Gold and Diamond
We have a consistent long term strategy of creating real value through the exploration of multi-million ounce gold deposits and their development into profitable, world class mines.
The permits and approvals required to conduct the work at Firegold Mining property are specified in the DRC Mining Code. Such permits and approvals have been obtained. Firegold Mining has acquired through four exploitation permits (PE), the exclusive mining rights provided by DRC government. These exploitation permits give Firegold Mining exclusive rights to carry out exploration, development, construction and exploitation works for a period of 30 years, renewable.
649 square kilometers define firegold property in the Maniema region with a proven Mineral reserve of Gold, Diamond and Coltan (columbite–tantalite)
Our Concessions are located in a region that also hosts Twangiza project from Banro Corp., Vector Resources LTD., Kibali project of Rangold Resources, Ashanti Gold and others.
The Mineral Resource base is considered to be well known. An estimated $28 billion worth of gold lies under the soil in eastern Democratic Republic of Congo.
Copper and Cobalt
The Katanga region in the DRC is rich in Cooper and Cobalt. 60 % of global Cobalt production comes from Katanga DRC
The Katanga Copper-Cobalt covers an approximate area of 50-70 km width and 400 km in length of the Lufilian Arc or Belt, a proven very rich stratiform Copper-Cobalt deposit. Our concessions are in the heart of the Katanga Copper-Copper Belt.
Our concessions have many Cobalt Occurrences located near major fault and Cobalt mineralization related to fracture filling type mineralization. As we begin to rely on alternative ways to provide a cleaner world, copper and Cobalt will hold an important role in the advancement of technology and our society.
Recent news about Tesla’s (NASDAQ:TSLA) and worldwide demand for lithium ion batteries has driven the price of Copper and Cobalt as well as that of companies producing and exploring the resource to new highs.