OBUASI

The extension to the main Obuasi shear has been defined on surface and within adits. Results have returned anomalous gold values from 0.1g/t to 0.7g/t with widths up to 10 metres. Work is currently focusing on three dimensional modelling of the data. The outcome of the work will determine whether progress to the next phase of deep reconnaisance drilling will be made.

The Phase I exploration work on the Adansi Asaasi joint venture was completed. A totalof 5,409 soil samples have been collected over the entire permit on a 400 metre x 100 metre grid together with regional geological and regolith mapping. Approximately 50% of the results have been received.

Soil sampling, field mapping and adit identification have been completed on 37% of the permit area. Progress has been made on the Adansi Asaasi joint venture with the collection of 2,398 soil samples, field mapping and adit identification completed on the potential north eastern extensions to the Obuasi structural corridor. The first 500 soil results have been returned and indicate anomalous values up to 2.3g/t associated with the contact between Birrimian sediments and metavolcanics.