MineralVest’s gold project is located in East Guinea. The 3 concessions span in excess of 205 km2 of rich alluvial deposits. Based on geologists findings, gold production is projected to be between 4 and 10 kg per day.

Drilling and Exploration

Initial exploration indicated there could be between 400 and 800 kilograms of gold reserves.

Next Steps

  • Execute additional sampling plan to prove reserves by scraping the surface to the bedrock

  • Finalize transportation and exportation plans

  • Commence alluvial mining operations


Gold is the most popular investment instrument among banks and private investors due to its uses in industrial uses and prevalence in jewelry making. Additionally, gold is used as a reserve, and as many countries face crisis, it can be assumed national banks of some countries will struggle to restore their gold reserves which, in turn, will increase demand.

Guinea is one of the richest countries in the world in terms of natural gold reserves and is neighbor to top gold producers in Africa such as Ghana, Mali, and Burkina Foso. Guinea lies on the gold-rich Birimian greenstone belt.


Gold outlook is strong:

  • A Citi analyst believes gold will push north of $1,400 per ounce for sustained periods through 2020

  • Goldman Sachs believes gold prices will rally to $1,425 by the end of 2020 as demand from emerging nations grow

  • India, largest consumer of gold, is set to become th fastest- growing economy in coming decades (Forbes)

  • Adoption of Internet of Things (IOT) is leading explosion of electronics (and gold) used in consumer durable goods.


Overview of Alluvial Gold Mining Process

Alluvial gold refers to a type of gold dust, flakes, and nuggets found in sand and gravel in and near rivers beds and streams. Over time in these deposits, water runs through the ground that is rich in gold and erodes the surrounding rocks. As gold is heavier than most minerals found in these areas it resists movement and settles near the rock bed. To recover the gold, it requires physical separation methods like screening and gravity separation.

Stage 1: Remove soil and humus layer with a bulldozer.

Stage 2: Use an excavator to load gold-bearing soil into a mobile flushing unit. The soil is crushed to the required condition and gold is separated from the waste rock. This takes place until the bedrock is met.

Stage 3: gold is melted into gold bars and sent to a lab to confirm purity of gold. From there the gold is sold to consumers.