Defraq Ventures AG Secures Lucrative Agreement on Massive Gold Deposit in Ghana
DEFRAQ Ventures AG invests in Ghana.
- (1888PressRelease) April 22, 2023 - Defraq Ventures AG has proudly announced its involvement in a successful agreement surrounding a large gold deposit in the heart of Ghana, further cementing its position in the global mining industry. This groundbreaking deal highlights the company's continuous pursuit of excellence and innovation within the sector.
Ghana, a nation with a rich mining history that predates the colonial era, was once renowned as the Gold Coast. Today, it holds the title of Africa's largest gold producer, surpassing South Africa in 2019 with an impressive output of 4.8 million ounces. Gold remains the most commercially developed mineral in Ghana, contributing to approximately 95% of the country's mineral revenue. This makes Ghana one of the most fertile regions for gold discoveries worldwide.
The Mining Lease is strategically located along the contact zone between the Ashanti Belt and the adjacent Kumasi Basin, stretching from Prestea southwards. These areas, hosting over 80 million ounces of gold, represent the most significant and prolific gold-bearing belt and basin in Ghana. This prime location ensures the potential for vast returns on investment, further solidifying Defraq's commitment to the mining industry.
Defraq Ventures AG will continue to provide updates on the agreement's integration into its business model, ensuring transparency and communication with stakeholders.
Key Facts:
• Country: Ghana
• Area: Nzema East Municipality
• Deposit: 550,000 troy ounces
• Estimated value: USD 1.1 billion
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