Massawa Gold Project

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Quick Facts

Bambaraya Senegal

Location

Gold

Resource

2.6 Million oz

Reserves

3.94 g/t Au, 10+ years mine life

Quality

Exploration

Phase

Location

Related Government

Geology

The Massawa gold project is situated on the Senegalese side of the highly prospective Birimian Greenstone Belt. The Massawa ore body has a strike length of at least 4 km and a current resource of 3.61 Moz at a grade of 2.8 gt-1. The ore body is structurally controlled and located within a package of low-grade regionally metamorphosed volcaniclastic sediments (agglomerates, tuffs, and ash-tuffs), quartz-feldspar, and lithic wackes, carbonaceous shales, hydrothermal breccias, and gabbro and porphyry sills. These rocks have undergone pervasive silica alteration followed by a sericite-ankerite-chlorite alteration event related to mineralization. Two major styles of mineralization are recognized at Massawa from field and laboratory studies. The first stage of sulphide-Au mineralization is associated with disseminated arsenopyrite-pyrite, which follows shear zones in the sedimentary and volcano-sedimentary host rocks

Project Owner

On the 4th of March 2020 Teranga Gold Corporation, a Canadian based gold company entered into a definitive agreement pursuant to which it will acquire a 90% interest in the Massawa Gold Project from a wholly-owned subsidiary of Barrick Gold Corporation (“Barrick”) and Compagnie Sénégalaise de Transports Transatlantiques Afrique de l’Ouest SA (“CSTTAO”) (collectively, the “ Vendors”).

Project Status

Teranga will embark on a drill program to expand the Massawa project resource base in advance of a definitive feasibility study, which is expected to be completed in 2021.

Infrastructure

There is a nearby airstrip located near Teranga’s Sabodala gold project.

 

Available Data
  • Assay
  • JORC
  • Reports
  • CPR

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