Western Mali Locality
Desert Gold holds 3 exploration permits in Western Mali 1) Farabantourou 2) Segala West 3) Djimbala. All of which are located directly on or near the Senegal Mali Fault Zone (“SMFZ”). The SMFZ is one of the most important geological formations on the continent and hosts some of the largest gold deposits and producing mines in the world. Revenues from gold production in this area in 2015 were approximately USD $1.2 billion.
The permit is located 220km south of Bamako, the capital of Mali and is accessed by a 195km tarred road and a 20km all-weather track. Hydro-electric power is available from the nearby Selingue hydro-electric dam. Water for mining operations can be sourced from the Niger and Sankarani rivers.
Segala Ouest and Farabantourou
The permits are located 300km west of Bamako in an area of undulating hills and between the towns of Kayes in the north and Kanieba in the south. Currently access from Bamako is by a 700km tarred road to Kayes and a further 120km of dirt road on the main Kayes to Kenieba road to Farabantourou and 200km to Segala Ouest. The dirt road varies in quality from good to poor and may become impassable in the rainy season due to flooding and deterioration of the road surface. Travelling times from Bamako to the permit areas will be drastically decreased on completion of the new highway connecting Bamako with Senegal. This road will pass close to Kenieba. Water for mining is available from the Faleme River. Mines in the vicinity are currently producing their own electricity.
Gold mineralization at Farabantourou is related to the Senegal Mali Fault Zone (“SMFZ”) structural event
Deposits in near proximity to Farabantourou on SMFZ:
- Loulo Mine; 11.5 Moz
- Gounkoto Mine; 5.5 Moz
- Tabakoto & Segala Mines; 3.3 Moz
IAMGOLD/AngloGold Ashanti JV;
- Sadiola Mine; 9.2 Moz
- Yatela Mine; 3.5 Moz
Join Venture Opportunities:
Desert Gold is holding discussions with two large neighboring mining companies to negotiate the co-development of Farabantourou