“But there is still a lot of upside to Koka – with the deposit still open at depth and to the south, and we have a number of high priority targets to test within the 196km2 concession. “Coupling today’s estimate with our earlier metallurgical results that indicate +95% recovery, as well as the fact that this deposit starts from surface, we are confident that Koka has robust development potential and as such we have commenced planning for the feasibility study. “Given this excellent resource estimate and the fact that the Eritrean Government recently awarded its first mining licence, confirming its commitment to mining and the mining industry, we are very confident that the Koka Gold Project has the potential for commercial development.”
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