Gogota Bases Metals Project

The Gogota Bases Metals Project is 100% owned by the Company and is located in eastern Guinea near the borders with Ivory Coast and Liberia. The Gogota Bases Metals Project area includes the entire extension of the prospective geological environment that hosts the company’s Samapleu nickel, copper and platinum group elements deposit and the Sipilou and Foungouesso world class nickel cobalt laterite deposits in Côte d’Ivoire.

 The same Exploration license includes the large Lola Graphite deposit.

Location:
The Project is located approximately 1,050 kilometers East of Conakry, the Capital of the Guinean Republic and encompasses 1,212 square km. The area is well served with a road network leading to the Project from either Conakry or Côte d’Ivoire. All required services are available in the nearby towns of Lola and N’Zérékoré.

DiscoveryCobaltGogota1

Ownership:
The property was renewed on August 29, 2016 for two (2) years and according to legislation, the surface area was reduced by approximately 50 % from 380 km2 to 187 km2 (Figure 1).

The property is centered on UTM WGS 84 zone 29N latitude 7° 48’ 00’’ (UTM 863,000 N) and longitude 8° 32’ 00’ (UTM 551,000 E), The area includes the communities of Lola and several smaller villages. Within the license area the terrain is gently undulating providing good access to any part of the property.

Exploration program:

Since 2010, the exploration activities included; stream sediment samplings and surface mapping which highlighted numerous Ni-Cu laterite rich occurrences.

Sixty-nine Pionjar holes for a total of 830 m were performed in order to test the laterite potential of these various occurrences.

Sama Resources inc., in 2013, completed 65 core boreholes for 1,630m (51 holes for 1,360m at the Gogota laterite and 14 holes for 308m at the Gamakonikoni plateau.

Of the 51 vertical drill holes carried out over the Gogota Deposit, 31 were drilled over a 200-meter by 400-meter grid and 20 were drilled over a 200-meter by 200-meter grid. The first phase of samples from 31 drill holes representing 800 samples were sent for analysis and returned significant cobalt (“Co”), nickel (“Ni”), and scandium (“Sc”) results, among others. The second phase of 20 drill holes representing 425 samples, which are still pending, have been sent recently to the lab for analysis.

Combined Mineralized Interval Highlights (True Widths), “From” measurements start at  surface.

DiscoveryCobaltGogota2

 

 HOLE-ID

From

Length

CO

NI

SC

FE

MGO

(m)

(m)

(%)

(%)

(g/t)

(%)

(%)

GG34-800400

15.50

5.50

0.18

0.75

37.28

45.90

0.26

GG34-800800

2.00

18.20

0.19

1.43

45.06

52.19

0.38

GG34-800200

3.70

13.50

0.22

1.27

29.18

51.32

0.48

GG35-400600

4.00

20.80

0.15

1.41

29.62

53.42

0.60

GG35-400800

5.00

14.50

0.13

1.30

33.11

51.24

0.42

GG45-400200

6.00

10.00

0.13

1.19

30.00

48.02

0.33

GG44-800400

8.00

3.00

0.17

1.28

35.30

52.03

0.62

GG25-400200

4.00

14.50

0.18

1.52

31.73

53.29

0.30

GG25-400400

12.50

20.00

0.17

1.53

24.77

49.87

0.37

GG25-400600

7.00

16.00

0.16

1.36

29.88

50.14

0.76

GG25-400800

8.00

17.80

0.16

1.25

24.50

50.90

0.69

GG35-400200

1.50

6.90

0.13

1.58

40.30

44.14

2.73

GG35-400400

3.00

1.50

0.11

0.90

33.84

27.56

3.00

GG24-800800

2.10

12.00

0.24

1.16

32.63

48.08

0.49

GG24-400800

15.00

3.00

0.17

1.53

37.50

48.63

1.12

GG24-800600

6.00

23.00

0.18

1.27

39.14

51.63

0.40

GG24-800400

5.50

12.50

0.16

1.42

31.20

50.25

1.18

GG34-800600

0.00

14.10

0.17

1.39

23.95

48.09

0.61

GG44-800200

0.90

4.40

0.21

1.27

31.49

50.04

0.84

GG34-400200

4.00

2.50

0.14

1.16

30.00

42.41

0.92

GG34-400400

3.00

8.00

0.18

1.19

36.25

49.11

0.80

GG25-200400

8.50

14.00

0.21

1.45

36.43

49.57

0.45

GG25-200200

8.00

7.50

0.18

0.70

38.70

42.37

1.73

GG25-200600

2.30

7.40

0.15

0.95

38.91

41.86

0.58

 

Mineralized intervals defined using 0.10% cobalt cut-off grades.

FE: Iron, MGO: Magnesium Oxide, g/t: gram per tonne