Our wholly-owned Boto Gold Project comprises 236 square kilometres, and has an indicated resource of 1.6 million ounces, with an average grade of 1.8 grams of gold per tonne, and a further 125,000 ounces in inferred resources grading 1.3 grams of gold per tonne (resources as at December 31, 2015). During 2016, diamond drilling was completed at the Malikoundi deposit to target mineralization in the footwall not completely drilled
in previous campaigns, as well as test for potential extensions along strike to the north. With the completion of this phase of the
drilling program, the Company reported initial drill assay results that confirmed wider intervals of mineralization in the footwall as
well as the extension of high grade mineralization along strike to the north of the Malikoundi deposit.
- 32 m at 5.19 g/t Au in the footwall
- 12 m at 6.39 g/t Au and 22 m at 4.04 g/t Au north of the deposit
As remaining drilling results from 2016 are received and validated, they will be incorporated into a revised geological model to
support an updated resource estimate in 2017. During 2017, further drilling is planned with the goal to expand the current mineral
resource and identify additional satellite zones. The Company plans to continue with various technical and environmental studies
to advance the economic evaluation of the project.