Grumesa
The Grumesa-Awisam project (39 sq km) is located within the highly prospective Ashanti gold belt of south west Ghana, 30km south east of the 60Moz Obuasi gold mine. The project is situated within the Tarkwaian Series sediments.
With indicated (195,000 oz) and inferred (619,000 oz) gold resources totalling 814,000 oz, indications are that the low grade Kayeya project can be developed as a low capital cost but high operating cost per ounce satellite producer to a larger operation at Ayanfuri.
At high gold prices it could be brought into production in advance of Ayanfuri.
The potential mine life can only be determined after the current infill drilling program on the northern portion of the larger, low grade Kayeya gold deposit is completed.
