Nabanga Project

2017 Exploration

A budget of $1 million was earmarked for the Yactibo Permit Group that hosts the Nabanga project with the aim of investigating parallel structures in the Nabanga intrusive.

A core drill program is planned for early 2018 in order to test the extension of the mineralized veins at depth.

Inferred Resources

Located 250 kilometers south-east of Ouagadougou, the Nabanga Gold Project lies within the 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 www.sedar.com or can be accessed here.