IronRidge expands Ivory Coast gold prospects

IronRidge Resources announced on Tuesday that it secured the right to acquire an additional highly prospective gold license application, which it said complemented and enhanced its existing projects in Ivory Coast, West Africa.

The AIM-traded firm reported that access rights were secured via an earn-in agreement to an application covering 400 square kilometres.

It said the acquisition “complements and enhances” its existing 3,110 square kilometre portfolio in Ivory Coast for a combined total 3,510 sq km land package over “highly prospective” geology.

The “strategic” acquisition was adjacent to, and along strike from, a recently defined and growing third party 700 Koz JORC-compliant gold resource, and reportedly complemented the existing Vavoua and Gboguhue license applications in the west of the country.

IronRidge said the site had “good access” via extensive bitumen road networks.

It added that Ivory Coast represented an underexplored and highly prospective gold rich terrain within the prolific West African Birimian Greenstone sequence, with a diversified economy and pro-mining investment framework.

“We are very excited by this strategic acquisition which further consolidates and enhances our extensive gold portfolio along prospective structures within the pro-mining jurisdiction of Ivory Coast,” said chief executive Vincent Mascolo.

“We see enormous potential in the Ivory Coast and the portfolio presents a spectacular strategic opportunity that entails exploration potential along significant proven gold bearing structures within close proximity to infrastructure.

“This strengthens the company's broader strategy of securing large project footprints within highly prospective yet underexplored terrains with proven gold potential in supportive jurisdictions.”