Mali

• Country summary
• Permits
• Exploration programme
• Exploration results

Exploration results

Field works is currently focused on the Loulo-Est and Farabantourou permit areas.

Loulo-Est

• The permit is situated in western Mali in close proximity to the Loulo gold mine and Tabakoto gold project.
• High tenor gold soil anomalies (up to 6.9g/t Au) over an area of 3.8km by 3.1km have been encountered while good geophysical Induced Polarity (IP) responses have been achieved.
• 60 reverse circulation holes have been drilled and promising gold tenor intersections have been encountered. The results of selected intersections are tabulated below.
• First phase Diamond drilling has been completed to investigate the extent, continuity and structural setting of the gold mineralisation. The results of selected intersections are tabulated below.
 

RC drilling Loulo-Est – Selected drill results

Hole ID	Depth (m)		Intersection Width (m)	Au (g/t)	cm.g/t
	From	To
LERC006	0	4	4	2.0	800
LERC020	121	122	1	3.4	340
LERC025	56	61	5	1.1	550
LERC026	7	24	17	0.6	1 020
LERC028	28	35	7	2.0	1 400
LERC028	44	46	2	2.7	540
LERC028	82	84	2	2.2	440
LERC032	79	81	2	7.6	1 520
LERC040	52	53	1	11.8	1 180
LERC042	61	62	1	3.1	310
LERC046	83	84	1	3.0	300
LERC059	38	39	1	9.2	920

 

Diamond drilling Loulo-Est – Selected drill results

Hole ID	Depth (m)		Intersection Width (m)	Au (g/t)	cm.g/t
	From	To
LEDD005	17	18	1	21.80	2180
LEDD005	14	17	4	5.51	2204
LEDD006	1	2	1	3.36	336
LEDD006	11	12	1	1.60	160
LEDD007	94	95	1	1.05	105
LEDD010	39	52	13	1.17	1524

Farabantourou

• 40km south of the Sadiola gold mine and 55km north of Loulo-Est.
• Favourable geological setting.
• First phase of soil sampling and infill sampling has been completed resulting in the identification of a 3.4km NW-SE striking soil anomaly coinciding with NW-SE striking magnetic highs.
• First phase drilling of 10 RC drill holes were completed over the targets. Results of selected intersections are tabulated below.
• IP survey over selected target areas confirmed the NW-SE striking soil anomaly.
   

  RC drilling Farabantourou – Selected drill results

  Hole ID	Depth (m)		Intersection Width (m)	Au (g/t)	cm.g/t
  	From	To
  FARC004	20	22	2	1.99	397
  FARC004	36	38	2	1.89	377
  FARC005	12	14	2	3.58	716
  FARC005	24	26	2	4.93	986
  FARC007	74	75	1	1.39	139

Ségala-Ouest

• Adjacent and south of the Loulo-Est permit, directly west of Avion’s Ségala Gold Project.
• Reconnaissance mapping has located several old drill holes and old trenches.
• Trenching near or in old trenches has commenced and is ongoing. Results returned values of 1.38g/t Au over 3m, 1.35g/t Au over 3m and 1.23g/t Au over 4m.