Douta Project History
1) Randgold: 2003- 2007
The permit was acquired as part of RandGold’s initial Kounemba Permit in 2003 who carried out a soil geochemistry and trenching exploration program. Regional soil sampling conducted by RandGold highlighted a number of anomalous values throughout their permit area. Some of these are positioned within the area that is now the Douta permit area.
In 2007 the permit area was relinquished from RandGold’s Kounemba Permit which hosts the Massawa Deposit. This was relinquished in line with the Senagalese Mining Act of 2003. In 2008 Massawa was announced by Randgold as a ‘Significant new gold discovery’.
A qualified person3 has not been able to verify the information about soil geochemistry and these are not necessarily indicative of potential quantities or grades of mineralization on the Company’s own properties.
2) International Mining Company SARL (“IMC”): 2009 - 2011
MC acquired the relinquished area in 2009- now known as the Douta Permit.
IMC conducted its own geochemical soil sampling program over the area at a greater resolution than the regional work completed by RandGold and covered the majority of the licence area.
Approximately 4000 samples from the geochemical anomaly were analysed, and identified:
The Makosa Anomaly - 3.5km in length and is based on a 30ppb contour of soil sampling data; and
Central and Northern targets - generally sporadic and less continuous and requires further investigation
Regional soil sampling conducted by RandGold highlighted a number of anomalous values throughout their permit area. Some of these are positioned within the area that is now the Douta permit area.
The Company, through its wholly owned subsidiary, African Star Resources Incorporated, acquired its interest in the Douta Project, pursuant to an option agreement dated May 27, 2011 and has since embarked on an aggressive comprehensive exploration program.
This has included:
- Remote sensing survey
- Ground geophysics survey of the Makosa anomaly
- Trenching
The company has excavated seven trenches oriented across strike to represent the 3km strike length of the Makosa soil anomaly. These have been mapped and sampled. The highlights of the Trench assay results were announced in the Company’s news release dated November 23, 2011.
The permit also includes new artisanal workings and numerous untested targets.The Company has also completed an initial scout RAB drilling program on the Douta Project during Q1 2012 and a diamond drill program in Q2 and Q3 2012.
A qualified person3 has not been able to verify the information about nearby resources estimates, and these are not necessarily indicative of potential quantities or grades of mineralization on the Company’s own properties.
The Douta Gold Project is a gold exploration permit that covers an area of 103 km2 and is located within the Kéniéba inlier, eastern Senegal. The permit is an elongate polygon with dimensions of approximately 32km by 3.3km, trending northeast with an area of 103 km2.
