What became of Geoafrica's gold properties in Niger?
Mbendi reported in 2003 that Geoafrica Gold had "closed its doors", and it was removed from the header of this page. The company web-page doesn't work.
It was described as follows: "GeoAfrica Gold Corporation is a Canadian, public, non-listed mineral exploration company, majority owned by Australians. Its main activity is the exploration for gold in Niger Republic in West Africa; but it also explores for tin/tantalum/niobium and coloured gemstones (sapphires, rubies and emeralds)."
Its main properties were Tedera and Tafassasset in northern Niger, described, respectively, as follows:
"Located in Northern Niger the Tadera Prospecting Authorisation covers an area of 49,310 km² over the northern part of the Aïr Massif, the southerly extension of the Tuareg Shield, which is widely developed in Algeria to the North. The Tadera Prospecting Authorisation represents a unique and highly exciting exploration area for the following reasons: -Total area of 49,310 km² with the otential to contain a number of large deposits of differing mineralisation types -Good bedrock exposures -A number of previously identified base metal occurrences -Significant gold occurrences in same rocks to the north in Algeria -High grade gold veins known to occur in one area and substantial potential for further occurrences. -No
systematic prospecting of the area since regional mapping programme in the mid 1960's."
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"The first phase of exploration in the Tafassasset Exploration Licence was completed successfully in May 1999. The company is well on track to identifying a resource of 50,000 ounces of gold required to support a proposed initial 12,000-ounce per annum gold mining project. Highlights of the exploration are as follows: High-grade gold grades reported from three adjacent veins with 40.4 g/t the highest recorded. Mineralised veins over 2000m in length; average width 0.5m to1.0m. Grades of 6.6, 40.4, 6.3, 32.8, and 15.8 g/t Au recorded at 200-300 m intervals along one vein. Three other veins identified as immediate targets for further detailed exploration. Fieldwork
indicates potential for the widespread development of other vein fields. Initial fieldwork indicates potential for disseminated mineralisation in clay alteration zones, which are up to 25m in width and extend several hundred metres along strike. Located in Northern Niger in the north eastern corner of the Aïr Massif, the southerly extension of the Tuareg Shield which is known to contain several significant gold deposits, the Tafassasset Exploration Licence covers an area of 2000 km²."
Geoafrica was somehow associated with European Pacific Services Pty Ltd. of Sydney, Australia. I don't know whether this still exists.
Office Address:
European Pacific Services Pty Ltd
Charles Plaza, Level 12
66 King Street
Sydney
Australia
Postal Address:
European Pacific Services Pty. Ltd
GPO Box 2667
Sydney
NSW 2001
Australia
Tel: +61 2 9299-0935
Fax: +61 2 9225-9395
or +61 2 9299-0937
Now, 40.4 grams of gold per ton is not bad. So what ever happened to these properties? Or the company?
FL
