Embracing the cyclical nature of the mining sector



Project: Djelimangara
Subsidiary: LGN Holdings (BVI) Inc.
Commodity: Gold
Location: Western Mali
Deposit Style: Orogenic gold
Key Attributes: Multiple prospects along 18km corridor
Asset Stage: Soil sampling and trenching
Results: 10m @ 1.5g/t Au from trenching
Next Phase of Work: Termite mound sampling & trenching
Deal Partner: Desert Gold Ventures (TSX-V:DAU)
Deal Terms: 3M shares + US$50k + milestones + 2.5% NSR

Project Overview

The 55km2 Djelimangara project is located approximately 3km east of the Diba project. Four priority prospects have been discovered to date at Djelimangara, namely: Sourounkoto, Kamana, Woyanda and Manankoto. These are each characterised by gold in soil anomalies of up to 2.5km in length, coincident with hard rock and / or alluvial artisanal gold workings in fine metasediments. At the Manankoto prospected reconnaissance trenching completed by previous owners has reportedly returned 1.5g/t Au over 10m and 2g/t Au over 6m.

  • Mali - Gold Province
    Mali - Gold Province
  • ‘Kenieba Window’ > 40Moz Au produced
    ‘Kenieba Window’ > 40Moz Au produced
  • Project Overview Map
    Project Overview Map

Exploration Programme

A regional soil sampling programme at Djelimangara completed by previous owners of the project on a 500m x 250m (and in places 250m x 100m) grid identified a major gold in soil anomaly over a NE strike length of 2.7km. The programme was completed between 2005 and 2007 and was subsequently followed up with auger and termite mound sampling. In parallel to these programmes induced polarisation (IP), high resolution resistivity + induced polarisation (HIRIP) and ground magnetics surveys were completed by Terra Tec Mali Sarl between 2006 and 2007. A regional airborne VTEM surveying was then completed by Geotech Airborne Limited in 2008 followed by a ground gravity survey. Diamond, RC and RAB drilling has been completed at the Djelimangara project and has reportedly returned encouraging intersections including 1.34g/t Au over 30m (Table 1).

Table 1: Djelimangara project historic drill intersections

Hole ID From (m) To (m) Intersection (m) Grade (g/t Au)
MDRC05-01 32.00 62.00  30.00 1.34
Including 54.00 62.00 8.00 3.71
MDRC05-27 48.00 66.00 18.00 1.38
Including 58.00 60.00 2.00 10.33
MDRC05-22 30.00 48.00 18.00 1.30
Including 44.00 48.00 4.00 3.55

The next phase of work at the Djelimangara project is expected to include infill termite mound sampling, channel sampling of artisanal workings, trenching and infill auger sampling. The programme will aim to generate a number of priority drill targets.

  • Aerial view of artisanal trenching
    Aerial view of artisanal trenching
  • Artisanal working at Manankoto
    Artisanal working at Manankoto
  • Mineralised quartz veins
    Mineralised quartz veins

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