March 31, 2004 The company budgeted $1.0 million of work on the 766 square kilometer Akropong trend properties located approximately 20 kilometers west of Bogoso/Prestea. The work program includes (i) RC drilling of a 1.2 kilometer long zone of mineralization at Pampe, and (ii) RAB drilling.
In 2002, exploration activities on the projects involved regional stream sampling over the entire concession area. Anomalies were prioritized and follow-up soil geochemistry programs were planned.
In 2001, exploration activities on the Akropong projects concentrated on Flagbase, Pampe and Amenfi. Exploration activities for 2001 included regional mapping, soil geochemistry and sampling of old mine workings. Exploration work for 2002 will involve soil geochemistry surveys, mechanized trenching and initial RAB drilling. Testing positive deep auger anomalies and up dip extensions of mineralization intersected in previous diamond drill holes and a preliminary RAB drilling program will be initiated along the Pampe South anomaly. Manual trenching and additional mapping has been budgeted for the Flagbase concession to determine the attitude and controls of gold mineralization. The additional information collected at Flagbase will be used to plan initial RAB drilling at Flagbase in 2003. Follow up soil geochemistry will be conducted at Amenfi to delineate the source of the alluvial gold defined by the 2001 stream sampling program. Further regional stream sampling has been planned to cover the entire Akropong concession holdings.