SEEKING FOR A NEW SEEKING FOR A NEW PARTNER PARTNER
INTRODUCTIONINTRODUCTION
• ENOR is an Algerian company established under the Algerian under the Algerian law, which operatestwo (02) gold mines (Tirek and Amesmessa).
• Our main shareholder is • Our main shareholder is the Algerian oil company SONATRACH (NOC), the first africanoil company.
GENERALITYGENERALITY
ENOR’s mines are located at about 450 km south -
west of Tamanrasset., the capital city of the Hoggar area. west of Tamanrasset., the capital city of the Hoggar area.
It is a growing town with 100 000 inhabitants.
It has an international airport and a university.
ENOR’S CONCESSION WITH ITS GOLD MINES
ENOR has a mining license with a total area of license with a total area of 105 850 hectares.
This permit covers a significant shear zone of several kilometers length. It links the Archeanbasement to the Proterozoic formations.
GEOLOGY OF THE ENOR PERMIT
The Tirek and Amesmessa depositsas well as the dozens of goldoccurrences or geochemicaloccurrences or geochemicalanomalies, are controlled by a sub-meridional regional shear zone, ofwhich the extension is known overmore than 50 km long and 2-3 kmwide ( ductile mylonites).
This shear zone links the Archeangranite-gneiss formations of the“Mole of In Ouzzal” to the West,and the Proterozoic formations tothe East.
THE GOLD MINERALISATION
� Gold mineralization is quartz veins with pyrite, galena,gold and rare sphalerite. These veins are interpreted asgold and rare sphalerite. These veins are interpreted asshear veins (shear zone) and more rarely as vein oftension gashes.
� Compared to the major Archean gold shears (Kalgoories– Australia, Gold Val – Canada) which concentrate theirdeposits far from the major fault, the Pan African majordeposits far from the major fault, the Pan African majorfault provides the specificity to hold the two deposits ofTirek and Amesmessa in addition to other goldoccurrences, which can be their own extension.
THE AMESMESSA GOLD DEPOSIT
� Discovered in 1975, the Amesmessa gold deposit isrepresented by a dozen of veins areas extending overapproximately 12 km North-South. The main veins 8 and 9 ofapproximately 12 km North-South. The main veins 8 and 9 ofthis deposit as well as other satellite veins have been mined inopen pits since 2006, in partnership with a foreign partner.
� The Amesmessa mine is currently in production.Approximately 3.7 tons of gold were produced by the HeapLeach.
� On the basis of 43 430 m of DDH, and 800 m of undergroundexploration work to the depth of- 80 m, and after expertise doneby SIDAM (Canada), the estimated gold resources of 16 goldveins known in Amesmessa are approximately 1 400 000 oZ:
AMESMESSA RESOURCES
Resources
Thickness
(m)
Grade
(g/t)
Ore
(T) Gold ( kg / Oz)
Obs
Categories C1 1.98 18.6 1392900 25 929.8 / 833 755 160 m depth
Categories C2 1.36 17.1 1025700 17 573.0 / 565 048 400 m depth
C1+C2 1.66 18.0 3637600 43 502.8 /1 398 803C1+C2 1.66 18.0 3637600 43 502.8 /1 398 803
Perspectives 1.36 14.6 1219000 17 755.0 / 570 900
AMESMESSA RESOURCES BY DEPTH
DEPTH
CATEGORIE C1 CATEGORIE C1 C1+C2
Ore Gold Ore Gold Ore GoldDEPTH Ore Gold Ore Gold Ore Gold
tons kg/Oz tons kg/Oz tons kg/Oz
- 40 m787 600
13 901/ 446 978 114 100 2 086 / 67 074 901 700 15 987 / 514 051
- 80 m1 122 600
19 738 / 634 662 334 400 5 836 / 187 653 1 458 000 25 575 / 822 315
- 160 m 1 392 900 25 930/ 833 762 637 600 9 953 / 320 032 2 031 500 35 883/1 153 794
- 200 m 751 500 11 949 / 384 212 2 145 400 37 879/1 217 974
- 300 m 899 300 14 541/ 467 556 2 293 200 40 471/1 301 318
- 400 m 1 025 700 17 573/ 565 048 2 419 600 43 503/1 398 810
TOTAL 1 392 600 25 930/ 833 762 1 025 700 17 573/ 565 048 2 419 600 43 503/1 398 810
THE TIREK GOLD DEPOSIT
- The Tirek gold deposit is located atabout 64 km north of theAmesmessa mine.Amesmessa mine.
- It has been mined by open pitsfrom 2001 to 2007.The ore wasprocessed by a small CIL plant builtby MDM (South Africa). About 1 800kg (57 858 Oz) of gold was producedby the CIL process.by the CIL process.
- The Tirek mine is not operatingcurrently waiting for the studiesconcerning the transition to mine thisdeposit by underground operationsand building a new CIL plant.
THE TIREK GOLD DEPOSIT
The Tirek deposit is characterized by a significant lode device gathered in three lode device gathered in three vein fields (A, B, C) spread over an area of 11.5 Km2.
Between 1973 and 1987, ORGM carried out on this deposit an important DDH deposit an important DDH program (44 00O m), underground works (1300 m). The estimated resources for the Tirek deposit are presented in the table below:
THE TIREK GOLD DEPOSIT
Resources Ore (Tons) Grade (g/t) Gold (kg /Oz)
Catégorie C1 395 600 28.5 11 279 / 362 670
Catégorie C2 197 500 18.2 3 591 / 115 460
C1+C2 593 100 25.1 14 870 / 478 130C1+C2 593 100 25.1 14 870 / 478 130
Perspectives 113 400 17.4 1 972 / 63 410
ADDITIONAL RESOURCES OF THE ENOR’S PERMIT
• Since 2004, ENOR has confirmed and defined the differentcriteria controlling the gold mineralization at regional level by:criteria controlling the gold mineralization at regional level by:
• The alteration interpretation of the data from the ASTERsatellite has allowed the identification 76 interesting targets .The majority of these targets are located in, or near theregional shear zone cross cutting the archean basement.Some of them overlap already known occurrences.
• The air mag and spectrometric survey has also confirmed thestructural control of gold mineralization.structural control of gold mineralization.
• ENOR has carried out a soil geochemical exploration and aRC drilling program in order to check the Aster anomalies.
• Previously additional resources was estimated to 250 000Oz.
ENOR’S NEW DEVELOPMENT PROJECT
WE WOULD LIKE TO :
� Develop and increase the production capacity of our two (02) gold deposits.
� Launch an important exploration program in order to � Launch an important exploration program in order to increase known resources.
ENOR’S NEW DEVELOPMENT PROJECT
WE ARE LOOKING FOR : WE ARE LOOKING FOR :
Establishing a win-win partnership with a mining company with exploration and mining experience of gold ores located in shear zones.
A company having technical and financial capacities for the A company having technical and financial capacities for the development of mining operations in its two gold deposits using underground and open pit methods.
ADVANTAGES OFFERED TO OUR FUTUR PARTNER
�Financial contribution for the new development plan of company’s deposits.
�Tax advantages related to operation and mining in accordance with the law in force
�Competitive fuel prices
CONCLUSION
This document is a quick presentation of the Tirek andAmesmessa gold deposits as well as confirmed goldAmesmessa gold deposits as well as confirmed goldpotentialities in an area with a very favorable archeanenvironment.Our company has the support of its shareholderSONATRACH to develop mining activity in our perimeter,despite the inconclusive experience with our previouspartner.partner.We are ready to begin preliminary contacts with any miningcompany possessing the required know-how and a strongaim to develop a long term partnership with us.
APPENDIX
ASTER ANOMALIES AIR MAG WITH ORES AND OCCURENCES
ENOR’S GOLD PRODUCTION (Oz)
Amesmessa Tirek Total
2001 7588 75882001 7588 7588
2002 13312 13312
2003 1865 1865
2004 19196 19196
2005 14309 7106 21415
2006 772 9646 10418
2007 7588 7588
2008 20804 208042008 20804 20804
2009 32090 32090
2010 23248 23248
2011 10965 10965
Total 109775 58714 168489
NEW PROJECT PHILOSOPHY
Tirek Mine Amesmessa Mine
CIL
Pla
nt
Waste
Low
Grade
ore
High
Grade
Ore
Mise à
Terril
Waste
Low
Grade
ore
High
Grade
Ore
Mise à C
IL
Pla
nt
Terril
New Heap
Leach
Mise à
Terril
Heap Leach
AMESMESSA MINING INSTALLATIONS
Designation Year Obs/ origine
Tirek CIL plant 2001 MDM
Carbon plant, ADR and refinery 2006 SVEE
Crushing plant With Agglomerator 2006 Roc Impact
Chemical Laboratory and sample preparation 2006 UEE
Heap Leach Pad 2006
Power supply (6 gensets) 2006 6 x1500 KvaPower supply (6 gensets) 2006 6 x1500 Kva
Warehouse and SP magasine 2006
Mine mobile Equipment Fleet 2006 Caterpillar
Ball Mill 15 tph 2012
RC Rig with a 6x4 truck 2010 Sandvick
AMESMESSA CAMP