Orbis Gold : Natougou Gold Project - High Grade Drilling Results

Hole No.

East

(WGS84)

North

(WGS84)

RL

(m)

TD

(m)

Dip

Azi

From

(m)

To

(m)

Width

(m)

Au

(g/t)

BODD414

326,541

1,327,042

285

80.50

‐75

045

64.83

68.28

3.45

47.32

BODD414

326,541

1,327,042

285

80.50

‐75

incl.

65.40

67.66

2.26

71.19

BODD414

326,541

1,327,042

285

80.50

‐75

75.80

76.20

0.40

11.37

BODD415

326,572

1,327,073

285

69.30

‐75

045

54.00

55.00

1.00

0.53

BODD415

326,572

1,327,073

285

69.30

‐75

045

58.00

59.00

1.00

0.69

BODD415

326,572

1,327,073

285

69.30

‐75

045

61.00

63.20

2.20

3.52

BODD415

326,572

1,327,073

285

69.30

‐75

045

65.00

65.20

0.20

22.23

BODD416

326,407

1,327,592

290

80.60

‐75

045

48.00

54.90

6.90

0.79*

BODD416

326,407

1,327,592

290

80.60

‐75

045

63.62

64.83

1.21

22.40

BODD417

326,394

1,327,004

286

114.40

‐75

045

Nsv

BODD418

326,465

1,327,530

290

78.20

‐80

045

59.70

60.55

0.85

30.63

BODD419

326,520

1,327,523

291

80.50

‐80

045

Nsv

BODD420

326,511

1,327,124

288

75.40

‐72

045

62.88

69.95

7.07

3.18

BODD421

326,315

1,327,267

287

99.30

‐77

045

20.00

24.00

4.00

1.31*

BODD421

326,315

1,327,267

287

99.30

‐77

045

44.00

48.00

4.00

0.59*

BODD421

326,315

1,327,267

287

99.30

‐77

045

90.00

95.80

5.80

2.26

BODD422

326,524

1,327,465

290

72.70

‐80

045

Nsv

BODD423

326,285

1,327,243

286

108.30

‐77

045

24.00

28.00

4.00

0.69*

BODD423

326,285

1,327,243

286

108.30

‐77

045

103.00

105.50

2.50

3.33

BODD424

326,290

1,327,354

287

93.70

‐77

045

82.96

89.21

6.25

4.99

BODD424

326,290

1,327,354

287

93.70

‐77

incl.

85.74

88.00

2.26

12.12

BODD425

326,263

1,327,325

286

102.50

‐77

045

8.00

12.00

4.00

1.75*

BODD425

326,263

1,327,325

286

102.50

‐77

045

91.38

94.88

3.50

2.44

BODD426

326,344

1,327,297

287

93.20

‐77

045

12.00

20.00

8.00

0.78*

BODD426

326,344

1,327,297

287

93.20

‐77

045

79.56

85.72

6.16

3.15

BODD426

326,344

1,327,297

287

93.20

‐77

incl.

81.76

84.00

2.24

7.13

BODD427

326,262

1,327,263

286

108.60

‐75

045

56.00

60.00

4.00

0.96*

BODD427

326,262

1,327,263

286

108.60

‐75

045

103.40

104.56

1.16

9.24

BODD428

326,883

1,327,660

293

114.50

‐80

225

91.50

95.00

3.50

1.04

BODD429

326,408

1,327,807

288

74.60

‐80

045

58.84

59.70

0.86

0.98

BODD429

326,408

1,327,807

288

74.60

‐80

045

61.85

62.45

0.60

3.63

BODD430

326,857

1,327,691

293

102.40

‐75

225

88.00

90.61

2.61

2.78

BODD431

326,435

1,327,840

289

72.40

‐80

045

52.67

59.30

6.63

1.79

BODD431

326,435

1,327,840

289

72.40

‐80

045

64.29

67.50

3.21

4.52

BODD432

326,486

1,326,983

285

90.50

‐75

045

24.00

28.00

4.00

0.62*

BODD432

326,486

1,326,983

285

90.50

‐75

045

78.06

81.30

3.24

1.37

BODD433

326,806

1,326,960

285

36.50

‐75

045

23.47

25.00

1.53

0.50

BODD434

326,225

1,327,293

286

108.75

‐77

045

28.00

32.00

4.00

0.60*

BODD434

326,225

1,327,293

286

108.75

‐77

045

40.00

72.00

32.00

1.01*

BODD434

326,225

1,327,293

286

108.75

‐77

045

76.00

80.00

4.00

0.61*

Hole No.

East

(WGS84)

North

(WGS84)

RL

(m)

TD

(m)

Dip

Azi

From

(m)

To

(m)

Width

(m)

Au

(g/t)

96.45

97.15

0.70

4.60

BODD435

326,776

1,326,933

285

33.30

‐75

045

21.00

24.10

3.10

1.20

BODD436

325,890

1,327,974

285

105.80

‐77

045

87.50

90.00

2.50

13.28

BODD436

325,890

1,327,974

285

105.80

‐77

Incl.

87.50

88.00

0.50

62.10

BODD437

326,751

1,326,910

284

27.00

‐75

045

20.00

21.35

1.35

4.93

BODD438

326,725

1,326,883

284

30.30

‐75

045

20.00

21.86

1.86

7.32

BODD439

325,948

1,328,026

286

84.60

‐75

045

67.80

69.62

1.82

9.67

BODD440

326,691

1,326,849

282

30.30

‐75

045

22.00

24.00

2.00

20.80

BODD441

325,978

1,328,060

286

72.50

‐75

045

59.00

63.00

4.00

3.54

BODD442

326,752

1,326,794

283

21.30

‐75

045

9.24

13.45

4.21

4.81

BODD442

326,752

1,326,794

283

21.30

‐75

045

18.00

19.00

1.00

1.02

BODD443

326,776

1,326,824

284

21.30

‐75

045

11.14

14.75

3.61

5.12

BODD444

326,003

1,328,085

286

66.50

‐75

045

4.00

8.00

4.00

12.29

BODD444

326,003

1,328,085

286

66.50

‐75

045

59.88

61.00

1.12

3.64

BODD445

326,809

1,326,854

284

21.30

‐75

045

13.00

15.60

2.60

0.78

Criteria

JORC Code explanation

Commentary

Sampling

techniques

Nature and quality of sampling (eg cut channels, random chips, or

specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

This report relates to results for reverse circulation (RC) and

diamond core drilling of the Natougou gold deposit.

Sampling

techniques

Include reference to measures taken to ensure sample

representivity and the appropriate calibration of any measurement tools or systems used.

Drilling of the Natougou deposit is being conducted on a regular

(40m x 40m) drill grid to target an upgrade of the majority of the deposit to an Indicated Mineral Resource category. The drill grid is considered sufficient to provide a representative sample of the deposit for the required purpose. No calibration was deemed warranted for the sampling method.

Sampling

techniques

Aspects of the determination of mineralisation that are Material

to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1m samples from which 3kg was pulverised to produce a 30g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

Sampling was undertaken along the entire length of drill holes.

RC drill holes were sampled at 1m intervals, then composited to

4m intervals for laboratory analysis. 1m RC samples were split using a riffle splitter to an approximate 500g sample, then composited resulting in an approximate 2kg sample sent for laboratory analysis. Results above 0.25g/t Au in the 4m composites were used to select 1m intervals for re‐sampling and re‐assaying. A 2‐3kg re‐sample was re‐split using a riffle splitter from the original drill 1 metre bags. Diamond core was sampled at nominal 1m intervals and cut in ½ using a core saw. Core samples were submitted to the laboratory and sample preparation consisted of the drying of the field sample, the entire sample being crushed to 75% passing 2mm with a 1.5kg split by riffle splitter pulverized to 85% passing 75 microns in a ring and puck pulveriser. RC and core samples are assayed for gold by 50g fire assay with AAS finish.

Drilling

techniques

Drill type (eg core, reverse circulation, open‐hole hammer, rotary

air blast, auger, Bangka, sonic, etc) and details (eg core diameter,

triple or standard tube, depth of diamond tails, face‐sampling bit or other type, whether core is oriented and if so, by what method, etc).

Drill methods comprised both RC drilling and diamond core

drilling.

RC drilling is carried out using a 5 3/ inch face sampling hammer.

8

Diamond drilling is undertaken as short (approximately 24m long)

diamond tails to variable length RC pre‐collars. Selected diamond drill holes have been cored from surface. Diamond drill coring is undertaken at HQ size. Diamond drill core is oriented by the use of an ORISHOT tool.

Drill sample

recovery

Method of recording and assessing core and chip sample

recoveries and results assessed.

RC recoveries were determined by weighing each drill metre bag.

An average RC recovery of greater than 80% has been achieved. Core recoveries are measured by reconstructing core into continuous runs on an angle iron cradle for orientation marking. An average core recovery of greater than 98% has been achieved.

Drill sample

recovery

Measures taken to maximise sample recovery and ensure

representative nature of the samples.

No additional measures were required as core recoveries are

deemed to be high and samples considered to be representative.

Drill sample

recovery

Whether a relationship exists between sample recovery and grade

and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

No relationship has been observed between sample recovery and

grade.

Logging

Whether core and chip samples have been geologically and

geotechnically logged to a level of detail to support appropriate

Mineral Resource estimation, mining studies and metallurgical studies.

Geological logging was carried out on all RC chips and diamond

core. This included lithology, alteration, sulphide percentages and

vein percentages. Structure was recorded in core and measurements taken when possible in oriented core holes.

Logging

Whether logging is qualitative or quantitative in nature. Core (or

costean, channel, etc) photography.

A lithological and alteration legend was developed for the

Natougou deposit to produce consistent qualitative logs. This legend includes descriptions as well as representative photos for comparison purposes.

Sulphide and vein content (expressed as %) and structure

(expressed as alpha and beta measurements) are quantitative in nature. Structure type is qualitative in nature.

A sample of RC chips are washed and retained in chip trays marked with hole number and down hole interval. All RC chip trays and all diamond core are photographed.

Logging

The total length and percentage of the relevant intersections

logged.

All drill holes are logged in full.

Sub‐sampling

techniques and

sample

If core, whether cut or sawn and whether quarter, half or all core

taken.

Core is sawn in half with one half taken for sampling and the

other retained in core trays identified with hole number and

metre marks. Samples are collected from the same side of the core.

Criteria

JORC Code explanation

Commentary

preparation

If non‐core, whether riffled, tube sampled, rotary split, etc and

whether sampled wet or dry.

RC samples are riffle split in the field to a notional 2‐3kg sample

per metre drilled. The use of a booster and auxiliary compressor provide dry samples for depths below the water table.

preparation

For all sample types, the nature, quality and appropriateness of

the sample preparation technique.

A riffle splitter is used for RC samples and a core saw is used for

core to provide representative sub‐samples. Industry standard

sample preparation is conducted under controlled conditions within the laboratory and is considered appropriate for the sample types.

preparation

Quality control procedures adopted for all sub‐sampling stages to

maximise representivity of samples.

QAQC samples (2 blanks, 1 duplicate and 1 standard) were

submitted with each drill hole submitted as 1m intervals. QAQC samples (1 blank, 1 duplicate and 1 standard) were submitted every 1 in 50 with RC 4m composite samples. Regular reviews of the sampling were carried out by the supervising geologist to ensure all procedures were followed and best industry practice carried out. Sample sizes and preparation techniques are considered appropriate.

preparation

Measures taken to ensure that the sampling is representative of

the in situ material collected, including for instance results for field

duplicate/second‐half sampling.

Duplicate sampling results are reviewed regularly.

Assay results are written on core intervals to visually confirm that

results are within reasonable expected values (ie. Within sheared/altered zone).

preparation

Whether sample sizes are appropriate to the grain size of the

material being sampled.

The sample sizes are considered to be appropriate for the nature

of mineralisation within the project area.

Quality of assay

data and

laboratory tests

The nature, quality and appropriateness of the assaying and

laboratory procedures used and whether the technique is

considered partial or total.

RC and diamond core samples were assayed using 50g fire assay

for gold which is considered appropriate for this style of

mineralisation. Fire assay is considered total assay for gold.

Quality of assay

data and

laboratory tests

For geophysical tools, spectrometers, handheld XRF instruments,

etc, the parameters used in determining the analysis including

instrument make and model, reading times, calibrations factors applied and their derivation, etc.

No geophysical tools have been used to determine assay results

for any elements.

Quality of assay

data and

laboratory tests

Nature of quality control procedures adopted (eg standards,

blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

Monitoring of results of duplicates, blanks and standards is

conducted regularly. QAQC data is reviewed for bias prior to inclusion in any subsequent Mineral Resource estimate.

Verification of

sampling and

assaying

The verification of significant intersections by either independent

or alternative company personnel.

Significant intersections are routinely monitored through review

of core and drill chip photographs and by site visits by the

Exploration Manager.

Verification of

sampling and

assaying

The use of twinned holes.

Two RC drill holes have been twinned with diamond drill core

holes and show reasonable repeatability of gold grades between

both drilling methods.

Verification of

sampling and

assaying

Documentation of primary data, data entry procedures, data

verification, data storage (physical and electronic) protocols.

Primary data is collected on field sheets and then compiled on

standard Excel templates. Data is subsequently uploaded into a

corporate database for validation and data management.

Verification of

sampling and

assaying

Discuss any adjustment to assay data.

All samples returning assay values below detection limit are

assigned a value of 0.005g/t Au (half of the lower detection limit). No other adjustments have been applied to assay data.

Location of

data points

Accuracy and quality of surveys used to locate drill holes (collar

and down‐hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

Drill hole collar locations are initially set out (and reported) using

a hand held GPS with a location error of +/‐ 5m. Collar positions for Mineral Resource estimation are subsequently located using Geoexplorer 6000 differential GPS (DGPS). Expected accuracy is +/‐ 1cm for easting and northing and +/‐ 1.5cm for elevation co‐ordinates. Down hole surveys are routinely commenced from 6m down hole depth and additional readings taken at approximately 30m intervals thereafter.

Location of

data points

Specification of the grid system used.

The grid system used is WGS84. A northern hemisphere zone is

applied that is applicable to the location of individual project areas.

Location of

data points

Quality and adequacy of topographic control.

A detailed topographic survey of the project area has not been

conducted.

Data spacing

and distribution

Data spacing for reporting of Exploration Results.

The nominal drill hole spacing is 160m by 80m with areas infilled

to 40m by 40m.

Data spacing

and distribution

Whether the data spacing and distribution is sufficient to establish

the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

The drill hole spacing is sufficient to demonstrate geological and

grade continuity appropriate for the Mineral Resource and classification applied.

Criteria

JORC Code explanation

Commentary

Whether sample compositing has been applied.

RC samples were riffle split from 1m drill runs to an approximate

500g weight and composited to 4m intervals which were then submitted for assay. 1m bulk samples were retained and any 4m composite assay returning greater than 0.25 g/t Au re‐split as individual 1m samples.

Orientation of

data in relation to geological structure

Whether the orientation of sampling achieves unbiased sampling

of possible structures and the extent to which this is known, considering the deposit type.

The drill holes have been drilled predominantly perpendicular to

the mineralised structures. Drill core is marked up with cut lines prior to core cutting to minimize any sample bias due to orientation of geological features.

Orientation of

data in relation to geological structure

If the relationship between the drilling orientation and the

orientation of key mineralised structures is considered to have

introduced a sampling bias, this should be assessed and reported if material.

No orientation based sampling bias has been identified in the data

to date.

Sample security

The measures taken to ensure sample security.

Samples are stored securely on the project site under supervision

of security guards and/or Company personnel. Company personnel maintain chain of custody of the samples prior to either collection from site by laboratory personnel or drop off at the laboratory by Company personnel. Documentation is prepared to record handover of samples to laboratory personnel.

Audits or

reviews

The results of any audits or reviews of sampling techniques and

data.

The database was reviewed in mid‐2013 by Snowden Mining

Industry Consultants (including review of drilling, sampling, and logging protocols, and review of QAQC protocols). The database was considered to be of sufficient quality to carry out a resource estimation.

Criteria

JORC Code explanation

Commentary

Mineral

tenement and

land tenure status

Type, reference name/number, location and ownership including

agreements or material issues with third parties such as joint

ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

The Boungou Exploration Permit ‐ which encompasses the entire

Natougou Mineral Resource ‐ is owned 100% by Birimian

Resources SARL, a 100%‐owned Burkina Faso subsidiary of Orbis Gold Limited. A 1% profit based royalty is retained by the original permit owner.

Mineral

tenement and

land tenure status

The security of the tenure held at the time of reporting along with

any known impediments to obtaining a licence to operate in the area.

The tenement is in good standing and no known impediments

exist.

Exploration

done by other parties

Acknowledgment and appraisal of exploration by other parties.

No previous exploration has been reported on the permit.

Geology

Deposit type, geological setting and style of mineralisation.

The Natougou deposit is located within sheared amphibolite of

the Lower Proterozoic Birimian. The modelled mineralisation

occurs within a continuous shear zone defined over an approximate 1.8km x 1km area. The mineralised zone is sub‐ horizontal in nature and exhibits very broad open anticlinal folding with a fold axis trending 315o. On average the main mineralised structure is 4.2m thick in a horizontal plane. The structure outcrops at surface in the south‐east corner of the

deposit and is open in all other directions.

Drill hole

Information

A summary of all information material to the understanding of the

exploration results including a tabulation of the following information for all Material drill holes:

o easting and northing of the drill hole collar

o elevation or RL (Reduced Level - elevation above sea level

in metres) of the drill hole collar

o dip and azimuth of the hole

o down hole length and interception depth

o hole length.

Refer to data Tables contained elsewhere in this report.

Data

aggregation methods

In reporting Exploration Results, weighting averaging techniques,

maximum and/or minimum grade truncations (eg cutting of high grades) and cut‐off grades are usually Material and should be stated.

A nominal 0.5g/t Au lower cut‐off has been applied incorporating

up to 2m of internal dilution below the reporting cut‐off grade. All reported assays have been length weighted. No density weighting or high grade cuts have been applied.

Data

aggregation methods

Where aggregate intercepts incorporate short lengths of high

grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

High grade gold intervals internal to broader zones of

mineralisation are reported as included intervals. High grade intervals contained within broader zones of mineralisation are routinely specified in the summary results tables.

Data

aggregation methods

The assumptions used for any reporting of metal equivalent values

should be clearly stated.

No metal equivalent values have been used for reporting

exploration results.

Criteria

JORC Code explanation

Commentary

Relationship

between mineralisation widths and intercept lengths

These relationships are particularly important in the reporting of

Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').

Mineralisation within the deposit is predominantly flat‐lying.

Holes have been drilled approximately perpendicular to mineralisation therefore reported intersections approximate true width.

Intersection lengths are reported as down hole lengths.

Diagrams

Appropriate maps and sections (with scales) and tabulations of

intercepts should be included for any significant discovery being reported. These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

Refer to Figures contained within this report.

Balanced

reporting

Where comprehensive reporting of all Exploration Results is not

practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

All results are reported.

Other

substantive exploration data

Other exploration data, if meaningful and material, should be

reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

Material exploration data for the project is generally reported as

results come to hand. Preliminary metallurgical testwork indicates that gold mineralisation within the Natougou deposit is expected to be free milling with gold recoveries of greater than 90% achieved.

Further work

The nature and scale of planned further work (eg tests for lateral

extensions or depth extensions or large‐scale step‐out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

Further drilling is proposed on a 40m x 40m grid to target a

proposed upgrade of a significant proportion of current Inferred Mineral Resources to Indicated Mineral Resources. In addition mineralisation is open to the south‐west, north‐west and north‐east and further drilling is proposed to test these areas.