Mane II Property Overview – Close to Nordgold’s Bissa Gold Mine
Parallel Mining has entered into an option agreement to acquire a 100% interest in the 163-square kilometre Mane II Property (pronounced Man-ay) located in the Kaya-Goren greenstone belt, approximately 20 kilometers south of Nordgold’s Bissa 4.9 MOZ Gold Mine. Artisanal mining is active in several areas on the Property, with the most active group covering a strike length of over 200 metres, and some shafts exceeding 50 meters in depth.
Acquisition of Mane II Property
To acquire a 100% interest in the Mane II Property, Parallel must pay the owner an initial payment of $5,000 USD, a further $15,000 USD 90 days after signing, a further $25,000 USD twelve months after signing, a further $50,000 USD twenty-four months after signing, a further $125,000 USD thirty-six months after signing, and a final payment of $250,000 USD forty-eight months after signing. The owner will retain a 2% royalty on commercial mineral production from the property, subject to a 50% buyback provision.
Artisanal Mining Operations on the Property
Historical results from artisanal reject material, sampled and reported by High River Gold, include gold grades of 20.0 grams per tonne (“gpt”) and 11.2 gpt. The vein being exploited by the artisanal workers is hosted in a felsic intrusive (granite) and bears similar characteristics to the vein type which hosts Roxgold’s high grade Yaramoko mine.
Initial Sampling Program
In 2017, Parallel Mining conducted a small grab sample program (27 samples) on the artisanal reject material and results included 16.7 gpt, 12.5 gpt, 7.9gpt, 6.3 gpt, and 6.0 gpt. Samples obtained by Parallel Mining were transported directly to Actlabs in Ouagadougou, Burkina Faso by Company personnel for sample preparation. Samples were sorted, dried, crushed and prepared for final chemical analysis using the Fire Assay AA method for Au. Samples that assayed above the 10.0 gpt over limit were further analyzed by Au Gravimetrics Field duplicates were used for the grab sampling.
Mane II Property – Centrally Located
Mane II is located 40 km north-northeast of Ouagadougou near the southern boundary of the Kaya-Goren greenstone belt in Central Burkina Faso. The property’s southern boundary is accessible via paved road through the major center of Ziniare then 30 kilometers of all weather road. The Bissa-Bouly producing gold mine currently owned and operated by Nordgold is located some 20 km from the northern boundary of Mane II (Figure 2). The mine is currently producing in excess of 300,000oz Au/pa.
The History of Mane II
Originally, a permit covering the approximate boundaries of the current Mane II was held for about 10 years by High River Gold1 and was relinquished during 2015 and acquired by the current Bukinabe owner in early 2016.
There are twelve gold diggings located on the permit of which eight appear to be active. Figure 3 shows the gold digging sites with gold values from grab samples taken by both High River and Transburkina from reject material from mining activity. Processing activity was evident at most of the sites visited.
Mane II – Details of the Project Sites
Site 1 Mane II Project This is an active gold digging site with 50 miners and processors taking ore from about 5 shafts some at depths exceeding 50 meters (Figure 4). Ore and waste are sorted by crushing quartz on surface and checking for colors. Ore was being hand crushed to 10 centimeters then fed through hammer mills then either sacked to be sold for further processing off site or processed onsite with sluicing and mercury amalgamation or by cyanidation in pits 2.The vein being exploited is hosted in a felsic intrusive (granite) and appears to be several meters in width and strikes east-west. These features mirror the veining at Yaramoko. Deep shafts were observed over a strike length of 200 meters and activity appears to be limited by lack of crushing equipment rather than termination of veining. Drilling beneath these workings and for strike extension here is fully warranted. Grab samples from reject material here, included 20.0, 6.04 and 6.27 gpt. An isolated shaft some 150 meters to the north of Site 1 returned a value of 12.5 gpt and may represent a parallel east-west trending vein.
Site 2 Mane II Project A larger, more active gold digging operation is located about 500 meters due east of Site 1 and may be the continuation of the veining there (Figure 5). The veining here appears to be in multiple parallel quartz sets or stockwork type mineralization as closely spaced shafts numbering in the hundreds were staggered and randomly oriented. Considerable gold appears to have been extracted here over the years and represents a valid drill target. A grab sample of reject material taken from here last week assayed 11.2 gpt gold. The veining is intrusive hosted.
Site 4 Mane II Project This is a relatively new gold digging operation with approximately 100 people mining and processing. The strike of the quartz veins differs from Sites 1 and 2, being oriented in a NNW-N direction (compared to an E-W direction at sites 1 & 2). The strike length of the active gold digging activities is approximately 100m. Host rocks appear to be igneous instrusives (granite). Figure 6 illustrates the active workings.
Site 5 Mane II Project There is no active mining at this site only adandoned gold digging operations. It appears the host rocks are metasediments (schists) with stringer quartz veins.
Site 6 Mane II Project Only a few abandoned gold digging operations exist at this site and have collapsed since operations ceased, therefore the total depth is not known. Samples of 19.56 g/pt Au and 6.04 g/pt Au were collected by High River at the time of active mining.
Site 7 & 8 Mane II Project These two sites are very broad and consist of a number of scattered gold digging operations both active and abandoned. The number of pits is estimated to be in the hundreds. It appears mineralisation is in stockwork veins within intrusive host rocks. It is likely to be low grade, however the large surface footprint indicates there may be bulk tonnage potential.
Future Exploration Plans for Mane II The Mane II project has merit and it’s Au bearing potential will be tested over the next months. The exploration activities here will consist of ~800m of RAB drilling (approximately 10 holes) to test the most prospective locations which we believe to be sites 1, 2 and 4.