Seventy Ninth Resources has commenced its drilling operation at Lusso South, located in the Siguiri Basin in the Republic of Guinea
Specialist drilling contractor, Ore Search, will lead the extraction and materials transportation to and from the lab for testing.
The drilling programme, managed by SRK Exploration Services, will last over 12 weeks and will act as verification process for presence of mineral content in the area. The surrounding concessions at Lusso South, currently being excavated close to the likes of Anglo Gold Ashanti and Hummingbird Resources PLC, have been found to be some of the largest deposited areas in the world.
The project is being funded by Seventy Ninth Resources, the natural resources arm of the Seventy Ninth Group, the UK-based asset management firm specialising in the acquisition and redevelopment of undervalued assets across real estate and natural resources. The operation strategy will be overseen by international mining consultancy firm, SRK Exploration, as well as data management and exploration for the project.
Another key focus of the Seventy Ninth Resources was to not only maintain but expand and improve on local community engagement, which has been built over the years. As part of this next phase, a number of initiatives have been put in place to ensure this relationship is further strengthened, including:
Eric Ntube is in-country Manager for Seventy Ninth Resources. He will be supported by the Resources office in Conakry and a team of over 40 local employees who bring skills in mining, minerals and operations. “After several months of preparation for our much-anticipated 2023 drilling campaign, the ultimate challenge of beginning actual field work is now behind us. It is rewarding to bring together expertise and knowledge from our extended and local teams with whom we are confident will lead to an efficient operation and successful drilling programme,”Ntube said.
David Webster, chairman at the Seventy Ninth Group, said, “It has been an incredible journey for us as a business to get to this point. We set up the Resources side of the business in 2020 after eight years on the ground in the Republic of Guinea gaining hands-on experience in gold mining operations and building relationships with tribal elders in the communities surrounding the mines."