Todi Project

Overview

Todi properties consist of 2 license blocks over the prolific Todi Shear Zone with Archean Greenstone Belts (Amphibolite and Composite Unit) of West African Craton.

The property is a large, 100% owned district scale land package of 2,316 sq km, which includes 418 sq km Todi flagship property and an 1898 sq km reconnaissance license area overlying prospective geology and structures known to host gold mineralization.

The Todi project is located close to operating mines, lying 20 km Southeast of New Liberty Gold Mine, 30 km SE of Ndablama and 20 km north of Monrovia, the capital of Liberia.

Existing infrastructure is in place including roads, a seaport and an airport, and a hydro power dam eight kilometers away.

Geology

Gold mineralization at Todi is hosted within sheared, altered and sulphide bearing amphibolite and locally gneissic rocks and generally forms regular south-southwest dipping zones within a broader composite unit package bounded by gneissic rocks.

The Todi project is defined with numerous prospects, targets and anomalies distributed throughout the land package. These include conceptual geology targets based on known settings of existing Greenstone Belts (Amphibolite and Composite Unit), cross cutting shear zones, coherent gold in soil anomalies, stream sediment geochemistry and geophysical discontinuities and anomalies. Additionally, artisanal mining sites are inferred to be located on structural trends that continue onto and through the land package forming highly prospective trends for the discovery of world class gold deposits.

Sampling, mapping, trenching and scout drilling programs were completed along the regional trend of the mineralization and identified at least 6 multi-km targets for mineralization over 18.5 km of strike length in Todi Project area.

Previous Drilling

Phase I program

In 2022, a phase I drill program of 3,465 m was completed at the Arthington Target. Gold mineralization was discovery in 20 of 22 holes and highlights included 7.5 g/t Au over 9.6m, andand 10.60 g/t over 6m.

Drill Highlights

  • Hole ADD-007: 7.5 g/t Au over 9.65m (from 87.35m)
  • Hole ADD-004: 10.6 g/t Au over 6.0m (from 55.0m) and 0.93 g/t Au over 8.5m (from 122.5m)
  • Hole ADD-001: 4.67 g/t Au over 5.65m (from 10.25m) and 1.15 g/t Au over 6.0m (from 20.0m) Hole ADD-002: 1.10 g/t Au over 17.0m (from 60.0m)
  • Hole ADD-015 returned 1.06 g/t Au over 15.38m (from 19.62m) and 1.29 g/t Au over 4m (from 43m)
  • Hole ADD-016:0.90 g/t Au over 13.35m (from 40.65), 1.12 g/t Au over 11.64m (from 68m), and 1.02 g/t Au over 3m (from 111m)

Phase II program

In 2024, a follow up phase II program consisting of 2,092 m was completed at Arthington. The goal of the campaign was to confirm and extend mineralization along 2,400 m strike and served as a basis for a more comprehensive phase III campaign.

Drill Highlights

  • Hole ADD-024: 2.10 g/t Au over 25.90m (from 93.3m) including 4.20 g/t Au over 9.10m and 1.23 g/t Au over 10.20m (from 76.00m)
  • Hole ADD-027: 1.33 g/t Au over 14.67m (from 136.33m) including 4,38 g/t Au over 3.00m
  • Hole ADD-028: 1.28 g/t Au over 11.00m (from 195.0m)

Drill Ready Targets

Previous work on the Todi project defined 5 key, drill ready exploration targets including Alasala, Arthington, Benben, Youth Camp – Fehfeh and Alasala South. The Company is currently focused on the Alasala and Arthington targets.