The Dabolava project is located approximately 200 km west-southwest of Antananarivo, the capital of Madagascar and is accessed via 400 km of paved highways, a portion of which traverses the property. The Dabolava project is located 140 km west of the town of Antsirabe that hosts an airport and residents with mining experience. Gold has been mined at the Dabolava Project since 1900 and continues to be mined on a very limited scale. The Dabolava project covers 375 sq km in 6 permits and consists of several mineralized areas, the most explored being Dabolava East, Takadora, Mountain of Gold and Anjoma. PAF’s exploration work was carried out from 2004 to 2008 with Sprott Asset Management as a shareholder. This exploration includes airborne geophysical surveys covering 553 sq km, approximately 27 sq km of ground magnetometer survey, 40.4 line km of IP surveys, and 11,349 soil samples. PAF only completed 11,863 meters of diamond drilling (97 diamond drill holes) mostly focused on the Dabolava East area before it was acquired by the Seller. In the Dabolava East, Takadora and Mountain of Gold mineralized areas the gold occurs in silicified dilational features within a broad ductile shear zone that cuts a tonalite-granodiorite orthogneiss host rock. The zones of mineralized dilational features range from 1 to 15 m in drilled width. Ajoma is a metasediment-hosted bulk-tonnage prospect, where the gold is associated with a post-metamorphism hydrothermal stock work where small quartz veinlets contain disseminated gold between the metamorphic foliations. Dabolava East (300meter by 300meter). The Dabolava East mineralized area is approximately 300m x 300 m based on mapping and soil samples. Numerous gold mineralization intersections from 33 diamond drill holes (5,204 m of total drilling) indicated a zone of 1 and 15 m wide (drilled width) between 30 to 70 m depth from surface. The known vertical extension is approximately 50 m and is open at depth and to the surface. Prophecy intends to commission a preliminary economic assessment on Dabolava East and potentially fast track Dabolava East through the permitting process.
Mikama - Sep 1, 2017
Dans Stockhouse
The Dabolava project is located approximately 200 km west-southwest of Antananarivo, the capital of Madagascar and is accessed via 400 km of paved highways, a portion of which traverses the property. The Dabolava project is located 140 km west of the town of Antsirabe that hosts an airport and residents with mining experience. Gold has been mined at the Dabolava Project since 1900 and continues to be mined on a very limited scale. The Dabolava project covers 375 sq km in 6 permits and consists of several mineralized areas, the most explored being Dabolava East, Takadora, Mountain of Gold and Anjoma. PAF’s exploration work was carried out from 2004 to 2008 with Sprott Asset Management as a shareholder. This exploration includes airborne geophysical surveys covering 553 sq km, approximately 27 sq km of ground magnetometer survey, 40.4 line km of IP surveys, and 11,349 soil samples. PAF only completed 11,863 meters of diamond drilling (97 diamond drill holes) mostly focused on the Dabolava East area before it was acquired by the Seller. In the Dabolava East, Takadora and Mountain of Gold mineralized areas the gold occurs in silicified dilational features within a broad ductile shear zone that cuts a tonalite-granodiorite orthogneiss host rock. The zones of mineralized dilational features range from 1 to 15 m in drilled width. Ajoma is a metasediment-hosted bulk-tonnage prospect, where the gold is associated with a post-metamorphism hydrothermal stock work where small quartz veinlets contain disseminated gold between the metamorphic foliations. Dabolava East (300meter by 300meter). The Dabolava East mineralized area is approximately 300m x 300 m based on mapping and soil samples. Numerous gold mineralization intersections from 33 diamond drill holes (5,204 m of total drilling) indicated a zone of 1 and 15 m wide (drilled width) between 30 to 70 m depth from surface. The known vertical extension is approximately 50 m and is open at depth and to the surface. Prophecy intends to commission a preliminary economic assessment on Dabolava East and potentially fast track Dabolava East through the permitting process.
The Dabolava project is located approximately 200 km west-southwest of Antananarivo, the capital of Madagascar and is accessed via 400 km of paved highways, a portion of which traverses the property. The Dabolava project is located 140 km west of the town of Antsirabe that hosts an airport and residents with mining experience. Gold has been mined at the Dabolava Project since 1900 and continues to be mined on a very limited scale. The Dabolava project covers 375 sq km in 6 permits and consists of several mineralized areas, the most explored being Dabolava East, Takadora, Mountain of Gold and Anjoma. PAF’s exploration work was carried out from 2004 to 2008 with Sprott Asset Management as a shareholder. This exploration includes airborne geophysical surveys covering 553 sq km, approximately 27 sq km of ground magnetometer survey, 40.4 line km of IP surveys, and 11,349 soil samples. PAF only completed 11,863 meters of diamond drilling (97 diamond drill holes) mostly focused on the Dabolava East area before it was acquired by the Seller. In the Dabolava East, Takadora and Mountain of Gold mineralized areas the gold occurs in silicified dilational features within a broad ductile shear zone that cuts a tonalite-granodiorite orthogneiss host rock. The zones of mineralized dilational features range from 1 to 15 m in drilled width. Ajoma is a metasediment-hosted bulk-tonnage prospect, where the gold is associated with a post-metamorphism hydrothermal stock work where small quartz veinlets contain disseminated gold between the metamorphic foliations. Dabolava East (300meter by 300meter). The Dabolava East mineralized area is approximately 300m x 300 m based on mapping and soil samples. Numerous gold mineralization intersections from 33 diamond drill holes (5,204 m of total drilling) indicated a zone of 1 and 15 m wide (drilled width) between 30 to 70 m depth from surface. The known vertical extension is approximately 50 m and is open at depth and to the surface. Prophecy intends to commission a preliminary economic assessment on Dabolava East and potentially fast track Dabolava East through the permitting process.
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