IronRidge Resources Limited (LON:IRR) has signed off the joint venture with Gail Exploration for a gold prospect in the Ivory Coast.
Originally agreed this time last year, Ironridge will have access to a granted licence covering 385 sq km.
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Samples so far have indicated 46.4g/t gold while hard-rock artisanal workings have been defined over 1.2km strike length within a broader 12km strike target.
The licence is contiguous to 3 other licences obtained by Ironridge, making 70km strike of highly prospective geology.
Vincent Mascolo, chief executive, said: "Securing the Gail license has been one of the key strategic priorities for the company.
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It represents a valuable addition in consolidating our position along the prospective Wa-Lawra (2.2Moz gold)- onkera (3.3Moz Au) shear corridor.
“Côte d'Ivoire represents a hugely prospective and supportive jurisdiction with pro-mining investment framework."