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Monday, 25th April 2005 (4542 views)

Fundy Minerals has announced it has purchased reconnaissance and exploration permits in Liberia, West Africa.<br/><br/>The Canadian exploration company has acquired licenses for an area of around 2,000 square kilometres in the Sehnkweh Cestos Permit area, of the Sehnkweh River area.<br/><br/>Included in the area is the Cestos shear, which has shown gold mineralisation and the adjacent area is currently being explored by another Canadian firm.<br/><br/>Chairman and chief executive, Jeff Michel, said: "The Cestos shear trend in Liberia is the southernmost extension of a major regional shear zone, which hosts the Syama and <br/>Morila gold mines in neighbouring Mali to the northeast."<br/><br/>Fundy feels the area is relatively untouched and it is confident of finding positive results through exploration.<br/><br/>Liberia has only a few companies exploring it and is one of the least explored areas in Africa, with recent government changes and country stabilisation initiatives helping to create a better opportunity for exploration there.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8355949"/>

 

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