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Rosterman Gold Mine, Kenya East Africa Under a recent MOU signed with Equatorial Mining Ltd, owned by Maris Africa, a UK managed African investment fund (Maris Capital), Equatorial will evaluate the extensive surface tailings left from the former producing Rosterman Gold Mine. Africa West Minerals owns 100% of the Rosterman Mine which was acquired from the Government of Kenya in 2008. The Rosterman Mine operated between 1935 and 1953 and recovered over 250,000 ounces of gold at an average grade of 13.6 gAu/t. It is believed that close to 600,000 tonnes of tailings material resides on surface. Equatorial is currently drilling the tailings area in a systematic manner to better evaluate the contained tonnage and grade. Equatorial will have three years to develop and rehabilitate the Rosterman Mine tailings. If Equatorial proceeds with the program to recover the gold in the tailings, Africa West will receive a 5% Net Smelter Royalty. Bukura and Sigalagala Gold Properties, Kenya East Africa - 44 km² These two 100% owned properties have a combined size of 48 square kilometres and are in close proximity to the Rosterman Gold Mine property. The 2 areas contain over ten colonial mine sites that exploited gold between 1930 and 1950. Most of these sites had developed shafts and extensive underground workings. The geology in this Kakamega greenstone region of Kenya is Archean aged with a structural setting similar to the Abitibi in Canada. Africa West Minerals is in the process of documenting the historical data associated with the colonial aged mines. The Bukura and Sigalagala licences represent excellent prospects for a potential earn-in partner. Ngira Migori Gold Project, Kenya East Africa - 320 km² Red Rock Resources, PLC has agreed to earn in to 70% of the Ngira Migori gold project. The 320 square kilometre Ngira-Migori property is located in the Migori Archean greenstone belt in southern Kenya, within 25 kilometres of the Tanzanian border. The project is adjacent to the former gold, silver and copper producing Macalder Mine, which operated between 1941 and 1963. Previous exploration work at Ngira-Migori has included reconnaissance geological mapping and soil sampling over the central portion of the property where current artisanal mining is taking place. The soil sampling has indicated several areas of gold in soil anomalies. Mineralization in this area is characterized by gold in quartz reefs as well as gold associated with massive to disseminated sulphides. The lithology of the area includes greywacke, tuffaceous volcanics and Banded Iron Formation. Surface grab sampling at two of the mineralized reefs returned from 30ppb to 16.7 gAu/t (grams of gold per tonne). Ugunja Option, Kenya East Africa - 823 km² The 823 square kilometre Ugunja licence is located at the western edge of the Kakamega greenstone belt, adjacent to the border with Uganda. This area contains similar geology and structure as the Rosterman Mine, located 25km to the east. Previous work on the Ugunja Licence includes local soil and termite mound sampling which has identified several areas of anomalous gold. The eastern half of the project area represents the highest priority for further soil sampling, mapping and trenching. This large project area requires a $200,000 2 phase program to define drill targets. Sotik Application, Kenya East Africa - 483 km² The Sotik project is a 483 square kilometre property that is in application with the Kenya Government. The project area lies on the eastern edge of the Nyanzan Greenstone belt in Southern Kenya. This project area has not seen any modern exploration and requires a first phase regional mapping and sampling program to prioritize any follow-up work. Maps
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About Kenya Kenya is situated in the Eastern part of the African Continent. The country lies between 5 degrees north and 5 degrees south latitude and between 24 and 31 degrees east longitude. It is almost bisected by the equator. Ethiopia and Sudan border it to the north; Uganda to the west; Tanzania to the south; Somalia to the northeast; and Indian Ocean to the southeast. The Republic of Kenya has an estimated population of 38.2 million and is projected to grow to 60 million people in 2030. Nairobi is the capital city of Kenya, and it is excellent connectivity to major world-wide hubs and time zones that make it easy to work with most continents. There are deep pools of educated and skilled manpower that have made the country the manufacturing, commercial and financial centre in eastern and central Africa. Kenya is endowed with a wide range of minerals, and most of these minerals still remain unexploited due to inadequate knowledge on their status, economic viability and appropriate mining technologies. The Kenyan government has appropriate mineral prospecting and mining policy conducive to investment and Private Public Partnerships (PPP) in the mining sector. Therefore, opportunities exist in of in mineral exploitation, mining and value addition through direct or joint venture partnerships. The Republic of Kenya is politically stable under the recently established grand coalition government. It realizes that political and economic stability are intertwined and are key pillars for long term prosperity of the nation. On 10th June 2008 H.E the President and the Rt. Honourable Prime Minister officially launched the Kenya Vision 2030 to be a globally competitive and prosperous nation with a high quality of life. Kenya's Gross Domestic Product (GDP) was estimated at about US$ 27 billion in 2007 thus placing Kenya among the five biggest economies in Sub-Saharan Africa. Kenya is open and safe for investments. | | | | ||||||||||||
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