Sonny Janda Desert Gold’s CEO on Gold Potential in Mali & Rwanda
Sonny Janda, CEO for Desert Gold Ventures, shares the company’s explorations plans for the future with their African projects.
Desert Gold is based in Vancouver but with primary focus in two countries in Africa: Mali and Rwanda. Mali is in the western region and Rwanda is in the eastern, near Congo and Uganda.
The CEO believes that they have the ability to start producing relatively soon in Rwanda, with a small capital budget and a small capital expenditure.
The property in Mali is near all the world class mines in the area. The plan there is to explore the asset with a small budget. Then, entice a strategic partner to join them to realize a revenue stream in the near term.
It’s a 43-101 compliant resource, 70,000 ounces gold with a short proximity to a local producing mine. The infrastructure there is good enough for a potential off-take agreement.
In Rwanda, there is again a 43-101 resource showing 256,000 ounces of gold. With the commercial mining permit in hands, they are planning an operation to extract the ore now to get into short-term cash.
The capital expenditure required to achieve the goals in both countries is about $5 to $10 million. And with the ability and compliant resources on both assets, they find it won’t be difficult to achieve it.
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