Gold in Senegal

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Geology

Birimian-age volcanics and sediments in eastern Senegal, crossed by two prominent shear systems, host the gold mineralization.

• Oromin Explorations Ltd's (Canadian, OLE.V) exploration program is currently focused on three priority areas, Golouma, Niakafiri South and Masato.

• Randgold Resources(Nasdaq:GOLD; LSE:RRS) has 15 targets for drilling and is modelling the advanced targets of Bambaraya, Sofia and Delya for further diamond drilling.

• Mineral Deposits Limited (Australian), at its Sabodala deposit and satellite Niakafiri deposit, has outlined an initial measured and indicated resource of 8,22 million t grading 2,9 g/t Au, plus an inferred resource of 4,36 million t at 2,5 g/t Au. An initial study on the Sabodala gold project has indicated mineable reserves of over one-million oz to a vertical depth of 210 m based on a 1,2 g/t cut-off. Between a cut-off of 1 g/t to 1,2 g/t, some 2,5-million tons will be stockpiled and probably treated in the final year of operations. Plant throughput of two-million tons a year will produce an average of 150 000 oz a year over the mine life.

• AXMIN Inc.(TSXv:AXM) who recently announced that Harmony Gold Mining Company (NYSE:HMY; JSE:HAR) will fund at least US$4 million of exploration at three of its permits in Senegal, will use the funds to further explore a large number of gold targets identified at its Sonkounkou, Sabodala NW, and Heremakono permits.

• IAMGOLD Corporation (TSX:IMG; NYSE:IAG) is doing detailed geological and geophysical surveys on their remaining concessions to learn more about the geological controls affecting the mineralization identified to date.