18 February 2014: Sangola Drill Results

All assay results of the drilling programme completed by Randgold on the Baraboye and Ibel prospects have been received. Best gold intercepts included 7m @ 1.5 g/t, including 1m @ 8.3 g/t, 6m @ 0.7 g/t including 1m @ 2.2 g/t and 11m @ 0.5 g/t, including 1m @ 1.9 g/t.

These results do not justify an immediate follow-up programme and Randgold will now focus its exploration activities on the Gangara and Bandafassi prospectsby undertaking geological mapping and lithological sampling to identify additional drill targets. The Gangara and Bandafassi prospects are of particular interest because they cover an area where Randgold, through its recently completed work programme, identified a previously unknown extension of the MTZ structure which controlled the formation of Randgold's 3 million ounce Massawa gold deposit to the north-east.

The joint venture received assay results for 98 reverse circulation drill holes which were drilled along four lines on the Baraboye prospect and two lines on the Ibel prospect for a total of 5,310 metres. Best gold intercepts are listed in the table below.

Prospect

Drill Hole

Width (m)

Gold (g/t)

From (m)

Baraboye BYRC013 7 1.5 34
including
1 8.3
Baraboye BYRC034 9 0.5 33
including
1 2.5
Baraboye BYRC035 6 0.7 1
including
1 2.2
Baraboye BYRC039 8 0.5 6
including
1 2.4
Baraboye BYRC051 7 0.5 35
including
1 1.4
Baraboye BYRC071 9 0.3 23
Ibel IBRC03 11 0.5 67
including
1 1.9