Mana Project

2018 Exploration Program

A $7 million exploration program is planned for Mana in 2018. The program is expected to include 10,000 core, 25,000 RC, and 60,000 meters of auger drilling, all of which will be carried out within trucking distance of the Mana Mine. The bulk of the core drill program will be directed to the Siou area with the aim of expanding the newly discovered lens in the north part of Siou at depth.

Approximately 1,000 meters of core drilling will also be carried out on the Pacolé area located 8.5 kilometers to the east/north-east of Siou, and Nyafé areas. Delineation drilling will also continue, with work devoted to three zones located to the south, west and north of the Nyafé deposit.

Siou

In the quarter, a total of 5 core holes (3,114 meters) was drilled at the Siou North target area. To date, barring a few isolated gold values, no significant mineralization was obtained along the trend. Three holes remain pending, after which the potential of this target will be evaluated for further work.

Mana Regional

In addition, a series of satellite targets was tested within trucking distance of the Mana mill. In all, 68 RC holes totaling 9,243 meters and 3 core holes (709 meters) were completed. Significant assay results were obtained at a zone dubbed Doumakélé, which has hematized and pyritized intrusive and volcanic enclaves and is located 25 kilometers southeast of the mill. Highlights include 2.02 g/t Au over 5 meters (MRC18-5107), 8.69 g/t Au across 3.7 meters and 4.19 g/t Au over 4.5 meters (WDC-976), and 6.38 g/t Au over 10.7 meters (WDC-980).

Most of the holes were drilled at different directions in order to establish the geometry of the mineralization, so the true thickness remains to be established. The objective is to identify near-surface satellite zones that can be readily transported to the existing mill. The economic potential of Doumakélé will be assessed once additional drilling to better define the zone is complete.