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Goldbelt Empires Announces Successful Results from Airborne Survey at South Morila Gold Concession

Goldbelt Empires Limited announced today the results of a recently concluded high-resolution, property-wide airborne magnetic and gamma-ray geophysical survey and the interpretation of the resulting data sets at its flagship South Morila gold concession area in Mali, West Africa.

Highlights

A review of the geophysical survey, and its subsequent structural interpretation, has yielded the following findings and identified a number of compelling geophysical targets:

  • Several previously undetected major potassium anomalies that pose compelling targets
  • Previously known mineralized sites now deemed high-priority prospects, in consequence of their enhanced attractiveness in the context of the new geophysical data set
  • Multiple high potential targets will be the focus of a recommended campaign of scout drilling, as part of the company's Phase II exploration program.

The Company retained Momentum Group to interpret the geophysical data sets obtained by the Airborne Survey, and Momentum Group provided the Company with its interpretation in its report dated 10 May 2016 ("Report"). The section captioned Summary (below) sets out the main findings of the Report. Andrew Dacey, a member of the Momentum Group, is the primary author of the Report; Andrew Dacey also serves as Technical Adviser to the Company.

Jonathan Challis, CEO of Goldbelt Empires, commented: "These results are a testament to the tremendous potential of the South Morila concession and the competence of the Company's technical team. The geophysical survey and interpretation cap the successful results of our 2015-2016 Phase I exploration program. We are delighted with the findings and look forward to Phase II of our exploration program involving geochemical work and scout drilling over the main targets."

Jonathan Challis (C.Eng & FIMMM), CEO of Goldbelt Empires, and Andrew Dacey (R.P.Geo & FIMMM), its technical advisor, are the Qualified Persons, as defined by National Instrument 43-101, who have approved the scientific and technical information, and verified the data except where otherwise noted, in this news release.

Source: http://www.goldbeltempires.com/

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