The Wa Property

The Wa property is located in northwest Ghana about 530 km from the capital city of Accra. Crew Gold’s rights relating to the property were acquired with the acquisition of Guinor. We have secured renewal of three prospecting licenses, which cover highly prospective Birimian greenstone host rocks where gold mineralization typically occurs as disseminations, stockworks and veins within the greenstones. The licenses cover the Julie, Colette, and Josephine areas, each of approximately 150 km2.

The Wa Property

Exploration work

Over 28,000 reconnaissance and infill geochemical samples have been collected on the property and this work has identified several high-value gold anomalies in an east-west oriented, 30 km by 10 km greenstone formation. In 2007, Crew completed its preliminary technical assessment of the three areas, and the findings largely confirmed earlier exploration results and warrant continued follow up. Previous exploration programs carried out included airborne geophysical surveys, regional and detailed soil geochemistry programs, geological mapping, trenching and drilling.

The Julie target is an east-west trending zone, with a strike length of about 6 km and 45 degrees dip to the north, with shear-hosted gold mineralization along a granite/basalt contact. A 100 m x 100 m soil geochemical sampling and trenching program exposed a shear zone of 80-100 m in width with mineralized lenses of 5 to 20 m in width. A subsequent 3,600 m drill program allowed the outlining of an inferred resource of around 300,000 oz of gold recognized to 30 m in depth. Preliminary testing has shown that the ore is not refractory and responds well to conventional leaching.

Twelve additional trenches and a complementary geochemical survey have confirmed the continuity of the mineralization in the apparently richer, eastern segment and outlined a 1.5 km further extension towards the west. The structure appears to be open along the strike and down dip.

The Colette target, located 50 km east of Wa, also features a strong geochemical signature but appears to be geologically more complex than Julie. Results from shallow trenching have revealed anomalous sections greater than 10 m in thickness. The highest gold intersections reported are 8 m @ 3.5 g/t, 14 m @ 1.2 g/t and 13 m @ 3.7g/t.

The Josephine target, located 25 km southeast of Wa, is a gold-bearing arsenopyrite occurrence with mineralization occurring at the contact aureole between schists and granite within. This has been interpreted as granitic roof facies in the basic volcanics. The prospect is large with the geochemical anomaly extending over 15 km. Trenching of areas to the north of the anomaly has returned promising gold results.