Natougou Project

At Natougou, the 2017 budget of $15 million includes a provision of $8.5 million for an infill drill program designed to convert current inferred resources on the West Flank Sector into the indicated category and $1.3 million, which has been earmarked for completing studies in order to evaluate a potential underground operation. The remainder of the Natougou program involves exploration drilling on both proximal and contiguous permits to the Natougou deposit.

Boungou Shear Zone and West Flank Sector

In 2017, we plan:

  • To drill up the West Flank Sector, located immediately to the southwest of the open-pit deposit, in the first half of 2017 in order to convert the inferred resources into the indicated category; and
  • To evaluate the potential for an underground operation
West Flank operations map

During the first three months of 2017, a total of 25,700 meters was drilled in 170 holes, with sixty-five percent of the assay results received to date. The infill program is now three-quarters through with completion expected in the second quarter of 2017. All holes served to drill the West Flank Sector up to 40-meter by 40-meter spacing. Results to date are generally in line with the 80-meter x 80-meter model.

BHID From To Length Au_g/t Au_Capped
(45 g/t)
TPA0898 39.00 43.00 4.00 81.77 33.86
TPA0900 88.00 92.00 4.00 9.78 9.78
TPA0902 82.00 86.00 4.00 5.17 5.17
TPA0906 75.00 80.00 5.00 4.85 4.85
TPA0907 81.00 87.00 6.00 3.38 3.38
TPA0908 80.00 84.00 4.00 6.38 6.38
TPA0909 82.00 86.00 4.00 5.11 5.11
TPA0913 85.00 90.00 5.00 5.84 5.84
TPA0916 87.00 94.00 7.00 12.09 12.09
TPA0920 105.00 112.00 7.00 34.60 17.18
TPA0925 102.00 109.00 7.00 4.45 4.45
TPA0929 103.00 116.00 13.00 8.56 8.56
TPA0930 105.00 109.00 4.00 6.15 6.15
TPA0936 128.00 139.00 11.00 9.70 9.70
TPA0938 132.00 141.00 9.00 8.36 8.36
TPA0943 128.00 138.00 10.00 3.78 3.78
TPA0945 115.00 117.35 2.35 16.50 16.50
TPA0963 139.00 145.00 6.00 4.40 4.40
TPA0982 120.40 129.10 8.70 4.87 3.45
TPA0986 159.00 167.00 8.00 3.11 3.11
TPA0990 141.00 144.00 3.00 7.45 7.45
TPA0994 145.00 154.00 9.00 2.77 2.77
TPA0999 156.00 165.00 9.00 2.76 2.76
TPA1003 150.00 159.00 9.00 2.26 2.26
TPA1012 129.00 135.00 6.00 6.42 6.42
TPA1014 127.00 130.00 3.00 7.58 7.58

In the second quarter of 2017, further geotechnical holes will be completed for engineering measurement purposes. Subsequently, drilling will focus on the East Flank target where an additional 67-hole program will be conducted with the aim of providing a 40-meter x 40-meter space sampling of the mineralized zone.

South of Natougou - Trend 045

In addition, a 23,600-meter auger drill program was completed along Trend 045 located south of the Natougou deposit. Results from this work will serve to drill test the interpreted structure in the second half of the year.

Exploration Potential at Natougou

Figure 1 displays the A-A section of the West Flank Zone that crosses the Boungou Shear Zone in a south-west to north-east direction.

Figure 1 – West Flank Boungou Shear Zone A-A Section

Figure 2 displays the B-B’ section of the West Flank Zone that crosses the Boungou Shear Zone in a north-west-south-east direction.

Figure 2 – West Flank Boungou Shear Zone B-B’ Section