Banro Corp. fka BAA

[Flycanuck]

http://www.miningreview.com/wp-content/uploads/2016/02/MRA-2-2016.pdf

Good read regarding current operational and future exploration prospects of this company.

magazine quotes:

page 10
Developing a world-class gold company one mine at a time
TSX-listed Canadian gold producer Banro Corporation is setting its sights on further developing the 210 km, north-east to south-west trending Twangiza-Namoya gold belt in eastern DRC.

In short: With a measured and indicated resource of 7.73 Moz of gold and an inferred resource of 5.26 Moz, Banro Corporation’s four wholly-owned properties in the DRC host a major gold resource.

With two mines steadily producing in the DRC now, Banro Corporation is not standing still but moving forward with two exploration projects which will ultimately add to its operational portfolio in years to come. In fact, CEO John Clarke aims to make a decision regarding the development of its Lugushwa project (with or without a joint venture partner) by the end of the year.

OPERATION LOCATIONS
Banro’s fi rst producing mine, the wholly-owned Twangiza mine, which achieved commercial production in September 2012, is located 45 km from Bukavu in the DRC and at the northern tip of the 210 km long north-east to south-west trending Twangiza-Namoya gold belt. Its second gold mine, Namoya, is located at the southern end of the Twangiza – Namoya gold belt. This mine entered commercial production in January 2016.
Banro’s Lugushwa and Kamituga projects, currently being explored, also lie within this belt.
In addition to these four active properties, all of which have mining licences and cover a total of 2 613 km, Banro holds 14 exploration permits covering 2 638 km and located on highly prospective ground between its Twangiza and Lugushwa projects.
Applications for additional exploration permits contiguous to and located between the company’s Lugushwa and Namoya properties, along with areas south of Twangiza, are pending.