An extract from NasdaqMadagascar is an up and coming mining...

An extract from Nasdaq

Madagascar is an up and coming mining country, considered one of the best gold exploration targets in Africa. Madagascar is the third-largest island in the world, located approximately 400 km from the African mainland across the Mozambique Channel.

Madagascar's primary gold deposits are thought to be of mesothermal "lode" quartz-hosted type. This type of lode gold deposit is extremely valuable, accounting for nearly 20 percent of world gold deposits. The same type of deposits can also be found in Australia , Canada, Brazil and Ghana . Madagascar gold is found specifically in greenstone belts, quartz reefs and quartz veins, and as diffused mineral. Gold has also been recovered from ancient and recent alluvial accumulations and lateritic earth. The mineralization of vein deposits is mainly gold-quartz and gold-sulphide associations.