Tawana Resources (ASX: TAW) has the option to boost exposure in the west African nation of Liberia after securing rights for due diligence on a Birimian land package located in Sinoe County, in the south-east of the country.
The Sinoe project area covers an extensive 400 square kilometres, and boosting the potential is there are extensive alluvial and hard rock workings within the licence area with no modern day exploration.
Adding to the prospectivity is the project is 20 kilometres along strike from Hummingbird Resources (LON: HUM) 800,000 gold ounce Dugbe Resource, and 40 kilometres along strike from NT Resources (ASX: NTR) Bukon Jedeh advanced exploration project.
The proximity to these other resource companies could provide the opportunity for shared resources in a country with largely undeveloped infrastructure.
Exploration at the project will kick off almost straight away, starting with field sampling and mapping, along with an assessment of artisanal workings in the area.
Tawana has paid an initial exclusivity option fee to Global Mineral Investment Incorporated as consideration, with the details of the transaction remaining commercial-inconfidence with full acquisition details to be provided on completion of the due diligence.