The document discusses the Toroparu Gold-Copper Project located in Western Guyana. It highlights that the project has over 4 million ounces of gold equivalent in measured and indicated resources as well as over 5 million ounces in inferred resources. A preliminary economic assessment indicated the project could have a net present value of $854 million. The company has $39 million in cash and a market capitalization of $335 million. It also notes that the company has established mining and exploration infrastructure in Guyana from over a decade of operating history in the country.
Greenhithe Planning Submission Now Complete!
We are very excited to announce that our final Planning Submission has been made to Dartford Local Council. Further details are available in the Greenhithe planning update but this is the culmination of extensive work done in preparation of the application and represents the most important step in the planning process to date.
The local council will now follow its due process which should take us into early January and, whilst we have formally completed our involvement, we will continue to make representations wherever possible to ensure as swift a process as possible.
Greenhithe Planning Submission Now Complete!
We are very excited to announce that our final Planning Submission has been made to Dartford Local Council. Further details are available in the Greenhithe planning update but this is the culmination of extensive work done in preparation of the application and represents the most important step in the planning process to date.
The local council will now follow its due process which should take us into early January and, whilst we have formally completed our involvement, we will continue to make representations wherever possible to ensure as swift a process as possible.
Completes Acquisition of the Cachoeira Project from Luna Gold Corp. and Reports NI 43-101 Resource Estimate
VANCOUVER , Sept. 25, 2012 /CNW/ - Brazil Resources Inc. (the "Company" or " Brazil Resources") (BRI.V) (BRIZF) is pleased to announce that, further to its news release dated July 11, 2012 , the Company has completed the acquisition of a 100% interest of the Cachoeira gold project (the "Cachoeira Project"), located in Pará State, Brazil , from Luna Gold Corp. ("Luna"). The transaction was completed under the terms of the previously announced share purchase agreement dated July 10, 2012 between Brazil Resources and Luna (the "Agreement"), pursuant to which Brazil Resources has acquired all of the issued and outstanding shares of Luna Gold (International) Corp., a wholly-owned subsidiary of Luna, which owns an indirect 100% interest in the Cachoeira Project.
Crazy Horse Resources is a Vancouver based mineral exploration company, that is focused on developing the Taysan Copper-Gold Porphyry Project, in Batangas Province, Philippines. The Taysan Project is an advanced copper-gold porphyry deposit.
MBMI Resources Inc. is a Canadian-based mining company focused on the exploration and development of nickel mineral properties in the Philippines. MBMI and its partners control nine nickel laterite projects in the Philippines, covering an area greater than 22,000 hectares. MBMI’s objective is to become a major supplier of high-grade nickel material to primary industrial consumers in Asia.
Completes Acquisition of the Cachoeira Project from Luna Gold Corp. and Reports NI 43-101 Resource Estimate
VANCOUVER , Sept. 25, 2012 /CNW/ - Brazil Resources Inc. (the "Company" or " Brazil Resources") (BRI.V) (BRIZF) is pleased to announce that, further to its news release dated July 11, 2012 , the Company has completed the acquisition of a 100% interest of the Cachoeira gold project (the "Cachoeira Project"), located in Pará State, Brazil , from Luna Gold Corp. ("Luna"). The transaction was completed under the terms of the previously announced share purchase agreement dated July 10, 2012 between Brazil Resources and Luna (the "Agreement"), pursuant to which Brazil Resources has acquired all of the issued and outstanding shares of Luna Gold (International) Corp., a wholly-owned subsidiary of Luna, which owns an indirect 100% interest in the Cachoeira Project.
Crazy Horse Resources is a Vancouver based mineral exploration company, that is focused on developing the Taysan Copper-Gold Porphyry Project, in Batangas Province, Philippines. The Taysan Project is an advanced copper-gold porphyry deposit.
MBMI Resources Inc. is a Canadian-based mining company focused on the exploration and development of nickel mineral properties in the Philippines. MBMI and its partners control nine nickel laterite projects in the Philippines, covering an area greater than 22,000 hectares. MBMI’s objective is to become a major supplier of high-grade nickel material to primary industrial consumers in Asia.
Objective Capital's Africa Resources Investment Congress 2011
Ironmongers' Hall, City of London
14-15 June 2011
Day 1: Africa Resources
Speaker: Simon Village, Banro Corporation
1. Toroparu Gold‐Copper Project
Cuyuni ‐ Mazaruni Region
SSP: TSX-V Western Guyana
SSPXF: OTC (US)
SRX: MU, BE, F (Germany)
(WKN A0YF1M) April 2011
2. Forward - Looking Statements
Cautionary Note Regarding Forward-Looking Information: Except for statements of historical fact relating to Sandspring Resources Ltd.,
(the “Company” or “Sandspring”), certain information contained in this presentation constitutes “forward-looking information” under
Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the potential of the
Company’s properties; the future price of gold; success of exploration activities; costs and timing of future exploration and development; the
estimation of mineral resources; conclusions of economic evaluations; requirements for additional capital; and other statements relating to
the financial and business prospects of the Company. Generally, forward-looking information can be identified by the use of forward-looking
terminology such as “plans,” “expects,” or “does not expect,” “is expected”, “budget,” “scheduled,” “estimates,” “forecasts,” “intends,”
“anticipates,” or “does not anticipate,” “believes,” or variations of such words and phrases. Forward-looking information is based on the
reasonable assumptions, estimates, analysis and opinions of the management of the Company made in light of its experience and its
perception of trends, current conditions and expected developments, as well as other factors that the management of the Company believes
to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is inherently
subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or
achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but
not limited to risks related to: the Company’s goal of creating shareholder value by concentrating on the development of the Toroparu Gold-
Copper Project, believing that it has the potential to contain economic gold deposits; the Company’s assessment of future plans for the
Upper Puruni property; managements’ economic outlook regarding future trends; the Company’s exploration budget for the Upper Puruni
property, and in particular, the availability of skilled labour, timing and the amount of the expected budget; the Company’s ability to meet its
working capital needs at the current level in the short term; expectations with respect to raising capital; sensitivity analysis on financial
instruments may vary from the amounts disclosed; and government regulation and environmental liability, as well as those risk factors
discussed or referred to in the Company’s continuous disclosure filings with the securities regulatory authorities in Canada available at
www.sedar.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from
those contained in forward-looking information, other factors could also cause materially different results. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information
contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational
performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to
update any forward-looking information, except in accordance with applicable securities laws.
Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: This annual information
form uses the terms “Measured”, “Indicated” and “Inferred” Resources. United States investors are advised that while such terms are
recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them.
“Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It
cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules,
estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are
cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves.
United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or
legally mineable.
2
3. Upper Puruni Concession & Toroparu Au-Cu Project
Cuyuni‐Mazaruni Region, Republic of Guyana
Investment Highlights
Republic of Guyana ‐ British Commonwealth
Country w/ established mining laws
Sandspring principals have an 11‐year operating
1,000 km2 Upper
history in Guyana through it’s subsidiary ETK Inc.1 Puruni Concession
ETK controls (100%) the 1,000 sq. km Upper Puruni
Concession (UPC) located in Cuyuni‐Mazaruni Region
of Western Guyana
Exploration in prolific greenstone belts of Eastern Venezuela &
Western Guyana (Pastora‐Batanamo & Barama‐Mazaruni)
4.34 M oz AuEq Measured & Indicated Resource & 5.53 M oz AuEq
Inferred Resource defined at Toroparu2
Positive preliminary economic assessment of Toroparu Resource
indicating US$854 M NPV 5% & 24.5% IRR reported March 22, 20113
Extensive regional exploration program of UPC under noted West‐
African greenstone geologist Werner Claessens ‐ March 2011
Permitting in process with environmental authorization under final
review by Guyana EPA
N
108 M shares issued (35% closely held), $39 M cash on hand
$335 M market cap at recent $3.10/share ($1.09‐$3‐75 trading range)
1 ETK Inc. acquired by Sandspring Resources Inc. through a reverse takeover in Nov 2009.
2 Measured & Indicated mineral resource of 3,513.6 M oz. Au & 329.6 M lbs. Cu (4,349.1 M ozs AuEq) & Inferred 0 250km
mineral resource of 4,928.7 M oz. Au & 235.6 M lbs. Cu (5,534.6 M oz. AuEq) reported in March 21, 2011 press release (Technical Report posting on www.sedar.com prior to May 6, 2011).
3 The preliminary economic assessment (the results of which were announced in March 22, 2011 press release) is preliminary in nature and includes inferred mineral resources that are considered too
speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary assessment will
be realized.
3
4. Established Mining and Exploration Infrastructure
Well Equipped for Regional Exploration
ETK Inc. 4 ETK Inc. established as
2
Toroparu Camp Guyana exploration
company by John Adams &
Rich Munson (Energy Fuels
Nuclear) in 2000
1 240 km road from
Essequibo River landing
(Itaballi) completed in 2003
100‐person camp and
airstrip completed in 2004
3
3,000 t/d saprolite mine
operated in 2005/2006
(16,800 ozs Au produced)
Insider group investment
+$20M prior to acquisition
N by Sandspring Nov 2009
0 100m
1. 100‐person camp 2. 2500’ Airstrip .
3. Historical saprolite pit (2004‐2006) 4. Historical alluvial/saprolite tailings.
4
5. Resource Growth through Exploration
Sandpring Well Equipped for Regional Exploration
Four rigs on‐site drilling 10,000 metres per
month
14 unit excavation and construction fleet
supporting drilling and regional exploration
campaigns
Established fuel and goods supply route
from Georgetown via Puruni Road to
Toroparu
Tidewater access at Itaballi to Guyana and
abroad
Daily air service to Toroparu available from
Ogle Airport, Georgetown
Establishment of on‐site sample preparation
facility by AcmeLabs
5
6. Toroparu - Expanding Gold Copper Resource
Resource contained in optimized pit at 0.24 g/t AuEq grade cut off
Optimization Assumptions
3.5 M oz. Au & 330 M lb. Cu Measured & Indicated and
Prices (2 yr. trailing avg.) 4.9 M oz. Au & 236 M lb. Cu Inferred Resources located in Optimized Pit Shell1
Au: $1,137/oz
Cu: $3.13/lb
AuEq: % Cu = 1.62 g/t Au
Recoveries and Payables
Au : 93% x 95%
Cu: 80% x 96%
Cu con T/C, R/C: $75 & $0.075 From (g/t Au) To (g/t Au) Ind
Cu con transport $133/wmt
Mining costs
$1.28 /t fresh bedrock
Tonnes Cu AuEq Au oz Cu lb AuEq oz
$0.87/t weathered saprolite Classification
(000’s)
Au (g/t)
(%) (g/t) (000’s) (millions) (000’s)
Processing and G&A Measured 29,656 0.88 0.14 1.11 841.7 89.6 1,062.6
Indicated 122,213 0.68 0.09 0.84 2,671.9 240.0 3,286.5
$8.16/t milled Measured & Indicated 151,869 0.72 0.10 0.89 3,513.6 329.6 4,349.1
Pit slopes Inferred 214,838 0.71 0.05 0.80 4,928.7 235.6 5,534.6
1 Optimized pit shell resources based on 127 deposit specific diamond drill holes (63,385 m) drilled from Dec
49o Fresh Rock & 38° SAP
2006‐Dec 2010 & pit optimization parameters effective on Feb 28, 2011 as further disclosed in the company’s
Mar 21, 2011 press release.
Notes and Disclaimer
Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by
environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues and are subject to the findings of a full feasibility study. The quantity and
grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated
or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category. The mineral
resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves, Definitions and Guidelines
prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council December 11, 2005.
6
7. Toroparu – Positive Preliminary Economic Assessment
Potentially Mineable Portion of Mineral Resource at 0.5 g/t AuEq grade cut off
Preliminary Economic Results1
Phase 3 17 Year Three Phase Mine Plan
3.35 M oz. AuEq M&I and 1.5 M Year 6‐13
oz. AuEq Inferred potentially Phase 2
Year 2‐11
mineable resource defined
Phase 1
$1.565 billion pre‐tax net cash Year 1‐4
flow over 17‐yr life of mine, $854
M NPV at 5% discount rate and
24.5% IRR
3.2 year payback of $617 M pre‐
production CapEx & $19 M annual
sustaining capital avg. over 17‐yr
life of mine
33,000 tonnes milled / day (3,000
Tonnes Au Cu AuEq Au oz Cu lb AuEq oz
tpd weathered saprolite for ~ 7 Potentially Mineable Resources1
(000’s) g/t % g/t (000’s) (millions) (000’s)
years + 30,000 tpd Fresh Bedrock Saprolite Measured & Indicated 2,688 0.90 0.06 1.00 78.0 3.3 86.4
for ~ 17 years) Saprolite Inferred* 4,016 0.98 0.05 1.07 126.5 4.5 138.1
Fresh Rock Measured & Indicated 88,817 0.91 0.13 1.14 2,593.9 249.3 3,255.3
310,000 ozs Au & 29 M lbs. Cu Fresh Rock Inferred* 44,733 0.80 0.09 0.95 1,146.3 84.1 1,366.3
avg. annual production during Total Measured & Indicated 91,505 0.91 0.13 1.14 2,671.9 252.6 3,353.8
Total Inferred* 48,749 0.81 0.08 0.96 1,272.8 88.6 1,504.6
payback & 273,000 ozs Au and 20
1) Preliminary economic results based on prices and optimization parameters effective on Feb 28, 2011 disclosed in the
M lbs. Cu avg. over 13‐yr open pit company’s Mar 22, 2011 press release * see Notes & Disclaimer for inferred Mineral Resources on Page 6.
2) Elevated 0.5 g/t AuEq cut-off strategy results in a 6.6 M tonnes weathered saprolite mining operation over 7 years,
mining operation2 140.25 M tonnes fresh bedrock open pit mining operation over 13 years, and 39 M tonnes low grade stockpile (avg. 0.31
g/t Au and 0.06% Cu) reclaimed and processed in years 14-17, after open pit operations cease, resulting in a 17-year life
$317/oz Au cash operating costs of mine.
3) The estimated tonnes and grade shown above are based on a 0.5 g/t Au equivalent mineable resource, 7% mine dilution
(net of Cu credit) during payback at a diluting grade of 0.20 g/t Au and 0.03% Cu, with 2.5% mining losses. The metal prices used in this estimate were a
February 28, 2011 two-year trailing average as follows: Au US$1,137/oz, Cu $3.13/lb, Au : Cu ratio using 93% Au recovery
and $442/oz Au averaged over 17 and 80% Cu recovery was 1.62 Cu to Au. Mining costs were $1.28 per tonne of Fresh rock and $0.87 per tonne of
Saprolite. Processing and G&A costs were $8.16/tonne. Pit optimization slopes were 49 degrees in Fresh Rock and 38
year life of mine degrees in Saprolite as disclosed in the company’s March 22, 2011 press release
7
8. Toroparu – Preliminary Economic Assessment
PEA Results and Sensitivities1
Economic Parameter Units PEA Base Assumptions1 Intermediate Current Price
Sensitivity Sensitivity3
Au ($/oz) 1,1372 1,187 (+50) 1,373 (+236)
Metal Prices
Cu ($/Lb) 3.132 3.38 (+0.25) 4.47 (+1.34)
HFO ($/bbl) 702 85 (+15) 100 (+30)
Fuel Prices
Diesel($/Lt)4 1.064 1.064 1.064
Pre-Production Capex ($) 617 M 679 M5 679 M5
Power Cost HFO ($/kWh) 0.116 0.137 0.159
Operating Cost ($/t milled) 13.78 14.23 14.71
Cash cost ($/Au oz) 442 463 486
0% 1,565 M 1,608 M 2,209 M
5% (base case) 854 M 867 M 1,259 M
NPV6 ($)
7% 667 M 674 M 1,009 M
10% 456 M 454 M 723 M
IRR6 % 24.5 23.3 30.3
Payback period Years 3.2 3.4 2.8
1 Derived on 17‐year life of mine (13‐year open pit + 4‐year stockpile processing).
2 PEA base assumption metal and HFO prices based on 24‐month trailing avg. prices to February 28th 2011.
3 Average prices for Feb 2011.
4 Recent diesel price delivered to Toroparu site.
5 Sensitivities include overall 16% increase in capital expenditures. ($617.1M ‐ $32 M = $585.1M x 1.1 6 = $679 M).
6 NPV and IRR are pre‐tax and royalty.
8
9. Toroparu Project Development Timeline
Estimated Development Timeline*
In‐fill resource drilling and optimization of current resource for feasibility (Q1‐Q4 2011)
Step‐out drilling along mineralized trend testing geochemical and geophysical targets in areas
of historical alluvial mining for possible extensions or satellite deposits (Q1‐Q4 2011)
Completion of NI 43‐101 compliant Preliminary Economic Assessment technical report (May 6
2011)
Receipt of environmental permit authorization from Guyana EPA (Q2 2011)
Initiation of NI 43‐101 compliant Feasibility Study (Q1 2012)
Completion of Feasibility & Large‐Scale Mining Permit (Q4 2012)
Initiation of Construction Financing (Q1 2013)
Initiation of Construction (Q2 2013)
Open pit bedrock production under Large‐scale Mining Permit (Q1 2015)
* All dates are internal estimates
9
10. Regional Exploration Potential
Guiana Shield Greenstone Belts Host Large Au‐Cu Deposits
Two sub‐parallel granite‐greenstone belts extending 2000km along the Atlantic Coast of the Guiana Shield were
evolved during the Paleoproterozoic from 2.25 – 2.00 Ga.
Rocks of the greenstone‐granite terranes of the prolific Pastora‐Batanamo belt in Venezuela are continuous with
those identified in Guyana
Guiana Shield Greenstone
Choco/Incredible Aurora – Sulphur Rose
Hosted Au Deposits* Las Cristinas/Brisas Toroparu
Omai
Pastora–Batanamo, Venezuela Nassau
Choco/ Incredible (10 M ozs) Gros Rosebel
Las Cristinas/Brisas (32 M ozs) Yaou
Barama‐Mazaruni, Guyana Dorlin
Aurora –Sulphur Rose (7 M ozs) Camp
Caiman
Toroparu (8 M ozs)
Omai (4 M ozs)
Armina‐Rosebel, Suriname
Gros Rosebel ( 14 M ozs)
Nassau (3 M ozs)
Paramaka‐Bonidor, French Guiana
Yaou‐Dorlin (1 M ozs)
Camp Caiman (3 M ozs) Salamangone
Amapari
Sera Lombarda‐Vila Nova, Brazil
Salamangone
Dardenne & Shobbenhaus, 2001
Amapari
* Gold resources shown are for global order-of-
magnitude comparison purposes only and do not
represent NI 43-101 classification categories.
10
11. Guiana Shield Greenstone Belts
Structural Relationship to Precambrian Roraima Sedimentary Basin
Large gold deposits in the
granite‐greenstone terranes
UPPER PURUNI CONCESSIONS
of Venezuela & Guyana are
spatially related to regional
faults in the vicinity of the
Roraima
Roraima Basin KM 88 Basin
MINING
DISTRICT
Venezuela
KM 88 mining district is 100 Suriname
air km SW of Toroparu
“Toroparu… host rock
lithologies closely resemble Guiana Shield Paleoproterozoic
those at the Brisas del Cuyuni Brazil Greenstone Belts
concession, a part of the
Kilometre 88 District”
11
12. Sandpring Exploration Potential
JERS Satellite Image: Sketch of Main Litho‐structural Linéaments
Fault/Shear Zones
Toroparu Au-Cu Resource Wynamu NNW Fault/Shear
Upper Puruni exploration
areas are marked by
conjugate sets of Fault /
Shear zones
Puruni WNW Fault/Shear
NW‐SE trending fault shears
(e.g. Puruni River) are
parallel to greenstone belt
orientations
N‐NW trending conjugate
faults include
Regional Putareng
Fault/Shear
Wynamu Fault/Shear Putareng Fault/Shear
NNW trending System
2011 Regional exploration
program to focus on
exploration of fault/shear
zones within property
boundary
Upper Puruni Concession
Boundary
12
13. Sandspring Exploration Potential
2008 Airborne Magnetic and Multi‐Channel Radiometrics Survey
Airborne Geophysics Airborne Reduced to Pole Residual Magnetic Intensity
Key
2008 Airborne Magnetic and Total Alluvial Gold Workings NNW Wynamu River
Count K, U, Th radiometric survey Fault / Shear Zone
Alluvial Diamonds
indicates Iron enrichment along Fault shear direction
major features defined on satellite
imagery
Toroparu Gold-Copper
Toroparu Gold‐Copper Resource Resource Area
occurs in area of low magnetic relief
between WNW Puruni River and WNW Regional Puruni River
NNW Wynamu Fault/Shear zones Fault/Shear Zone
Faulting and folding of Fe‐enriched
granitic intrusions and diverse
regional mineral associations (FeO,
Cu, Au, U) indicate potential for
IOCG type deposits
NNW Regional Putareng N
Regional Exploration program River Fault
commenced in March 2011 includes
geochemical sampling, geologic
mapping and ground geophysics of
prospective geologic features
Roraima basin
bounding faults in
0 10km granitoids
13
14. Toroparu Resource Expansion Potential
Granite – Greenstone Volcanic Hosted Gold Mineralization
Mineralization Surface Gradient Induced Polarization (IP) Survey
Economic Gold & Copper
mineralization has been defined
over 1600 m strike length in WNW
trending, sub‐vertically dipping vein
sets
Mineralization occurs along the
flanks of porphyritic granitoid
pluton hosted by a sequence of
alternating intermediate volcanics,
pyroclastics, and sediments
Gold is associated with sulphide
minerals disseminated in the
volcano‐sedimentary sequence and
in silica‐carbonate alteration
fracture fills
Gold‐Copper mineralization is
marked by a Au‐Cu‐Mo associations
Porphyritic granitic
Sulphide mineralogy includes pluton ‐ ‐ ‐
Pyrite, Chalcopyrite, Molybdenite,
Bornite, and Chalcocite
14
15. Toroparu Resource Expansion Potential
Hypothesized “Shear Hosted” Deposit Model
Hypothesized Shear Model on Toroparu Drill Intercepts
E‐W trends in the intensity of gold
and sulphide mineralization are
visible within the drilling results
(Red‐Yellow colors in figure)
Sinistral (left‐handed) displacement
is hypothesized at present
Suggested potential for series of en‐
echelon EW‐trending extensional
features
~ 60% of higher grade
mineralization is contained within
these areas
Evidence for N and S bounding
faults along strike is modeled in
several drill holes
15
16. Toroparu Area – Regional Exploration Program
Objective to explore for satellite deposits (March – September 2011)
Toroparu
Ameeba Hills
Additional drilling along
strike in SE direction
Complete surface
geochem survey grids W Manx
and N of Toroparu
deposit
Ameeba and Manx
Prospects
Complete surface
geochemical surveys
Generate initial drill
targets
Drill reconnaissance
fences and evaluate
SE Extension
0 2 km
16
17. Upper Puruni Concession – Regional Exploration Program
Upper Puruni Exploration Program (March 2011‐ September 2011)
Puruni River Fault/Shear Zone Puruni River Fault/Shear Exploration Grid
Combined geological mapping and
soil/saprolite sampling of 1000 x
100 m grids
Soil/Saprolite sampling at 250 m
spacing
Bush track & road‐side sampling
Foliated Granitic Intrusive &
Northeast Concession Exploration
Investigate anomolus magnetic
and radiometric features
Organise reconassaince field trips
(blue lines) for mapping and
sampling of soil, saprolite, and
rock outcrops throug
Apex of regional fold in
granatiods
Putareng iron ore formation
and surrounding area
Foliated Granite Intrusive Exploration
Along fault/shear corridors in Area
Northeastern concession area
0 5 10 km
17