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16 March 2010 - 02:19 GMT |
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Jun 03, 2009
Gold and Bauxite Exploration Underway in Cameroon (more...) |
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Avance's strategy is to be an 'early mover' within highly prospective and under explored geological provinces, in pursuit of the next generation of gold mines in emerging sub-Saharan Africa. The Avance team has many years experience of working in Africa and the ability to identify and assess the non-geological risks inherent with investing and operating in emerging countries. Once opportunities have been identified the Company employs satellite borne and geological remote sensing datasets in order to select the highest priority areas to explore. This strategy allows our teams to have the highest chance of discovering those gold deposits which crop-out at surface. Historically these deposits are discovered fastest, for the lowest exploration cost and are the first to become mines. Avance is currently developing a portfolio of exploration licenses in Côte d'Ivoire, a country with highly prospective geology and a favourable mining code. Côte d'Ivoire is also relatively under-explored following a period of political instability which ended in March 2007, following the signing of the Ouagadougou Political Agreement. The Company is currently investigating exploration opportunities in other similarly prospective West and Central African countries. |
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