Nabanga Project

Located 250 kilometers south-east of Ouagadougou, the Nabanga gold project lies within Orbis’ previously 100%-owned Nabanga exploration permit. In June 2015, Snowden Mining Industry Consultants prepared a NI 43-101 compliant report for Nabanga. The Nabanga gold project contains inferred resources of 1.84 million tonnes at 10.0 g/t Au for 590,000 ounces of contained gold.

Table 1: Nabanga Mineral Resource as at June 2015

Classification Oxidation state Tonnes Mt Au g/t Ounces Koz
Inferred Resources Oxide 0.08 8.9 20

Fresh 1.76 10.1 570
Inferred total 1.84 10.0 590

The inferred resource estimation for the Nabanga gold project was prepared using ordinary kriging and is reported above a 5.0 g/t Au cut-off grade, based on the assumption that the resource would likely be mined by underground mining techniques .

Nabanga drilling long section (looking northwest)

SEMAFO's comprehensive technical report has been filed on or can be accessed here.

2016 Exploration on Nabanga (Yactibo Permit Group)

A budget of $1.5 million has been earmarked for the Yactibo Permit Group that hosts the Nabanga project. The 2016 exploration program will comprise a 16,000-meter RC drilling program, of which 14,000 meters will be carried out on the Kamsongo and Yacti mineralized zones located in close proximity to the Nabanga deposit (Figure 1).  

Thirty-three holes for a total of 4,290 meters of RC drilling were completed during the third quarter of 2016 on the Kamsongo permit before exploration was halted due to the rainy season. To date, 12,600 meters of the 16,000-meter RC program scheduled for the Nabanga Project have been conducted, with drilling expected to resume in the fourth quarter. To date, drilling has revealed the location of gold-bearing structures, albeit too low grade to be economical.

Figure 1