Firm discovers gold in Kogi

Mining firm, Kinsfield Energy Limited has made a commercial gold ore discovery at one of its fields in Yagba West Area of Kogi State, Nigeria.

The Chief Executive Officer, Mr. Adekunle Akintola, in a statement, said, “Kinsfield Energy has done geological mapping, geophysical survey, geochemical sampling and currently contracting core drilling of the gold fields.”

Akintola said gold mining is a very lucrative business next to petroleum and it was internationally priced.

“Our vision is to pursue an aggressive policy of acquisition and development of gold and bitumen fields across Africa,” he said.

Akintola added that the firm was committed to utilising the extractive opportunities in both Africa and North America for optimum value. Kinsfield Energy which operates out of Abuja and Houston, in the United States, and has secured since 2011, two exploratory licenses for gold fields in Yagba West Area of Kogi State.

[Punch]

Related Posts

• 

  Over 1,000 firms bid for 2017 railway projects
  Over 1,000 firms bid for 2017 railway projects
• 

  NAICOM moves to enforce compulsory insurance of public buildings
  NAICOM moves to enforce compulsory insurance of public buildings
• 

  Reps ask NPA to reverse termination of agreement with Intels
  Reps ask NPA to reverse termination of agreement with Intels
• 

  SEC suspends Oando shares from stock market
  SEC suspends Oando shares from stock market