Geophysical Results Show Multiple Anomalies at Kor

Criteria

JORC Code Explanation

Explanation

Sampling

Techniques

 Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry

standard measurement tools appropriate to the minerals under investigation, such as down hole

gamma sondes, or handheld XRF instruments,

etc). These examples should not be taken as limiting the broad meaning of sampling.

 Include reference to measures taken to ensure sample representivity and the appropriate

calibration of any measurement tools or systems used.

 Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

 Ground Magnetic Survey: used two magnetometers GSM-19 Over Hauser of GEM Systems for the survey. The precision of these devices is 0.1 nT.

One was used as a base station (3 seconds) and the other (with GPS module) was running on the lines at a speed of 2 seconds.

 IP/Resistivity Surveys:

o Transmitter: Iris Instrument transmitter, model

VIP-4000

o Power supply: Honda 6.5kVA generator

o Current injection electrodes: stainless steel and aluminium foil.

o Receiver: Elrec=pro (20 windows, equal width of 80msec).

o Receiving electrodes: un-polarizable porous pots containing cupper sulphide solution.

 428.8km Gradient Array Induced Polarisation (IP)

survey.

 431.3km ground magnetic survey.

 Two (each 5km long) dipole-dipole IP test lines.

 The survey area contains 2 grids: Namagdo (UTM zone 30N) and Banouassi (UTM zone 31N). Both grids are orientated along a 60 degree base line. The survey lines are orientated at 150 degrees. Lines are spaced at 100m. Stations are spaced at

25m intervals along each line

Drilling techniques

 Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face- sampling bit or other type, whether core is oriented and if so, by what method, etc).

 No drilling was carried out as part of the survey.

Drill sample recovery

 Method of recording and assessing core and chip sample recoveries and results assessed.

 Measures taken to maximise sample recovery and ensure representative nature of the samples.

 Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

 No drilling or sample recovery was carried out as part of the survey.

Logging

 Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

 Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.

 The total length and percentage of the relevant intersections logged.

 No drill sub-sampling was carried out as part of the survey.

Sub-sampling techniques and sample preparation

 If core, whether cut or sawn and whether quarter, half or all core taken.

 If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

 For all sample types, the nature, quality and appropriateness of the sample preparation technique.

 Quality control procedures adopted for all sub- sampling stages to maximise representivity of samples.

 Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

 No drill sub-sampling was carried out as part of the survey.

 Whether sample sizes are appropriate to the grain size of the material being sampled.

Quality of assay data

and laboratory tests

 The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

 For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

 Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

 No drilling was carried out as part of the survey;

therefore no assay samples were collected.

 Geophysical surveys were carried out by experienced industry contractors (see above) and are of acceptable quality.

Verification of sampling and assaying

 The verification of significant intersections by either independent or alternative company personnel.

 The use of twinned holes.

 Documentation of primary data, data entry procedures, data verification, data storage

(physical and electronic) protocols.

 Discuss any adjustment to assay data.

 No drilling was carried out as part of the survey;

therefore no sample verification was required.

Location of data points

 Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

 Specification of the grid system used.

 Quality and adequacy of topographic control.

 Locations were recorded by GPS with positional accuracy of approximately +/- 5 metres.

 Location data was collected in WGS 84, UTM zone

30N or 31N.

Data spacing and distribution

 Data spacing for reporting of Exploration Results.

 Whether the data spacing and distribution is sufficient to establish the degree of geological

and grade continuity appropriate for the Mineral

Resource and Ore Reserve estimation procedure(s) and classifications applied.

 Whether sample compositing has been applied.

 The survey area contains 2 grids: Namagdo (UTM zone 30N) and Banouassi (UTM zone 31N). Both grids are orientated along a 60 degree base line. The survey lines are orientated at 150 degrees. Lines are spaced at 100m. Stations are spaced at

25m intervals along each line

 There was no sample compositing.

Orientation of data in relation to geological structure

 Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

 If the relationship between the drilling orientation and the orientation of key mineralised structures

is considered to have introduced a sampling bias, this should be assessed and reported if material.

 Survey lines were orientated at approximately 90 degrees to the general strike direction.

Sample security

 The measures taken to ensure sample security.

 No drilling or sample recovery was carried out as part of the survey.

 Geophysical data was collected by the contractor, who delivered a final report and images.

Audits or reviews

 The results of any audits or reviews of sampling techniques and data.

 There has been no external audit or review of the geophysical data

Criteria

JORC Code explanation

Explanation

Mineral tenement and land tenure status

 Type, reference name/number, location and ownership including agreements or material

issues with third parties such as joint ventures, partnerships, overriding royalties, native title

interests, historical sites, wilderness or national park and environmental settings.

 The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

 The ground geophysical surveys were carried out over the Korongou permit. Golden Rim is in an agreement to acquire 90% of the Project.

 Tenure is in good standing.

Exploration done by other parties

 Acknowledgment and appraisal of exploration by other parties.

 The area that is presently covered by the Korongou permit has undergone some previous mineral exploration.

Geology

 Deposit type, geological setting and style of mineralisation.

 The Korongou Project covers part of a highly prospective Lower Proterozoic Birimian,

Samira Hill Greenstone belt and is traversed by

a significant NE-trending fault splay which is connected to the major Markoye Fault system. This fault system controls a number of major gold deposits in Burkina Faso, including Kiaka (5.9 Moz), Bomboré (5.2 Moz) and Essakan (6.2 Moz).

 The mineralisation lies in a package of highly altered volcanic and volcaniclastic host rocks and is associated with a major gold-in-soil anomaly and a prominent dilatational structural jog along a regional NE-trending shear zone.

Drill hole

Information

 A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

o easting and northing of the drill hole collar elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar

o dip and azimuth of the hole

o down hole length and interception depth

o hole length.

 If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

 No drilling was carried out as part of the survey.

Data aggregation methods

 In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.

 Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

 The assumptions used for any reporting of metal equivalent values should be clearly stated.

 No drilling was carried out as part of the survey, therefore no data aggregation was required.

Relationship between mineralisation widths and intercept lengths

 These relationships are particularly important in the reporting of Exploration Results.

 If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

 If it is not known and only the down hole lengths are reported, there should be a clear statement

to this effect (eg 'down hole length, true width not known').

 No drilling was carried out as part of the survey.

Diagrams

 Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

 Maps are provided in the main text.

Balanced reporting

 Where comprehensive reporting of all Exploration

Results is not practicable, representative

reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

 All results of significance have been included in this report.

Other substantive

 Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical

 No significant exploration data has been omitted.

exploration data

survey results; geochemical survey results; bulk samples - size and method of treatment;

metallurgical test results; bulk density, groundwater, geotechnical and rock

characteristics; potential deleterious or

contaminating substances.

Further work

 The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

 Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

 RC drilling and auger drilling will be used to test the geophysical anomalies for economic gold mineralisation.

 Further work will be dependent on the results from this work.