Projects Overview

Projects Overview Megado has a portfolio of high-quality gold exploration projects in Ethiopia. Megado controls or will control the following projects: Chakata Gold Project (100% Megado); Babicho Gold Project (80% Megado); Mormora Gold Project (100% Megado); Dawa Gold Project (100% Megado); Dermi Dama Gold Project (100% Megado); and Chochi Gold Project (80% Megado). Five of...

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Mormora, Dawa and Dermi Dama

Mormora, Dawa, and Dermi Dawa Remote sensing program identified significant spectral anomalies throughout the Adola Belt & western Ethiopia, adding the following tenements to enhance the Megado portfolio: Mormora - 139km2 granted exploration licence located 40km south of the Lega Dembi and Sakaro mines, straddling the same north-south trending thrust fault that hosts these mines. Dawa...

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Babicho

Babicho Babicho is a 132km2 exploration licence covering the same prospective north-south trending greenstone belt that hosts the Lega Dembi and Sakaro mines (50km to the south). Peak Results: Drilling: 11m @ 0.81g/t Au (inc. 4.1m @ 1.97g/t Au) from BBDD001 (from 98m), underneath Megado trench BBTR002 Trenching: 30m @ 1.27g/t Au (inc. 11.1m @...

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Chakata

Chakata Gold Project The Chakata Gold Project comprises a 62km2 exploration licence Located just 5km south along strike from the Lega Dembi and Sakaro mines (+3Moz Au mined), covering the same north-south trending thrust fault that hosts these significant deposits Geophysics identifies the same major structure that is host to Lega Dembi/Sakaro runs through Chakata...

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Babicho – draft

Babicho Babicho is a 132km2 exploration licence covering the same prospective north-south trending greenstone belt that hosts the Lega Dembi and Sakaro mines (50km to the south). Peak Results: Drilling: 11m @ 0.81g/t Au (inc. 4.1m @ 1.97g/t Au) from BBDD001 (from 98m), underneath Megado trench BBTR002 Trenching: 30m @ 1.27g/t Au (inc. 11.1m @...

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Chochi

Chochi Chochi is a 137km2 project located within the western greenstone belt of Ethiopia, which is home to Ethiopia’s most advanced ‘Western-owned’ gold project – 1.7Moz Tulu Kapi (KEFI Minerals, AIM-listed). The western greenstone belt is also the same geological setting as Dish Mountain – the >1.5Moz Au greenfields discovery by Megado’s Executive Director Chris...

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