TSX-V:GBE

Exploring the West African Gold Belt

Company Overview

Goldbelt Empires is a gold explorer focused on making significant gold discoveries in the West African goldbelt.

Our flagship asset is the South Morila gold concession in Mali, West Africa, where we are currently undertaking exploration activities, and the company is evaluating other concessions for possible investment/acquisition.

Properties of interest are those that represent best in class opportunities.

West African Goldbelt – A Regional Opportunity

Goldbelt Empires is focused on West Africa's historic gold belt which lies within the borders of all or part of:

  • Cote d'Ivoire
  • Southern Mauritania
  • Southern Mali
  • Senegal
  • Northern Burkina Faso
  • Gambia
  • Guinea-Bissau/Guinea
  • Northern Ghana
  • Western Niger
  • Liberia
  • Sierra Leone
  • Mauritania

West African Goldbelt – Asset Acquisition Program

Currently Goldbelt Empires is evaluating a number of prospective gold concessions in West Africa for inclusion in our portfolio.

West African Goldbelt – Asset Acquisition Program

Currently Goldbelt Empires has a number of prospective gold concessions under review in West Africa.

South Morila (Kola) Concession

The South Morila concession, located in the southern part of the Republic of Mali, is currently our flagship property.

Since adopting a modern investment regime, in just twenty years of mining development, Mali has become Africa's third largest producer of gold.

Mali hosts many active mines and western exploration firms which include:

  • Morila (Randgold) +8.0Moz Au
  • Loulo (Randgold) +10.0Moz Au
  • Yatela (AngloGold / Ashanti) 2.5Moz Au
  • Sadiola (AngloGold / Ashanti) 9.8Moz Au
  • Siguiri (Anglo) 5.0Moz Au
  • Syama (Resolute Mining) 7.9Moz Au

The South Morila (Kola) concession lies due south of the Morila Mine, one of Africa’s lowest cost gold producers.

Background

The current exploration program is designed to unlock the potential of South Morila by acquiring new data and integrating this with previous exploration results.

AngloGold and Randgold previously explored the South Morila concession. Goldbelt Empires will integrate, augment, and follow up this prior work.

The South Morila concession is a prime address for both of the main gold styles of mineralisation found in the region:

  • Typical shear-hosted Birimian gold deposits.
  • High-grade intrusion-related gold deposits.

Exploration Program

The company will follow up on many existing structures and anomalies identified in prior work but which justify fuller exploration. Historic soil geochemistry data together with planned new geochemistry is designed to identify mineralisation masked by a transported cover and to examine many structures that to date remain untested by geochemical analysis.

The company recently completed an airborne magnetic survey and the results greatly improve the geological understanding of the region.

Artisanal Workings Artisanal gold mining
Concession Map Concession Map
Airborne magnetic survey Airborne magnetic survey
Sheared metasediments Sheared metasediments
Magnetic Intensity Magnetic Intensity
Ternary Radiometrics Ternary Radiometrics

Burkina Faso

Burkina Faso is underexplored with excellent gold endowment. The combination of the new Mining Code (2003) and better operating conditions vis-à-vis country risk have spurred exploration with over 50 companies now actively exploring. Most of these are early-stage gold exploration, but there are gold resources under development, as well as new gold mines.

In the last five years, six new gold mines have been developed in Burkina Faso. In 2010, gold mining produced a total of 736,000 ounces (23 tonnes) of gold making Burkina Faso the 5th largest gold producer in Africa in 2010 after South Africa (226t), Ghana (82t), Tanzania (39t) and Mali (38t).

Liberia

Liberia is an emerging country for gold exploration, following a long period of political and economic instability and two successive civil wars. A 2003 peace deal led to democratic elections in 2005.

Geologically Liberia is dominated by the Man Craton of Archaean age and with great structural similarities to the Birimian Craton in which fall most of West Africa's major gold mines. The mineralisation is concentrated within sheared ultramafic komatiitic talc schists, typical of Archaean greenstone belts elsewhere in the world. The shear zones are almost vertical and the sheared ultramafic rocks appear to be continuous throughout the known strike length of the mineralisation. Granite gneiss and amphibolite make up the hanging wall and foot wall respectively. Metallurgical tests of the mineralised sections indicate that the gold in these formations is free in form.

Liberia is bordered by Sierra Leone on the west, Guinea to the north and Cote d'Ivoire to the east.

Cote d'Ivoire

Cote d'Ivoire is clearly underexplored but many prospective licences are at a relatively early stage so this must be balanced by wiith the acquisition of later stage opportunities which we are finding to be in Mali, Guinea and Liberia. Although not on this list we are also interested in pursuing opportunities in Cameroon and Gabon.

  • Country Deposit
  • % Gold Belt
  • +1 M Oz Au Produced
  • Ghana
  • 19%
  • 110M oz Au
  • Mali
  • 10%
  • 33M oz Au
  • Bukina Faso
  • 22%
  • 12M oz Au
  • Guinea
  • 11%
  • 12M oz Au
  • Cote d'Ivoire
  • 35%
  • 8M oz Au
  • Senegal
  • 3%
  • 3M oz Au