RE: RE: check out nevsungood deposit but be careful re the Eriterian govt. They crippled Nevsun's Bisha project in 2004 for awhile probably wanting a bigger piece of the pie and the stock got crushed. You never know if they will come back for more. Hopefully Tanzania is safer turf.
https://www.miningmx.com/news/gold_and_silver/gold-search-heats-up-Eritrea.htm
See info from above link.
Nevsun shares soared from C
.55 to C$3.94 in the 12 months to February 2003 on the back of the initial, high-grade borehole results from Bisha. They subsequently peaked at a record $9 during 2004.
But the shares plummeted 50% in a single day’s trading on September 3, 2004 when the Eritrean government forced Nevsun and two other gold exploration companies to shut down operations but provided no reasons.
The uncertainty over what was actually going on lasted for months. Nevsun finally signed a mining agreement over Bisha with the Eritrean government in December 2007.