1. Olukunle Amoo BestKamco Resources, Toronto, Canada
Okolom Gold Mine
Olukunle Amoo
BestKamco Resources, Toronto, Canada

2. General Description
The mine is one of the richest known deposit in Nigeria with a recorded mining grade of 30g/ton
Assay results of up to 36g/ton were recorded for chip samples from Okolom
Extensive lenses and veins of quartz in faults and shear zone were found
Geophysical investigation identified a main quartz vein of approximately 2.8km. Two major sub parallel suspected veins of about 800m and 1.5km were delineated
It compares with the “pinch and swell” structures found in California

3. Location Okolom/Isanlu, Yagba East local Government, Kogi, Nigeria.
Between Latitude 8 15’ and 8 30’ N and longitude 6 25’ and 6 55’ E

4. Structural Map showing Okolom Prospects

5. Okolom Prospect – Upper and Lower
q – Vein quartz
a – Amphibolite
ts –Talc schist
bG – Biotite Gneiss
UOP – Upper Okolom Prospect
LOP – Lower Okolom Prospect

6. Property Owners
DAMCO Nigeria Ltd
and
Nigerian Mining Corporation

7. Project Status
Reconnaisance scale mapping of the area including stream sediment sampling and panning (1: 50,000)
Semi detailed mapping and sampling of Okolom/Dogon Daji veins outcrops
Detailed mapping of veins (1: 2,000) and orientation soil sampling
Scout drilling of 10 boreholes to a cumulative depth of 339 meters

8. Infrasructure
Fairly accessible by untarred road at 23 km north from Isanlu which is connected to the national electricity grid
Water would be available all year round through the ponding of the Okolom river
Telephone facilities available

9. Exploration Results
Gold values in quartz veins are variable along strike from 0.1 to 36g/t Au in Okolom
Gold values also vary in weathered gneiss (up to 12.96g/t Au)
Five of the directional drilled holes showed mineralization at between 13.6m and 19.73m vertical depth

10. Exploration Expenditure
More than $0.8 million dollars up to date
Financial engagement as well as joint venture agreement to be determined with Prospective Investors

11. Potential
The potential of the Okolom Gold Deposit is estimated at 2 Moz of Gold.

12. Preliminary Operation Target
Exploration work until end of 2006
Feasibility study
Construction
Production start Up 2009
MINING Underground
OPERATION ,000 mt/d mining capacity
PROCESSING - Cyanide Leaching, recovery
+90 %

13. Contact For further information, Please contact Olukunle Amoo
Bestkamco Resources
Toronto Canada

14. Preliminary Estimation of Economic Viability (scenario for a 0
Preliminary Estimation of Economic Viability (scenario for a 0.75 Moz deposit (pessimistic approach) )
Initial Costs (Exploration, Feasibility Study) US$ 6 Million
Capital Investment for 1,000 mt/d operation US$ 10 Million
Estimated Operating costs Mining and beneficiation US$ 150 per oz