Overview
The Koro Gold Project, comprising the Arbole Sud, Koro and Koro Sud permits covers a total area of 615.6km² and is located approximately 70km north-west of the capital, Ouagadougou in the northern area of the Birimian Boromo greenstone belt - the Goren arcuate segment - which is the same geological setting as Cluff Gold’s Kalsaka Project (0.64Moz) and High River Gold’s Bissa Group permits (2.3Moz).

The Koro Gold Project is accessible via a bitumen highway linking Ouagadougou and Ouahigouya with access within the project possible throughout the year (including rainy season) via all-weather formed gravel roads and village tracks.

Summary of geochemical auger drilling programme results
As at June 2012, a total of 616 drill holes have been completed totalling 4,858m. 190 new results for the last 11 holes at the Arbole Sud-Titanguen artisanal mining site have now been received and collated.

The active Arbole Sud-Titanguen artisanal mining site located to the north west of the Koro Gold Project has yielded the most encouraging results.

Original auger drilling over a 100x20m grid has successfully defined an anomalous area (350 x 150m) with an apex defined by a >300ppb value from the north east to the south west of the artisanal mining site delineating a trend consistent with major shears defined by aeromagnetic survey imagery.

Significant gold anomalies with values up to 11,000ppb within the supergene oxidation area have been identified in the first 20m from surface, in two auger drill hole sections, that are typically associated with gold microstockworks or veinlet networks and disseminated mineralisation.

The 400x400m regional auger programme at the Koro Gold Project has defined the presence of some large gold anomalies ranging from 5 to 30ppb Au. Aeromagnetic imagery and broader spaced auger sampling suggest this target zone may stretch up to 7km from the Arbole Sud-Titanguen artisanal mining area. The identification of a second artisanal mining site at Bouria to the SW of Arbole Sud-Titanguen also provides a strong indicator of this.

The mineralisation characterised by an organised network of quartz veins and veinlets in shear zones with disseminated sulphides occurring in zones of strong ductile deformation. Gold mineralisation is also preferentially concentrated along the contacts between the lithological units.

Next steps
A 1,600m Stage 1 RC drilling programme is planned to attest for gold mineralisation beneath the nearsurface geochemical anomaly outlined in auger drilling. Additionally, a Stage 1 infill geochemical auger drilling programme, totalling 10,000m, is being planned in order to investigate potential strike extensions of the Arbole Sud-Titanguen structure and other previously identified gold anomalies. These programmes are currently on hold.

GALLERY