AXMIN Inc V.AXM.H

More Royalties from TGZ? Past work shows promise

[loubastone]

https://www.terangagold.com/investors/news/new-releases-details/2017/Teranga-Gold-Achieves-Strong-2016-Operating-Performance/default.aspx Within the regional permits, additional core drilling provided encouraging results at the Doughnut Jam prospect and the Marougou Main deposit which warrant additional work. On the Sounkounkou KB prospect, trenching across geochemical soil anomalies identified two broad mineralized zones with potential for additional exploration. On the Sounkounkou Permit systematic exploration of the various targets and prospects throughout the Doughnut area continue to provide considerable encouragement, all of which are expected to lead to follow-up trenching and drilling campaigns on a number of fronts in the first half 2017. At the Jam prospect, the initial six holes have yielded encouraging results and trenching programs on the Honey prospect continue to outline extensions to several broad zones of gold mineralization, requiring additional follow-up work. More recent exploration trenching conducted over geochemical gold-in-soil anomalies at the KB prospect have identified two broad mineralized zones with potential warranting follow up evaluation in first quarter 2017. https://s2.q4cdn.com/949220588/files/doc_financials/quarterly/2018/05-03-2018-Teranga-Gold-Q1-MDA-and-FS-Report.pdf The mining agreements of the new explorations permits of Sounkounkou and Bransan were signed on March 2, 2018 and these new permits were approved by the Senegalese Minister of Mines on March 30, 2018.