GP,can you please provide CIG SHrs with the true state of CIGs interests in the Mansounia gold project.
From the CIG website Burey Gold Ltd has announced a resource on the Mansounia gold project in Guinea. At a 0.7g/t Au cut-off, the resource is 437,000 oz at 1.0g/t Au (67,000 oz indicated and 370,000 inferred). Burey will commence a delayed drilling program to follow up on open ended higher grade gold mineralisation. Burey can earn an interest in the project by completing a feasibility study with at least 200,000 oz gold reserves, at which time Caspians equity would reduce to 7% and Caspian would be entitled to a US$500,000 cash payment. Mansounia is located 2km south of the operating Kiniero gold mine.
There is now over one million ozs (jorc compliant) in the Mansounia gold project (refer BYR).
Wheres the compliance with timely updates GP?
$1500 x 1000000=X 7%= $105000000
Raider
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