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.
JV with GreenOre in Ayrshire, Scotland
In 2017 Koza Ltd partnered with GreenOre Gold Plc with the signing of another joint venture agreement. GreenOre awarded an option to a 250 km2 area mining lease from the Crown Estate in 2016. The area has a good location in regards to infrastructure, environment and land ownership. In the past, 3 main outcrops of gold discovered in government owned land (Forestry Commission). Historic bedrock samples high grade: up to 57g/t Au. Historic Drill core assay returned 51g/t Au over 25cm. Permits currently being sought for drilling.
All of the new and historic drill data has been compiled. The results have been reviewed by technical team and a further 4000m of drilling will be conducted between the Eastern and Western Anomalies in 2018 with some scout drilling around the perifery. This work would follow some ground geophysics.