Liberia

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Diamond

The UN Security Council in December 2006 renewed for six months an embargo, initially imposed in 2001, on the trading of rough diamonds from Liberia, but the ban was lifted on 27 April 2007.

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West African Diamonds/Liberia (Kevin Hulsey-Jewelry)
  • Artisanal mining of the alluvial terrace gravels located along the Lofa River, Mano River and Morro River, in the Lofa province of northeastern Liberia, and in the Gbapa area on the Guinea boarder.
  • Diamond Fields International Ltd through its subsidiary company Diamond Fields (Liberia) Inc. ("DFL") has been actively exploring both the Grand Cape and Grand Geddeh exploration permits, which are held under a joint venture agreement with Ducor, a Liberian registered company. Regional exploration of the two properties has defined 10
    diamond anomalies associated with G10 garnets in the Grand Cape property, and seven gold anomalies, six of these anomalies being located with the Grand Geddeh property.
    The Company has now changed its exploration strategy from regional assessment to specific evaluation of these exploration targets. The current focus of activity has been on a gold anomaly within the Henry Town region of the Grand Cape property, where native gold is exploited by local artisans, which previously returned gold values of up to 13g/t gold in DFL's grab samples. The gold is contained in quartz veins associated with a Birrimian (Proterozoic) age transgressive left lateral shear zone, which boudinages and
    juxtaposes basement gneisses and supracrustal lithologies.

Gold in Liberia

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Geology

Highly deformed greenstone belts in gneissic terrain in the Archean age Man Shield. Gold deposits are associated with high strain zones adjacent to or within shear zones. Mineralization occurs in pyrrhotite and arsenopyrite bearing mafic to ultramafic schists that have undergone greenschist to amphibolite grade metamorphism.
  • Mano River Resources Inc (Canadian, MNO.V, also active in Sierra Leone and Guinea) has extensive holdings in western Liberia. The most advanced prospects, King George and Larjor (KGL), have a combined indicated 1,078,127 t at a grade of 5,23 g/t Au. In March, 2007, the company released the results of a feasibility study on what was then called the New Liberty Project ( 3 open pits) with Proven and Probable Reserves of 4,6 million tonnes grading 3,9 g/t Au containing 573 000 ounces of gold (JORC and National Instrument 43-101 compliant).
  • Diamond Fields International Ltd is exploring the Henry Town and Guyama shear zones, in Liberia and the Henry Town zone has shown the existence of near continuous anomalous gold mineralisation.

Oil and Natural Gas

In 2005, Liberia held its first licensing round since the cessation of its civil war in 2003. Liberia awarded exploration concessions to UK-based Regal Petroleum plc, Repsol, Woodside Petroleum Ltd, Broadway Consolidated and Oranto Petroleum. In addition, Canadian-based Ona Exploration Inc signed a Memorandum of Understanding (MoU) with the Liberian government for oil and natural gas drilling rights in two offshore concessions.