Koulou Gold Corp.
1570 – 1111 West Georgia Street,
Vancouver, BC V6E 4M3
Canada
info@koulougoldcorp.com
Koulou Gold Drills 26.0m at 2.37 g/t Au incl. 18.0m at 3.15 g/t Au at the Sakassou Project, Côte d’Ivoire
July 8, 2024Vancouver, British Columbia, July 8, 2024 – Koulou Gold Corp. (“Koulou Gold” or the “Company”) is pleased to announce the results of the 2024 drill program at the Sakassou Project, located in central Côte d’lvoire. Assays from 95 reverse circulation (RC) drill holes, totalling 10,153 meters of drilling completed in May, are reported herein.
Drilling Highlights include the following:
BWRC24-006: 26.0m at 2.37 g/t Au incl. 18.0m at 3.15 g/t Au, which incl. 3.0m at 5.55 g/t Au
BWRC24-008: 22.0m at 1.33 g/t Au incl. 4.0m at 4.00 g/t Au
BWRC24-012: 26.0m at 1.12 g/t Au incl. 3.0m at 3.16 g/t Au
BWRC24-015: 13.0m at 1.69 g/t Au incl. 5.0m at 3.92 g/t Au, which incl. 3.0m at 5.69 g/t Au
BWRC24-007: 19.0m at 1.09 g/t Au incl. 3.0m at 3.77 g/t Au
BWRC24-021: 23.0m at 0.82 g/t Au incl. 3.0m at 3.80 g/t Au
BWRC24-014: 16.0m at 1.13 g/t Au
ERC24-001: 12.0m at 1.26 g/t Au incl. 1.0m at 10.40 g/t Au
ERC24-025: 21.0m at 0.68 g/t Au incl. 1.0m @ 7.10 g/t Au
Figure 1. Bravo Target drill results summary and geology map
Discussion of Results
The 2024 RC drill program at the Sakassou Project was designed to test along strike, with broad step-outs, at Bravo West as well as test several new regional targets at the Echo and Charlie prospects generated from detailed geochemical, ground magnetic and IP surveys completed in 2022-2023 (see press release dated March 27, 2024). Broadly consistent mineralisation was intersected throughout the Bravo West structural corridor (Figures 1, 2, and 3) and additional gold mineralisation was confirmed testing new target areas at Echo and Charlie (Figures 4 and 5; Table 1).
Alex Ruggieri, CEO of Koulou, commented, “The 2024 Sakassou RC program continued to exhibit wide zones of consistent mineralisation in broad step-out and infill drilling within the Bravo structural corridor. The discovery of a new parallel structure has the potential to add additional scale to this newly discovered gold system which remains open with significant room to grow both at depth and along strike.”
Figure 2. Bravo West long section looking northwest (TOFR = Top of fresh rock)
Bravo West Target
The 2024 drill program at Bravo successfully confirmed consistent grade and widths and uncovered an additional 300m of strike length towards the northeast at Bravo West increasing the size of the mineralised footprint to 1.3 kilometers by up to 160m wide (summary of 2024 results summarized in Table 1). BWRC24-006 intersected 2.37 g/t Au over 26m towards the southwestern margin of the current footprint and BWRC-021 intersected 0.82 g/t Au over 23m at the northeastern end of the current footprint (Figures 1 & 2). Additionally, BWRC24-009 intersected 0.63 g/t Au over 23m within a new parallel mineralised sandstone lens, which could significantly increase the volume of mineralised rock at Bravo West (Figures 1, 2, 3). Gold mineralisation at the Bravo West trend is mainly hosted within quartz stockwork that preferentially formed in deformed sandstone/conglomerate horizons (Figures 1 & 3).
Figure 3. Bravo West section A Interpretation (TOFR = Top of fresh rock, Sect. Az: 135°, thickness 80m)
Intersection lineations between the dominant foliation and bedding measured at Bravo West plunge moderately towards the northeast (31/042°). This intersection lineation is expected to be parallel to the plunge of the fold-hinges of the mapped folds. Fold-hinges typically form zones of more robust mineralisation where more intense fracturing could have occurred especially in more competent lithologies such as sandstone and conglomerates. The red arrows on the long section at Bravo West represent the orientation of the measured intersection lineations and suggest a potential orientation of a plunging shoot of more robust mineralisation (Figure 2).
The main Bravo West trend is interpreted to sit along the margin of a late orogenic fault-bounded Tarkwaian equivalent sedimentary basin. The main Bravo West trend has only been tested to approximately 100m vertical depth (Figure 2) and remains open at depth and towards the northeast for approximately 2 kilometers (Figure 1). The highest grade and best intercepts to date (33.0m at 2.38 g/t Au) have been hosted in fresh rock, below 50m vertical from surface (Figure 2). The next phase of exploration at Bravo West will systematically test at depth and along strike with oriented diamond core to better understand the geometry of gold mineralisation along this structural corridor.
Echo Target
The drill program at Echo confirmed the broad zone of 0.33g/t Au over 62m intersected in trench ETR05A (see press release dated March 27, 2024) with a fence that intersected alteration and sulphides hosted within siltstone and sandstones. Gold was intersected in several holes, including ERC24-007 which returned several anomalous zones, including 0.44 g/t Au over 19m. Also, ERC24-001 tested beneath ESRC-026 (ended in mineralisation and intersected 6.94 g/t Au over 5m; see press release dated March 31, 2022) and returned 1.26 g/t Au over 12m. Additionally, ECR24-025 tested under a new artisanal pit and intersected 0.68 g/t Au over 21.0m and remains open in all directions (Figure 4). Gold mineralisation at Echo seems to be spatially associated with faulting/shearing parallel to axial planes and transposed limbs of regional folds.
Figure 4. Echo Target drill results summary and geology map
Charlie Target
The robust three-kilometer-long and up to 350m wide, in-situ, gold-in-soil geochemical anomaly at Charlie is spatially associated with an oblique splay of a major domain boundary observed in the magnetic map and spatially associated with high-chargeability and high-resistivity anomalies (see press release dated March 27, 2024). Intense zones of sericite alteration, silicification, quartz veining, and sulphides hosted in mafic-intermediate volcanics, mafic-intermediate intrusive rocks, and clastic sedimentary rocks were intersected along this trend. Gold mineralisation was intersected in several holes along this structural corridor, including CRC24-020 which intersected 1.31 g/t Au over 6.0 m (Figure 5).
Figure 5. Charlie Target drill results summary and geology map
Table 1. Summary of 2024 Au composite results at Sakassou. (Significant intercepts were generated in Seequent Target software using the following specifications: minimum composite grade: 0.25 g/t Au, minimum composite length: 3.0m, cutoff grade: 0.25 g/t Au, maximum internal dilution length: 3.0m, Minimum internal dilution grade: 0.0 g/t Au)
HOLE ID | From (m) | To (m) | Interval (m) | Au (g/t) | Grade*Thickness (g/t Au * m) | |
BWRC24-001 | 22 | 34 | 12 | 0.74 | 8.82 | |
BWRC24-003 | 85 | 94 | 9 | 1.36 | 12.22 | |
incl. | 89 | 92 | 3 | 3.40 | ||
BWRC24-006 | 34 | 60 | 26 | 2.37 | 61.56 | |
incl. | 34 | 52 | 18 | 3.15 | ||
incl. | 41 | 44 | 3 | 5.55 | ||
BWRC24-007 | 142 | 161 | 19 | 1.09 | 20.79 | |
incl. | 146 | 149 | 3 | 3.77 | ||
and | 166 | 173 | 7 | 0.92 | 6.41 | |
BWRC24-008 | 101 | 123 | 22 | 1.33 | 29.17 | |
incl. | 119 | 123 | 4 | 4.00 | ||
BWRC24-009 | 24 | 47 | 23 | 0.63 | 14.51 | |
BWRC24-012 | 84 | 110 | 26 | 1.12 | 29.02 | |
incl. | 96 | 99 | 3 | 3.16 | ||
BWRC24-013 | 43 | 62 | 19 | 0.78 | 14.83 | |
BWRC24-014 | 110 | 126 | 16 | 1.13 | 18.01 | |
BWRC24-015 | 25 | 33 | 8 | 0.64 | 5.13 | |
and | 37 | 50 | 13 | 1.69 | 22.03 | |
incl. | 37 | 42 | 5 | 3.92 | ||
and incl. | 39 | 42 | 3 | 5.69 | ||
BWRC24-016 | 131 | 147 | 16 | 0.48 | 7.66 | |
BWRC24-017 | 8 | 26 | 18 | 0.76 | 13.71 | |
BWRC24-018 | 44 | 58 | 14 | 0.64 | 8.93 | |
BWRC24-021 | 8 | 31 | 23 | 0.82 | 18.84 | |
incl. | 15 | 18 | 3 | 3.80 | ||
BERC24-005 | 57 | 60 | 3 | 2.15 | 6.44 | |
ERC24-001 | 82 | 94 | 12 | 1.26 | 15.09 | |
incl. | 90 | 93 | 3 | 3.74 | ||
and | 122 | 128 | 6 | 1.22 | 7.33 | |
ERC24-002 | 71 | 78 | 7 | 1.08 | 7.53 | |
ERC24-007 | 10 | 29 | 19 | 0.44 | 8.33 | |
and | 35 | 39 | 4 | 1.62 | 6.48 | |
ERC24-017 | 50 | 67 | 17 | 0.59 | 9.97 | |
ERC24-022 | 95 | 100 | 5 | 1.38 | 6.92 | |
ERC24-025 | 32 | 53 | 21 | 0.68 | 14.32 | |
CRC24-002 | 11 | 21 | 10 | 0.46 | 4.6 | |
CRC24-013 | 78 | 81 | 3 | 1.45 | 4.35 | |
CRC24-020 | 55 | 61 | 6 | 1.31 | 7.86 |
Sakassou Mapping
Recent mapping efforts uncovered several new lithologies at Sakassou, most notably including the polymictic conglomerates at Bravo-East with rounded and elongated quartz (quartz vein and cherty material) pebbles, detrital magnetite, and elongated clasts with well developed earlier foliations oblique to the clast alignment and bedding trace (Figures 6 & 7). These polymictic conglomerates are found within and proximal to the margin of a major magnetic low domain observed in the regional magnetic map (Figure 6). These observations suggest the mineralisation at Bravo is hosted in and situated along the margin of a late-orogenic fault-bounded molasse type basin, equivalent to the Tarkwaian rocks found in Ghana and fault-bounded Tarkwaian equivalent basins found elsewhere in Côte d’Ivoire. Similar petrographic observations were made on the sedimentary lithologies at both Angovia and Yaouré and according to Meriaud et al., (2020) compare well to the fault-bounded molasse basin deposits in Ghana.
Figure 6. Sakassou project regional geology and magnetic maps overview
Figure 7. Polymictic conglomerate found at Bravo East
Table 2. Drill collar table of reported drill holes from the 2024 RC Program (CRS: WGS 84/ UTM Zone 30N)
Hole ID | Easting | Northing | Elevation (m) | Depth | Dip | Azimuth | Target |
BERC24-001 | 210088 | 805944 | 190 | 120 | -45 | 135 | Bravo East |
BERC24-002 | 210041 | 805995 | 192 | 100 | -45 | 135 | Bravo East |
BERC24-003 | 210519 | 805514 | 196 | 102 | -45 | 315 | Bravo East |
BERC24-004 | 210473 | 805559 | 196 | 96 | -45 | 315 | Bravo East |
BERC24-005 | 210426 | 805605 | 196 | 102 | -45 | 315 | Bravo East |
BERC24-006 | 210381 | 805650 | 196 | 100 | -45 | 315 | Bravo East |
BERC24-007 | 210333 | 805698 | 198 | 100 | -45 | 315 | Bravo East |
BERC24-008 | 210285 | 805744 | 195 | 100 | -45 | 315 | Bravo East |
BERC24-009 | 210237 | 805790 | 194 | 102 | -45 | 315 | Bravo East |
BERC24-010 | 210192 | 805837 | 194 | 120 | -45 | 315 | Bravo East |
BWRC24-001 | 209518 | 805146 | 197 | 100 | -45 | 315 | Bravo West |
BWRC24-002 | 209471 | 805193 | 201 | 100 | -45 | 315 | Bravo West |
BWRC24-003 | 209426 | 805237 | 204 | 100 | -45 | 315 | Bravo West |
BWRC24-004 | 209379 | 805287 | 207 | 132 | -45 | 315 | Bravo West |
BWRC24-005 | 209334 | 805334 | 209 | 100 | -45 | 315 | Bravo West |
BWRC24-006 | 208371 | 805099 | 194 | 100 | -45 | 315 | Bravo West |
BWRC24-007 | 208418 | 805035 | 193 | 200 | -45 | 315 | Bravo West |
BWRC24-008 | 208534 | 805205 | 201 | 138 | -45 | 315 | Bravo West |
BWRC24-009 | 208575 | 805166 | 203 | 126 | -45 | 315 | Bravo West |
BWRC24-010 | 208558 | 805463 | 208 | 84 | -45 | 315 | Bravo West |
BWRC24-011 | 208596 | 805426 | 208 | 80 | -45 | 315 | Bravo West |
BWRC24-012 | 208662 | 805365 | 210 | 120 | -45 | 315 | Bravo West |
BWRC24-013 | 208745 | 805488 | 214 | 102 | -45 | 315 | Bravo West |
BWRC24-014 | 208917 | 805600 | 219 | 136 | -45 | 315 | Bravo West |
BWRC24-015 | 209050 | 805823 | 217 | 108 | -45 | 315 | Bravo West |
BWRC24-016 | 209095 | 805774 | 219 | 150 | -45 | 315 | Bravo West |
BWRC24-017 | 209152 | 805932 | 212 | 85 | -45 | 315 | Bravo West |
BWRC24-018 | 209201 | 805879 | 211 | 108 | -45 | 315 | Bravo West |
BWRC24-019 | 208796 | 805230 | 208 | 100 | -45 | 315 | Bravo West |
BWRC24-020 | 209050 | 805622 | 220 | 204 | -45 | 315 | Bravo West |
BWRC24-021 | 209249 | 806038 | 206 | 65 | -45 | 315 | Bravo West |
BWRC24-022 | 209279 | 805992 | 206 | 114 | -45 | 315 | Bravo West |
CRC24-001 | 205764 | 822360 | 219 | 100 | -45 | 305 | Charlie |
CRC24-002 | 205817 | 822318 | 218 | 100 | -45 | 305 | Charlie |
CRC24-003 | 205872 | 822279 | 217 | 150 | -45 | 305 | Charlie |
CRC24-004 | 205922 | 822242 | 215 | 48 | -45 | 305 | Charlie |
CRC24-004B | 205921 | 822243 | 215 | 102 | -45 | 305 | Charlie |
CRC24-005 | 205974 | 822201 | 213 | 102 | -45 | 305 | Charlie |
CRC24-006 | 206044 | 822182 | 206 | 100 | -45 | 305 | Charlie |
CRC24-007 | 206082 | 822113 | 207 | 100 | -45 | 305 | Charlie |
CRC24-008 | 205505 | 822567 | 218 | 100 | -45 | 305 | Charlie |
CRC24-009 | 205559 | 822521 | 219 | 100 | -45 | 305 | Charlie |
CRC24-010 | 205611 | 822475 | 220 | 100 | -45 | 305 | Charlie |
CRC24-011 | 205661 | 822444 | 220 | 100 | -45 | 305 | Charlie |
CRC24-012 | 205716 | 822402 | 219 | 102 | -45 | 305 | Charlie |
CRC24-013 | 205532 | 821817 | 200 | 100 | -45 | 309 | Charlie |
CRC24-014 | 205580 | 821768 | 201 | 100 | -45 | 309 | Charlie |
CRC24-015 | 205626 | 821724 | 205 | 100 | -45 | 309 | Charlie |
CRC24-016 | 205723 | 821633 | 210 | 102 | -45 | 309 | Charlie |
CRC24-017 | 205674 | 821679 | 208 | 100 | -45 | 309 | Charlie |
CRC24-018 | 205485 | 821861 | 206 | 100 | -45 | 309 | Charlie |
CRC24-019 | 205438 | 821906 | 208 | 102 | -45 | 309 | Charlie |
CRC24-020 | 206318 | 823437 | 243 | 90 | -45 | 300 | Charlie |
CRC24-021 | 206385 | 823388 | 246 | 126 | -45 | 300 | Charlie |
CRC24-022 | 206694 | 823470 | 245 | 159 | -45 | 310 | Charlie |
CRC24-023 | 206366 | 823758 | 243 | 104 | -45 | 310 | Charlie |
CRC24-024 | 206408 | 823708 | 244 | 102 | -45 | 310 | Charlie |
CRC24-025 | 206434 | 823632 | 245 | 107 | -45 | 310 | Charlie |
CRC24-026 | 206489 | 823605 | 245 | 100 | -45 | 310 | Charlie |
CRC24-027 | 206561 | 823578 | 245 | 114 | -45 | 310 | Charlie |
CRC24-028 | 206608 | 823539 | 246 | 100 | -45 | 310 | Charlie |
ERC24-001 | 204876 | 809339 | 200 | 138 | -50 | 300 | Echo |
ERC24-002 | 204791 | 809310 | 201 | 140 | -45 | 300 | Echo |
ERC24-003 | 204639 | 809314 | 205 | 123 | -45 | 300 | Echo |
ERC24-004 | 207101 | 810477 | 211 | 100 | -45 | 300 | Echo |
ERC24-005 | 207044 | 810509 | 209 | 100 | -45 | 300 | Echo |
ERC24-006 | 206987 | 810541 | 209 | 100 | -45 | 300 | Echo |
ERC24-007 | 206931 | 810575 | 207 | 100 | -45 | 300 | Echo |
ERC24-008 | 206866 | 810613 | 205 | 100 | -45 | 300 | Echo |
ERC24-009 | 206815 | 810641 | 203 | 100 | -45 | 300 | Echo |
ERC24-010 | 206761 | 810673 | 201 | 100 | -45 | 300 | Echo |
ERC24-011 | 206196 | 810494 | 194 | 100 | -45 | 300 | Echo |
ERC24-012 | 206138 | 810530 | 193 | 102 | -45 | 300 | Echo |
ERC24-013 | 205990 | 810253 | 189 | 150 | -45 | 300 | Echo |
ERC24-014 | 205629 | 811038 | 208 | 102 | -45 | 330 | Echo |
ERC24-015 | 205652 | 810982 | 208 | 100 | -45 | 330 | Echo |
ERC24-016 | 205678 | 810921 | 207 | 100 | -45 | 330 | Echo |
ERC24-017 | 205577 | 810463 | 202 | 100 | -45 | 300 | Echo |
ERC24-018 | 205635 | 810429 | 199 | 100 | -45 | 300 | Echo |
ERC24-019 | 205693 | 810396 | 197 | 100 | -45 | 300 | Echo |
ERC24-020 | 205751 | 810363 | 194 | 100 | -45 | 300 | Echo |
ERC24-021 | 205804 | 810334 | 192 | 100 | -45 | 300 | Echo |
ERC24-022 | 205867 | 810306 | 190 | 100 | -45 | 300 | Echo |
ERC24-023 | 205417 | 810275 | 194 | 100 | -45 | 120 | Echo |
ERC24-024 | 205362 | 810310 | 195 | 102 | -45 | 120 | Echo |
ERC24-025 | 205297 | 810524 | 203 | 65 | -45 | 300 | Echo |
ERC24-026 | 205311 | 810481 | 201 | 102 | -45 | 300 | Echo |
ERC24-027 | 205966 | 810629 | 193 | 100 | -45 | 300 | Echo |
ERC24-028 | 205913 | 810665 | 195 | 150 | -45 | 300 | Echo |
ERC24-029 | 206009 | 810599 | 191 | 107 | -45 | 300 | Echo |
ERC24-030 | 206275 | 811209 | 203 | 108 | -45 | 300 | Echo |
ERC24-031 | 206204 | 811225 | 203 | 60 | -45 | 300 | Echo |
ERC24-032 | 206081 | 810560 | 191 | 100 | -45 | 300 | Echo |
PE24-014 | 205921 | 810262 | 188 | 100 | -45 | 300 | Echo |
PE24-027 | 205853 | 810691 | 203 | 100 | -45 | 300 | Echo |
About The Sakassou Property
The 396.91 km2 Sakassou property (PR 944) is located in central Côte d’Ivoire on the northeast trending Bouaflé greenstone belt approximately 30 kilometres northwest of Perseus Mining’s Yaouré mine (Figure 8), which produces over 200koz per year and has a Proven and Probable reserve of 37.2Mt at 1.73 g/t containing 2.07Moz of gold*, as at December 31, 2023(1). Sakassou is also located approximately 140 kilometres southwest of Endeavour’s Lafigué development project that is expected to produce over 200koz per year and has a Proven and Probable reserve of 49.8Mt at 1.69 g/t containing 2.7Moz of gold*, as at December 31, 2023(2).
Koulou Gold entered the Sakassou project in 2021 after signing an earn-in agreement with local partner, Global Minerale SA (GMSA). Subsequently, exploration works have followed a consistent phased approach, including soil sampling and trenching between 2019 - 2020 by GMSA, followed up by geological mapping, infill soil sampling, ground geophysics and drilling by Koulou Gold in 2021 and 2024.
Soil sampling, trenching and reverse circulation drilling has identified four kilometre-scale targets hosted along northeast trending structures, hosted within clastic sedimentary and volcanic rocks (Figure 9). To date, gold mineralisation is found to be closely associated with stockwork quartz veining, silicification, sericite alteration and disseminated pyrite preferentially developed within more competent lithologies, most notably, coarser grained sandstones and conglomerates.
Figure 8. Koulou Gold Corp Projects location
Figure 9. Sakassou project regional geology and soil geochemistry map
(1) www.perseusmining.com/wp-content/uploads/2023/09/Annual-Report-2023.pdf?v=090812
(2) www.endeavourmining.com/our-business/lafigue-project
QA/QC and Chip Sampling Protocols
All drill samples were collected under the supervision of Koulou Gold Corp. employees. One meter RC samples are taken directly from the cyclone and get weighed. Each sample is split into three, one is sent to the lab, one is used as a witness, and the remaining is kept in a large, numbered sample bag. A porridge bowl is used to collect a representative sample from the large sample bag and is washed and logged by a geologist. Samples are bagged, blanks and Certified Reference Materials are inserted at regular intervals and follow industry Quality Assurance/Quality Control (QA/QC) standards. Groups of samples are placed in large bags and transported by a member of the Koulou team from the project directly to MSALABS laboratory in Yamoussoukro, Côte D’Ivoire.
Samples were prepared for analysis according to MSALABS method CRU-CPA: where individual samples will be dried, crushed to 2mm, and split. Gold in samples will be analyzed using MSALABS method CPA-Au1 where a 500g split is analyzed using photon assay.
The Certified Reference Materials (CRMs) used are commercially certified standards purchased in 60g packs from Oreas. Four orogenic gold CRMs were used (Oreas 231, Oreas 251b, Oreas 234, Oreas 216b) covering a grade range of 0.499 g/t to 6.66 g/t. Blank material is sand from a sandy quarry near to Ando-Kokrenou village within the permit. This material has been used in the past and has proven to be barren.
To ensure the QA/QC of the photon assay analytical method at MSALABS, 1,029 samples from each prospect including 62 QA/QC were sent to SGS Yamoussoukro for fire assay (FA) analysis (PRP87/FAA505) on 50g aliquots to validate the photon assay results. After checking and validating all the inserted QAQC, the FA results are a true representation of the samples grade. The statistical comparison of the FA and photon assay results show a positive correlation with a statistically non-significant bias. Minor differences are likely due to random variability within the sample.
Qualified Person
Mr. Robin Kelly, FIMMM. CSci (667080), “Qualified Person” under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.
About Koulou Gold Corp.
Koulou Gold Corp. is a private mineral exploration company incorporated under the laws of the Province of British Columbia and based in Vancouver, British Columbia, Canada. Koulou Gold’s focus is early to advanced-stage exploration in West Africa. The Company currently holds an option to earn up to 100% interest in the Sakassou Project in central Côte d’Ivoire, and an additional exploration licence in the well-endowed Syama – Boundiali greenstone belt in northern Côte d’Ivoire.
On behalf of Koulou Gold Corp.
Désiré Aboukan, President and Director
For further information, please contact:
Alex Ruggieri, CEO and Director
Koulou Gold Corp.
alex@koulougoldcorp.com
+1 778 888 4986
Cautionary Statement Regarding Forward Looking Statements
This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects', "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.