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Teranga Gold: West African Expansion

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Along with the Banfora project, the acquisition also brought in two prospective early stage exploration properties to Teranga’s portfolio. One of particular interest is Golden Hill, situated within the Houndé greenstone belt, which hosts a number of familiar Canadian gold mining names. “Golden Hill is situated close to high-grade deposits discovered by Roxgold, Semafo and Endeavour Mining,” said Young. “Exploration is a key focus for us in 2017,” said Young. “We’re coming in with a $12 million to $15 million exploration budget with more than half of this set aside for Burkina Faso. We are very excited about our prospects in Burkina Faso and expect to have a lot of news on this front through 2017.”

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