Nabanga Project

2017 Exploration

A budget of $1 million has been earmarked for the Yactibo Permit Group that hosts the Nabanga project. In 2017, exploration activities will focus on investigating parallel structures in the Nabanga intrusive. The program, which includes 5,000 meters of auger and 7,000 meters of RC drilling, is primarily directed towards the Nabanga area.

Figure 1 – 7,000-meter RC Drill Program on Nabanga Proximal

Image of 7,000-meter RC Drill Program on Nabanga Proximal

During the first quarter of 2017, a total of 56 RC holes (6,050 meters) tested six different targets proximal to the Nabanga deposit. The program is focusing on identifying parallel structures near the main mineralized quartz vein. The RC program is completed, and assay results are expected by the end of the second quarter of 2017.

Inferred Resources

Located 250 kilometers south-east of Ouagadougou, the Nabanga Gold Project lies within Orbis Gold’s previously 100%-owned Nabanga exploration permit.

The data for the inferred resource estimate comprised 239 reverse-circulation (RC) and 14 diamond drill holes with collars spaced nominally over a grid of 40 meters along the strike by 20 meters across strike, with holes inclined between 60-75 degrees to the south-east intersecting the mineralization at about 45 degrees to normal. Drilling completed (253 drill holes) by Orbis at Nabanga defined a high grade gold discovery.

Table 1: Nabanga Mineral Resource (Yactibo Permit Group) as at June 25, 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

(1) Nabanga Mineral Resource, reported above a 5.0 g/t Au cut-off grade

The technical report has been filed on or can be accessed here.