Geological Overview

• Crystalline rocks of Precambrian age
• Western half of country typically of Archean age
• Eastern half, lenses of Proterozoic greenstones belts occur surrounded by rocks of probable Archean age
• Rocks of Pan African age extend northwesterly along most of the Liberian coastline from the Cestos shear zone

Mineral Concession

• Reconnaissiance License:

         Permits rapid geologic assessment to determine potential
         Maximum area: 2,000 km2
         Validity: initial period of six months

• Exploration License:

         Maximum size of area: 1,000 km2
         Validity: initial three (3) years; optional renewal two (2) years
         Right to conduct pilot mining during exploration

Mineral Development Agreement(MDA):

• Validity: 25 year renewable until reserves exhausted
• Duty-free privileges on mining equipment
• Most terms are negotiable since it is a concessionCan be applied for during or after exploration
• Free repatriation of profits and dividends
• Income tax not exceeding 30%
• Maximum size of area: 1,000 km2
• Exploration Land rental of USD 0.25/ acre per annum
• Mining Land rental of US$ 3.00/acre per annum

Gold and Diamond Development
After a period of sustained exploration since 1998, the Mano River Resources has launched a feasibility study that will lead to the production of gold from a mine to be developed within the next twelve months in the Gola Konneh District, Grand Cape Mount County.

The feasibility study is expected to confirm the existence of over 1.5 million ounces of ore which will result in an operating mine that will process over 100,000-150,000 ounces of ore annually. The mine, to be named the New Liberty Gold Mine, will be the first industrial mining type in the Liberia, departing from the small-scale alluvial type operation that has over the decades characterized the extraction of the mineral. Read more...