Project Highlights

Bauxite Mines

MineralVest has acquired multiple concessions that covers 2 separate mines (4 concessions) that collectively span more than 1700 km2: Kindia and Mamou. These bauxite holdings are both in Guinea and are endowed with vast amounts of world class reserves.

Mamou Bauxite Mine

The Mamou mine currently spans more than 311 km2 and the company is pending an adjacent permit for an additional 187 km2. It’s located in the Mamou prefecture; sub-prefectures: Timbo, Poredaka, Nyagara, and Dune.

This mine is in one of Guinea’s premier high-grade bauxite districts and is 100% owned by MineralVest. The team conducted a reconnaissance mission validating high grades and quantities of bauxite. During this expedition the team observed and excavated existing trays in the permit which led to significant results: geological information both on mineralization and the discovery of various plateaus in the area. In June of 2020, a total of 300 metric samples were collected from 50 wells on different plateaus spanning the concession. This concession may be one of the best deposits in all of Guinea.

Kindia Bauxite Mine

The Kindia mine spans 206 km2 and the team is pending an adjacent permit for 1,000 km2 as the previous mission indicated strong bauxite moving north on the plateau. In 2017, the team conducted a reconnaissance mission where they observed and excavated existing trays in the permit and several samples were pulled and sent to SGS Labs. The results were excellent as they yielded between 35% to 53% aluminum oxide and the deeper the samples were pulled the stronger aluminum oxide became. The team tested 8 meter in depth at the top of the plateau and along the sides which all indicates strong anomalies of bauxite which leads the team to believe the entire mountain could be composed of rich bauxite.

Gold Mine

KanKan Gold Mine

The KanKan gold mine spans 97 km2 and is located near several multi-million-ounce producing mines in the Birimian terrain, specifically in the gold ore belt of Falem which runs from northwest Africa to southeast. This area has yielded some of the highest quantities and qualities of gold.

The fine sediment formations (siltites, argillites, and feldspathic sandstones) occupy almost the entire extent of the permit and outcrop in the south and in the center the basic or ultrabasic volcanic rocks, biotite granites and mica schists or paragneiss. In the North, the permit is crossed by alluvial formations trending North-West South-East. This gold anomaly is well-illustrated by very high gold values and is developed in a very favorable geological environment.

In 2020, 17 samples were taken and sent to SGS Labs in Bamako for analysis by the FAA505 method. Nine of the 17 samples yielded greater than or equal to 40 ppb and up to 3,180 ppb which represent strong anomalous values.

The high grades are observed mainly in the sediment formation to the east, center and southwest in the gold mining areas of the permit, respectively 0.94 g/t, 2.210 g/t and 3.180 g/t. The team also pulled pit samples to determine the minimum depth of mineralization and the preferred direction of the structures. Two out of four wells exhibited the presence of significant gold anomalies ranging from 68.33 ppb to 73.33 ppb. The mineralization begins at 40 ppb in quartz crusts and ends at 10 ppb in laterite from 6m depth. The gravel reached from 4m with a grade of 90 ppb and at 5m, we see a remarkable growth of grade up to 240 ppb. This variation depends not only on the depth but also on the encrustation of quarts in the laterite before dropping down to 10 ppb from 6m.

Iron Ore Mine

More information coming soon.