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Location: 96 km NW from Monrovia, Liberia
18th Street Payne Avenue Intersection 1000MonroviaLiberia
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According to 'An Act to Ratify the First Amendment to the Restated and Amended Mineral Development Agreement by and Between the Government of Liberia and Bea Mountain Mining Corporation', approved on September 14, 2023, the Government of Liberia shall receive, free of charge, an equity interest in the company's operations equal to five percent (5%) of its authorized, issued, and outstanding share capital at any given time, without dilution.
The Matambo Project is named as two separate deposits which names are Center and West, within a 15 km-long. The Matambo East deposit sits within a metamorphic suite of granite, described locally as meta-granite. The meta-granite has undergone multiple phases of metamorphism and has a range of alteration assemblages, namely silification with varying degrees of carbonate, chlorite, epidote, and plus/minus sulphide. The northern and southern extent of the granite is truncated by an Archean Greenstone belt that includes mafic volcanics, amphibolite, ultramafic, a range of schist plus/minus garnet-hornblende-biotite schists and minor intrusive dolerites. The Matambo West deposit is largely the same geological setting as the Matambo East deposit with a package of meta-granite bounded by an Archean Greenstone belt that includes mafic volcanics, amphibolite, ultramafic, a range of schists plus/minus garnet-hornblende-biotite schists. There is a significant dolerite dyke intrusion within Matambo West that has displaced the meta-granite mineralization lodes. The dyke is void of gold mineralization and is more than likely a late-stage event.
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