Location and Project Description

The Saraya Project is made up of three exploration permits; Woye, Balakonko and Garaboureya (southern portion).  The permits are held by Mining Research Company Society Ltd (MRC).

The Woye exploration permit 01814 covers an area of approximately 95 square kilometres and is located along strike to the south of the Sabodala gold mine and the Massawa deposit.

The Balakonko exploration permit 07787 covers an area of approximately 84 square kilometres and is located directly north of the Lingokoto Project permit.

The Garaboureya exploration permit 07786 is made up of two parts, a northern portion and a southern portion.  The southern portion, that is included in the Saraya Project, covers an area of approximately 37 square kilometres and is located south of the Lingokoto Project permit.

 

Title

Erin has the right, pursuant to the terms of a joint venture agreement with MRC, to acquire an 80% interest in the exploration permits.  Under the terms of agreement, Erin is required to meet as sole contributor, all exploration expenditure until completion of a positive feasibility study.

 

Work Completed to January 2012

Erin has completed regional geological and regolith mapping together with regional soil sampling over all three permit areas.

 

Woye

The area was previously held by Randgold who undertook rock chip sampling, soil sampling and very limited drilling in some areas of the permit.

Erin undertook regional soil sampling on an 800 metre by 400 metre grid to establish whether potential for gold mineralisation existed within the tenement area.  The programme identified a linear gold anomalous zone, over 4 kilometres long, associated with artisanal workings.

The main gold anomalism (central to the permit) occurs in an area of anastimosing structures (dilation) and was not tested by the work completed by Randgold, with the exception of a few rock chip samples.

Balakonko

There is no evidence of modern exploration having taken place within the licence.

Erin undertook regional soil sampling on an 800 metre by 400 metre grid to establish whether potential for gold mineralisation existed within the tenement area. 

The programme identified a number of point gold anomalies within units of mafic graphitic schists and quartzite/chert.  The gold anomalism occurs in a sediment package that Bassari Resources has had recent success in identifying a number of gold prospects and is in the process of resource definition drilling some of these.

 

Garaboureya (Southern Portion)

Here also there is no evidence of modern exploration having taken place within the licence.

Erin undertook regional soil sampling on a 400 metre by 400 metre grid to establish whether potential for gold mineralisation existed within the tenement area. 

The area is dominated by extensive lateritic and iron hard-cap cover.  The programme identified a number of gold anomalous areas.  The gold anomalism is obviously affected by the scavenging nature of the high iron environment.  By normalising the gold values against iron, anomalous gold areas are defined associated with northeast trending structures.

Current Activities

Planning of infill soil sampling on a spacing of 120 metres by 40 metres over the anomalous zone identified is in progress for Woye.  Sampling, and detailed geological and regolith mapping are planned to commence following completion of the infill soil sampling on the Lingokoto Project.

 

Planned for Completion in 2012

Erin’s aim is to quickly evaluate the anomalous gold trends identified with the regional soil geochemistry to generate drill targets.  With the infill soil sampling providing better definition of the anomalous zones identified by May 2012, reconnaissance RAB fence drilling is then planned to quickly assess whether they have the potential to host ore grade gold bodies. 
Results of the RAB drilling are expected by the fourth quarter 2012.