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IronRidge snaps up several gold prospects in Ivory Coast

Published: 19:58 24 Nov 2016 AEDT

gold in rocks
Ivory Coast is "underexplored yet gold-rich" according to IronRidge

AIM-listed mineral explorer Iron Ridge Resources Limited (LON:IRR) told investors it has secured a highly prospective gold portfolio in the West African country of Ivory Coast.

The company has secured access rights, via earn-in agreements, to three granted licenses and three applications covering a total of 2,310 sq km.

The projects cover major shear zones and associated geological faults along proven, gold bearing regional structures, IronRidge said.

"Our top down global search initiatives continue to yield positive results with this impressive gold portfolio in the underexplored, yet gold-rich and pro-mining jurisdiction of the Ivory Coast,” said chief executive Vincent Mascolo.

"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.”

All of the acreages are supported by good local infrastructure and are easily accessed via tarmacked road networks, IronRidge added.

Shares were up 4%, or 0.7p, in early deals to trade at 16.95p.

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