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Location: 167 km NE from Monrovia, Liberia
18th Street Payne Avenue Intersection 1000MonroviaLiberia
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MNG Gold, the privately held Turkish gold exploration and development company, is pleased to announce the completion of the transaction with Amlib Holdings Plc (“Amlib”) to acquire its 90% stake (10% Liberian Government) in the Kokoya Project (“Kokoya”).
Kokoya lies within the Liberian Age Province and is dominated by northeast-southwest trending, strongly deformed amphibolite and gneissic units with a volcanic origin. Several episodes of deformation are recorded in the metamorphic rocks, including several generations of cross-cutting folding and faulting, metamorphism and locally inferred unconformities. Certain areas have undergone varying degrees of partial melting resulting in pegmatites and migmatites being observed. A swarm of northwest trending dolerite dykes of Jurassic age intrude the gneisses and amphibolites. A major east-northeast trending zone of intense shearing, the St John Shear Zone, runs through the Project area. A number of east-west narrow ductile shear zones (DSZ) have been identified, which have been preserved as carbonaceous or graphitic shears in some artisanal workings. A series of parallel to sub-parallel northeast–southwest trending Reidel structures have also been field mapped in the Resource Area.
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