Kollo Gold Prospects

The Kollo Gold Prospects are located on the southern side of the Tiebele Dome, south of the Loubel prospects, and have been exploited to some extent by local artisanal miners. The prospects are located within felsic volcanoclastics, lavas and shales and gold anomalism was originally identified in soil geochemistry undertaken by Incanore.

Rock chip samples up to 20.0 grammes per tonne gold were recovered by Ampella at Kollo North, and trench samples as high as 10 metres at 7.87 grammes per tonne Au obtained at Kollo South.

Field observations suggest that gold mineralization at Kollo is post-VHMS zinc mineralisation and is located within failed hinge zones of long wavelength open east-west trending folds that have an axial plane dipping moderately steeply (50-70 degrees) to the north.

Soil geochemistry highlighted a 3000 metre long gold anomaly at greater than 50 parts per billion Au. At Kollo South four trenches have been completed for a total of 325.4 metres. Significant gold anomalism was identified in the western most trench, KT03, where the best interval was 10 metres at 7.87 grammes per tonne gold.  This zone is in line with a rock chip result of 3.2 grammes per tonne gold, 1000 metres further west.

At Kollo North artisanal miners have targeted a faulted fold hinge similar to Kollo South. In the Kollo North region rock chip results up to 20 grammes per tonne Au have been returned from quartz-pyrite veins within adjacent parallel fault zones.

A first phase drill program confirmed the highly prospective nature of the project in general and the Kollo Prospect in particular. Vital’s Phase 2 drilling program comprising 128 holes for over 11,000 meters, yielded a project best intercept of 4m at 58.03 g/t gold from 24m.

The potential of both the Kollo North and Kollo South prospects to host a significant gold resource that could provide a cash flow is thought to be high and warrants immediate follow-up.  Such a resource could be toll treated or sold to the Youga Mine approximately 25 kilometres to the south east from Doulnia.