9 August 2013: Sangola Drill Results

The Company received first assay results from the recently completed 4,800m reverse circulation ("RC") drilling programme. The results are for 28 holes, drilled along six drill fences across the Thiabedji target and one drill fence across the Tiobo target. Best gold intercepts are given in the table below.

Drill Hole

Target

From (m)

Width (m)

Gold (g/t)

TDRC006

Thiabedji

42

38

0.34

TDRC007

Thiabedji

36

27

0.45

TDRC009

Thiabedji

72

39

0.67

including

7

2.2

including

2

5.4

TDRC010

Thiabedji

24

8

0.44

TDRC011

Thiabedji

24

11

0.45

including

2

2.6

TDRC011

Thiabedji

92

2

5.1

including

1

9.9

TBRC002

Tiobo

56

5

0.61

including

1

1.9

Plotted on section (Figure A1), the Thiabedji results confirmed a zone of gold mineralisation up to 70 metres wide in a boudinaged unit of silicified quartzites within a volcanoclastic package. This mineralisation appears to be the depth extension of the best results achieved during last year's Rotary Air Blast drilling programme.

Thiabedji Results



Figure A1: RC drilling results for Line 3 at Thiabedji as provided by Randgold Resources. The results delineated a 70m wide mineralised zone (red outline) under last year’s best RAB drilling results.