Actively seeking a new JV partner
Cradle Arc – 100%
About the project
The 137 km2 Kossanto West Gold Project in western Mali, comprises two primary permit areas, Kobokoto Est and Koussikoto.
The Project is located over a substantial area of the regionally significant Main Transcurrent Shear Zone, which is considered to be one of the major controls on gold mineralisation in western Mali and eastern Senegal.
Kossanto West has been subject to soil geochemical sampling, pitting, trenching and scout drilling since Cradle Arc acquired the project in 2013 and the results have been extremely encouraging, demonstrating high-grade gold mineralisation.
The project was formally being advanced a part of a JV with Randgold Resources (Mali) Sarl who confirmed soil anomalies identified by Cradle Arc and identified NW-SE striking lithologies in the area in addition to several major geological domains that are interpreted as basal sediments and clastic rocks intruded by a range of different plutonic rocks in the east and a mélange of volcano-sedimentary rocks in the west.
In accordance with the terms of the JV Agreement, Randgold has provided a comprehensive database of the results from their field activities over the past two years. This data, along with the Cradle Arc’s historical data, will be available for review by potential future partners as Cradle Arc actively seeks a new JV partner for the continued exploration and advancement of the project.