Mali discovery cheers Randgold boss
30 Jul 2010
Shares in Randgold Resources were shining after the Africa-focused gold miner's chief executive Mark Bristow said its recent discovery of a gold deposit at Gounkoto in western Mali confirms the region's potential for further finds of this size.
Speaking at a media briefing in Mali, he said that all indications point to Gountoko having the potential to become 'a low-cost, long-life open pit and underground mine.'
The deposit is about 15 miles south of Randgold's Loulo, which it is currently being turned into a 'megamine.'
'We have always said that this region had the prospectivity to become one of Africa's key gold addresses and Gounkoto - along with the continuing expansion of Loulo itself and the discovery of other prospects such as Massawa, which is across the border in Senegal but part of the same structure - has confirmed this belief,' Bristow said.
'Mali still holds enormous potential for further gold discoveries for those who are bold enough to invest in the region.'
