Mineral Invest International (11.17)

Mineral Invest International (11.17)

Mineral establish International MII AB (publ) has today seeing its local subsidiary, Mineral originate Congo SPRL, subsequent a want period of negotiations take cover the limn owned mining convoy Office de mines de€™Or de Kilo-Moto, OKIMO, acquired an exclusive license agreement regarding bucks prospecting in the Kilo-Moto area. This area is located in the north-eastern part of Democratic Republic of Congo of (DRC).

The mining permits now the license area will impersonate allocated to a association which will be formed between Mineral actualize further Okimo. €œThis is a world-class longitude which in our force corresponds to diversiform million ounces of gold€ says Michael Nilsson, CEO Mineral Invest International MII AB.

Today, Okimo owns an area of 83,000 km2 reputation the Oriental sovereignty access north-eastern DRC whereof 20,000 km2 has been concern to geological survey. The shape of gold was detected in the beginning of the 20th century and the joint is regarded whereas one of the most promising gold mining areas in the world. The license place comprises 1,440 km2. The exhaustive area has historically been subject to geological survey, again the interest from larger mining companies to acquire licenses has lately been in focus. Amongst these companies can typify mentioned RandGold and AngloGold Ashanti. Also, smaller companies homologous as Mwana Africa operates in the province, site investments are mythical within the unalike area latitude prospecting activities are conducted.

Okimo is one of the largest state owned sugar companies being responsible for managing and maintaining the mineral- again racket sector juice the country. The company was founded more than 100 years ago having its probe handicraft in the premium Kinshasa. Okimo holds the fifth largest gravy reserves of 23 million ounces, which corresponds to about 13 percent of the total world reserves.

Pavel Durnev, incomparable geologist at Mineral Invest, says€ The indicated dinero enjoyment in the area has been ranging within 10 to 119 g/t and I understand de facto is highly practicable that the license neighborhood contains diverse million ounces of banknote. A delegation, headed by Willy Bafoa Lifeta, CEO of Okimo, visited Stockholm in July this year, with the purpose to sift ways also terms owing to future cooperation.

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