Exploration

Exploration

Prior to Thani Dubai Mining gaining the Hodine licence in 2006 no modern or systematic exploration had taken place at the Anbat prospect. Information was limited to regional mapping programmes carried out by the Egyptian Geological Survey and Mining Authority / Egyptian Mineral Resource Authority in the 1970’s and 1980’s, and sporadic academic studies. Archaeological sites show that gold was processed from the wadi sediments, as revealed by small debris heaps in the wadi bed, by ancient miners dating as far back as Roman and possibly Pharaonic times.

From Q4 2009 to Q1 2013 Thani Ashanti conducted a systematic rock chip sampling program and detailed geological mapping within the Hodine concession, covered in this was the Anbat - Shakoosh belt. Exploration culminated in a total of 14,172m of diamond and RC drilling - 10,800 meters of which was at the Anbat prospect. Best results come from intersections of highly silicified felsic porphyry and sheeted veins hosted in granodiorite. Highlights of the drilling include: 69 m @ 1.21 g/t Au (AND021), 65 m @ 1.12 g/t Au (AND008) and 160 m @ 0.99 g/t Au (AND014). Ground magnetics were also conducted over the Anbat and North Anbat prospects during this time.

Figure 4. Schematic cross section across Anbat prospect viewed looking North. Drill holes and significant gold intersections indicated

Figure 4. Schematic cross section across Anbat prospect viewed looking North. Drill holes and significant gold intersections indicated

Since taking over the project in 2014 Thani Stratex Resources has discovered significant gold mineralisation 5 km north of Anbat in the Anbat - Shakoosh belt. Systematic sampling and mapping has been carried out at the North Anbat zone which is now drill ready. Preliminary metallurgical test work (cyanine leach bottle-roll test) has been carried out on six samples of mineralised diamond drill core from the Anbat project. Results were highly encouraging with all samples returning high gold extraction rates - 74.6% - 98.1% after 48 hours of leaching. Testing showed that gold extraction was rapid nearly reaching completion at the 6 hour sampling interval.
Drilling is planned to commence at both Anbat and North Anbat zones in Q4, 2016.

Figure 5. Anbat North prospect showing geology and planned drill hole locations on Quickbird satellite image

Figure 5. Anbat North prospect showing geology and planned drill hole locations on Quickbird satellite image

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