Gold mining has a legendary history in Ethiopia, with Ethiopian mines providing gold to the ancient Egyptian empire and possibly even King Solomon’s Mines and the Queen of Sheba. Alluvial gold production has been ongoing ever since that time, and the Asosa zone of Ethiopia could contain the oldest known gold mine in the world at 6000 years old.

Predecessors to Akobo Minerals explored the Akobo area already back in 1998-1999. Regional soil sampling gathered 635 samples, 526 of these contained visible gold when panned. This first effort also identified several gold bearing quartz veins. However until 2010 the extensive Akobo district, until a few decades ago a very sparsely populated area, had not yet been systematically explored. First in 2010 when Akobo Minerals was granted a large exploration permit covering the region did the extensive exploration work start.

Since then Akobo Minerals has performed a lot of essential ground work:

  • Established camp with machinery
  • Trenched, channel sampled and analyzed a total 7.5km of trenches
  • Performed RC drilling in 32 holes, approx. 3000m
  • Analyzed more than 4.000 soil samples
  • Performed 21 km2 of ground magnetics and extensive geological mapping of license area
  • Established a permanent organization both in Oslo and Ethiopia
  • Started a new core drilling program for 2020 of 3000-5000 meters
  • Competent Persons Report completed