Investment Highlights
- Drilling at the KW Fault Zone at the Goldbanks project intersects high grade mineralization: GB08-01 intersected 15 feet (4.57 meters) grading 7.13 g/t (0.21 oz/t.) The drill program was aimed at exploring for a high-grade feeder zone at depth.
- With aggregate expenditures totaling $5 million and the issuance of 115,000 common shares of the company to Kinross Gold Corporation (“Kinross” TSX: K) the company has earned a 50% interest in the Goldbanks project.
- The company has entered into an option agreement to acquire 70% interest in two gold exploration concessions and one diamond exploration concession in Guinea from a Guinean based company. Eastern Guinea is prospectively similar to western Mali and Burkina Faso, hosting Birimian greenstone sequences.
- According to management, the company currently has about $76,000 in cash. Further financing is needed going forward.
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