Mining of gold

The Republic of Guinea is located in Western Africa and shares borders with Senegal and Guinea-Bissau on the north, Mali on the north-east, Cote D'Ivoire on the east, and Sierra Leone and Liberia on the south.

VEP GROUP S.a.r.l. owns a license for mining gold on the territory of 98 square kilometers situated in the lands of the Republic of Guinea, Western Africa.

Estimated capacity of the deposit is 4 400 Tons. The estimated stock is 80 tonnes.

Additional information about all currently active licenses can be obtained on the government web site http://guinee.cadastreminier.org/fr/ 

Technical experts from SWEDISH INTERNATIONAL HOLDING AB cooperate with the geologists from SRK Consulting on geological exploration, and also support projects at all stages of field works

The work is carried out by geologists, geophysicists and other specialists of the highest qualification.

People working on the project can fully focus on the technical aspects of the mineral deposits search.

Upon the conclusion of currently ongoing research and analysis by SGM S.a.r.l. in terms of geological exploration , convey analysis and estimation of the economical expediency NI 43 – 101 , actively start mining and exporting gold.

Licenses for geological exploration of the deposits were acquired for territories with high density of gold digging activities. Drilling rigs were employed to survey and develop the mining sites. As such, the company, without losing time, acquires a large resource deposit and prepares a smooth transition from individual gold digging activities to industrial mining.

The Republic of Guinea owns over 42% of world’s gold deposits. In terms of gold deposits, Guinea is firmly amongst 10 leading countries (700 000 tons). It evokes high hopes for the mining industry. This sector provides toughly 65% — 75% of country’s export and occupies an important role in the development of the country.

In terms of gold mining volume and investment in the industry growth, the Western Africa region is surely amongst leaders. Success accompanies corporations that wisely chose promising areas, conducted all the necessary geological exploration and stick to a professionally designed business plan. The simplicity of the administrative side of the work and guarantees from the governments of the countries in Western Africa (which are integrated in the global economy) create an advantageous soil for investments.