B2Gold is selling its 81% stake in the Kiaka gold project in Burkina Faso to Australias West African Resources for cash and shares. Kiaka is within 40 km of ...
The Essakane project is located in north eastern Burkina Faso, West Africa. It straddles the boundary of the Oudalan and Seno provinces in the Sahel region of Burkina Faso and is approximately 330 km northeast of the capital, Ouagadougou. It is situated 42 km east of the nearest large town and the provincial capital of Oudalan, Gorom Gorom.
Pinsapo Gold SA was established in Burkina Faso as a fully owned subsidiary of the Pinsapo in February 2010. Production at Sassa 1 started in the 1st quarter of 2012. The operation is focused on heap leaching of the gold bearing tailings that had accumulated at the site over three decades of artisanal mining.
Volta Resources holds an 81% interest in the Kiaka gold project in Burkina Faso. It is claimed to be one of the largest undeveloped gold resources in West Africa. According to the binding agreement, WAF will acquire Volta Resources by paying $450,000 in cash to B2Gold upon execution of the agreement.