LANGU PROJECT
The Langu gold property is located in Satun Province, southern Thailand. It consists of four Special Prospecting Licenses (SPL). Two of the Langu licenses expired on July 2, 2009 and the Company has reapplied over the same general ground for one new SPL, thereby relinquishing areas that do not warrant further work. The new SPL covers an area of 4000 rai, approximately 640 hectares, covering the anomalous gold trend and those areas over which mapping and sampling have rendered positive results. The Company believes that the property holds significant potential for sediment-hosted, so called Carlin-style gold mineralization. The mineralization is closely associated with decalcification and partial replacement of calcareous shale by silica and is chemically associated with arsenic and antimony.
Gold was not previously recognized in the area of Langu, but antimony (stibnite) was produced from a number of small quarries nearby. In one of the small stibnite quarries, the ‘Discovery Quarry’, Company geologists sampled float grading as high as 180 g/t Au and later discovered a 25 metre-wide gold bearing outcrop in the quarry from which a channel sample returned values averaging 20 g/t gold.
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