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Operations
Ghana
Overview
Chirano
Bolgatanga
Overview
Property Description and Location
Physiography and Accessibility
Geological Setting
Deposit Types
Exploration History
Ahafo North
Bibiani North
Akyem
Enchi
Bole
Mauritania
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BolgatangaOverview The project covers an area of 772.9km2 comprising one Prospecting Licence and one Reconnaissance licence. In 2005 the project was joint ventured to Etruscan Resources Inc who are currently developing the Youga deposit 30km to the north east in Burkina Faso. Under the terms of the agreement Etruscan has the option (3 years) to earn 100% of Red Back's interest in the project subject to payments to Red Back totaling $US300,000, by expending $US1,000,000 on exploration in the project area and subject to a royalty payments of $US10 per ounce of refined gold up to a maximum of $US 5 million. |
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