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Akyanga Deposit

The Akyanga gold deposit with a 43-101 compliant Inferred Mineral Resource of 41 Mt at an average grade of 2.37 g/t containing 3.1 Moz

Akyanga Deposit

About Akyanga Deposit

  • Over $30 million spent on exploration to date

  • 20,000 m diamond drilling over a strike length of strike length of 2.1 km

  • 500 km of trenching

  • 43-101 compliant Inferred Mineral Resource of 41 Mt at an average grade of 2.37 g/t containing 3.1 Moz of gold

  • Mineralization occurs as multiple, shallow dipping veins zones in a thrusted sequence of Proterozoic metasediments, conglomerates and mafic intrusions

  • Mineralization remains open along strike to the north and south as well down dip and at depth

  • Additional 10 diamond drill holes drilled by previous owner totaling 2,100 m have not been assayed

  • Potential to convert a portion of the 3.1 Moz from inferred to indicated

  • Diamond drill program planned for the second half of 2024 View more

Regional Exploration

  • Multiple exploration targets beyond Akyagna (see appendix)

  • Sixteen significant gold soil anomalies along 55 km of prospective strike length. Several drill ready targets identified through soil sampling, extensive geochemistry, trenching and drilling

  • Akyanga East

  • Parallel structure located 500 m east of the Akyanga deposit. 10 diamond drill holes previously drilled totaling approximately 1,200 m including high grade intercepts of 7.9 m at 5.3 g/t gold and 5.0 m at 8.5 g/t gold

  • Lubitchako

  • Located 5 km south of Akyanga. Three zones of artisanal workings within the main zone of 1.4 km. Parallel quartz vein zone up to 60 m wide. Shallow drilling returned 4.6 m at 6.08 g/t gold

  • Tulonge

  • Over 7 km trend of quartz veins and artisanal workings. Shallow drilling returned values of 6.2 m at 5.2 g/t Au, 5.9 m at 7.15 g/t gold, and 4.0 m at 5.04 g/t gold

  • Ngalula

  • Parallel zones of high-grade gold soil samples across 8 km strike. Main zone over 600 m wide by 3.5 km long. Limited trenching returned values of 6 m at 5.18 g/t gold and 6 m at 2.13 g/t gold

2024 Exploration Program

  • Total of 5,000 m of diamond drilling planned on the Misisi Property in the second half of 2024

  • Convert inferred resources into indicated

  • Assay 2,100 m from 10 diamond drill holes previously drilled on the Akyanga deposit

  • 2,400 m to drill test southern extensions of the Akyanga deposit with the potential to increase the existing the inferred resource (see slide 10))

  • Mineralization is open along strike to the north and south as well as down dip and at depth

  • 1,400 m of diamond drilling at Akyanga East located 500 m east of the main Akyanga deposit

  • Exploration of regional targets 1,200 m drilling after ranking and prioritization of advanced targets

LOGISTICS​

Site Accessibility

  • Accessible by an airstrip 12 km to the north

  • Road access from Baraka port 90 km away

 

Team

  • Experienced local logistics team

  • Excellent local exploration geologists

Upgrades and Improvements

  • Upgrade/combine existing exploration and drill camps

  • Upgrade vehicles

  • Upgrade fuel storage and management system

  • Construct onsite prep lab

  • Upgrade security

Southern Extension
About Akyanga Deposit
Regional Exploration
2024 Exploration Program
Southern Extension
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