News Industry

African Gold to begin diamond drilling at Konahiri gold project in Côte d’Ivoire

African Gold to begin diamond drilling at Konahiri gold project in Côte d’Ivoire
Wednesday, 29 October 2025 05:49
  • First 5,000 m drilling campaign to start in November 2025
  • Konahiri becomes firm’s second key exploration site after Didievi
  • Company holds $10.5 million in cash to fund ongoing operations

Australian miner African Gold announced on October 27 its plan to launch a diamond drilling campaign of at least 5,000 meters in November at its Konahiri gold project in Côte d’Ivoire. The move will make Konahiri the company’s second flagship exploration site in the country, alongside its Didievi project, which already hosts inferred mineral resources of 989,000 ounces of gold.

“Konahiri is emerging as our next major discovery front in Côte d’Ivoire. We now have a coherent 5 km soil anomaly that remains open, supported by a broader 18 km trend (…) Our objective  is  clear, convert  strong  geochemical  signals  into  bedrock discoveries and build a pipeline of growth opportunities alongside Didievi,” said African Gold CEO Adam Oehlman.

Located in the Kotiola–Marabadrassa Birimian belt in central Côte d’Ivoire, Konahiri is currently undergoing a 3,000-meter auger drilling program. Results from this phase, particularly the targets identified, will guide the upcoming diamond drilling campaign.

While African Gold aims to unlock Konahiri’s potential, the project remains at an early stage, and the chances of defining a viable gold deposit are still uncertain. Meanwhile, the company continues work at Didievi, where a 40,000-meter drilling program has been underway since July.

African Gold recently reported holding around 16 million Australian dollars ($10.5 million) in cash to support its exploration programs in Côte d’Ivoire.

On the same topic
(HUAWEI) - Huawei Northern Africa concludes today the Huawei Northern Africa Inclusive Energy Summit 2025 at the Four Seasons Hotel in...
Malawi plans state takeover of majority fuel imports to curb shortages NOCMA to import about 60% of fuel in 2026-27 Private importers remain active...
Theta Gold signs non-binding $80 million loan term sheet with Nebari Financing aims to fund TGME project, first gold in early 2027 Mine expected...
Orezone produces first gold at new Bomboré plant on December 15 $80 million facility targets 45% output increase by 2026 Bomboré production forecast...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
03

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
04

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
05

Standard Bank extended a USD 138 million facility to STEP, acting as sole arranger and advisor to ...

$138 Million Standard Bank Facility to Power Safaricom's Ethiopia Business Expansion
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.