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Overview
The Hounde Belt is one of several Birimian greenstone belts flanked by granitoids of various ages and basement gneisses covering most of Burkina Faso. It is located approximately 260km west of Ouagadougou and 160km east of the Mali border. This north trending belt extends for over 320km from northwestern Burkina Faso to the Cote d'Ivoire border and then for a further 205km in Cote d'Ivoire.
Virtually the entire belt is under exploration or exploitation license with a number of Canadian and Australian companies very actively carrying out exploration programs which have already delivered significant gold resources. These include Semafo, Orezone, Birim, Goldrush, Goldbelt, Riverstone and several local Burkinabi companies. Semafo is currently constructing the Mana mine, which is expected to commence production in Quarter 1 of 2008. The Mana mine has total gold reserves and resources of approximately 1,650,000 ounces. Orezone have defined a 200,000 ounce gold resource for the Bondi Project.
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