(Ecofin Agency) - • Canadian junior miner Koulou Gold secured $13 million to fund 2025 gold drilling in Côte d’Ivoire.
• Funds will support drilling at Assuéfry, Sakassou, and Kouto, plus new permit acquisitions.
• No resource estimates or detailed exploration timeline have been disclosed.

Koulou Gold, a Canadian junior mining company, announced on Monday, June 2, that it has raised $13 million through a private placement to finance its gold exploration campaign in Côte d’Ivoire for 2025. The capital will support ongoing exploration work and new permit acquisitions across several gold targets in the country.

The firm plans to direct the funds toward its Assuéfry, Sakassou, and Kouto projects. CEO Alex Ruggieri stated, “This financing reflects the quality of our team, our assets, and our long-term vision. With a fully financed exploration program and a strong portfolio of targets in Côte d'Ivoire, 2025 promises to be a transformational year for Koulou Gold.”

The program includes up to 20,000 meters of diamond drilling and an airborne magnetic survey at Assuéfry, 18,000 meters of drilling at Sakassou, and 5,000 meters of reverse-circulation drilling at Kouto. Additionally, a sampling campaign is scheduled for the Bokro project, where the company also holds an exploration permit.

Although Koulou Gold is accelerating its exploration activity, none of its current assets have reported an initial resource estimate. The company has not provided a specific timeline or objectives for the 2025 campaign.

A portion of the funding will be allocated to acquiring new permits, as part of Koulou Gold’s broader strategy to expand its gold asset portfolio in Côte d’Ivoire.