UK company to establish commercial viability of Kakamega gold in survey

Acacia Mining
Acacia Mining continue to invest in exploration at their high-grade West Kenya Project near Kakamega. Photo: Twitter/AcaciaMining

A British company which has been exploring for gold in Kakamega has announced it has started a survey to establish the commercial viability of the estimated deposits of the 1.1 million ounces of the precious metal.

Acacia Mining’s announcement is a signal that it could soon join Goldplat which mines the commodity in Migori.

Recoverable deposits of 1.1 million ounces would be worth an estimated Ksh160.8 billion and the study follows Acacia’s intensified exploration activities in western Kenya, which cost it Ksh1.2 billion in the year ending last December, up from Ksh1 billion the previous year.

Increased gold production will diversify the country’s exports, help to fund government expenditure and shore up the local currency from dollar receipts.

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