Our core competence is mining and exploration of Gold, Nickel, Silver, Pink tourmaline and more.
Petrolia Resources Limited
At Petrolia Resources, Our core competence is mining and exploration of Gold, Nickel, Silver, Pink tourmaline, iron, lead, Zinc, coal and many other unique mineral resources.
Our Gold Project
Our main project is named THE UNICORN PROJECT located in Ilesha -Ife axis Atakunmosa -West LGA, Osun state in South West Nigeria. Based on our analysis by geologist and experts the UNICORN gold minning site is projected to have enormous quantity of gold and other mineral resources.
Osun state has 5 billion dollars worth of Gold According to a finding by a Professor of Geology at the University of Ibadan. The gold deposit in Osun state is worth about $5 billion in today’s price, according to a research finding by Olugbenga Akindeji Okunlola.
At the current CBN rate, $5 billion is equal to N2.3 trillion.
Okunlola, who is also the president of the Geological Society of Africa (GSAF), was speaking at the 427th inaugural lecture of the University of Ibadan on Thursday. His lecture was entitled “Riches Beneath Our Feet: Mineral Endowment and Sustainable Development of Nigeria”.
He said Iperindo in Ilesha, Osun state, has a proven reserve of one million ounces “in a 1km2 area up to a shallow 100m depth, comprising a series of gold bearing (Gold-quartz-carbonate) veins localised by subsidiary faults, hosted within biotite gneiss and mica schist. Grade ranges between 1–23.6g/ton. Currently, this deposit is worth over $1 billion”.
Iperindo is one of the clusters of seven gold deposits around Ilesha, he added.
“The worth of the Ilesha gold belt occurrences could be in the range of $3.1 to $5 billion at current price regime. Nigeria might well be the new frontier in the coming years for gold exploration in West Africa,” he said.
See Gold Occurences in Nigeria
THE UNICORN PROJECT located in Ilesha -Ife axis Atakunmosa -West LGA, Osun state in South West Nigeria.
Osun state has 5 billion dollars worth of Gold According to a finding by a Professor of Geology at the University of Ibadan.