Page 368 - NEWGEN21-Proceedings-Full

EXPLORATION HISTORY

Early Exploration

▪ First modern exploration undertaken by Randgold in the 1990’s, with regional soil
sampling and limited trenching at the Boulder, Agouti and Gabbro prospects.
▪ Permit transferred to ASX-listed Apollo Consolidated Ltd in 2013. Apollo completed infill
soil sampling, along with trenching and a single RC drill program following up trench
anomalies at Gabbro, Kwenko and Agouti. Results were varied, with a best intercept of 6m
@ 7.46g/t Au returned from Gabbro.
▪ Newcrest purchased the Séguéla property from Apollo in 2016, completing a program of
permit-wide regional mapping, stream sediment and reconnaissance rock chip sampling,
along with shallow auger and aircore drilling in priority areas.

▪ Newcrest’s efforts were quickly focused on the emerging Antenna prospect, where the
first diamond hole drilled in August 2016 returned 48m @ 4.8g/t Au from 59m.
▪ Resource drilling throughout 2016 and 2017 culminated in the release of a JORC-
compliant Inferred resource for Antenna of 5.8Mt @ 2.3g/t Au for 430,000oz of gold.
▪ In late-2017 Newcrest began to turn their attention away from Antenna, drilling several RC
and diamond core holes at priority prospects including Boulder, Agouti, Kwenko and
Ancien. This drilling led to exploration targets of 50,000 to 100,000oz of gold at Boulder
and Agouti respectively, but no follow up drilling was completed at Ancien despite two of
the three completed holes returning high-grade intercepts, including 18m @ 5.90g/t Au in
SGRD244.