 |
|
|
|
|
Nassile Project, Niger, West Africa
Nassile is situated in the southwestern section of the Sirba greenstone belt immediately northeast of the Burkina Faso border and 100 kilometres southwest of Niamey, the capital of Niger. From 1996 to 1998, the property was actively explored by Ashanti Goldfields, who conducted programs of soil and termite mound geochemistry, geological mapping, ground magnetic surveys, trenching and RAB drilling. Average depth of the RAB drill holes was 30 metres on an inclination of 50 degrees.
Back Lake Property, Northwest Territories
Island Arc maintains a 10.62% carried interest plus an additional 2% interest acquired in 1999, subject to dilution, in the Back Lake Diamond Property.
Back Lake is operated by MDL Diamonds (60.4%), as a joint venture with Kalahari Resources Inc. and Island Arc. Back Lake is situated only 50 km southeast of the Diavik Mine, operated by Rio Tinto, and 70 km south of Ekati Mine, operated by BHP Billiton.
|
|
|
