Golden Saint Resources has a two part strategy to establish the Company as a
diamond and gold producer in Sierra Leone. Firstly to identify gold and diamond
assets on its Exploration Licence areas; and secondly to generate near-term
revenue through export of diamonds and gold.
The Group has acquired three Exploration Licences in Sierra Leone, which are
currently in the process of being renewed, on which exploration activities have
been conducted to date. Along with the appointment of Rock Forage, as the
Group’s exploration consultant, the focus of the operations is to conduct more
effective bulk sampling programmes for the areas of key interest. With the
guidance of Rock Forage, the Group hopes to increase the diamond and gold
recovery rates. The Board hopes to be able to recover diamonds and gold
regularly to achieve a self-sustaining exploration programme.
The Group has carried out bulk sampling programmes
in selected areas in Baja and Tongo and intends to begin bulk sampling
operations along the Moa River in 2016. Soil testing and mapping operations
will continue on all the areas.
As the bulk sampling programmes progress, the Group
intends to eventually reduce the licenced area for more effective management of
resources. The Group continues to build on its relationships with the local
communities, and will focus on the exploration programme and priority in
employing locals in all the areas of operations where possible.