Projects

Djelimangara

DJELIMANGARA PROJECT
COMMODITY
  • Gold
  • OWNERSHIP
  • 100%
  • LOCATION
  • West Mali, Africa
  • 30 km south of producing Sadiola Gold Mine
  • PERMIT AREA
  • 160 sq. km - Djelimangara Ouest, Djelimangara, Sebessounkoto, and Sebessounkoto Sud permits
  • STAGE
  • Early stage exploration
  • MINERALIZATION
  • Along the prospective Senegal-Malian Shear Zone
  • Area has known regional soil gold anomalies
  • Highlights

    • Acquired 7 permits from Endeavor Mining including Keniebandi, Kanda, Djelimangara Ouest, Djelimangara, Sebessounkoto, Sebessounkoto Sud, and Kata
    • Signed earn-in agreement with Randgold in March 2014. Under the terms of agreement the Joint Venture will have a Management Committee composed of three members from Randgold and two members from Legend. The cost of all prospecting activities including the preparation of a pre-feasibility study will be borne by Randgold. Once the pre-feasibility study is approved by the Management Committee and definitive feasibility study commenced, Randgold and Legend will begin to share expenses on a 51:49 basis, respectively. If Legend elects not to participate in the financing of the definitive feasibility study, its interest will be diluted from 49% to 35% upon completion of the bankable feasibility study. Randgold is the operator of the Joint Venture and is responsible for all work and reporting requirements of the Joint Venture
    • Between 2014 and 2016 Randgold has completed data review, mapping, pitting, trenching to evaluate a 5 km wide, 17 km long North South corridor on the eastern side of the Senegalo-Malian Shear (SMS), which marks the terrain boundary between the Kofi and Keniebandi formations and is an important regional control on gold deposit formation
    • April 2016 Randgold terminated the Joint Venture