The Mining industry in Guinea is a major economic activity that contributes significantly to the country’s economy. In 2012, mining industry accounted for about 22% of Guinea’s gross domestic product (GDP).
The Sun & Sand group holds gold exploration licenses over three blocks located near the world class Siguiri gold district in north east Guinea.
The Siguiri project covers an area of 175 sq.km and the Mandiana project consists of two licenses covering 238 and 225 sq. km. The projects are early stage exploration greenfield properties. The long record of intense artisanal mining activities within and surrounding the project provide evidences of gold mineralization. The project lies within Siguiri basin that forms part of the Proterozoic volcano-sedimentary Birimian Supergroup of West Africa. The primary gold mineralization is hosted by orogenic quartz veins and secondary gold is associated with lateritic mineralization.
Sun & Sand has a quality team of geologists and field technicians made available through BMRC in the project areas. The team is working to develop the property from greenfield exploration target through to mine closure. The targeted exploration activity comprises regular geochemical sampling, magnetic and Induced Polarization (IP) geophysical survey, High Resolution Satellite image and GIS analysis, and RAB/RC/Core drilling leading to Mineral Resource Estimate according to international reporting standards.
During 2016, pit sampling was carried out in selected areas of Siguiri project. Most of the samples have provided indications for the gold.