|Regional Exploration||| Print ||
The Company’s exploration program is designed to provide a “pipe-line” of projects at various stages of investigation that will meet the Company’s strategic objective of increasing its gold production output to 90,000 ounces per annum, or more.
Exploration activities have been concentrated on prospects considered to have the best short-term potential for economic development. The Company’s strategy is to adopt an approach which focuses on the highest probabilities of discovery in the three main areas of activity, being (1) the Lomshiyo Valley containing the Lily Mine and Barbrook Mines Complex, (2) the Sheba Hills, containing the Bonanza Project and (3) the Jamestown Schist Belt containing the Worcester Project.
During 2012, consultants ASVI Technical Services Group (“ASVI”) were commissioned to analyse the large data base of regional exploration information (geological, geochemical and geophysical) within the context of the results of the airborne survey. In addition to providing an improved structural geological map of the goldfield, ASVI’s report included details of a large number of prioritised targets for follow-up exploration. A field exploration program consisting of ground-based geophysical and geochemical surveys within the Company’s Prospecting Rights, concentrated initially on anomalies identified by ASVI in the Sheba Hills and Jamestown Schist Belt areas.