Canadian-based explorer Pasofino Gold (TSX-V:VEIN) has won the Top African Gold Project award at the 2025 Mining Indaba Dealmakers Den in Cape Town, South Africa.
The award has been given for the company’s Dugbe Gold Project in southern Liberia.
A Feasibility Study has defined an open pit mineral reserve estimate of 2.76 million ounces of gold, which is planned to be mined over 14 years, with an output of 200,000 ounces per year for the first five years.
To date, two deposits have been identified within the project, located within 4km of the Dugbe Shear Zone, which is thought to have played a role in large-scale gold mineralisation in the area.
Pasofino Gold reports both deposits have a combined measured and indicated resource of 3.3 million ounces of gold @ 1.37 grams per tonne gold, as well as 600,000 ounces in the inferred category.
CEO Brett Richards says this award is a testament to the caveats which makes this a special project.
“Firstly, the jurisdiction of Liberia in West Africa is one of the most under-explored mining jurisdictions in West Africa, while having the highest potential in Africa to host the next large gold mining complex,” Richards says.
“The opportunities in Liberia as a key mining jurisdiction are boundless, having a supportive and collaborative government and participative local communities. Liberia is quickly becoming a premier jurisdiction of choice to build and operate mines.
“Secondly, the Pasfino team has done a tremendous job bringing this project through its stages of development to its completed Feasibility Study and are prepared for construction decision, which will include: structured project financing, site preparations, Feasibility Study optimising and updating infrastructure work on roads, brings, and the Port of Greenville.”
The 2025 Mining Indaba Dealmakers Den, which was held between 2-6 February, is a conference for African and global mining companies which has more than 10,000 delegates.
Write to Aaliyah Rogan at Mining.com.au
Images: Pasofino Gold
