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Joint Venture Agreement - Ivory Coast Gold Project
Joint Venture Agreement - Ivory Coast Gold Project.
About this update from Atlantic Lithium Limited.
[{"type":"text","content":"\n \nRNS Number : 3896W IronRidge Resources Limited 14 November 2017 \n\n14 November 2017\n \nJV Agreement with Gail Exploration in Côte d'Ivoire and Successful Completion of Due Diligence \n \nIronRidge Resources Limited (AIM: IRR, 'IronRidge' or the 'Company') is pleased to announce that it has signed a Joint Venture Agreement ('JVA') with Gail Exploration SA ('Gail'), a local Ivorian exploration company.\n \nThe Agreement grants IronRidge exclusive rights over a granted license prospective for gold (the 'Project') in Côte d'Ivoire, West Africa. The signing of the Heads of terms in respect of the JVA was announced on 24 November 2016. \n \nHIGHLIGHTS:\n \nØ Gail executes an earn-in agreement following successful completion of due diligence by IronRidge\nØ Company secures access rights to a granted license covering 385km2\nØ High-grade rock chip sampling results of up to 46.4g/t gold; hard-rock artisanal workings defined over 1.2km strike length within the newly acquired license, occurring within a broader 12km strike target corridor of anomalous gold rock chips and artisanal workings \nØ Contiguous to 3 existing applications previously secured by the Company and providing access to over 70km strike of highly prospective geology\nØ Good access via sealed bitumen road and well-established infrastructure, electricity and communications \nØ Côte d'Ivoire represents an underexplored and highly prospective gold-rich terrain within the prolific West African Birimian Greenstone sequence, with a diversified economy and pro-mining investment framework\n \nReference to figures and tables relate to the version of this release on the Company's website (www.ironridgeresources.com.au) or visible in PDF format by clicking the link below:\n \nhttp://www.rns-pdf.londonstockexchange.com/rns/3896W_-2017-11-14.pdf \n \nCommenting on the Company's latest progress, Vincent Mascolo, Chief Executive Officer of IronRidge, said: \n \n\"Securing the Gail license has been one of the key strategic priorities for the Company. It represents a valuable addition in consolidating our position along the prospective Wa-Lawra (2.2Moz Au) - Konkera (3.3Moz Au) shear corridor.\n \nWe are pleased to have secured and finalised this agreement, as we see enormous potential in this area and consider...