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Jibal Qutman Gold Project

The Jibal Qutman Project is located in the Asir terrane approximately 130Km from the city of Bisha, within the central-southern region of the Arabian Shield.

The Exploration Licence and Mining Licence application covers an important part of the prospective Nabitah-Tathlith Fault Zone, a 300km-long structure with numerous gold occurrences and ancient gold workings.

GMCO began exploration on this greenfields shear-zone hosted quartz vein gold target in 2012 and rapidly defined a gold resource of 733,045oz.

As a result of this exploration success and subsequent technical studies, a Mining Licence application has been made for a Heap Leach Open-Pit operation targeting the 287,329oz of oxide gold mineralisation.

Resources remain open both along strike to the north, south and down-dip and near-mine exploration is expected to add further resources to this project.

Mineral Resource Mining Type Tonnes (Mt) Au  g/t Grams Au Oz
Domain Classification
Oxide Indicated Open Pit 8,336,176 0.86 7,127,833 229,165
Inferred 9,706,111 0.86 8,376,885 29,141
Sulphide Indicated 1,342,887 0.67 906,387 269,323
Inferred 3,290,153 0.76 2,490,448 80,070
Oxide Combined 11,142,647 0.80 8,936,924 287,329
Sulphide Combined 17,312,457 0.80 13,863,307 445,716
Total Combined 28,455,104 0.8 22,800,230 733,045

*Resource statement for the Jibal Qutman project as of 2015

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