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Kossanto East Data

Kossanto East Information

  • Exploration 2015-10-12
    During the 2013/14 field season, Alecto increased the JORC code compliant inferred resource estimate at Kossanto East by 131% to 247,000 oz Au at a cut-off grade of 0.5g/t Au (GBRE: 3,080,000 tonnes @ 1.27 g/t for 126,000 oz Au and GBRW: 3,638,000 tonnes @ 1.03 g/t for 121,000 oz Au) since its acquisition in October 2013. At Kossanto East, Alecto's exploration teams have delineated two further priority target areas through Rotary Air Blast (RAB) drilling. At Berola North 18 metres at a grade of 1.03 g/t was intercepted from surface representing a significant continuous zone of mineralisation that has the potential to be part of a system similar in size to the Gourbassi deposits. Elsewhere, individual RAB intercepts suggest wider spread mineralisation as well as potential extensions to the known deposits.
  • Exploration 2015-10-12
    During the 2013/14 field season, Alecto increased the JORC code compliant inferred resource estimate at Kossanto East by 131% to 247,000 oz Au at a cut-off grade of 0.5g/t Au (GBRE: 3,080,000 tonnes @ 1.27 g/t for 126,000 oz Au and GBRW: 3,638,000 tonnes @ 1.03 g/t for 121,000 oz Au) since its acquisition in October 2013. At Kossanto East, Alecto's exploration teams have delineated two further priority target areas through Rotary Air Blast (RAB) drilling. At Berola North 18 metres at a grade of 1.03 g/t was intercepted from surface representing a significant continuous zone of mineralisation that has the potential to be part of a system similar in size to the Gourbassi deposits. Elsewhere, individual RAB intercepts suggest wider spread mineralisation as well as potential extensions to the known deposits.
  • General 2015-10-12
    Kossanto East represents approximately one-third of the Kossanto Gold Project but has been the main focus of Alecto's historic exploration activities.
  • Processing 2015-10-12
    The Scoping Study, prepared jointly by Alecto and Desert Gold, considered various scenarios involving the development of two heap leach pads with a capacity at each for 200,000 tpa, with one heap located between the two deposits on Kossanto East, servicing GRBE and GRBW, and the other located on Farabantourou and servicing Barani East, with additional resources in proximity to these locations. It is proposed that an owner-operated mining fleet will selectively mine the deposits and deliver ore to the respective heap leach pads. A mobile unit will then move between the two heap leach pads undertaking primary crushing followed by agglomeration, with the ore then stacked using conveyors and a rotary stacker before carbon adsorption, which will take place adjacent to each heap, followed by desorption, recovery, electro winning, carbon regeneration and gold recovery, which will be completed in a central gold recovery plant.

Nearby Locations

Nearby Location News

  • Sofia, Senegal: 16m grading 12.33g/t Au from 8m (SFRC073) 2016-08-04
  • Teranga Gold sets new production record 2016-07-29
    Dual-listed Teranga Gold has recorded its “best ever” production for a second quarter, producing 52 540 oz in the three months ended June. This brought the company’s half-year production to 123 267 oz, spurred by its mill throughput surpassing one-million tons for only a third time in the company’s history. Teranga also reported all-in sustaining costs of $968/oz , including all development capital and total cash costs of $619/oz .
  • ASX: Technical Report NI 43-101 2016-03-24
  • ASX: Press Release - Technical Report 2016-03-24
  • Teranga Gold Outperforms 2015 Cost Guidance 2016-01-29

    Production Shortfall Deferred to 2016

    Replaces Reserves and Significantly Improves Life of Mine Cash Flows

  • Mali's gold output could hit 60 t by end-2017 – government 2015-11-18
    Mali's gold production could rise to around 60 tonnes a year by the end of 2017 as a series of new projects comes online, the West African nation's mining minister said on Tuesday. Mali is Africa's third-largest gold producer after South Africa and Ghana and mined 49.865 t of the precious metal last year. The sector contributes around a quarter of government revenues.
  • Teranga Gold Announces Receipt of Environmental Approval for High-Grade Gora Deposit 2015-03-16

    Gora is the first deposit to be discovered on Teranga's large regional land package

  • Dalafin Exploration Update 0000-00-00
    Market News alert Stratex International PLC

Kossanto East News

  • Alecto, Ashanti to jointly develop Mali-based Kossanto project 2016-08-22
    To further develop the 247 00 oz Mali-based Kossanto East gold project, owner Alecto Minerals has signed a nonbinding letter of intent (LoI) with TSX-V-listed Ashanti Gold. The Canadian exploration and development company now has the right to earn a 65% stake in the project by completing a preliminary feasibility study (PFS) within 36 months. Should Ashanti not complete the PFS within the allocated time, it may instead elect to pay $4-million to Alecto within 90 days.
  • Alecto to develop gold projects with Desert Gold 2015-03-09
    Aim-listed mineral exploration company Alecto Minerals has signed a cooperation agreement with TSX-listed Desert Gold to jointly develop the Farabantourou gold permit and the Kossanto East gold project, in Mali, and bring them into production. “With a combined estimated indicated and inferred resource of over 365 000 oz gold and falling within a 10 km radius of each other, we believe there is significant scope to develop the Kossanto East and Barani East deposits into a commercial mining opportunity. Accordingly, working in collaboration through the sharing of information and resources with Desert Gold marks a significant step towards achieving this goal,” Alecto CEO Mark Jones said in a statement on Monday.
  • Scoping Study at Kossanto East with Desert Gold 0000-00-00
    Market News alert Alecto Minerals PLC
  • Kossanto East JV 0000-00-00
    Market News alert Alecto Minerals PLC

Related News

  • Alecto raises funds for pre-development activities 2016-09-30
    The company is close to securing vendor finance to cover the capex required to deliver gold production at Matala
  • Alecto, Ashanti to jointly develop Mali-based Kossanto project 2016-08-22
    To further develop the 247 00 oz Mali-based Kossanto East gold project, owner Alecto Minerals has signed a nonbinding letter of intent (LoI) with TSX-V-listed Ashanti Gold. The Canadian exploration and development company now has the right to earn a 65% stake in the project by completing a preliminary feasibility study (PFS) within 36 months. Should Ashanti not complete the PFS within the allocated time, it may instead elect to pay $4-million to Alecto within 90 days.
  • Alecto, Ashanti to jointly develop Mali-based Kossanto project 2016-08-22
    To further develop the 247 00 oz Mali-based Kossanto East gold project, owner Alecto Minerals has signed a nonbinding letter of intent (LoI) with TSX-V-listed Ashanti Gold. The Canadian exploration and development company now has the right to earn a 65% stake in the project by completing a preliminary feasibility study (PFS) within 36 months. Should Ashanti not complete the PFS within the allocated time, it may instead elect to pay $4-million to Alecto within 90 days.
  • Alecto Minerals plots a fast track route in Africa 2016-06-10
    Now all attention is on Zambia and the Matala project.
  • Randgold, Alecto JV in Mali moving ahead 2016-02-29
    Aim-listed Alecto Minerals has received confirmation from Randgold Resources that all conditions precedent to the parties’ joint venture (JV) agreement for the exploration and development of Alecto’s 137 km2 Kossanto West project, in western Mali, have been satisfied.  The parties in January signed the JV agreement that would see Randgold fund all costs at the project, which comprised the Kobokoto East and Koussikoto exploration permits, up to the completion of a prefeasibility study.
  • Alecto acquires Zambian gold deposits 2015-11-23
    Africa-focused gold and base metals developer Alecto has entered into an agreement to buy Luiri, which owns the 760 000 oz Matala and Dunrobin Gold Mines (the project), in Zambia, for £1.54-million. Alecto would issue 943-million new ordinary shares with an aggregate value of £1.13-million, pay £100 000 in cash and £307 500 in deferred consideration to the vendors, C3W and CNG Trust.
  • Alecto to develop gold projects with Desert Gold 2015-03-09
    Aim-listed mineral exploration company Alecto Minerals has signed a cooperation agreement with TSX-listed Desert Gold to jointly develop the Farabantourou gold permit and the Kossanto East gold project, in Mali, and bring them into production. “With a combined estimated indicated and inferred resource of over 365 000 oz gold and falling within a 10 km radius of each other, we believe there is significant scope to develop the Kossanto East and Barani East deposits into a commercial mining opportunity. Accordingly, working in collaboration through the sharing of information and resources with Desert Gold marks a significant step towards achieving this goal,” Alecto CEO Mark Jones said in a statement on Monday.
  • Scoping Study at Kossanto East with Desert Gold 0000-00-00
    Market News alert Alecto Minerals PLC
  • Scoping Study at Kossanto East with Desert Gold 0000-00-00
    Market News alert Alecto Minerals PLC
  • Disposal of the Company's Ethiopian Assets 0000-00-00
    Market News alert Alecto Minerals PLC

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