JOINT VENTURES
SIRIBAYA, MALI
In December 2008, the Company entered into an option agreement with Merrex Gold Inc. (“Merrex”) to earn a 50% interest in its Siribaya gold project in Mali, West Africa.
The Siribaya gold project consists of a 700 square kilometre land package in western Mali that covers two major regional structural trends that hold significant potential for economic gold mineralization. Merrex has spent over C$8.0 million to date on exploration at Siribaya and has reported significant gold intersections along a two-kilometre segment of an anomalous gold trend that extends for more than six kilometres within the land package.