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
Gold production rose 10% year on year, reaching 1.21 mln ounces in 2025. Lafigué delivered its first full year of output, offsetting declines at other...
Galiano Gold will invest at least C$17mln in gold exploration in Ghana in 2026. The budget is up 70% year on year and targets reserve growth at the...
Nigeria lowered oil and gas signature bonuses to $3m–$7m from much higher past levels. The change applies to payments made before license awards...
Mozambique expects Rovuma LNG construction to start within 12-18 months Improved security enables restart of major northern gas...
Most Read
01

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...

Global Firepower Index 2026: Egypt, Algeria, Nigeria Lead Africa's Military Rankings
02

Circular migration is based on structured, value-added mobility between countries of origin and host...

Circular migration as a lever to turn Africa’s student exodus into value
03

BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitiz...

BRVM Lists Burkina Faso’s First Securitization Fund Bonds
04

CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...

Ethiopia’s CBE launches digital platform to channel diaspora remittances
05

President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...

Nigeria approves targeted incentives to speed up Shell’s Bonga South West project
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.