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Wednesday, 26th September 2007 (3208 views)

Mwana Africa's chief executive has said that the company's two exploration programmes have made "substantial" progress since the beginning of 2007.

A reverse circulation drilling programme has been completed this week by the gold resource company at its Konongo property in Ghana, revealing potential for large-scale deposits.

Drilling at the Zani-Kodo project in the Democratic Republic of Congo (DRC), which is also considered to have high gold potential, is ongoing.

"I am very pleased with our double good fortune to be making rapid progress with our gold mining operations in the DRC and in Ghana," said Kalaa Mpinga, chief executive office of Mwana Africa.

Established in 2005 after a reverse takeover of Africa Gold, Mwana Africa was the first African-owned and managed resource company to be listed on the London Stock Exchange.

It currently has exploration properties in Zimbabwe, Ghana and the DNC, and intends to develop further opportunities across Africa.

 

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