Akaiwong Gold Project
The Akaiwong project is strategically located close to the
world class gold discovery by Guyana Goldfields (www.guygold.com) at
the Aurora Mine. Akaiwong has been drilled and results have identified areas of gold mineralization.
The Akaiwong property is located near the Aurora Mine which
is one of the largest past producing gold mines in Guyana. Recent drilling at the Aurora
Mine indicates the potential for a multi-million ounce gold deposit.
The Akaiwong property has more than $US one million in past
exploration expenditures by Homestake International. The Homestake
International drilling indicated that the mineral formation was quite
similar to the Omai mine located in Central Guyana. Omai is owned by
Cambior and operated at 20,000 tons per day from an insitu gold
resource of 42.9 million tons grading 1.4 grams per tonne gold. Over 13 years,
the Omai produced some 3.7 million ounces of gold.
A total of 32 holes have been drilled to date at Akaiwong by previous owners. Of these holes, twenty
were to a depth of less than 75 meters.
Akaiwong Drill Maps
Figure 1. Claim Map with Grid Location and Historical DDH |
Figure 2. Grid and Drill Hole Map with Priority Drilling Zones |
Drill Results for Homestake International (1989-1990) and Golden Star
Resources (1992) at Akaiwong Property
The historical drill results (1989, 1990 and 1992 exploration records indicate
assays were generally on a one meter interval basis prior to the commencement of the
2006 diamond drill program) are provided and reviewed by Dr. A. D. Drummond, P.Eng. a
Qualified Person as defined in National Policy 43-101. Several holes had assays from both
Loring, (denoted as L) and Acme Analytical Laboratories Ltd., (denoted as A).
All historic assays are shown with the hole averages and total depth highlighted in the
table below.
| Hole No. |
Total Depth(meters) |
Hole Av.(g/t Au) |
Remarks |
| AK89-01 |
50.5 |
0.15 |
0.30 g/t Au from 7 to 22 m. |
| AK89-02 |
60.45 |
0.28 |
0.71 g/t Au from 7 to 18 m. |
| AK89-03 |
52.05 |
0.03 |
----- |
| AK89-04 |
54.05 |
0.19 |
31 g/t Au from 48 to 49 m. |
| AK89-05 |
34.85 |
1.13 |
3.40 g/t Au from 4 to 11 m. |
| AK89-06 |
40.85 |
1.31 (L)
1.17 (A)
|
40.24 g/t Au from 2 to 3 m. and 40.21 g/t Au from 2 to 3 m. |
| AK89-07 |
61.45 |
0.56 |
Even distribution. |
| AK89-08 |
52.0 |
0.29 (L)
0.32 (A) |
1.26 g/t Au from 10 to 17 m. and 1.20 g/t Au from 11 to 18 m. |
| AK89-09 |
56.05 |
0.59 |
1.32 g/t Au from 49 to 55 m. |
| AK89-10 |
43.65 |
0.31 |
Even distribution. |
| AK89-11 |
50.0 |
0.14 |
Even distribution. |
| AK89-12 |
69.3 |
1.37 (L)
1.42 (A)
|
2.10 g/t Au from 10 to 43 m. and 2.37 g/t Au from 8 to 43 m and 27 g/t Au from 39 to 40 m. |
| AK90-13 |
50.0 |
2.70 |
16.99 g/t Au from 20 to 25 m and 12.04 g/t Au from 44 to 47 m. |
| AK90-14 |
187.9 |
0.75 |
4.27 g/t Au from 28 to 35 m and 17.15 g/t Au from 48 to 49 m and 15.36 g/t Au from 77 to 78 m and 20.98 g/t Au from 85 to 86 m. |
| AK90-15 |
129.4 |
0.24 |
3.66 g/t Au from 118 to 121 m. |
| AK90-16 |
89.25 |
0.50 |
5.86 g/t Au from 73 to 74 m and 7.61 g/t Au from 77 to 78 m. |
| AK90-17 |
57.2 |
0.22 |
----- |
| AK90-18 |
36.3 |
0.29 |
----- |
| AK90-19 |
45.5 |
0.31 |
----- |
| AK90-20 |
43.75 |
0.03 |
----- |
| AK90-21 |
33.0 |
0.03 |
----- |
| AK90-22 |
39.0 |
1.01 |
19.51 g/t Au from 10 to 11 m and 2.64 g/t Au from 35 to 37 m. |
| AK90-23 |
141.25 |
0.41 |
0.92 g/t Au from 58 to 85 m. |
| AK90-24 |
150.0 |
0.52 |
0.05 g/t Au from 0 to 27 m and 0.95 g/t Au from 27 to 79 m including 13.13 g/t Au from 72 to 73 m. |
| AK92-25 |
111.65 |
0.11 |
----- |
| AK92-26 |
121.92 |
0.41 |
0.20 g/t Au from 0 to 73 m and 1.26 g/t Au from 73 to 96 m |
| AK92-27 |
89.46 |
0.43 |
8.81 g/t Au from 3.5 to 5.49 m. |
| AK92-28 |
95.10 |
0.17 |
----- |
| AK92-29 |
103.94 |
0.47 |
11.71 g/t Au from 42.67 to 44.90 m. |
| AK92-30 |
100.71 |
0.24 |
1.60 g/t Au from 98 to 100.71 m. |
| AK92-31 |
115.36 |
0.55 |
Even distribution. |
| AK92-32 |
27.43 |
0.72 |
0.99 g/t Au from 0 to 21 m. |
The best gold values to date have been encountered along line 16S, and involve
holes AK 13, AK 14, and AK 12.
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