- Barrick Gold Corporation’s offer for Acacia Mining PLC under review by Independent Mining Consultants
- Arguing Acacia is worth 38% more than Barrick’s offer
- The takeover offer and its effect on the Kakamega joint venture project between Acacia and Advance Gold are not yet understood
- The Kakamega joint venture project is owned 85.37% by Acacia and 14.63% by Advance Gold
- New licenses for the joint venture project were issued and exploration program is underway post rainy season
Kakamega – The Rosterman Mine
Acacia Exploration Kenya Ltd. (“Acaciaâ€) has 85.47% equity in the Kakamega Project, which comprises the Rosterman, Burkura, and Sigalagala Projects in Kenya, East Africa.
Rosterman SL267: The most northerly of the three licences hosts the historic Rosterman mine, which is reported to have produced in excess of 250,000oz Au at average grade in excess of 13g/t. Click Click here for map
Bukura SL265 and Sigalagala SL266: The southern licences host numerous significant historical colonial mines and areas of active artisanal mining. Click here for map
About Advance Gold Corp. (TSXV: AAX)
Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in and the Venaditas project in Zacatecas state. Advance Gold also holds a 14.63% interest in the Kakamega project held by Acacia Mining (63% owned by Barrick Gold Corporation)
FULL DISCLOSURE: Advance Gold is an advertising client of AGORA Internet Relations Corp.
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