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Monday, 15th December 2008 (1264 views)

Bravo Resource Partners has announced that it has signed a new memorandum of understanding (MoU) for a gold property in Ghana.

The company claims that "initial due diligence indicates a vast gold reserve on the property" and it will provide updates to shareholders about the closure of the agreement and future mining plans.

Bravo Resource Partners has also appointed Jeffrey Cox as its new president and chief executive.

Jeffrey Cox, Bravo Resource Partners president and chief executive, said: "We look forward to keeping shareholders updated as to the closure of this agreement and the resulting forward action on mining activities."

Based in Aurora, Colorado, Bravo Resource Partners is a publicly traded company aims to be one of the top six gold miners in the country over the next five years through acquisition of land and joint ventures.

Gold output in Ghana rose by two per cent to 1.9 million ounces during the first three-quarters of 2008, figures from the Ghana Chamber of Mines have indicated, according to Reuters.

 

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