According to their site they still have the holding in the Ashanti Gold Belt :) Can't say about Kenya and Uganda, but Ghana isn't a bad place to have some drilling going on. Good luck to all shareholders.
"Konongo Gold Project
Signature Metals Limited has acquired 70% of the multi million ounce Konongo Gold Project located in the world class Ashanti Gold Belt of Ghana. Past production from the Project totalled 1.6 million ounces at a head grade of 11.8g/t gold. The Company is focussed on developing the Konongo Gold Project into a +100,000 ounce per annum gold producer from the existing JORC Resources of over 1.2 million ounces.
The Konongo Gold Project comprises 192km2 of granted tenure and contains 16 known gold deposits along 12 kilometres of strike of the Ashanti Gold Belt. The project currently has JORC compliant resources of 23.4 million tonnes at a grade of 1.95g/t in the Indicated and Inferred categories for a total of 1.47 million ounces of gold. Additionally, significant infrastructure remains on site including a 350ktpa CIL plant. The Company is well advanced in the refurbishment of this plant with first gold production expected in Q1 2011."
SBL Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held
