- DIDI PERMIT
DIDI GOLD EXPLORATION
The DIDI Gold Project is located in North-eastern Guinea within the administrative region of Kankan and the Prefecture of Siguiri. The Project is located about 15 km west of the Siguiri Gold Mine owned and operated by Anglo Gold-Ashanti.
ALLUVIAL GOLD PROJECT
Inside Didi’s license is a 29 km long paleo-placer containing a deposit of alluvial gold.
The first feasibility study area submitted to the Ministry of Mines and approved covers an area of 4 km².
On November 2, 2020, the President of the Republic signed a decree N ° D / 2020/265 / PRG / SGG granting Alamako a semi-industrial Exploitation License.
Technical and economic feasibility studies demonstrate that the Kolalenda Paleo-placer formation hosts an economic alluvial gold deposit and a semi-industrial exploitation can produce a significant profit. This can be very beneficial for Alamako, investors, the Guinean state and the local communities.
HISTORIC OF THE DIDI LICENSE
The Didi license was held by HKD International Trade and Mining SARL (“HKD”) from 2007 to 2018. HKD was a company registered in Guinea and was owned 100% by The Golden Rule Mining Ltd (TGR Ltd) since 2015. The Golden Rule was a Private Limited Corporation founded in Wyoming, in the United States.
The Golden Rule Mining Ltd struggled to advance the project throughout the years 2017 and 2018 (incapacity to raise exploration funds).
On July 2018, the companies (TGR & HKD) were in violation with the Guinean mining laws. The legal status of the Didi license reached a point at which, there was no legal possibility for a renewal or an extension with the Guinean government. Therefore, HKD -The Golden Rule Ltd lost the license. Consequently, The Golden Rule – HKD agreement was terminated at that point.
On September 12th, 2018, The Ministry of Mines of Guinea granted the Didi License to Alamako Corporation International (Alamako) by decree No. A2018/5740/MMG/SGG.
On November 26th 2018, Alamako and The Golden Rule Inc.(TGR Inc) signed an independent partnership Earn-In agreement.
On October 6th 2019, The Golden Rule declared it has failed to fund the project and submitted a formal letter of Default and Forfeiture to Alamako.
On December 12nd, 2019, The Golden Rule Inc. declared insolvency and filed Articles of Dissolution with the State of Wyoming. Therefore, The Golden Rule no longer exist and no longer is an active Corporation. Alamako and the Golden Inc., Earn-In Agreement was terminated.
As of today, the Didi License is held 100% by Alamako and the Project is now available for financial and technical partnership.
