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Highlights

Initial reconnaissance work has identified multiple targets within the project area. Stream sediment sampling, aerial magnetic and radiometric surveys, and geological mapping and rock chip sampling, coupled with extensive artisanal mining has led to identification of 3 major target structures containing 17 prioritised prospects (figure 3) within the project area. The company will continue to progress these priority targets through prudent and systematic exploration.

Bondoukou Project Map
Bondoukou Project Map
Bondoukou Project Map

Figure 3: Interpreted geology and detailed TMI magnetics for the Bondoukou Project; The Awari shear forms a major, old deep-seated structure in the district. Primary target areas shown in the left-hand image.

Table 1: Bondoukou Project Rock Chip Samples greater than 5 grams per tonne.

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Permit Prospect East North RL Lithology Au_ppm
Bondoukou Est Casino 939,884 549,466 238 Quartz 616
Bondoukou Est Casino 549,559 939,617 236 Quartz 589
Bondoukou Est Casino 549,556 939,624 238 Quartz 259
Bondoukou Est Casino 549,539 939,600 305 Quartz 177
Bondoukou Est Casino 549,703 939,748 235 Quartz 47.7
Bondoukou Nord Samanda 521,568 932,062 292 Quartz 38.5
Bondoukou Nord Est Djouman 549,619 943,353 212 Quartz 36.7
Bondoukou Est Fako 545,258 928,639 259 Quartz 30
Bondoukou Est Fako 545,176 928,971 259 Quartz 29
Bondoukou Est Ngouan 942,414 550,888 228 Quartz 26.5
Bondoukou Nord Est Yanti 547,492 961,580 252 Quartz 25.7
Bondoukou Est Fako 545,188 928,968 261 Quartz 23.4
Bondoukou Est Ngouan 942,420 550,882 220 Quartz 23.3
Bondoukou Est Junction 548,515 931,762 256 Quartz 18.45
Bondoukou Est Ngouan 548,978 942,453 216 Quartz 16.7
Bondoukou Nord Est Yanti 545,758 961,945 289 Quartz 16.25
Bondoukou Est Fako 545,001 929,234 257 Quartz 15.75
Bondoukou Nord Est Djouman 550,480 943,013 221 Quartz 14.35
Bondoukou Est Ngouan 548,978 942,453 216 Quartz 12.3
Bondoukou Est Fako 545,228 928,943 624 Quartz 12.15
Bondoukou Est Fako 545,229 928,939 263 Quartz 11.1
Bondoukou Est Fako 545,269 928,630 255 Quartz 10.7
Bondoukou Nord Est Ngouan 548,961 942,458 209 Quartz 9.92
Bondoukou Est Junction 549,118 931,471 245 Quartz 9.89
Bondoukou Est Fako 545,177 928,958 258 Quartz 9.65
Bondoukou Est Twin Quartz 540,934 942,217 248 Quartz 9.06
Bondoukou Nord Est Yanti 545,608 962,106 289 Quartz 8.31
Bondoukou Nord Est Casino 549,559 939,736 242 Quartz 8.19
Bondoukou Est Ngouan 548,978 942,453 216 Quartz 7.9
Bondoukou Est Ngouan 942,386 550,872 225 Quartz 7.86
Bondoukou Est Ngouan 548,978 942,453 216 Quartz 7.73
Bondoukou Est Bahile 551,700 924,789 297 Quartz 7.7
Bondoukou Nord Est Yanti 545,303 962,590 297 Quartz 7.62
Bondoukou Nord Samanda 522,071 929,066 275 Quartz 7.05
Bondoukou Est Twin Quartz 540,861 942,224 252 Quartz 6.47
Bondoukou Est Fako 545,853 928,524 274 Quartz 5.63
Bondoukou Est Fako 545,265 928,653 260 Quartz 5.44

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Awari Shear Prospects

Further to this reconnaissance exploration producing quality targets, auger geochemistry lines over 15 kilometres of the south eastern extents of the Awari shear has highlighted the potential for a large high grade mineralised system within the Elisabeth, Fako, Fako South and Bahilé Prospects. Auger drilling has resulted in more than 8km of strike potential within these prospects and potential to extend the anomalous zones along strike (figure . Initial drill testing of these targets was completed in January 2018.

Auger drilling over the Elisabeth, Fako and Bahilé prospects

Figure 4: Auger drilling over the Elisabeth, Fako and Bahilé prospects

This first pass drilling revealed a large sericite, fuchsite, quartz-carbonate alteration system within a package of mafic volcanic and intermediate intrusive rocks at the Fako/Fako South prospects. Significant intercepts from the Fako prospects included:

Figure 5: Fako Drill plan and type section showing interpreted zoned alteration system and mineralisation.

Casino Project

The Casino prospect is interpreted as extensional zone located close to a contact between a late granodiorite intrusive and metasedimentary/volcanosedimentary sequence of rocks. Artisanal miners have opened a 700m long pit which has returned rock chip samples up to 589 grams per tonne gold. Alteration is dominated by sericite +/- pyrite.

Figure 6: Casino Artisanal Mining Pit, quartz with sericite alteration and free gold associated with the 589 gram per tonne rock chip sample.

High grade mineralisation was intercepted at the Casino prospect close to a granodiorite/metasedimentary contact, the results from casino are extensions of rock chip sampling from the artisanal mining pits. Significant intercepts for the prospect include:

Figure 7: Cross Section for the Casino prospect. Showing Artisanal Mining Zone, the clear intrusive contact and significant intercepts.

Figure 7: Cross Section for the Casino prospect. Showing Artisanal Mining Zone, the clear intrusive contact and significant intercepts.

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