By: Creamer media

The 75.45 km2 Didi exploration licence is located 12 km east of AngloGold Ashanti’s Siguiri gold mine.

Traka has appointed Guinean entrepreneur Sekou Cheick Traore as its in-country manager. He is currently a GM at Canada-listed Sanu Gold Corporation, which is exploring three gold exploration permits in Guinea.

Historical drill results and widespread artisanal activity have confirmed evidence of a significant gold system at Didi, with intercepts having included 1 m of gold grading 6.5 g/t from 79 m; 3 m of gold grading 2.7 g/t from 15 m; 1 m of gold grading 7.46 g/t from surface; and 1 m of gold grading 7.42 g/t from surface.

Notably, Alamako conducted trenching and geochemical sampling at Didi, having found 24 m of gold grading 3.66 g/t from surface down to 24 m in the Didi-1 North target area.

The Siguiri basin, in which the project is based, hosts numerous multimillion-ounce gold deposits, which have the potential to deliver large-scale and high-margin discoveries.

The basin remains largely underexplored using modern techniques, Traka confirms, adding that Guinea offers a supportive mining framework with established permitting pathways and a growing infrastructure base.

Traka will have the right to earn a 75% interest in the project by solely funding and undertaking exploration programme and activities worth $1-million over the next 36 months. The work will include geophysics, mapping, drilling and internal resource modelling across three targets of the project towards a mineral resource estimate and preeasibility study.

Following this, the companies will establish joint venture that will be 25% owned by Alamako.