The Black Volta Gold Project is projected to produce around 150,000 ounces of gold annually
The Black Volta Gold Project, one of Ghana’s most promising undeveloped gold belts, has the potential to yield 2.8 million ounces of gold, according to mineral exploration geologist Elvis Gota.
The project, recently acquired by Engineers & Planners Ltd., sits on a vast unexplored terrain covering 934 square kilometres, making it the largest gold belt in West Africa — about twice the size of Dubai.
Speaking in a video shared online, Gota highlighted that the project has been evaluated using internationally recognised geological reporting standards, ensuring the defined reserves are reliable.
“The Black Volta Gold Project is reported through a geological system that aligns with international standards. These standards ensure that any serious mining exploration company can certify that the reserves are genuine,” Gota said.
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Gota explained that the current estimate of 2.8 million ounces covers only a portion of the total resource area.
He noted that previous work by Azumah Resources Limited defined resources to a depth of 300 metres, leaving significant potential for further expansion.
“The forward-looking plan is to drill deeper beyond the 300 metres and explore areas that have yet to be assessed. There is very high potential to substantially increase the defined resources,” he added.
The Black Volta Gold Project is projected to have an 11-year mine life, producing approximately 150,000 ounces of gold annually over that period.
Gota noted that as exploration expands into the remaining areas, the resource base is expected to grow even further.
Located within Ghana’s northwestern belt, the Black Volta Gold Project has remained largely underexplored compared to the well-established southern gold belts, making it a strategic opportunity for both local and international investors seeking growth in the country’s mining sector.
Meanwhile, Azumah Resources recently announced the commencement of full-scale construction after securing project financing, with site preparation and infrastructure works already underway.
The company also reiterated that it remains the lawful owner and operator of the Black Volta Gold Project, which is being developed in partnership with Engineers & Planners Ghana.
The mine is projected to contribute significantly to national gold output, bolstering Ghana’s position as Africa’s second-largest gold producer while supporting broader regional economic growth.
MA
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Source:
www.ghanaweb.com