We have just been informed that Liberia's largest gold project Dugbe that Pasofino Gold (TSXV: VEIN) is earning a 49% stake in over the next two years... has just seen a large increase in its gold resource. Between Dugbe's two major gold deposits, Tuzon and Dugbe F, their total indicated gold resource has just increased by 13% to 2.3 million oz. Dugbe F now has its first ever indicated gold resource with 5.8 million tonnes grading 1.46 g/t gold. Previously, Dugbe F's gold resource was all inferred! In addition, their inferred gold resource has just seen a major increase in their gold grades to 1.47 g/t gold up from 1.29 g/t gold.
VEIN has identified where they believe additional ounces of gold will be found. They hope to increase Dugbe's resource to support production of 250,000 oz of gold per year. VEIN is getting ready to launch their gold exploration program, which will be conducted concurrently with a feasibility study which is planned for completion in the second half of 2021.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from VEIN of USD$30,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.