Randgold Resources… more than 20 years in Côte d'Ivoire
Actual Numbers
YTD total Investment: CFA 310 milliards Project to date production(up Q2 2018):
58 tonnes
60 billion CFA invested in exploration...
~$100 million (CFA60 billion) spent on exploration in Côte d'Ivoire since 1995
Budget of ~$10 million (≈CFA6 billion)
proposed for exploration in 2018
Randgold exploration team comprises 58 people of which 52 are Ivorian - one of the largest exploration teams in the Randgold group
N
Mankono JV projects
Granted permits
Pending applications
Targets with potentialfor satellite deposits
Strategy to clean up the portfolio
Work has progressed at Tengrela N and Angoda permits after granting of decrees
New applications submitted to replace the ground to be dropped
Engagement continues with Government to consolidate ground in SE Côte d'Ivoire
100km
Kouassi-Datekro North and Centre
Djinni Target
Drilling confirms mineralization over 500m strike
4 new DDH confirm extension of mineralization to 120mv
DJDH001 21m @ 3.04g/t from 171m
DJDH004, 13.4m @ 3.04g/t from 194.8m
Badénou Corridor
Additional RC drilling planned in Q4 to extend strike SW
80% of the AC drilling completed over the 15km Badénou Corridor
Mercator
Wide zone of alteration intersected.
Drilling extends mineralization to 820m strike and down to 184mv.
NEDH009, 25.6m @ 1.15g/t from 173.9m
Potential of Djinni could be extended to 1.8 km: DJAC018 18m @ 2.25g/t from 3m.
NEDH006, 59m @ 1.1g/t from 180m
Mineralization and alteration intersected in the gap between Djinni and Mercator
Further oxide drilling underway to extend near-surface coverage.
BBAC055 15m @ 2.21g/t from 24m.
Drilling planned test link with regional AC results to Mercator target
Trenching to follow up
Fonondara
Strong RC results defined HG over 150m in main zone
A narrow high grade (+5g/t) structure defined to the south over 700m
Step out and infill RC on both targets
AC to test gaps and along strike extensions
Extensive orpaillage with multiple structures
Katiali South Target
45km covered with 50m spacing VTEM
Possible continuity of the mineralised systems at Fonondara Integration with all new geochemistry, geological datasets to generate and prioritise targets
Untested +4km soil anomaliesIntersection of Boundiali and Senoufo belt structures
First pits returned +6g/tAC to test target
AC drilling planned to optimally test targets after the rainy season
Sani
High grade in the south: 6m @ 15.72g/t
First trench 4.2m @ 3.5g/t (open E)AC designed to optimally test target
Katiere
Several anomalies in trench and pits
AC to test target
N
Large deep seated intrusive with tourmaline alteration
Koban Targets
Interesting lithological setting Structural complexity with foldings on its margins
New trench results with continuous low grade mineralised bedrock over 500m (open) with 50m wide alteration system with mineralised intrusives
Gbongogo Targets
New pit optimisation ongoing
RC drilling planned across veins for grade representativity
New soil sampling and multielements to better constrain the anomaly,Ground IP survey completed to trace structures and lithological contacts
RC drilling comfirmed low grade potential at Gbongogo south
A new target next to Gbongogo with RC results: 10m @ 1.84g/t incl. 5m @ 3.42g/t. Follow up RC planned
Yeretiele
Untested soil anomaly on extension of Fonondara structure
Infill soil to delineate target
Lokolo Target
Mapping and rock sampling
Intrusion pressure shadow and belt margin9km untested soil anomaly with ancient workings
Koban north
Mineralised intrusive
Encouraging trench results: 88m @ 0.68g/t incl 14m @ 1.03g/t, 1.7m @ 7.83g/t and 15.5m @ 1.65g/t300m target defined (open)
Koban main≈50m wide alteration system
New trench results with continuous low grade mineralised bedrock over 500m
(open)
32.20m @ 0.51g/t incl 2m @ 2.09g/t, 2.10m @ 1.58g/t and 5m @ 1.20g/t
New soil results and IP data pending
Strong alteration and deformation defining a +10km priority corridor VTEM completed with significant outcomes
Infill soil completed for multi-element to find intrusives IP survey ongoing over the whole corridor
Illegal mining sites on Boundiali permit become a high security risk…
A value destructive challenge for investors and government
Orpailleurs continued to invade Fonondara Main
Risks of destroying Fonondara Main environment and mining the orebodyOrpailleurs continue to threatened Randgold exploration team and have delayed drilling at Fonondara
High security risk after orpailleurs killed captain of Gendarmerie on Boundiali permit
Good collaboration with local gendarmes to remove artisanal miners
Tongon ensures good health and promotes wellbeing…
Health and Safety Environment
LTIFR of 0.00 - Zero LTIs recorded
Zero Class 1 & 2 environmental incidents
Tongon certified ISO 14001v2015 and OHSAS 18001 working with certified company, Lynx Logistics, for cyanide transport
Water management is effective at Tongon with no uncontrolled discharge
Training of Health and Safety committee members by the consultancy GERASUR and scaffolding compliance inspectors by APAVE Cote d'ivoire
Water monitoring programme reinforced at the storm water dam, Fresh, Lake Victoria and pits dewatering.
Tongon in partnership programme with the IDEAL NGO continues to effectively manage public health (Malaria and HIV / AIDS) through prevention programmes on the mine and in surrounding community
Water management system in place with prioritised reuse of process water - no fresh water pumped to plant
Malaria incident rate continues to decrease year on year
All environmental risks noted during the strike immediately fixed after resumption of work - TSF dam wall erosion, flooding of pits
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Randgold Resources Ltd. published this content on 25 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 October 2018 17:14:03 UTC