Maréla Gold Project, Faranah Province

The Maréla gold project is located 80 km southeast of the regional centre of Mamou in south central Guinea on the border with Sierra Leone.  The concession area, totaling 736 sq. km., is underlain by northwest-trending Archean greenstone belts in its northern and central parts with granite predominating in the south.  The area has been the site of extensive alluvial gold mining, largely within the greenstone terrain, but has seen very limited modern exploration.

Historic work at Maréla, carried out by Chinese and Russian groups in the 1980’s and 1990’s, has identified a number of alluvial gold prospects within the concession.  The Russian group, International Economic Development Company (SIDE), dug 220 sample pits and drilled 779 shallow holes in 1995-96 and defined a non-compliant, historic resource of 1638 kg gold (52,000 ounces), contained within several alluvial deposits at Maréla.  Extensive artisanal mining of alluvial gold is continuing to be carried out along the Mongo River within the concession area.

While most historic work at Maréla has focused on alluvial gold mineralization, primary showings in bedrock have also been identified at a number of sites.  These prospects, typically gold -bearing quartz veins in greenstone and gold associated with sulphide-bearing, sheared and silicified amphibolites, have seen only limited exploration.

The SMG program at Maréla has included concession-wide stream sediment sampling which has identified a number of strong anomalies with gold values up to 12.7 ppm.  Sampling of the Point 36 bedrock prospect returned values ranging from 1.3 to 19.8 gpt gold.  Mapping, sampling and trenching programs, designed to systematically evaluate known mineralization and identify new targets are being carried out in 2012.