Location: Senegal | Resource: Gold
London-based exploration and development company Stratex has concluded an option earn-in agreement with Senegal Exploration Suarl (AGEM), a wholly-owned subsidiary of IAMGOLD, about the Dalafin gold project in Senegal.
“Following a project review in 2017, we believe that a joint venture is the best route for all stakeholders at Dalafin,” says Tim Livesey, CEO at Stratex. “We are therefore delighted to have delivered on this agreement with such a high-profile company, to fast-track exploration at Dalafin whilst minimising our financial exposure. IAMGOLD produces 800 000 gold ounces per annum, has an extremely good reputation in West Africa, and we look forward to working with them and to developing a broader strategic relationship in the region,” says Livesey.
The 472.5km² Dalafin license is in south-eastern Senegal, in the centre of the Birimian-age Kédougou-Kenieba gold belt that extends from eastern Senegal into western Mali and has already seen multiple major gold discoveries, including IAMGOLD’s Boto gold project.