Gold in Madagascar

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Geology

Madagascar’s gold deposits are possibly mostly Precambrian in age and mainly mesothermal lode type deposits, but there is also evidence of younger epithermal mineralization. See also Gold in Madagascar report.

• Numerous artisanal workings with an estimated production of 3 to 4 t of gold annually.The Dabolava region has been one of the most productive.

• Pan African Mining Corporation (Canadian, also active in Zambia, Mozambique, Congo and North Africa) holds prospecting permits in 16 areas throughout Madagascar, half of which cover gold prospects. The company comprehensively compiled historical data and is engaged in early stage exploration.

• Majescor Resources (Canadian) gold and base metal properties in Madagascar include, in addition to the Besakoa polymetallic VMS Cu-Au-Zn-Ag prospect in Tulear Province, southern Madagascar.: the Daraina property in North Madagascar, where initial surface sampling in August 2006 returned grades of up to 87 g/t gold and 75 g/t silver; the Analalava property, which is host to a series of untested historical Ni-Cu showings, and is completely surrounded by BHP-Billiton claims; and the Ankaramy property which shows potential for both SEDEX-type (Pb-Zn) and epithermal gold-silver.