PROJECT FOCUS - FAST GOLD_proof 25/05/2016 07:18 Page 4
PROJECT FOCUS
to north-northwest and exploration work
completed by Alecto identified numerous highgrade gold targets coincident with this change of
the MTZ.
With numerous gold occurrences having
already been identified by Alecto, Randgold is
proposing to return to first principles in the
Phase 1 work program. This will include the
completion of geological and regolith mapping,
soil geochemistry, follow-up pitting and
trenching, and detailed ground magnetic surveys,
in order to more fully understand how these
occurrences link up and to identify further
targets. If results justify it, reconnaissance
drilling will follow with either diamond core or RC
drilling. It is expected that this work could be
completed in the first 12 months of the Joint
Venture at a cost of some $1 million. The Phase 2
work program will focus on completion of works
to produce a PFS, with Phase 3 focused on
undertaking works to enable the completion