ISAM Holding | Gold project
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Gold project

Guinea’s Main Indicators

 

Geographic situation: Western Africa
Language: French
Area: 246.000 km2
Population: 10.9 millon inhabitants (2012)
Income per capita: 1100 USD (2011)
GDP: 11,53 billion USD (2011)
GDP growth rate: 4 % (2011) – 6% (2012)
State budget: 1120 million USD (2011 +35%)
(Gross Fix): 22% of GDP (2011) Inflation: 16% (2011)

The mining property A-2013/696/MMG/SGG, object of this analysis and known as the «SALADOU CENTER», is 750 km on the North-East away from the capital of Guinea, Conakry. It has an area of 51 km2, and is comprehended in Hoja Kalama 1 area: 200.000 (NC-29-XVI).

 

According to the Useful Minerals Charter of the Republic of Guinea with a 1: 500,000 scale, based on the information provided by CPDM, DNRGH, EGED, OZGEO, ORG, DNG, OSRG, BRGM, GC, GP, BGR, designed and funded by GEOPROSPECTS Ltd (V. Mamedov, Moscow 2006), concession areas are found within the “A” classification and they are defined as DEPOSITS OF GREAT IMPORTANCE FOR USEFUL MINERALS RESOURCES (genetic type, composition, and morphology of mineralized bodies, importance).

GOLD PROJECT A2017/1771/MMG/SGG

ACCESSIBILITY

 

To arrive at the concession area, it is necessary to travel around 800 km from the capital of Guinea, Conakry by roads. It is not possible to circulate over the 100 km/h due to roads conditions and heavy vehicle traffic.

 

After crossing the Sankarami river, by canoe, and after about 5km, it is necessary to take a detour to the southeast towards the village of Saladou where the gold mines are located.

 

 

WEATHER

 

Guinea has tropical weather with two seasons: a dry season (November to March) and a rainy season (April-October).

 

At Fouta Djallon, in January, noon temperatures go from 30 to 35ºC, while the night temperatures can vary between 8 to 11ºC. The rainfall varies between 1,500 and 2,300 mm per year and the annual average temperature is 25ºC.

 

There doesn’t exist any given concrete evidence of the consequences of seasons on the performance of exploration operations carried out in the North Saladou concession area.

 

 

GEOLOGICAL FRAMEWORK

 

According to the Useful Minerals Charter of the Republic of Guinea, concession areas are found within the “A” classification and they are defined as DEPOSITS OF GREAT.

 

It has been recently discovered by the geologists of CPDM, that gold mineralization is associated with hydrothermal processes and it is similar to the saprolites that were found on Siguiri, North Lefa Gold, Kouroussa, etc.

 

Geomorphologically, the region is part of the “Glacis of Siguiri” bounded on the east by the Niandan chain, on the south by the “Glacis ironclad of Senko”, on the north by the “Plateau de Mandinga” and by the “Entaille the Bakoy this limit corresponds with Mali and Ivory Coast.

 

 

AREAS  RICH IN GOLD

 

Guinea is a country with extensive GOLD ores. There are great companies dedicated to primary industrial Gold Mining, in addition of the thousands of small artisans working on gold panning. The richest areas concerning gold are located in the northeastern part of the country.