Annamite has maintained a continuous presence in Laos since the company’s inception three years ago, where it has continued to leverage its local knowledge, expertise and network. The excellent exploration potential of Laos, commodity price forecasts and availability of capital are now all favorable for Annamite to make a significant discovery.
LOCATIONS IN LAOS
AND THE MAJOR
LOCATION OF KNOWN
Annamite is now employing about 30 staff on the ground, hiring local Lao personnel in areas where we explore, with training provided to build their capabilities.
Located in Hinherb and Fuang districts, Vientiane Province, the Sokdee Project, situated in the under-explored Lao portion of the Loei Fold Belt/ Truong Son Belt represents a prime, drill-ready opportunity. Historical work has identified a large porphyry copper-gold prospect and there is good potential for several other porphyry-related Cu-Au targets in the region. Previously, a lack of modern technical skills and data integration has hindered progress towards resource definition.
Annamite, together with its two partners Hyundae Black Stone (HBS) and Nana Road and Bridge Construction (NRBC) hold two tenements, Hinherb, containing the three prospects mentioned previously as well as an additional six targets, and Fuang, with one emerging target. The two tenements together cover 50km2. have carried out a six-month exploration program this year starting with infill soil sampling and then a drone aeromagnetic survey. Our 1980m scout drilling program was guided by the excellent soil sampling information and historical IP data. This has resulted in an important porphyry discovery and two adjacent associated non-porphyry bodies with a combined strike length of over 6km.
Rapid application of technical know-how is likely to propel Namthom, the most advanced of all the prospects held by Annamite, through scout drilling and potentially to resource definition. The data from our technical due diligence completed in late 2020, and infill soil sampling and geological mapping in March-August 2022 provides further evidence to support our view that Namthom is a significant gold and copper porphyry. The porphyry geometry has yet to be determined through drilling, but we already have exciting indications of a robust system.
The Namthom porphyry prospect, situated in the southern part of the eastern tenement block, is a significant copper and gold system, historically tested by several drill holes in 2013 and 2014. However, only one hole actually intersected the mineralized part of the porphyry system.Soil sampling by Annamite has outlined a 2.5 km by 1 km Cu-Au-Mo soil anomaly. Our summary re-logging of historical core has unequivocally identified a mineralized porphyry.
2022 Exploration Plan for Namthom
Since conducting due diligence reconnaissance mapping, quartering and analysing drill core, and collecting widely-spaced soil geochemical data, the Namthom porphyry has been modelled using all available information. Recent exploration of this exciting prospect has included the completion and analysis of 80 infill soil samples within and around the well-defined, coincident Cu-Au-Mo anomalies associated with the porphyry, followed by an additional 84 regional soil samples collected over the remainder of the eastern tenement block recently completed. Additional geological mapping has continued, to be followed in April-June 2022 by initial drilling within the main soil anomaly.