proactive investors today - very nice piece ;), page-68

Hey Mayasz
As a few contributors have alluded to, Ntiola most likely will not be as concentrated in Oz per tonne, however over the 4km 1-2 km area it may be as resource rich! Fingers crossed (Basically the same fault line as Morila) We could be looking at a Multimillion oz resource at lower Grades over all?
However it is the prime focus to delineate the 4km by 2km area that is Ntiola. “Infill and step drilling is planned for part of the first work plan”
Bia, Kona, Kokoun Mineralised trends within the larger Massigui prospect means BGS Has multiple prospects within access of Morilla!
Mining lease won’t be hard due to associated contacts within government activities, with AngloGold CEO Nominated as a member of the Presidential Committee for Investment.
Randgold is “bulletproof down to $800? an ounce, thanks to extremely productive open-pit mines in Africa, where mining is more a matter of scraping ore out of the ground than sinking shafts deep into the earth.

http://www.asx.com.au/asxpdf/20121023/pdf/429l820g24zf1k.pdf
Morila pit to mine Engineering study
http://econgeol.geoscienceworld.org/content/106/5/727.abstract

Geology of morila

Up to 60% of the gold is free and can be recovered by gravity (Cheap to process) The total resource in 2001 was estimated to be just over 185 t (5.6 Moz) of contained gold, comprising 1 Mt @ 6.7 g/t Au as free digging oxide ore, followed by sulphide ore averaging 4.35 g/t Au, together comprising a resource of 33.5 Mt @ 5.5 g/t Au.
The shallowly NE plunging ore body, which is over 850 m long, has been subjected to polyphase deformation, including folding, shearing, thrusting and normal faulting, with NW, NE and east-west trends.

http://www.portergeo.com.au/database/mineinfo.asp?mineid=mn033

Ashanti study
http://www.anglogold.com/subwebs/informationforinvestors/reporttosociety04/regions/pdf/Morila.pdf

“Our CEO Bobby Godsell was in February 2004 Nominated as a member of the Presidential Committee for Investment. This committee advises the President on attracting investment and Developments in the country. The proposal made by AngloGold. Ashanti to the Infrastructure group (Gold Road and Energy for Gold) On further developing Mali’s gold industry has been retained as Projects to be implemented.”

Grade Control

Dilution may be subdivided into two components, namely “internal dilution” and “external dilution”. Internal Dilution is the waste material within the ore body that cannot be physically extracted from the ore due to Mining constraints. It is typically not quantified but included in the ore grade estimates. External dilution is Top size = 190 mm11. Related to the material outside of the in-situ, pre-blast ore block boundaries, which is not included in the ore Grade estimates. Typically this can be tracked by reconciling truck counts and average truck tonnage factors To the in-situ ore block tonnes. Mine planning budgets, as per the LOM plan allow for 10% “mining dilution”
And a 5% “ore loss” during the mining process.
Dilution and ore loss is estimated to be within these Parameters to date. The estimation of long-term dilution has been complicated by the very high grades. Programme and bearing in mind that the MCF is in part a measure of ore body dilution, amongst other Variables, but also includes less objective factors for example interpretation of the ore body model. The MCF (Grade control vs. metallurgical plant check out) for the 2003 year with reference to tonnes, grade and Ounces is 102%, 96% and 98% respectively. In other words with the MCF based on ounces at 98% the Process plant “saw” 2% less gold than that predicted by the ore body model; a reasonably good correlation.

http://www.spliteng.com/downloads/Pit%202%20Plant%20-%20P.L.Gillot.pdf