TSX:V.ANK CDN $ 0.375

GoldUSD 1,229.00

Banlung North

Most of the license area has been the subject of an aeromagnetic survey. All of it has been covered by satellite imagery geological interpretation, with reconnaissance field truth mapping and multi-element stream sediment geochemical survey, taking samples from catchments of roughly 1km2 extent. These efforts highlighted several areas as specific targets for further more intensive work. On 2 separate locations, a ‘C’ zone augered geochemical survey was undertaken, coupled with detailed geological mapping. On Katieng (989 samples) prospect, this covered an area of 1km2, sampling at 20m centres along lines at 100m intervals, both north-south and east-west. On Kunmum the geochemical soil survey (2019 samples) was run over an area of 2.4km x 1.6km, sampling at 20m centres along lines at 200m intervals, both north-south and east-west.. In both prospects, several anomalies were encountered. At Kunmum, follow-up was by way of a termite mound geochemical survey (7495 samples) over an area of 14 km2, taking samples from all termite mounds within 20m corridors spaced 200m apart, both north-south and east-west, and a reflected light spectroscopic survey of clay alteration has been done. At Katieng west, where considerable artisanal workings have followed several narrow epithermal quartz veins, extensive trenching was done. Diamond drilling in 2 separate phases at Katieng totalled 1564m in 12 holes. The Katieng prospect has now been linked genetically with the Okalla prospect of Banlung tenement, and detailed mapping and a reconnaissance termite mound sampling program has covered virtually all the ground between these two targets.