Share Price

$0.140 AUD

As at 10:45 AEST on 23/02/2012
ASX Code: SIH

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Indonesia

Sihayo Gold Project, Sumatra.

The Sihayo Gold project is located near the west coast of North Sumatra, approximately 200km northeast of Padang city which has international and domestic air links. Access to the project area is via the sealed Trans Sumatran Highway from Padang.

The project area contract of work covers an area of 66,200ha .The original contract of work comprised an area of 201,600ha, as per the contract of work agreement this area has been relinquished to 66,200ha and is now divided into two blocks.

The contract of work requires a third and final relinquishment at the time construction permit is applied for.

Although most exploration programs completed to date have focused on the Sihayo prospects in the northern block, Sihayo Gold has recently initiated to review all ground in the contract of work. The contract of work has a high potential to become the largest mineral deposit in the region.

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