Equatorial Guinea - Africa
About the Project:
- Collaboration with Government of EG to attract investment and develop a mining industry
- Delivery of a state-of-the-art airborne geophysical survey and geological interpretation for EG in return for first rights to select mineral concessions equal to 15% of the area flown
- Geophysical results validated by field testing
- Geological trends and mineral occurrences are consistent with those in the surrounding nations of Cameroon and Gabon
- Survey generated > 3,000 geophysical line anomalies
- Interpretation yielded 234 high priority exploration targets
- Selections captured 98 high priority targets
- ~3,900km2 total land package selected in 7 different project areas
- Opportunity to acquire additional project areas
About Equatorial Guinea:
- Total surface area to the mainland “Rio Muni” area is 26,017km2 on the Atlantic coast of West-Central Africa bordered to the north by Cameroon and south and east by Gabon
- Mineral potential: petroleum, gold, base metals, iron ore, diamonds, tantalite, bauxite, platinum-group elements
- Stable pro-mining jurisdiction with a thriving international petroleum industry is working to be a pillar of stability and security in their region.
- Government has a plan to diversify the economy by 2020 and is building a competitive investment environment for the mining industry
- President Obiang is past Chairman of the African Union. CEMAC (the Economic Community of Central African States) is based in the capital city, Malabo.
- EG Government is committed to improving transparency, accountability, standards of living and infrastructure (including highways, electricity, potable water, health care, sanitation and schools) throughout the country.
