Gold Spot Price $00.00

 

Senegal Exploration

Mine Life Extension Potential at the Mako Mine

In 2014 a strategic decision was taken by the Company to suspend the exploration work that was focussed on increasing the resource base at the Mako Mine – with the Company prioritising project development, exploration work focussed on a series of in-fill drill campaigns to increase geological confidence in the Mako Orebody.

With operations now underway, exploration focus has returned to extending the current mine life through the investigation of a series of identified targets which include depth extensions under the current open pit and regional targets within trucking distance of the Mako plant site.

Underground potential

While the majority of the historical drilling at the Mako Mine was focussed on the orebody as constrained by the open pit, a number of drill holes have intercepted the orebody below the base of the current open pit.

These drillholes confirm:

  • The persistence of the orebody below the base of the current openpit;
  • The development of higher grade ore shoots at the North East and South West ends of the orebody;
  • The identification of widths and grades have the potential to support underground mining operations – being at least 5m in width and in excess of 5g/t Au; and,
  • The mineralisation style identified in the deeper drill holes is consistent with the open pit ore.

The deepest intercepts are at approximately 200 metres down structure from the base of the pit and indicate a potential continuation of the ore body to at least that extent.

A 8,000m deeper drilling programme has been planned for H1 2018 to test the depth extensions to the Mako Mine orebody with an emphasis on the identification mineralisation that could be converted to Reserves in due course.

Near Mine Exploration

Further exploration targets have been identified In the southern portion of the mining concession through a combination of soil sampling and mapping.

The Kerekonko Prospects are some 4 to 6km from the mill facility and on the southern bank of the Gambia river and will require further exploration work during 2018 and 2019 to investigate their geological potential.

Outside of the mining concession, the Company is actively searching for exploration targets that have the potential to form either standalone mining projects, or more likely could form satellite feed for the Mako mine mill.

The Company’s strategy is formed on exploring nearby permits through either direct application to the Government of Senegal or via the use of a joint-venture approach with local partners.

 

At this time the Company is exploring the following permits:

Permit nameCommercial basisPartner
MamakantiJoint VentureSonko et Fils
Koulounto EstDirect Application-
Sangola (permit under application)Pre-agreementKactus SAS