TSX:V.ANK CDN $ 0.30

Oyadao South

The entire license area has been the subject of an aeromagnetic and airborne radiometric survey, satellite imagery geological interpretation, with reconnaissance field truth mapping and multi-element stream sediment geochemical survey, taking samples from catchments of roughly 1km2 extents and analyzed for a broad spectrum of elements by ICP-MS and SFA by ALS-Chemex.. These efforts highlighted several areas as specific targets for further more intensive work. The most obvious target was the area of intensive artisanal mining of Phum Syarung in the central north of the tenement, where literally dozens of mostly Vietnamese illegals were grubbing in the narrow veins for gold. A survey of the workings was undertaken in conjunction with an augered ‘C’ zone soil geochemical survey of 1,474 samples covering an area of 1.2km2, which suggested 3 parallel zones of interest striking roughly north-south, over a strike length of perhaps 700m. Diamond drilling 1,991m in 19 holes showed 2 potentially economic gold-bearing veins (#8 and #13) with 1.20g/t Au, 4.20g/t Ag, 0.09% Cu, 2.67% Pb, 0.75% Zn over 2.0m and 6.27g/t Au, 4.07g/t Ag, 0.14% Cu, 0.60% Pb, 0.59% Zn over 4.0m respectively. On the basis of this Phum Syarung project was sold to Mesco Gold in late 2012.

The stream sediment survey of 2009 showed a mildly anomalous area in the east, Phum Lomh, and a hugely anomalous area in the south, Dokyong. Phum Lomh showed some promise from reconnaissance mapping, including a microstockwork of quartz veinlets in silicified acid pyroclastics, but attention was focused on Dokyong; and this latter was subjected to detailed geological mapping and a rock chip geochemical survey. This confirmed the stream sediment results and indicated abundant quartz flooding in the area. A follow-up augered ‘C’ zone soil geochemical survey in the Dokyong area, involving 2,505 samples in a 4.6km2 area produced 5 clear targets. These were tested by 5 short scout holes, totalling 617m which confirmed strong silica flooding an epithermal origin, possibly related to porphyry style mineralization.

The geochemical anomalism at Dokyong is closely tied to fracturing which align perfectly with the fractures of Phum Syarung, some 10km to the north. Accordingly, 990 termite mound samples from 1.0 km2 were collected in Phum Lomh area, and 11,460 samples from 18.4 km2 along the fracture corridor between Dokyong and Phum Syarung. This latter program revealed 5 new prospects, including an ovoid volcanic vent, Otray, picked out by a hollow ’doughnut’ of anomalous copper surrounding a core of anomalous gold. At Otray, Cassava and Blue Lizard prospects this success was reinforced by very detailed geological mapping and reflected infrared spectroscopy to map clay alteration patterns. Pilot geophysical work including Spontaneous Potential (SP), Radiometrics (gamma ray), Ground Magnetic (GMS), Very Low Frequency Electromagnetic (VLF-EM) and Resistivity (VLF-R) surveys were run on the Blue Lizard prospect, coupled with some trenching; then, to raise money for continuing exploration, that project was sold to Mesco as a logical addendum to their Phum Syarung prospect.