4 July 2013: Ngoutou Drill Results

The Company received assay results for its initial three hole diamond drilling campaign (535 metres) along two drill traverses which targeted a small portion of the central part of the Ngoutou target:

Bore hole

Width (m)

Au (g/t)

From (m)

13NGDD001

16.0

1.3

37

including

2.0

5.6

37

13NGDD001

1.0

1.9

84

13NGDD001

33.5

0.4

187

including

2.0

2.2

192

including

1.0

0.9

198

including

1.0

0.7

207

including

4.5

0.6

216

13NGDD002

32.0*

0.4

1

including

3.0

1.9

20

including

13.0

0.7

20


Gold mineralisation occurs in a granodioritic gneiss, or derived saprolite, in contact with a unit of amphibolites, ultramafic rock and banded iron formation. Gold mineralisation in the dioritic gneiss appears to be associated with strong silification, stock work quartz veining and disseminated sulphide.

Western Section



Figure A: The results from drill hole 13NGDD001 in cross section. It can be seen that gold mineralisation occurs along the margins of a thick amphibolite unit.

Eastern Section



Figure B: The results from drill holes 13NGDD002 and 003, 120m east of 13NGDD001, in cross section. Gold minerlisation occurs in a dioritic gneiss in contact with a thick amphibolite/BIF unit.