INTERPRETATION OF GEOCHEMICAL ASSAY RESULTS FROM FIRST BATCH GOLD EXPLORATION

1.0 Executive summary

Solid Rock Mining SL Limited is a responsible company with the sole aim of investing in mineral deposits in all its concessions areas, so as to transform it to the benefits of all ( Sierra Leone and the Company). We are committed to the details of our operations and that the specific phases and yearly work programme, proposed to the National Minerals Agency.

Solid Rock Mining (SL) Limited acquired an exploration licence in Kailahun district, eastern Sierra Leone in March 2018 for the purpose of exploring and eventual economic exploitation of gold and diamonds. This was necessitated by a prior knowledge and evidence of gold and diamond mineralization in the area based on previous exploration undertaken by both government and private companies.

With reference to our detailed work programme, the company wishes the National Minerals Agency to know through our 6 months exploration exercises, our activities for the past months since the acquisition of the license.

Solid Rock Mining SL Limited is financially resourced to undertake all its explorations exercises and unto mining. Additional funds are always available as and when needed both locally and internationally.

We are also greatly concerned about the environment and its best practices, so as to maintain a healthy environment during our exercises. We also believe that the environmental impacts of our exploration programme will be minimum and thus minor mitigation measures.

2.0 Company Profile                                                                                                                                                                                                                                                Solid Rock Mining (SL) Limited was registered and incorporated in Freetown, Sierra Leone on 25th January 2018 and has its offices at 16 Percival Street, Freetown, with Mr Fassally Tarawally as the Managing Director.

Our company respects all AML (anti-money laundering) procedures. We also display all ICC related protocols within our industry. We believe that our network is our net worth and we keep faith with this mantra and will seek at all times to demonstrate that every success we record, our reputation and our track record remains as pure as gold.

3.0 Property Description

This concession (EL 5/2018), herein referred to as the “Kailahun Concession” was granted to Solid Rock Mining (SL) Limited on March 2018 for a period of four (4) years. It covers an approximate area of 85.84 sq.km and is situated in the Soa and Penguia chiefdoms respectively, in Kono and Kailahun District of the Eastern Province of the Republic of Sierra Leone. Direct access to the licence area is by good tarred roads connecting Freetown to Makeni in the north, to as far as Matotoka; beyond which is a relatively unpaved road leading to Koidu at an approximate distance of 290km, and also using the freetown-kenema road unto Segbwema and an unpaved rough road in the area. Gravel roads of varying quality connect Koidu and Segbwema to greater parts of the licence areas, with the remaining parts mostly accessible by Motorbikes and in some cases connected only by footpaths to relatively smaller villages.

SEQUENCE OF EXPLORATION AND PRESENT WORK UNDERTAKEN

  • A total of 44 samples were collected from the section of the concession while a total of 64 samples were collected from the other section. In total 108 samples were collected altogether.
  • The samples collected comprises of stream sediments, rocks grabs and soils collected from known artisanal workings
  • Few pits were excavated to test alluvial potential has returned up 1g per cubic meter of gravel
Geology map of Sierra Leone

EXPLORATION WORK PLANNED

  • Maxi and mini trenches- will require analysis in a reputable laboratory
  • Geophysics survey-will require ground or airborne survey to define structural and drill targets
  • Scout drilling- will require buying or hiring a drill rig to drill shallow and widely spaced drilled holes to test drill targets generated from the geochemical results from the trenching and magnetic survey.
  • Resource drilling-this will require drilling of deep and closely spaced drill holes, test continuity of mineralization and deposit size for resource estimation and mine planning purposes.

RESULTS AND ANALYSIS

  • 22 target eluvial samples (100%positive with minimum gold grade 0.14g/ton AU and minimum6.82 g/ton AU at average of 1.77 g/ton AU.
  • 42 Stream sediments ( 14% positive with grade of 48 ppb AU and minimum 1459 ppb AU
  • 11 Rock grab samples (36% positive for gold with minimum gold grade 0.4 g/ton AU and minimum >10g/ton