JV with GreenOre in Aberdeenshire, Scotland
In 2015 Koza Ltd partnered with GreenOre Gold Plc with the signing of a joint venture agreement. The licence areas, referred to simply as ‘Towie’ and ‘Alford’ are located approximately 50km West of Aberdeen and covers combined 500 km2 area in rural farmland and forest plantations. Prior to the agreement, GreenOre have been exploring for gold and silver near the hamlet of Towie in Aberdeenshire, Scotland. Towie and Alford licences have been granted for a 6-year period from the Crown Estate.
Trenching is progressing well and has intersected interesting geology in terms of alteration and lithology. Trenching has been completed at Scar Hill area and stream sediment sampling completed over both licences. Obtaining 53.8g/t Au in float in a new area was the highlight of 2016 and proves the existence of unknown high grade quartz veins throughout the area. Promising results from the stream sediment programme indicates further gold mineralization is present within the 500 km2 prospecting area. Stream sediment analysis has revealed an extension of the known mineralised at Scar Hill towards the East.