Cote d’Ivoire has emerged as a prominent gold exploration destination due to its favorable geological conditions and improving investment climate. John Forwood notes significant interest from ASX-listed companies, high-grade exploration results, and successful drilling programs. Companies like Aurum Resources and Many Peaks Minerals exemplify the thriving gold sector, making Cote d’Ivoire a centerpiece for future exploration activities.
In the latest edition of Ten-Bagger, John Forwood, Chief Investment Officer of Lowell Resources Fund, examines Cote d’Ivoire’s rise as a top destination for gold exploration. As gold prices approach US$3,000 per ounce, investors are increasingly drawn to jurisdictions with minimal operational risks. Notably, West African producers, though historically facing an ‘African discount’, are seeing renewed interest, particularly in Cote d’Ivoire due to its favorable geologic attributes and improving regulatory environment.
Cote d’Ivoire has evolved from a challenging environment post-2011 civil war to a premier jurisdiction for gold exploration. Forwood states that many ASX-listed companies are investing significantly in the region, noting, “Cote d’Ivoire seems to be the absolute flavour of the month.” The country has witnessed high-grade exploration results, leading to a positive outlook for new projects in previously underexplored areas, particularly in the Birimian greenstone belt.
Recent geological developments continue to attract attention; Many Peaks Minerals recently recorded impressive drill results at the Ferké gold project. Forwood remarked on their successful intercepts, citing examples that demonstrate rich mineralization potential. He also highlights Turaco Gold’s promising resources, with management aiming for substantial upgrades based on high-grade hits and unexplored targets.
Among notable companies in Cote d’Ivoire, Aurum Resources stands out for its innovative cost-saving drilling techniques, enabling rapid resource identification. Forwood emphasizes the company’s strategy to keep drilling costs low, which accelerates exploration efforts. He also expresses interest in Many Peaks due to their solid grades and extensive mineral strike potential.
Lastly, the emergence of Famien Resources, led by Predictive Discovery’s Paul Roberts, shows promise in Cote d’Ivoire with significant ground acquisitions and early-stage exploration activities. The focus remains on Cote d’Ivoire and its evolving gold landscape, underpinning a bright future for junior exploration in the region.
Cote d’Ivoire is cementing its position as an attractive gold exploration jurisdiction due to increasing interest from investors and improving geological findings. The presence of high-grade results and supportive regulatory changes contributes positively to the growth outlook for exploration companies. As investment in the region continues, Cote d’Ivoire may signify a significant shift in the dynamics of West African gold exploration.
Original Source: stockhead.com.au
