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Finkolo Project
Finkolo
Country
Mali
Province
South
Close to
Syama
Status
FEASIBILITY
Surface
160 km² / 39,536 acres
Latitude / Longitude
12 N 00 / 6 W 28
Mining District
Syama belt
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Risk and valuation analysis of the Finkolo Project
Status Risk : Feasibility
Country Risk : Important
Resource Risk : 40.00%
In situ value
1,142,012,620 $
Title(s) of the Finkolo Project
Resolute Mining Limited
Interest: 50%
Title
Company Profile
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Endeavour Mining Corporation
Interest: 50%
Title
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Resolute has earned a 50% interest in Etruscan's 100% interest in the Finkolo Permit by expending US$2,000,000 prior to October 1, 2006. Resolute has the right to earn an additional 10% interest by either contributing a further US$1,000,000 to expenditures on the permit or completing a feasibility study by April 28, 2008
Location of the Finkolo Project
the Finkolo exploration permit located in Mali South approximately 200 kilometers southeast of Bamako
Reserves and resources of the Finkolo Project
Tonnage
Grade
Reserves and resources
Gold
Gold
g/t
oz
Measured
2,330,000
2.93
219 490
Indicated
4,500,000
2.70
390 632
Mesured and Indicated
6,830,000
2.78
610 122
Inferred
3,130,000
2.18
219 377
Total
9 960 000
829 499
Definitions
Reserves and resources of the Finkolo Project
Metal
Total
Reserves
Resources
Unit
In situ value
Proven
Probable
Proven and Probable
Measured
Indicated
Mesured and Indicated
Inferred
Gold
829 499
219 490
390 632
610 122
219 377
oz
1 150 266 134 US$
Discoveries and Drilling Results
7/28/2009
upgrades gold resources at Finkolo joint venture in Mali
12/19/2007
HITS 23 METERS OF 10.9 GRAMS PER TONNE GOLD
11/6/2007
Finkolo gold project in Mali hits 6 meters of 33 grams 6 ME...
8/30/2007
News Release August 30, 2007 - DRILLING INTERSECTS 6 METERS ...
Location
Data last updated on : 7/28/2009
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Cautionary Note to US Investors concerning estimates of Measured and Indicated Mineral Resources
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