• Joint Venture with Ezana Mining.
• 100km² exploration license with VMS trend over 10km long
• Main VMS gossan exposed for ~700m by 20m, with defined gold resources of 70,000 oz at 6.23 g/t (currently being mined by Ezana)
• Ezana drilled 75 drill holes at Meli, with only a dozen drill holes testing the sulfide zone below the gold oxide zone
• Only 2 holes intersecting the sulphide zone were fully sampled:
RH-DH-01: 17.4m @ 1.53 g/t Au, 37.21 g/t Ag, 4.2% Cu and 0.7% Zn
RH-DH-49: 10m @ 3.6 g/t Au, 34 g/t Ag, 1.9% Cu and 0.9% Zn
• Large EM and gravity geophysical anomalies located under gossans and on trend - similar signatures to both Bisha and Emba Derho Deposits
• Highlights of recent drilling include:
ML-001: 15.30m averaging 3.18 g/t Au, 25.0 g/t Ag, 2.2% Cu and 1.4% Zn
ML-002: 37.23m averaging 2.45 g/t Au, 29.4g/t Ag, 2.4% Cu and 1.3% Zn
ML-003: 35.43m averaging 2.52 g/t Au, 22.3 g/t Ag, 1.8% Cu and 1.5% Zn