Guinea Exploration – Gold

The key projects within the Company’s Portfolio in Guinea are Alahiné and Mansala, situated within Guinea’s Siguiri Basin.

The objective of Polymetals’ efforts at Alahiné & Mansala is to discover “Siguiri-style” mineralisation akin to the AngloGold Ashanti (ASX:AGG, NYSE:AU) >10Moz Siguiri Gold Mine, located 37km west of the Alahiné licence.

The Siguiri Basin occupies the north-eastern corner of Guinea and hosts several large active gold mining operations and is notable for its widespread gold anomalism. The Basin is broadly covered by exploration or exploitation tenure and there is little vacant land available for new exploration participants in the region. The region is considered prospective and relatively immature from an exploration perspective although producing over 500,000 oz of gold/year.