TASIAST SOUTH
GOLD PROJECT
TASIAST INVESTMENT HIGHLIGHTS
01
Excellent gold results already achieved
02
Same geology as Kalgoorlie, without the crowds
03
36 km south of Kinross’ 20 Moz Tasiast Mine
04
125 km2 under-explored virgin Archean greenstone belt
05
Kalgoorlie region is proof these deposits repeat
06
$3m spent by previously over a brief 16 month period
07
Exploration results from first pass were excellent:
- Wide gold system detected – similar to Tasiast gold mine
- Several high-grade gold intersections
GOLD ASSET OUTLINE
PREVIOUS GOLD WORK
- 1st pass exploration;
- Air magnetics
- Bedrock sampling
- RC drill follow-up
- Excellent results;
- Wide gold system with economic grades
- Several high grade gold intercepts
GHASSARIAT ZONE RESULTS
INDICATE LARGE SYSTEM SIZE
GHASSARIAT DRILL RESULTS
Section of Ghassariat
shows:
- Very similar results & geology to Tasiast orebodies
- May have only intersected the top of a Tasiast system
- 71 metre length indicates large system
- Tasiast grades achieved
- This Ghassariat drilling is all above 100m
- Main Tasiast mineral zones are all below 150-200m
Initial work indicates good potential to repeat Tasiast style mineralisation at plus 200m depths
GHASSARIAT DRILLING V ACTUAL TASIAST
2KM INFERRED STRIKE ON GHASSARIAT ZONE
- Long low grade intercepts in early gold exploration demonstrate large system size
- The initial 71m @ 0.3 g/t Au intercept was followed by an important hit
- 1.5km west of the initial hit 38m @ 0.4g/t Au drilled
- Indicates potential for large system
- Tasiast systems run over several kms
Total Au (M.Oz)
g/t Au
Normandy
2000
2.1
2.1
Midas
Jan 2003
1.8
1.9
Defiance
Oct 2003
2.1
2.7
Rio Narcea
Sept 2006
2.1
2.7
Redback
Dec 2007
2.4
2.1
Redback
Dec 2008
4.5
1.2
Redback
Dec 2009
5.7
2.1
Redback
Aug 2010
8.7
2.4
Kinross
Dec 2011
20.5
1.2