Gem Rocks Discovers Gold

Gem Rocks Discovers Gold

Gem Rocks Mining Resources (Gem Rocks), a subsidiary of Zodiac Gold, Incorporated said it has discovered a huge deposit of gold in the country.

The Ministry of Mines and Energy (MME), in furtherance of its ongoing verification exercise for applications for mineral rights, over the weekend made a follow-up field visit to Arthington, Montserrado County.

The visit, according to a release, was in direct response to an earlier request from Gem Rocks Mining Resources (Gem Rocks), a subsidiary of Zodiac Gold, Incorporated, for a transition of its Exploration Program to a Mineral Development Agreement (MDA).

The objective, the release said, was to verify geological information, which the company supplied to MLME in its application for MDA.

Gem Rocks has been exploring for Gold in the country since 2021, and has now reached a critical phase of its systematic Exploration Program at Arthington and targets across Montserrado and parts of Western counties.  This phase requires the MLME to dispatch a high-level team for detailed technical discussions that will inform policy discussions and decisions at the highest level. Gem Rocks had earlier informed authorities of the ministry that it has made a (significant) discovery within the Arthington target, and has identified additional gold targets at Ben-Ben, Feh-Feh, Youth Camp, Alasala and Alasala South exploration sites. The company is therefore seeking a MDA at the earliest possible convenience. The August 2, 2025, verification exercises included another technical presentation by Gem Rocks through its Chief Executive Officer, David Kol, along with his team of technicians.  During the visit, the Mines and Energy Team, which was led by three deputy ministers, two assistant ministers and other senior technicians, visited and inspected the drilled core storage and correlated drilled sample results from reputable laboratories.  The team also inspected sites for exploration activities, including trenches, preserved drilled holes, etc. MLME notes that this exercise is a normal routine that is applied to every other exploration company that makes a request for a MDA in line with the Exploration Regulations of 2010, and the New Minerals and Mining Law of 2000.  The ministry, meanwhile, cautions, however, that while the government welcomes the growing interest in Liberia’s mineral potential and investment prospects as being critical for job creation, improving the living conditions of citizens, and overall growth and development of the economy, the process for acquiring a Class ‘A’ Mining License requires thorough scrutiny. Applications for MDAs must therefore demonstrate the capacity to carry out mineral production in an economically viable and sustainably efficient manner.