Very fresh and honest interview with Mark Gasson. The drilling...

Very fresh and honest interview with Mark Gasson. The drilling at Douze Match and Tango is a new chapter for the company so fingers crossed. The BIF's and granite/contact shears offer various styles of possible gold mineralisation and this time it appears they are drilling them in the right direction for the high grade intercepts. The "meaty" parts of the gold soil anomalies at Douze Match and Tango look a little small to me to uncover a large deposit. We will have to wait and see.

I'm looking forward to the holes that they will orientate "in the right direction" for the high grades zones at Kebigada. It seemed pretty obvious to anyone looking that they got their orientation wrong on the first passes over that anomaly for the high grades, although with a combination of styles of mineralisation (high and lower grade) it is difficult to pick the most effective drill pattern sometimes, particularly when the project is at an early stage.

"Our field geologists are also doing detailed logging of the diamond core from Kebigada to better understand the dominant mineralised orientations. High grade mineralisation appears to be associated with a roughly west-east orientation. A number of RC holes will be planned to intersect this orientation which is oblique to our current drill direction and will hopefully improve the grade at Kebigada"

Also Mark discloses some information that is new to me.

"Previous explorer, Barrick Gold, also flew an airborne magnetic and radiometric survey over most of the Giro Project area in which they identified a 30km structural corridor which transgressed both tenements. Many of the Belgian mined areas and artisanal workings were within this corridor which was prioritized during subsequent soil sampling programmes. The result of this was the identification of 3 areas of gold anomalism at Adoku, Giro/Peteku and Douze Match/Mangote."

Also the bar we are aiming for in terms of Resource is set very high. Unfortunately in Africa you need a good deposit to "make" a company.

"Our view is that given the project location in North East Democratic Republic of Congo, a successful mining operation at the Giro Project would require scale in the order of 3-5Moz at a grade of 2.5-3g/t Au. The proximity of the Giro Project to Randgold Resources’ 17-million ounce Kibali group of deposits, lying within 30km of Giro, provides encouragement for the view that other large gold deposits could be discovered in the proximate area."

My opinion is that they might struggle to get this type of resource but I'm happy to leave a little of my money here just in case they pull the rabbit out of the hat. The "new orientation" follow up drilling at Kebigada will be key to getting started on build a decent resource IMO.

Eshmun