gold update - 53,000 kg's, page-16

VARUN GROUP Madagascar has also acquired gold and Platinum Blocks which are located in Ranopiso region of Fort Du phine (Extreme south of Madagascar). The historical study been conducted by Geological Service of Madagascar in the year 1964. This was the first time research carried out and declared the prospect and presence of Gold and Platinum. However In the year of 1966, UNO (United Nation Organization) has also conducted separate research program in the said region and confirmed the occurrence of Gold & Platinum.As per the historical estimation and drilling made by UNO it can be estimated the following reserve base…

Gold: 20 Tonnes (30% higher quantity can be available).

Platinum: 10 Tonnes (30% higher quantity can be available).

Exploration: IHOSY

Recently VARUN has acquired 142 different Blocks (size 650 Mt x 650 Mt) in the IHOSY region. There are prominent gold and precious stone veins located in a prominent manner.