Gold Republic Pty Ltd is incorporated in Australia and wholly owned by Volt Resources Ltd. Gold Republic has two 100% owned subsidiaries – Novo Mines SARLU and KB Gold SARLU registered in Guinea.
Novo Mines has 100% ownership of 1 exploration permit (Konsolon Permit) while KB Gold has 100% ownership of 5 exploration permits.
The permits are located in the World Class Birimian Greenstone Goldbelt (Siguiribasin) with several world class goldmines and projects.
Auger drilling campaign identified four drilling targets as follows:
extended the known gold anomalous areas in Kouroussa to over 1,000 min length;
identified two major gold anomalies in the Konsolon permit for a combined strike length of over 2,450m and which remain open along with a number of other gold anomalous areas; and
a large open gold anomaly within the Nzima permit which is currently 600m in length and remains open.