Bisha Regional Exploration Program

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Exploration Presentation

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Bisha District Deposit Configurations

For detailed information on each of our exploration targets, please click to expand or collapse any of the zones below.

Harena VMS (Volcanogenic Massive Sulphide) is situated on the Harena Mining License 10 km south of the Bisha Main deposit and processing plant. Harena was discovered in 2005 following the drilling of a gossan zone associated with felsic volcanic rocks. Harena has a small open pit reserve (see Operations for details) which was mined for oxide gold-silver ore in 2012/2013.

In 2014, exploration drilling was renewed at Harena to explain the large alteration signature of the deposit. Drilling in 2015 continued to explore the deposit down dip where it remains open and is demonstrating a trend of increasing thickness and grade with depth. Opportunities also occur immediately along strike of the deposit to the north and south. Over 12,000 metres of drilling is planned at Harena in 2016.

In 2015, success continued with select high grade intercepts:

HX-040: 1.8% Cu 5.8% Zn 0.5 g/t Au 31 g/t Ag over 32 m
HX-041: 1.1% Cu 3.0% Zn 0.6 g/t Au 36 g/t Ag over 50 m
HX-050: 1.7% Cu 6.6% Zn 0.4g/t Au 28g/t Ag over 67m including
4.6% Cu 3.4% Zn 1.0g/t Au 63g/t Ag over 22m
HX-051: 1.1% Cu 3.6% Zn 0.4g/t Au 22g/t Ag over 74m including
4.2% Cu 1.2% Zn 1.0g/t Au 62g/t Ag over 11m
HX-066: 2.0% Cu 1.2% Zn 0.9g/t Au 86g/t Ag over 25m
HX-069: 0.8% Cu 5.0% Zn 0.4g/t Au 14g/t Ag over 115m
HX-071: 0.7% Cu 7.9% Zn 0.3g/t Au 17g/t Ag over 50m

The deposit remains open in several directions and work continues. See Exploration Presentation for more details.

Deposit Configuration - Harena

Bisha Main makes up over 96% of Bisha reserves. More information is available from Operations page.

The Bisha Main deposit remains open in several directions. In the north end of the current open pit constrained resource the deposit is open, bottoming in high grade primary resource. On strike, the deposit is prospective for both primary and supergene copper mineralization as the deposit trends under a hill next to the pit that has a corresponding geophysical anomaly.

Deposit Configuration - Bisha

See operations page

See Exploration Presentation for more details.

The Northwest Zone VMS lies within the Bisha mining license. The Northwest Zone is 2 km from the Bisha Main deposit. Bisha views the Northwest Zone as a potential source of supplemental feed for the processing plant at Bisha. The feed would provide additional cash flow as an extension to mine life without significant capital expense.

Geological mapping of the Bisha area in 2002 identified altered felsic volcanic rocks to the northwest of the (future) Bisha Mine with a coincident strong airborne EM response. In the fall of 2003, diamond drilling intersected potentially economic widths of copper, gold and silver massive and stringer sulphide mineralization. Follow up drilling in 2004 - 2006 and 2012 - 2013 identified copper and zinc VMS mineralization over a strike length of 800m that remains open to the northeast, southwest and at depth.

The favorable horizon north and south remains highly prospective.

Resources - NW Zone

Maiden resources were declared at Northwest Zone in February 2014.



See Exploration Presentation for more details.

Hambok VMS is a satellite deposit located 16 km southwest of the Bisha mill on the Mogoraib River Exploration License. Bisha views the Hambok deposit as a potential source of supplemental feed for the processing plant at Bisha. The feed would provide additional cash flow as an extension to mine life without significant capital expenses.

The Hambok massive sulphide body is a steeply east dipping, lenticular body. The massive sulphide body extends for over 1,000 m along strike, approximately 350 m down dip and is up to 75 m thick in the center of the lens. The ore body remains open along strike to north and south and down dip at depth.

The Hambok region remains highly prospective.

Resources - Hambok

Maiden resources were declared at Hambok in February 2014.



See Exploration Presentation for more details.

Asheli VMS (Volcanogenic Massive Sulphide) is situated on the Mogoraib River Exploration License 23 km southwest of the Bisha Main deposit and processing plant. The Asheli deposit was discovered by Bisha Mining Share Company (BMSC) in April 2015 (see June 18, 2015 Press Release). The initial focus of exploration was a 700 metre long section of highly sericite and chlorite altered felsic volcanics with associated small, pod-shaped surface gossans within a five kilometre long horizon with similar geology. Limited historical drilling (ASD prefixed holes) had intersected only narrow stringer style mineralization with minor chalcopyrite and sphalerite but no massive sulphides.



See Exploration Presentation for more details.