Types of Projects
Leveraging TAB-Forest's 100+ quality gold mining concessions, below are the types of joint ventures investors can participate in over the coming years.
Small Scale Mining - Individual alluvial mines of twenty-five (25) acres or less.
Above Ground Tailings Project - Processing of above-ground tailings from previous mining activities that contain 80% of the original gold content.
Large Scale Mines - Large scale alluvial and hard rock mines.
Small scale mines with GNASSM Miners - Providing capital and equipment for joint ventures with the 600+ members of the Ghana National Association of Small Scale Miners.
Explore our current Private Placement offerings, below:1. JV500 Small Scale Mines PPM
2. Above Ground Tailings PPM
3. Large Scale Mines PPM
TAB-Forest's Ahafo Project (the "Project") is its largest cluster of holdings consisting of 40 concessions encompassing approximately 1,000 acres. Located in the Ahafo District of western Ghana, the concessions are approximately 75 kilometers west of the regional capital of Kumasi, approximately 50 kms south of the village of Sunyani and approximately 2.5 kms south-southwest of the village of Awidiem.
The Project borders Newmont's Ahafo operation, which produced 442,000 ounces of gold in 2014 and had 9.9 million ounces of gold reserves. Newmont's Ahafo operation currently consists of four operating pits with reserves contained in ten pits and an underground mine presently under study. Newmont is the second largest global gold producer and Ghanaâ€™s gold production (including its Akyem Project) represents approximately 20% of its global production. TAB-Forest believes its Ahafo Project gold occurrences may be similar to Newmont's Kenyase or Subenso-type gold deposits.
TAB-Forest holds small scale mining leases for each of the concessions that make up the Ahafo Project and all required mining permits are in place for the Company to proceed with the development of the Project.
On the map below, the Ahafo Project is highlighted in yellow and Newmont's Ahafo property is in purple.
In southwest Ghana, the Ashanti and Sefwi-Bibiani greenstone belt gold deposits have produced, or have drill indicated resources of at least 100 million ounces of gold. The Sefwi Gold Belt, one of the largest of the Birimian gold belts of West Africa, is host to over 31 million ounces of gold. The best known, studied and prolific of the deposits are the group of deposits known as Ahafo with gold grading of 2.23 g/ton gold. Many of the largest gold mines in Ghana, including AngloGold Ashantiâ€™s Obuasi mine and Goldfields Ghanaâ€™s Abosso mine, lie within the Birimian System.
TAB-Forestâ€™s Ahafo Project contains both hard rock and alluvial gold deposits. Gold mineralization is present in 26 pneumatic holes TAB-Forest drilled in July 2010 to 20 meters in depth that have penetrated the auriferous mineralization layer on the Projectâ€™s Nkosoo concession. Approximately 280 samples were tested. Highlights from the drill program included a group of nine samples that showed gold values ranging from 7.03 g/ton gold to 20.08 g/ton gold with an additional 19 samples returning more than 1.0 g/ton gold and several others between 0.5 and 1.0 g/ton gold.
Gold mineralization was also present in reverse circulation drill holes that penetrated to a depth of 120 meters. Assay results from the drilling defined a significant gold system on the Projectâ€™s Woramumuso concession. Anomalous gold mineralization was found to be present in 27 of 30 reverse circulation drills holes with one or more interval returning greater than 0.10 ppm gold. The anomalous gold and pathfinder elements discovered at relatively shallow depths are consistent with the higher level mineralization that can occur above high-grade banded veins found on the property. Based on drill results and the proximity to known gold deposits, TAB-Forest believes the Ahafo Project has excellent potential to host a high-grade, bulk tonnage gold deposit containing more than 300,000 ounces of gold.
The Company has also acquired 15 large scale concessions, including an 81.42 square kilometer large scale concession in the Ahafo region. When the time is appropriate, TAB-Forest intends to leverage this Ahafo based large scale concession in order to move into large scale mining operations. With these additional concessions, Management believes the Company has the potential to produce a minimum of 500,000 ounces of gold annually from its Ahafo Project and the additional concessions.