Gold prices have surged to an unprecedented peak of $2,141.90 per troy ounce in early March, reflecting the metal's status as a safe haven amid global economic uncertainties. This surge has intensified interest in gold exploration and production, with Pasofino Gold targeting Liberia, a country it describes as 'the last untapped gold exploration frontier.' Liberia's appeal is bolstered by over $18 billion in Foreign Direct Investment, underscoring its potential for economic growth and development.
The Dugbe project, located in the Birimian region, is central to Pasofino Gold's strategy. This area is renowned for its gold-bearing potential, and the company has initiated an exploration program in the Bukon Jedeh target area following a 2022 feasibility study. Previous explorations in 2012 and 2013 uncovered high-grade gold intervals, but further investigations were not pursued until Pasofino Gold's recent efforts. Rock samples collected in August 2022 yielded promising results, with gold concentrations reaching up to 31 grams per ton.
As the demand for gold continues to rise, driven by its value as an inflation-resistant asset, the exploration of new territories like Liberia's Bukon Jedeh could significantly impact the global gold supply chain. Success in these endeavors could not only benefit companies like Pasofino Gold but also transform Liberia's economic landscape by establishing it as a key contributor to the gold industry. For more information on gold market trends, visit https://www.gold.org.
