A firm has discovered gold in commercial quantity in a field in Yagba West of Kogi State.
The Chief Executive Officer, Kinsfield Energy, Mr Adekunle Akintola, said: “We have done geological mapping, geophysical survey, geochemical sampling and contracting core drilling of the gold fields.
“Our vision is to pursue an aggressive policy of acquisition and development of gold and bitumen fields across Africa.”
He explained that gold mining is a lucrative business next to petroleum, and it is internationally priced, saying Kinsfield Energy is committed to utilising the extractive opportunities in Africa and North America.
Akintola is an extractive mining expert, specialising in mining and oil and gas.
Kinsfield Energy, which operates in Abuja and Houston in the United States (USA), has secured two Exploratory Licenses (EL) for gold fields in Yagba West area.