The Company, through its wholly owned subsidiary, African Star Resources Incorporated, acquired its interest in the Douta Project, pursuant to an option agreement dated May 27, 2011 and has since embarked on an aggressive comprehensive exploration program.
This has included:
a) Remote sensing survey
b) Ground geophysics survey of the Makosa anomaly
The company has excavated seven trenches oriented across strike to represent the 3km strike length of the Makosa soil anomaly. These have been mapped and sampled. The highlights of the Trench assay results were announced in the Company's news release dated November 23, 2011.
The permit also includes new artisanal workings and numerous untested targets.The Company has also completed an initial scout RAB drilling program on the Douta Project during Q1 2012 and a diamond drill program in Q2 and Q3 2012.
A qualified person3
has not been able to verify the information about nearby resources estimates, and these are not necessarily indicative of potential quantities or grades of mineralization on the Company's own properties.
(1) 3.2 Moz for Randgold Resources' Massawa Deposit resources includes Measured (Nil) and Indicated resources (37.33 Mt @ 2.65g/t = 3.18 Moz). Excludes Inferred resources (3.36 Mt @ 3.92g/t = 0.42 Moz). December 2011. Information as per Randgold's annual mineral resource and reserve declaration published as part of Randgold's 2011 annual report and as per Randgold's news release dated March 30, 2012. Please refer to Randgold's news release dated March 30, 2012 for their assumptions used in the determination of their resources and information about their qualified persons.
(2) 0.3 Moz for Bassari Resources' Makabingui Gold Project resources includes Measured (Nil) and Indicated resources (2.7 Mt @ 3.8g/t = 328 Koz, 0.5 g/t cutoff). Excludes Inferred resources (3.4 Mt @ 1.6g/t = 175 Koz). February 2012. Information as per Bassari Resources's news release dated October 22, 2012 (September 2012 Quarterly Activity Report). Please refer to Bassari Resources's news release data October 11, 2012 and their website disclosures, for their assumptions used in the determination of their resources and information about their qualified persons.
(3) The Company's qualified person having reviewed the technical information presented in this website page is Mr Brian Montpellier, P.Eng., an independent consultant to the Company. Mr. Montpellier, has over 30 years of experience in the mining industry. He is a member of the Association of Professional Engineers of British Columbia and a Fellow of the South African Institute of Mining and Metals and is a Qualified Person for the purposes of NI 43-101.