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 1,881 meters of core drilling was completed at the Siou North target area before the rainy season began. One intersection from MMP18-25 returned 8.99 g/t Au over 7.1 meters from a subsidiary lens parallel to Zone 9. Despite isolated higher-grade values, the mineralization appears discontinuous and uneconomic. No further work is currently planned.

 

Mana Regional

In the second quarter of 2018, significant assay results were obtained at a zone dubbed Doumakélé, 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). The follow-up exploration program at Doumakélé commenced early in the fourth quarter after the rainy season.