Gold in Central African Republic

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Geology

Birimian greenstone belts host the known structurally controlled mineralization.

• Artisanal mining in the Bandas greenstone belt

• Artisanal mining in the Bogoin-Boali greenstone belt

• AXMIN Inc (Canadian, TSXv:AXM) drilling has indicated 18, 62 million tonnes grading 2,6 g/t Au in six zones in the Bambari-Passendro project area. In April, 2006 resource estimate from the Passendro Gold Project along the 140 km Bambari-Bakala permits exceeded 2.5 million oz in all resource categories and in May, 2006 the Board approved the initiation of a definitive feasibility study targeting 200,000 oz per annum development following postivie pre-feasibility study results.
  

• Pan African Resources plc (AIM:PAF) (Metorex, JSE:MTX) is engaged in early stage explorationon on their Bogoin and Dekoa projects. It is a joint venture arrangement with CARGold in which Pan African Resources holds 50% and manages the exploration project.