TSX-V:CVB Volume : 46000 Change : +0.005 Last : 0.105 Day High : 0.105 Day Lo: 0.105 Date : 2/22/2012
Moussala
The Moussala ATE covers some 66 sq. km and is located 10km west of the Dandoko exploration permit. Two significant gold targets have been identified at Dandoko, Disse and Bemballa, and the ATE is located adjacent to these targets. Africa Mining expects the ATE to have a similar prospectivity as the Dandoko license.
Below is a figure showing the location of the Dandoko license and the Moussala ATE.
Map 1: "Moussala location in Mali"
A regional geochemical mapping and sampling over the Moussala ATE has been completed. A total of 781 geochemical samples on a grid of 500m by 200m have been collected and submitted to the ALS laboratory in Bamako. Results are expected in early August. Fieldwork has been completed using a Malian Government Agency (PDRM) as contractor under the supervision of Africa Mining.
Africa Mining expects moussala to have a similar prospectivity as the Dandoko permit. Africa Mining has applied to convert the Moussala permit from an "Authorization to Explore", to a full "Exploration Research Permit". The Moussala permit is located in Mali's Western gold belt and in close proximity to targets identified at the Dandoko project. Initial fieldwork is expected to commence in January 2012.