SLIDE 1
West Africa Landholdings – a strategic package
2
West Africa Exploration Update 19 th May 2010 West Africa - - PowerPoint PPT Presentation
West Africa Exploration Update 19 th May 2010 West Africa - - PowerPoint PPT Presentation
West Africa Exploration Update 19 th May 2010 West Africa Landholdings a strategic package 2 Exploration Pipeline poised for growth Mine - Resource Generative Scout Drilling Pre-Feasibility Feasibility Development West Africa
SLIDE 2
SLIDE 3
Generative Scout Drilling Pre-Feasibility Feasibility Mine - Resource Development
Exploration Pipeline – poised for growth
Koulékoun Bakan Penjom
North Lanut
Doup Seruyung
Malaysia Mali Burkina Faso Guinea Indonesia
Souma Balandougou Legend Bubble size reflects current resource estimate
- West Africa focus
- Grow Inata
- Generate Feasibility projects
Pani Inata Kodieran
3
SLIDE 4
Burkina Faso
Unité, Progrès, Justice
4
Ouagadougou
SLIDE 5
Belahouro – limited soil auger geochemistry
5
Avocet 100%
INATA Pali Damba Fete Kole
5km
10km 20km 30km
Most anomalies defined by surface soils
Souma
Gomde
SLIDE 6
Belahouro – few targets drilled to date
6
Avocet 100%
INATA Pali Damba Fete Kole
10km 20km 30km
Most anomalies defined by surface soils
Souma
Gomde
5km
SLIDE 7
Inata – early VTEM results very encouraging
- Initial survey oriented over Inata
- Strong electro-magnetic anomaly
- Mineralisation along eastern flank of anomaly
- NE fabric intersections
- New targets:
- Poorly drilled zones to south & north
- Parallel zone to the east & west
7
Avocet 90%
Grass Roots Drill Targeting Scout Drilling Infill Drilling Feasibility
1km
SLIDE 8
Souma – a new mine to be made
23 m @ 15.5 g/t Au 7 m @ 9.19 g/t Au 6 m @ 3.69 g/t Au 7 m @ 6.29 g/t Au
8
Avocet 100%
Grass Roots Drill Targeting Scout Drilling Infill Drilling Feasibility
1km
Dynamite
30 m @ 3.06 g/t Au 1 m @ 10.1 g/t Au 6 m @ 13.0 g/t Au 8 m @ 5.07 g/t Au 25 m @ 3.19 g/t Au 12 m @ 2.57 g/t Au
Granite Gravity image (BHP)
- 16-kilometre long gold anomaly
- Artisanal workings
- 22 discrete soil anomalies
- Only 4 drilled to date
- Main zone – Dynamite
- 1,800 metres completed this year
- First batch sent to lab (14 May)
- Gabbro host
- 20 kilometres from Inata mill
- Potential to haul to Inata, or may
warrant new plant
SLIDE 9
Programmes
Mar ’10 Apr ‘10 May ‘10 Jun ‘10 Jul ‘10 Aug ‘10 Sep ‘10 Oct ‘10 Nov ‘10 Dec ‘10 Q1 ‘11 Q2 ‘11 Q3 ‘11 Q4 ’11 Inata Resource Upgrade R VTEM Survey VTEM Follow Up Drilling Souma (Dynamite) R Inata AoI Targets R Souma Trend R Damba Trend Other targets
Bélahouro – exploration schedule
9 R = resource model report
SLIDE 10
Guinea
Travail, Justice, Solidarité
10
Conakry
SLIDE 11
Tri-K Block
Koulékoun, Kodieran, Kodiafaran
Avocet 95-100%
11
SLIDE 12
Tri-K Block – multi-million ounce potential
Avocet 95-100%
12
5km Additional permit to the south
60 m @ 2.01 g/t Au 20 m @ 6.43 g/t Au 13.4Mt @ 1.6 g/t Au (667,000 oz Au)
Koulekoun Kodieran
Additional permit to the NE
SLIDE 13
- Quartz-feldspar porphyry host
- Wide zones of mineralisation
- 73.1m @ 3.60 g/t Au
- 90m @ 2.10 g/t Au
- 11m @ 6.91 g/t Au
- Upper 60m completely oxidised
- Favourable metallurgy
- Post mineralisation dolerite
- Drilling of district targets
planned for Q4 2010
Koulékoun – wide porphyry host
13
Avocet 95-100% Grass Roots Drill Targeting Scout Drilling Infill Drilling Feasibility
50m
56m @ 3.23 g/t Au 48.2m @ 2.38 g/t Au 23m @ 2.30 g/t Au 50.9m @ 1.14 g/t Au 64m @ 2.28 g/t Au Dolerite dyke Quartz-feldspar porphyry
SLIDE 14
Balandougou
Avocet 100%
14
SLIDE 15
Balandougou
15
Avocet 100%
- 7km long trend of orpaillage
- Up to 200m wide
- Part of a larger 20km long structure
- RAB & aircore drilling by Ashanti (1997)
- Weathered zone is clay-rich and has few
quartz fragments
- Miners reject very little material
- Gold is disseminated in granitic host
- Drilling planned for Q4 2010
500m
17m @ 17.3 g/t Au 11m @ 2.45 g/t Au 29m @ 1.53 g/t Au 16m @ 1.60 g/t Au
Grass Roots Drill Targeting Scout Drilling Infill Drilling Feasibility
SLIDE 16
Programmes
Mar ’10 Apr ‘10 May ‘10 Jun ‘10 Jul ‘10 Aug ‘10 Sep ‘10 Oct ‘10 Nov ‘10 Dec ‘10 Q1 ‘11 Q2 ‘11 Q3 ‘11 Q4 ’11 Mapping /Trenching Tri-K Soil Sampling Drilling Balandougou R Tri-K Targets R Kankan R
Guinea – exploration schedule
16 R = resource model report
SLIDE 17
- Belahouro district is open and untested
- 1,660km2 covered by VTEM
- Systematic survey to define targets
- Inata “Area of Interest” drilling is a priority
- Souma obvious new resource
- Two quality targets in Guinea
- Tri-K Block is a multi-target district
- Porphyry host is important
- Sizeable target at Balandougou – 7 km
length up to 200 m wide
- Five more greenfields permits
Exploration summary – potential company maker
17