Highlights

• Supergene copper zone with 1.3 m/tonnes of 5.36% copper, 1.54 g/t gold, and 33.87 silver, containing 158 million pounds of copper in the Indicated category.
• Total Indicated NI43-101 resource - 4.47 million tonnes.
• The deep primary zone at Debarwa, which is open at depth, has an average grade of 2.53% copper with 3.23 % zinc in the Indicated category using a 1% copper cut-off and contains an additional 39 million pounds of copper and 49.8 million pounds of zinc.
• Open in several directions for expansion.

The Debarwa deposit is a copper/gold/zinc VMS deposit that is approximately 8 by 30 metres in width and dips to the west at about 50 to 60 degrees. Drilling has defined mineralization over a strike length of more than 1,000 metres and down to about 250 metres from surface. The main body of mineralization consists of three zones, the gold gossan zone at surface underlain by a zone of supergene enrichment with high-grade copper, gold and silver underlain by a zone of zinc rich primary sulphides.

Location and History

Debarwa is located approximately 25 kilometres south of the capital city of Asmara and is accessible by paved roads with excellent infrastructure. It was originally discovered in the 1960's and some underground development work was done in 1971 by an Ethiopian -- Japanese partnership.

Resource

The current NI43-101 compliant resource was completed by MSA and announced early in 2008.

Quick Bird Image of Debarwa VMS Deposit	Debarwa Simplified Geology and Drill Holes	Debarwa VMS Section 99965N
Debarwa Main Simplied Geology and Drillhole Location	Debarwa South Simplified Geology and Drillhole Location	Debarwa Main Zone, Geology and Drillhole Map
Debarwa Geology	Debarwa VMS Gravity