24Carat is conducting a near mine exploration program focused on high priority targets that have the potential to add near-term resources to the Gold Mine using systematic and low-cost exploration methods.

An extensive regional prospectivity mapping exercise undertaken in 2014 by external consultants concluded that only 7% of 24Carat’s highly prospective concession area had been historically explored effectively. The study has provided a better understanding of the controls on the location of gold deposit formation and the expression of these controls in exploration data and a significant number of new exploration targets have been generated. The identified targets provide a clear opportunity for the exploration team and offer the potential for rapid delineation of new deposits and resource areas.

In 2016, three additional near mine, near surface deposits were discovered - Nkran Extension, Adubiaso Extension and Akwasiso

The targets at Asumura are disseminated open pit gold deposits. Mineralization at Asumura is spatially associated with NE trending faults in a variety of lithologic settings. 24Carat has recently reinterpreted the geophysical data covering the area, and the ensuing refined structural model has highlighted a number of new drill targets.