Aurenere

Plans for an initial drill program to test the Aurenere Prospect and generate new targets within the project area have been submitted to the authorities for approval as part of the Company’s application for the Investigation Permit.

The Aurenere Prospect is an outcrop of approximately 100mof pyrrhotite rich skarn located at the contact between a granodiorite and carbonate-bearing sediments. It was mapped and systematically sampled in late 2017, returning high grade gold (up to 33.90 g/t) and tungsten (up to 5.49% WO3).

All programs are carried out with a strong commitment to both sustainable development and proactive stakeholder engagement as the Company seeks to develop and maintain positive relationships with its host communities and stakeholders.

Results

An initial reconnaissance field campaign was carried out in September 2017 to assess a previously identified skarn occurrence located in the northeast of the Project area.

The reconnaissance field program included detailed geological and structural mapping, rock chip sampling of outcrop, and input of the data into an ArcGIS software package to facilitate data integration and interpretation.

An outcrop of pyrrhotite rich skarn located at the contact between a granodiorite and carbonate-bearing sediments, measuring approximately 100min area, was mapped and systematically sampled.

A total of 68 select rock chip samples were collected on an approximately 1m by 1m grid over the skarn outcrop and submitted for gold and multi-element (including tungsten) analysis.

The assay results, which have been verified by the Company, confirmed the presence of high grade gold (up to 33.90 g/t) and tungsten (up to 5.49% WO3) mineralisation associated with the pyrrhotite rich skarn. These results were reported to the market on 27 March 2018. For full results please click here.