RandGold enters JV with Moku Goldmines AG, page-5

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thunder54

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21/04/16

19:13

Post #: 17571575
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Originally posted by eshmun ↑

You people aren't very excitable.

That's the most promising news I've heard relating to BYR for a long time. Randgold are interested in increasing their presence in the country and greenfield exploration is not off the table. HELLO. This from Tuesday. BYR just need to find enough gold and all will be OK IMO. Eshmun

Kabila shines in record year for Randgold

http://www.marketwired.com/press-re...ord-year-for-randgold-nasdaq-gold-2116345.htm

Bristow said that despite the stressed gold market, the operational challenges at Kibali and socio-political issues in the DRC, Randgold remained committed to increasing its presence in the country, and had recently entered into a new joint-venture agreement - its third in the region - with government-owned Société Minière de Kilo-Moto SA (SOKIMO) and Moku Goldmines AG (Moku) for the Moku-Beverendi gold exploration project, along the same greenstone belt that hosts Kibali. In terms of the agreement with the owner of the project, Société Minière de Moku-Beverendi SA, Randgold can earn in a minimum 51% stake in the project by funding and conducting exploration and completing a prefeasibility study. This addition to its portfolio extends Randgold's exploration footprint in the DRC to 7 824km², spanning the major gold belt in the north-east of the country.

"Our commitment to expanding our presence and stepping up our greenfields exploration here demonstrates our long term intent of finding world-class gold deposits and developing them into profitable mines, thus contributing to the DRC's continuing evolution as a democratic society with a robust economy," Bristow said.

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It's very exciting I have seen a few interviews with randgold ceo he is very bullish on making acquisitions now while gold is/was low, it part of the reason I have been here.

The only thing left to do is fire up the drills and get cracking, once we start getting towards a resource estimate at some point randgold will come knocking.

Lets spin the drill and find our own $800 mill dream.

ANL Price at posting: 3.0¢ Sentiment: Buy Disclosure: Held
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RandGold enters JV with Moku Goldmines AG, page-5

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