Alecto awarded extended exploration contract

Africa-focused gold and base-metal exploration and development company Alecto Minerals has been awarded an additional three years for its Gassel-Manere and Arae mineral exploration permits, known as the Kerboulé project, in Burkina Faso.   The company said on Thursday that this was a crucial step to securing a potential joint-venture partnership. The additional term would give Alecto sufficient time to expand on the known gold resource estimate in the Kerboulé-Yalema corridor (KY-corridor) of 230 758 oz and to complete further exploration at the Palpaga exploration target.