The Tassawini Gold Project is located approximately 45km to the east of Arakaka and has a NI 43-101 and a JORC-2004 indicated and inferred mineral resource estimate of 12.7Mt @ 1.2g/t gold for 499,000oz gold (prepared by SRK Consulting (Canada) Inc in 2008 using a 0.5g/t gold cut). A feasibility study was also completed by Gesmine Inc. Mineral Resources Management in May 2012. The deposit appears to be fairly well constrained however, the Company believes there is regional potential for additional resources with numerous soil anomalies remaining untested and there is limited drilling outside of the resource areas.
The Tassawini Gold Project is partially located on an Amerindian Reservation and is required to have an impact benefit agreement in place prior to a commercial mining licence being granted. Alicanto intends to approach the Ministry for Amerindian Affairs in order to comply with country best practices whilst securing this agreement. An environmental and social impact study was completed by the previous owners.