home” Media Recognition Awards 2020

-
Image
The First Lady of the DRC, Denise Nyakeru Tshisekedi presented during the ceremony at the Denise Nyakeru Tshisekedi Foundation (FDNT) to the winners of the Merck Foundation's 2020 “Stay at Home” media recognition award, their certificates for the media work that has helped raise public awareness of the coronavirus, indicates a press release from its Foundation that reached the ACP on Friday. According to the statement, a total of nine media professionals from several provinces of the DRC won the award. These are for the multimedia category: Jessy Nzengu (Lualaba), Muemba wa Muemba Donat (Kinshasa) and Kazadi Lukusa Nicolas (Kasai Oriental); for the Radio category: Aly Bukasa Kabambi (Lomami) and Jody Nkashama (Kinshasa). For the Written Press category: Mathy Musau (Kinshasa); for the online media category: Cassien Tribunal Aungane (Kinshasa), Mukania Kafuata André (Kinshasa), Stephie Manza Mukinzi (Kinshasa).  "To encourage them, I decided to involve them in awareness campaign...
Read more