Projects
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Segilola Gold Project
CGA Mining Limited (“CGA”) has entered into a Heads of Agreement with Tropical Mines Limited (“TML”), a private company based in Nigeria, to acquire a 51% interest in the Segilola Gold Project in Nigeria, considered to be the most advanced gold exploration project in the country.
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Mkushi Copper Project
CGA Mining Limited (“CGA”) has entered into a Heads of Agreement with African Eagle Resources plc (“AFE”) to joint venture the Mkushi Project in Zambia. CGA will acquire a 51% interest in the project, with AFE retaining a 49% interest in the project.
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Masbate Gold Project
CGA Mining has acquired Thistle Mining Incorporated's (THT : AIM) ("Thistle") interest in the Masbate Gold Project in the Philippines on 19 March 2007. The project has considerable scale with Indicated resources of 3.3 million oz plus Inferred Resources of 1.8 million ounces. The Bankable Feasibility study carried out by Ausenco details a Probable Reserve of 1.984 million ounces included within the aforementioned resources.
