← US Feed

97% Recovery. Fully Permitted. 12 Kilometers From a 20-Million-Ounce Deposit. And Nobody's Talking About It.

97% Recovery. Fully Permitted. 12 Kilometers From a 20-Million-Ounce Deposit. And Nobody's Talking About It.

AI Briefing

  • A gold project in Tanzania has been permitted and has 97% recoverable gold, with a 12 km distance to a large gold mine. The project has a strategic partner with Tanzania's richest mining billionaire and insiders hold over 70% of the float. The stock trades below where Barrick Gold bought in.
  • The project is located in a prolific gold-producing district with nearby major mines, including AngloGold Ashanti's Geita Mine and Barrick's Bulyanhulu Mine.
  • The metallurgical testwork confirms 97% recoverable gold using conventional processing, making it an attractive development opportunity in the gold sector.
Advertisement
Read Original Article