The Company has commenced detailed geological mapping of the anomalies and associated artisanal workings and has initiated an expanded soil sampling program over the western portion of the project area.
The Fatou Gold Project is located in southern Mali, approximately 20 km north of the border between Mali and Cote d'Ivoire, and approximately 250 km southeast of the capital city of Bamako. The Fatou exploration permit covers 250 km2 and is accessible via a paved highway and laterite road to the permit area.
Under the terms of an option agreement with optionor Bagoe National, Rockridge can acquire a 100% interest in the Fatou Project exploration license by making Option payments totaling $800,000 over three years and completing a minimum of 5,000 metres of exploration drilling. Rockridge is the Operator of the project. At such time as Rockridge receives an Exploitation Permit from the Malian government, a new company will be formed and the ownership of the company will be Rockridge 85%, Mali government 10%, Bagoe 5%. Bagoe will also retain a 2% NSR. Rockridge has a right of first refusal to purchase Bagoe's 5% interest in the new company and / or its 2% NSR.
Mr. Lorne Warner, P. Geo, Director and VP Exploration, is the Qualified Person for the Company under NI 43-101. All samples are sent to ALS-Chemex in Bamako for sample preparation and gold fire assay. Pulps are sent to ALS-Chemex in Johannesburg, South Africa, for ICP-MS analysis. The company inserts a standard, blank and requests a duplicate sample be run in every batch of 20 samples. In addition, the lab inserts in-house blanks, standards, and duplicates with each shipment. Data that falls outside the control limits are checked and repeated as necessary.