Niger Gives Gold, Base Metal Licenses to Cassidy, Ami, Gecko
Cassidy Gold, based in Kamloops, British Columbia, will spend $4 million on exploration at the Boulkagou and Dogona sites in the west of the country, according to an e-mailed statement today. Ami Resources’ unit, Ami Africa Exploration Ltd., will invest another $4 million its two sites, the government said.
Gecko Gold Niger, Geodrill-Ghana’s unit in the West African nation, will also spend $4 million on gold and base metal exploration at the western sites of Kossa I and Kossa II, according to the statement. Under both accords, Niger will be permitted to take an up to 40 percent stake in any project with a 10 percent stake not being paid for, the government said.
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