About Giro

 

The Giro Project is located 35km west of Randgold / Anglo Ashanti’s producing 16Moz Kibali Mine. As further evidence of the significant of this favourable mining environment, Randgold recently signed a JV agreement for the Moku Licence, which borders Giro to the East.

Figure 1: Giro project location near the Kibali gold mine and Moku project in north-east Democratic Republic of Congo.

In 2017, Amani announced its Maiden Mineral Resource for the Kebigada Prospect, located in the south of the Giro Gold Project, where the Company holds a 55.25% interest in two Exploration Permits covering 497km2 in the Moto Greenstone Belt in North East DRC, in Central Africa.

Table 1: Kebigada Total Mineral Resource Grade Tonnage Table, 18 August 2017

Amani will undertake a 30,000m RC and DD drilling programme at Kebigada over the main block of high-grade mineralisation, which will commence as soon as access preparations have been completed. It is projected that the programme will be completed in H1 2018.

Drilling will cover an area of 650m x 250m where it is anticipated that the current Indicated and Inferred Mineral Resources will be converted to the Measured category in preparation for future feasibility studies and assessment of early mining scenarios.

Additional drilling programmes will also be conducted at Adoku (to the south) and the immediate surrounding area of Kebigada, where high-grade soil anomalies are being followed up to delineate potential satellite resources which could add materially to the Kebigada Mineral Resource.

In the interim, Amani has commenced a 3,600m RC drilling programme at the Douze Match Prospect, located in the North West of Giro, where previous exploration has reported exceptional high grades. The current Douze Match drilling programme demonstrates significant potential to define a high grade resource which could easily be trucked to any future mining operation at Giro and would have a positive impact on the grade at Kebigada.

All of the Giro Project targets are located along a north west trending corridor as detailed below.

Figure 2: Tenement map showing soil anomalies and exploration targets within the mineralised corridor at Giro.