MineralVest’s bauxite project is located in Kindia which is Guinea’s fourth largest city. The permitted land stands roughly 135 km to the port in Conakry, Africa. Mined bauxite will travel down the mountain to the nearby rail or trucks and transported to the ports. From there it will be shipped to its final destination to be crushed and prepared to be made into aluminum.
Drilling and Exploration
5 core samples have been taken from 0-8 meters in depth
Samples indicated bauxite was rich at 2 meters and continued getting richer with depth
Samples yielded up to 53% aluminum oxide by SGS Labs in South Africa
Geologists indicate there to be in excess of 1 billion tons of bauxite reserve potential
20 million tons of projected annual production worth ~$1 billion
Execute core sampling plan to prove reserves by drilling down 1,000 meters of Mount Doko
Finalize transportation and exportation plans
Commence mining operations
Finalize agreement for additional bauxite concessions spanning more than 1,000 km2
Maps and Diagrams
Mount Doko Plateau
Geologists dug with a manual trench and bauxite quality increased in depth. The cap consists of iron ore up to 2 meters in-depth and beyond concluded bauxite. The flanks were immediately bauxite which indicates the mountain is full of bauxite, otherwise it would consist of iron ore runoff from the top. Geologists believe the majority of the mountain consists of bauxite.
Bauxite Reserve Projection
This diagram is an over simplified model to indicate how much we have in reserves on the cap of Mount Doko. Sections A,B,C at 10 meters in depth is 2.72 billion m3 in volume. The entire mountain which is yet to be explored measures 1,100 meters in depth.