content_image/30216.jpg content_image/30217.jpg
## Akoase 

This project is located approximately 140km north-west of Accra and to the north-east of the Newmont, Akim, multi million ounce deposit in a similar structural and geological setting. 

Wide spaced drilling has confirmed results obtained from trenching of the main anomaly. These indicate multiple 1 to 10m wide zones stacked within a shear system that is up to 100m wide and has anomalous soil and trench results over several kilometres. The variable grades and widths of mineralisation are demonstrated by intersections of 1m @ 20.5g/t Au from 16m, 11m @ 2.35g/t Au from 18m and 14m @ 5.38g/t Au from 6m. The forty-two shallow reverse circulation holes drilled to date have been drilled on eleven sections at 200m spacing between 9,800N and 10,400N and from 11,000N to 12,200N. All intersections are above 60m down hole. Further infill and extension drilling is planned. 

## Weststar and Blue River 

These concessions lie immediately along strike from the Adamus Resources Salman project area. 

Exploration has continued on the contiguous Weststar and Blue River concessions located approximately 60km north-west of Takoradi. Work has included soil geochemistry, ground magnetics and trenching. Several targets are to be drill tested this year. 

## Burkina Faso 

During the year the Company reached agreement with Goldbelt Resources Limited, a TSX Venture Exchange listed company, to sell Resolute (West Africa) Limited, the owner of the Belahouro project and other exploration properties in Burkina Faso, for cash and Goldbelt shares and warrants. The transaction is subject to a number of conditions, including due diligence and approval by the TSX Venture Exchange and Goldbelt shareholders. 

Under the agreement Resolute will receive cash of US$1.5 million and Goldbelt shares and warrants to a value of CAD$5.0 million. Following completion of the transaction Resolute will become a major shareholder of Goldbelt and will assist it in identifying other gold exploitation opportunities in West Africa where it does not conflict with Resolute’s activities. 

Goldbelt intends to undertake a major capital raising to advance the Belahouro project and has committed to immediate exploration expenditure of at least US$250,000 on the tenements. 

<img src='content_image/30216.jpg'>

<img src='content_image/30217.jpg'>

