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Bujagali Project

Location

Introduction

The Bujagali project comprises 6 exploration licences (“EL”s) totaling 1705.8 km2 in South-Central Uganda in an area ranked by the Geological Survey of Finland (“GTK”) as one of the highest priority exploration targets in the country. Historically there has been significant artisanal gold mining in and around the licence areas, however Jervois’s current focus is on copper, nickel and cobalt targets. Geochemistry, geophysics and geology indicate strong potential for polymetallic mineralization, bearing similarities to a number of DRC cobalt deposits. Since Jervois and its subsidiaries have been active in the Bujagali region they have defined numerous anomalies and the potential for a “Katanga-style” regional play.

Jervois’s work programs have confirmed two styles of mineralization across these licenses; firstly a number of large sediment hosted cobalt / copper anomalies with significant similarities to Katanga mineralization in the DRC and secondly nickel, copper, cobalt ultramafic targets on one of our other EL’s.

JERVOIS OWNS 6 EXPLORATION LICENCES AT THE BUJAGALI AREA TOTALING 1,705.8 KM2

JERVOIS OWNS 6 EXPLORATION LICENCES AT THE BUJAGALI AREA TOTALING 1,705.8 KM2

Jervois Work Programmes

During 2018, prior to the merger with Jervois, an extensive exploration programme was implemented at Bujagali. This involved wide-spread ground geophysics and geochemistry, a focused VTEM programme, induced polarization (“IP’), trenching and an initial exploration drill program of approximately 970 metres. In addition, 12,116 soil samples and 1,347 rock chip samples were collected across the Bujagali ELs and multiple large-scale anomalies were discovered including rock samples of 1.75% Cobalt (“Co”), 1.2% Copper (“Cu”) and 0.51% Nickel (“Ni”).

To date, in 2019, Jervois has collected 260 rock samples and 2354 soil samples (including within a new EL acquired in October 2018.  The new is contiguous with the Company’s existing Bujagali EL’s.  This programme has further expanded the regional “Katanga Style” geochemical anomaly discovered in 2018.  Rock Samples contain from 0.1 to 2.5% Co (210 samples) and 181 rock samples contain from 0.1 to 1.82% Cu.  In addition, 9 samples containing from 0.43 to 1.64 grams per tonne gold (“g/t Au”).  All of the anomalous rock grab samples are coincident with regional Katanga-style geochemical anomalies.

Current Work Program

An extensive ground exploration program is in progress at Bujagali, with the focus on two large anomalies, “Waragi” and “Bombo”. Teams are mobilised and the exploration programme includes:

  • Mapping, prospecting and soil and rock chip sampling;
  • Ground geophysics (Magnetics and Induced Polarization (“IP”) surveys); and,
  • Drilling to help better understand the nature of mineralization and geology and to build upon real time results with the goal of identifying Cu-Co deposit(s).

Regional Katanga style play

KATANGA STYLE – REGIONAL GEOCHEMICAL ANOMALY

KATANGA STYLE – REGIONAL GEOCHEMICAL ANOMALY

KATANGA STYLE – REGIONAL GEOCHEMICAL ANOMALY

KATANGA STYLE – REGIONAL GEOCHEMICAL ANOMALY

Bombo Discovery

  • The Bombo Ni-Co-Cu targets (named Bombo; Bombo NW and Bombo Central) are 3 distinct nickel in soil geochemical anomalies. The area was originally discovered by GTK where anomalous soil samples containing nickel, cobalt and copper were discovered.
  • In 2018, eleven mechanized trenches were completed and sampled at the Bombo targets. One trench contained: 20m @ 0.22% Ni and 0.51% Cu.
  • In 2018 four holes were drilled at Bombo (839m). Whilst there were no significant assay intercepts the presence of base metal sulphides was detected which has warranted further drilling which is currently underway
BOMBO NI-CO-CU TARGETS

BOMBO NI-CO-CU TARGETS

Field Work Photos

Waragi Photos

Bombo Photos