Madagascar

Gold

Madagascar is a proven but underexplored gold province. Malagasy production of gold is far below its potential due to under-exploration, under-development and a lack of investment. 

Avana, a first mover in this resurgent gold province, has assembled almost 150,000 hectares (about 370,000 acres) of licenses across key prospective regions covering 11 of Madagascar’s known goldfields that are prime targets for modern exploration and production techniques. Avana focuses on areas of low metamorphic grade – greenschist and lower amphibolite facies – Archean and Precambrian lithologies characterized by classic shear-zone-hosted sheeted gold deposits

Avana is currently preparing to accelerate its exploration and appraisal program with a view to moving its commercially-attractive holdings into trial and then full production.

Other

Avana’s licenses include areas prospective a range of metals and energy minerals as well as industrial minerals and gemstones.