Nabanga Project

Located 250 kilometers south-east of Ouagadougou, the Nabanga Gold Project lies within the Nabanga exploration permit.

Inferred Mineral Resources (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.

Exploration

The 2018 program is designed to test a new interpretation suggesting a shallower northern plunge of the high-grade shoots that could extend beyond 200 meters and along strike.

To date, a total of 25 holes (7,148 meters) core holes has been drilled along the Nabanga structure. Assay results have been received for 20 of the 25 holes drilled to date, and an additional seven holes will be completed when the rainy season ceases early in the fourth quarter.

In 2018, a budget of $4 million has been allocated to the property to test the new interpretation. No drilling was carried out on the property during the third quarter due to the rainy season. The remainder of the 2018 program has been scheduled for late in the fourth quarter.

Current Interpretation (Grade x Thickness)