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Ironridge Resources Limited says Chad "really excites" the firm after Tekton Mineral deal

Vincent Mascolo, chief executive of IronRidge Resources Ltd, said "Chad really excites us" after the firm revealed it was taking a 58% stake in Tekton Minerals, giving it a first shot at several highly prospective gold belts.
"We've already fallen in love with Dorothe," the company boss told Proactive's Sarah Lowther, referring to one of the prospects at the 1,400 sq km site, which the firm reckons will be a "multi-million ounce" deposit.
Mascoo said he  expects this to be mirrored at the other two prospects  - Echbara and Am Ouchar.
Infrastructure, like roads and power , is already in place he said, since Chad  was an oil- based country and major firms are already there like Glencore and Exxon.

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Price: 14 GBX

AIM:IRR
Market: AIM
Market Cap: £58.11 m
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IronRidge Resources reports three significant discoveries in past three years

Proactive's mining analyst Ryan Long updates investors on IronRidge Resources' (LON:IRR) significant discoveries in the past three years. It is an AIM-listed exploration company, which has a portfolio of gold and lithium projects across Africa. Long points out the 'very good technical...

on 23/9/20

2 min read