Pasofino Gold's Dugbe Gold Project, located in southern Liberia, is emerging as a beacon of untapped potential in West Africa's gold exploration frontier. Situated within the Birimian geological province, known for hosting large and economic gold deposits, the project's 2559 km2 landholding remains largely unexplored. This positions Pasofino Gold at the forefront of what could be a transformative era for gold mining in Liberia.
The company, through its subsidiary ARX Resources Limited, holds a 100% interest in the Dugbe Gold Project, subject to the Government of Liberia's 10% carried interest. With mining rights secured for 25 years under a mineral development agreement, the project is well-placed to contribute significantly to Liberia's economy and the global gold market.
Despite less than 10% of the project area being explored, initial findings are promising. The Dugbe F and Tuzon areas boast a combined Measured and Indicated Resource of approximately 3.3 million ounces of gold. Surface gold mineralization and historical artisanal production in the Bukon Jedeh area further underscore the project's potential. Pasofino's ongoing exploration efforts, including a new drill program targeting the Tuzon mineralization, aim to expand the known resources and uncover new deposits.
The project's mineral reserves support an average annual gold production of 173,000 ounces over a 14-year Life of Mine, with the first five years expected to yield 200,000 ounces annually. A planned 5 million tonnes per annum processing plant will facilitate operations, highlighting the project's scalability and efficiency.
With gold prices anticipated to reach record highs, Pasofino Gold's strategic positioning in Liberia could not be more timely. The Dugbe Gold Project not only offers substantial economic benefits but also represents a pivotal moment for gold exploration in West Africa. For more information on Pasofino Gold and the Dugbe Gold Project, visit https://www.pasofinogold.com.
