The Project’s mineralized zones have the characteristics of epigenetic, mesothermal quartz vein style gold deposits with an overlying gold-bearing saprolite. This type of mineralization is the most important type of gold occurrence in West Africa and is commonly referred to as the Ashanti-type.

Sewum Zone
The Sewum West and South prospects are found along the eastern contact of a thrust-bounded volcanic sliver, outcropping 6 km to the east of the Boin Zone on the NS. The gold mineralization is associated with late D2 to D4 deformation phases. It is structurally controlled within, and adjacent to, late graphitic faults focused on the margins of poly-phase quartz veins within faults. The veins developed along the axial planes of hinges and limbs of earlier hanging wall D3 drag folds ± intrusives.

The host rocks at Sewum include interbedded carbonaceous siltstone and sandstone (turbidite). The sediments have been regionally deformed to greenschist facies, are steeply dipping, and typically strike north-northeast (30º) parallel to the regional structural grain. A steeply dipping dolerite dyke 3 km long and up to 500 m wide has been intersected in the drilling and acts as an important host to gold mineralization in the Sewum area.

Three styles of mineralization have been identified at Sewum:
- Disseminated arsenopyrite associated with quartz veining and silicification in sheared sediment, e.g. Sewum Shear Zone.
- Quartz – sericite ........

The Project contains multiple deposits that will be mined using conventional open pit mining methods (drill, blast, load and haul) with the mining operations being outsourced to a mining contractor. Newcore will provide supporting technical services and mine management.

The Project considers the mineral resources that have been estimated for the Sewum, Boin, Nyam and Kwakyekrom deposits. Mining will be carried out in a series of 10 open pits across the four deposits. Sewum and Boin were split into four mining areas each. Drilling and blasting will be carried out on 10-m benches. The oxide formation will be free-dug, thus not requiring drilling and blasting. For the transition formation, it has been assumed that 50% of the material will be free-dug, while 50% will require drilling and blasting. All of the fresh rock will be drilled and blasted. Mining will be carried out in 5-m flitches using a hydraulic excavator in a backhoe configuration. The excavator will sit on top of the production bench and the 64-tonne haul trucks will be loaded on the level below.

The mining sequence will begin with the clearing, removal and stockpiling of any usable soil, and the construction of pit protection berms and diversion drains. Non-economic oxide material will be hauled to oxide waste rock facilities, while the non-economic transition and fresh rock will be hauled to additional waste rock facilities.

At Sewum and Boin, the mineralized material mined will be ........

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