Société à Conseil d'Administration et Direction Générale créée par le Décret n°1018/PR/MMPH du 24 août 2011
RCCM 2013B14518 NIF 779575R Siège social: 5e étage, Immeuble du Bord de Mer Boulevard de l'Indépendance, B.P. 23 801 Libreville – Gabon www.gabonmining.com
KOLISSEN GOLD PROJECT
Due to its geological context, mainly consisting in a greenstone belt, its size, the numerous gold anomalies up to 2 km long, along a shear zone, the intensive artisanal mining activity and some good intersections resulting from deep drill holes, the Kolissen gold project has potential to be a good deposit. Location and infrastructures:
Figure 1 : Location map and infrastructures
Project phase: Brownfield project, up to geotech drilling phase. Geological context: Greenstone belt. Locally, the mineralized area falls within a tectonized corridor of some 7-km wide, where a block of metamorphosed Francevillian lower Proterozoic equivalents within an Archaean terrain is running parallel to the major Ikoy-Ikobe shear zone.
Société à Conseil d'Administration et Direction Générale créée par le Décret n°1018/PR/MMPH du 24 août 2011
RCCM 2013B14518 NIF 779575R Siège social: 5e étage, Immeuble du Bord de Mer Boulevard de l'Indépendance, B.P. 23 801 Libreville – Gabon www.gabonmining.com
Figure 2 : Regional geology extracted from a geological map of Gabon at a scale of 1:1,000,000 provided by Sysmin 2009.
Other mineralization: Some kimberlitic dykes were discovered through drill cores. This allows considering diamond mineralization, besides gold in the area. Estimated resources: N/A. Previous works: All the works conducted to date, have been performed into the old “Or zone Koumba
permit”. Geotech drilling was completed. A total of 1,803m of drill core (some NQ, mostly BQ) were drilled from 8 diamond drill holes with inclinations between 45° to 65°.
Société à Conseil d'Administration et Direction Générale créée par le Décret n°1018/PR/MMPH du 24 août 2011
RCCM 2013B14518 NIF 779575R Siège social: 5e étage, Immeuble du Bord de Mer Boulevard de l'Indépendance, B.P. 23 801 Libreville – Gabon www.gabonmining.com
Table 1 : Results of drill-‐hole intersections from assayed core
Mineralization:
Ø Gold generally occurs within vertically dipping vein systems and 3-5 m stockwork (of 1-5 cm veinlet). The veins follow the structural trend and run parallel to NNW Ikoy-Ikobe fault.
Ø The gold mineralization appears to be associated with white saccaroidal quartzites, and faulted contact with greenstone units.
Grade: up to 3.40 g/t through drill core. Program 2015: The program will comprise,
Ø Acquisition, compilation, integration and re-interpretation of all historic data in order to define the main targets;
Ø A detailed geological mapping at a scale of 1:5,000; Ø A drilling program.
2015 program budget: In order to achieve the program, a provisional budget of USD 600,000 is considered. Licence status : Application under examination.
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