Kirida Resources Inc. has entered into a JV Agreement to recover gold and diamonds in Cameroon, West Africa. The Management team reviewed several projects in its portfolio and nominated the Cameroon Project as it will enable Kirida Resources to become a gold producer within 6 months of plant design implementation. Production and revenue estimates for first year of operations start at US$ 4 Million.
Our geological consultants in Africa continue to work with local governments to secure concessions. They have outlined additional key concessions for acquisition and/or joint venture and have prepared work programmes to further explore and develop the concessions. Additionally, our interests in West Africa include properties that are strategically located near areas that have attracted substantial investment from Gold Fields, AngloGold Ashanti, Newmont and Kocam.