(Ecofin Agency) - African Gold has announced an initial resource estimate for its Didievi gold project in Côte d'Ivoire. The firm estimates that the project could host at least 452,000 ounces of gold, which could increase with drilling. 

On August 20, African Gold reported it had raised A$2 million (approximately $1.34 million) to develop the Didievi project. Among others, the firm plans to launch a drilling campaign at the Blaffo Gueto deposit.

The campaign is designed to follow up on previously reported high-grade results, with the primary goal of extending and refining the recently announced inferred resource of 452,000 ounces at a grade of 2.9 g/t gold. "We are excited to see visible tin mineralization in several intervals from the first hole of this drilling campaign and look forward to sharing analysis results as they become available," stated Phillip Gallagher, CEO of African Gold.

Beyond the Blaffo Gueto deposit, other prospects within the Didievi project also show promising gold mineralization and the upcoming drilling programs will target these areas of interest. Didievi is African Gold's flagship asset in Côte d'Ivoire, which also includes three other gold projects.

Spurred by a rush of new investors, Ivorian gold output rose steadily in recent years. In 2023, the country produced 51 tons of gold, and this year it eyes 55 tons.