Alma Gold

Overview

Alma Gold (CSE:ALMA,OTC:ALGLF) is a mineral exploration and development company focusing on its Dialakor and Karita gold projects in Guinea, West Africa.

Gold hit its highest price to date (Dec. 4, 2023) at US$2,152.3, largely driven by expectations of slowing interest rate hikes and even rate reductions in 2024. “Aside from the Fed, inflation and geopolitical events, experts will be looking for cues from factors like supply and demand,” according to an article from Investing News Network. “The consensus in the gold market is that major miners have not spent enough on gold exploration in recent years. Gold mine production has been flat for the last five years, at around 3,200 to 3,300 metric tons each year.”

Rising gold prices and a stagnating supply landscape are creating opportunities for new gold exploration.

West Africa is among the most prolific and productive gold exploration regions, globally. Alma Gold’s newest acquisition in Guinea, West Africa, the Dialakoro Gold Project, is located within the Upper Birimian to Lower Tarkwa Group of sedimentary rocks of the world-class orogenic gold producing district known as the Siguiri Basin in northeast Guinea. All indications are pointing to a significant gold mineralization. With four exploration licenses covering approximately 314 square kilometers, the Dialakoro Project is considered an extension of the Niaoulini–Kobada–Sanankoro gold-hosted regional structural corridor crossing the Guinea-Mali border.

Alma Gold’s Karita Gold Project, meanwhile, contains a total of four exploration permits located immediately adjacent to IAMGOLD’s (NYSE:IAG,TSX:IMG) newly discovered gold deposit. The Karita Gold Project sits on a Birimian-aged greenstone belt, an extensive mineralization zone that hosts prolific gold deposits. Alma Gold has a comprehensive exploration plan, which is currently moving toward the maiden drilling program stage.

The company also has a promising asset outside West Africa. The Clarence Stream North Gold Project is in New Brunswick, Canada, and has promising gold-in-soil assay results. The company plans to pursue the next phase of exploration, including additional infill soil surveys, and geological mapping and prospecting.

Alma Gold focuses on maintaining a high ESG rating at every step. The company actively engages with local communities, artisanal gold miners, and governments during the permitting process and closely monitors its environmental footprint in each region. The company’s CEO Greg Isenor has been widely recognized for his impressive ESG work in previous projects, with more than 20 years of experience working in West Africa, striving to build a strong ESG rating with every project.

Company Highlights

• Alma Gold is a gold exploration and development company focusing on its gold assets in Guinea, and acquiring additional exploration permits.
• The company prioritizes a high ESG rating throughout the exploration and mining cycle by building strong relationships with local communities, artisanal miners and government officials.
• The Dialakoro Gold Project, which Alma acquired in June 2023, comprises four exploration licenses spanning 314 square kilometers along the gold-endowed “Sanankoro-Kobada-Niaouleni” structural corridor that extends into northern Guinea from southern Mali.
• The Karita Gold Project in West Africa comprises four exploration permits adjacent to prolific gold discoveries made by neighboring mining companies including IAMGOLD.
• The company’s Clarence Stream North gold project in New Brunswick, Canada recently returned encouraging gold-in-soil assay results indicating the asset's potential.
• Alma Gold’s CEO Greg Isenor has a long track record of working in West Africa and leading projects with a high ESG rating.
• A team of experts with a proven track record of success throughout the mining industry leads the company toward success.