Tanoyan Gold Project - Sulawesi Island
1853 Acres (750 Ha)
Summary
The Tanoyan Gold Project is located on the northern arm of Sulawesi Island, a well known and highly prospective location for epithermal gold mineralisation and hosts a number of significant gold deposits. These include J Resources North Lanut (0.79 Moz), Doup (0.96 Moz) and Bakan (0.51 Moz) deposits, Archipelago's Toka Tindung deposit (1.75 MOz) and Newmont's former Mesel gold mine which produced over 1.5 Moz of gold.
The Tanoyan property currently has a mineral resource of 208,000 ounces of gold at an average grade of 1.4 g/t (see 43-101 Technical Report dated March 2012 located on SEDAR)
Mining Associates Ltd. who prepared the report commented on the Tanoyan gold project:
- "There are no indications these zones are closed off at depth and, given the style of mineralisation, MA* would expect additional drilling will allow the estimates to be extended further to depth."
- "There is an opportunity to expand the Tanoyan model along strike and laterally with further drilling, and also to improve the confidence of the mineral resources internally by infill drilling."
Gold mineralisation at Tanoyan is located in four principal lode systems, Sondana, Ramai, Talong-Modupola and Lingkobungon, which are predominantly orientated northeast to southwest and dip steeply to the northwest or southeast. The lode systems are typically characterised by quartz veining, vein breccias and silicification within an argillic alteration envelope. Gold mineralisation is typically associated with pyrite and arsenopyrite in the lode zones.
Exploration programs included soil sampling, an Inverse Polarisation geophysical survey, and mapping which defined the four lode systems. Thirty two trenches were excavated and two phases of diamond drilling completed. (87 drill holes)
Location and Access
The property is easily accessed from the regional city of Kotamobagu, which is approximately 270km, by good quality sealed road, from Manado, the provincial capital of North Sulawesi. Manado has a population in excess of 2 million people and is serviced by frequent daily flights from Jakarta and Singapore
The Tanoyan property is adjacent to the village of Tanoyan which is an approximate 30 minute drive from the city of Kotamobagu on a good quality sealed road. Access within the property is by four wheel drive vehicle on unsealed roads from Tanoyan village.
Climate in the area is tropical with similar temperatures and high humidity all year round. Annual rainfall is approximately 2000mm which falls mainly in a wet season between December and March. The area is outside the typhoon/cyclone zone and exploration and mining can be conducted all year round.
The project has a maximum elevation of app. 700 meters ASL
