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The recent rally in gold prices is expected to encourage production around the world. The current price of about 1,360 per ounce, a 20month high, represents a gain of 20 per cent from lows of 1,133 in December 2016.
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Acacia Mining, a British company that has been exploring for gold in Kakamega, says it has started a survey to establish commercial viability of the deposits estimated at million ounces of the precious metal.
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The Company currently has a % interest on strategic claims in the Liranda Corridor. The remaining % of the Kakamega project is held by Acacia Mining (63% owned by Barrick Gold). In addition, Advance Gold has recently acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico.
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Gold Mining in Kenya Overview MBendi. A profile of Gold Mining in Kenya with directories of companies, people, industry sectors, projects, facilities, news and events. Now understand; Kakamega gold rush Wikipedia. The Kakamega gold rush occurred at Kakamega, Kenya in the early 1930s, fueled partly by the reports of the geologist .
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In addition, Kakamega town is cosmopolitan, playing host to Kenyans from other tribes, especially the Luo, Kalenjin, Kisii, and Kikuyu. This is attributable to the peaceful nature and hospitality of the Luhya people. Other than the people, Kakamega is blessed with beautiful terrain any nature lover will fall in love with.
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