The 93 sq km Oklila licence includes the main Pandora epithermal vein target (comprising Pandora and Pandora South prospects) which is up to 15 metres wide at surface and can be traced over a strike length of approximately 2 km. Grades vary from 5ppb Au to 54.5g/t Au.

Located 250 metres SW of the main Pandora structure, the Pyrrha Vein has been identified over a strike length of 1.5 km. The vein is generally less than 1 m in thickness. High gold assays of up to 71.60 g/t Au at surface could indicate a potential for the presence of high gold grades at depth. Further mapping in the area has also discovered the Thyia Zone which appears to be a linkage structure between Pyrrha and Pandora. The entire system at Oklila comprises over 10 km strike of outcropping and inferred veins.

A maiden diamond drilling programme was completed in 2016 for 2,159 m in 15 holes across the Pandora South and Pandora Central zones. The best results were yielded from paired holes OK-D-10 and OK-D-11, and OK-D-12 and OK-D-13 that were drilled 200 m apart and included 1.36 m @ 10.55 g/t Au and 6.87 m @ 4.45 g/t Au. These holes have confirmed continuity of surface mineralisation to a vertical depth of approximately 150 m below surface, with the intersections in holes OK-D- 10 and OK-D-11, and OK-D-12 and OK-D-13 correlating with surface values of 1.30 m @ 6.40 g/t Au and 1.90 m @ 20 g/t Au respectively.

In H1-2018, TSD completed Phase 2 drilling for 3,036.5 m in 18 holes. The aim of this drilling was to test the depth-extension of previously drilled mineralisation and identify potential higher-grade ore shoots within the system that could lead to the definition of a resource. Results demonstrated broad zones of multi-gram gold mineralisation towards the NW-end of the main Pandora vein, as well as narrower zones of higher-grade mineralisation. Best results (recalculated by the Company using a 0.2 g/t Au cut-off) include:

• • 20.17 m @ 1.16 g/t Au (from 4.23 m in hole OK-DD-17);
  • 11.83 m @ 0.82 g/t Au (from 67.17 m in hole OK-DD-19);
  • 16.80 m @ 1.47 g/t Au (from 94.30 m in hole OK-DD-20)
  • 8.30m @ 7.21 g/t Au from 144.55m, including 0.80m @ 26.10 g/t Au (Ok-D-25);
  • 10.00m @ 1.20 g/t Au from 130.00m including 5.85m @ 1.90 g/t Au (Ok-D-29);
  • 35.07m @ 1.28 g/t Au from 109.55m including 9.80m @ 3.06 g/t Au and 2.40m @ 1.75 g/t Au (Ok-D-31);
  • 1.10m @ 5.10 g/t Au from 42.00m including 0.50 m @ 9.91 g/t Au, and 1.22m @ 55.40 g/t Au from 50.38m (Ok-D-32); and
  • 3.54m @ 2.35 g/t Au from 100.46m (Ok-D-33).

Importantly, hole OK-D-32 was drilled to intersect the WNW-oriented Pyrrha vein, which appears to be part of the same structurally-controlled vein system as the Pandora vein, and returned 55.4 g/t Au over 1.22m from approximately 32m below surface (based on -50° drill hole inclination). Review of the satellite imagery suggests a series of structural offsets (a sign of strain accommodation) in the zone between the main Pandora and Pyrrha structures, that are likely to have created enhanced zones of dilation and gold deposition.

More recently, a Phase 3 drilling programme was completed for 1,242 m in Q1-2020. Results from the 13-hole programme support those yielded from the previous drilling phases, with the best intersections yielded at the north-western end of main Pandora prospect and at the south-eastern end of Pyrrha prospect. Best results (recalculated by the Company using a 0.3 g/t Au cut-off) include:

• • 16.86 m grading 1.42 g/t Au from 13.00 m, including 6.63 m at 2.68 g/t Au (Ok-D-46)
  • 1.50 m grading 1.05 g/t Au from 43.25 m (Ok-D-35)
  • 6.80 m grading 2.19 g/t Au from 23.58 m (Ok-D-36)
  • 5.00 m grading 1.10 g/t Au from 107.00 m (Ok-D-44)

Mineralisation is predominantly related to quartz vein and hydrothermal silica breccia, with associated demagnetisation of the basalt host rocks. Highest grades are related to the presence of sulphide-rich chalcedonic silica, as shown in the following two cross-sections (modified after TSD to show intersections at 0.3 g/t Au cut-off).

TSD has advised that it will complete a full review of data from its projects in Djibouti ahead of planning any follow-up programmes.

At the Hesdaba project, 10 km northwest of Pandora, detailed mapping has identified four main veins systems – Maranzana, Caravan, Red Horns and Stripes – over a combined strike of 16 km. As at Pandora, mineralisation is predominantly related to quartz veins and hydrothermal silica breccia. Initial surface grab sampling of a single sample at Caravan has returned 7.62 g/t Au, with a further 19 samples from Red Horns delivering 10 samples above 0.5 g/t Au and a best result of 3.82 g/t Au. A follow-up programme of 259 samples (incl QAQC) delivered over 1 g/t Au in 26 samples, best results include:

• 36.90 g/t Au and 6.80 g/t Au from the Red Horns prospect
• 19.00 g/t Au and 16.45 g/t Au from the Caravan prospect
• 10.35 g/t Au returned from the Maranzana prospect

Phase 1 drilling programme was completed across the prospects in 2020 for 2,242.31m of diamond drilling in 17 holes and 3,413m of RC drilling in 33 holes. Selective sampling of holes at the Caravan prospect (Hd-D-11 and Hd-D-14) and the Maranzana prospect (Hd-D-12 and Hd-D-13) returned a best intersection of 1.00m grading 2.1 g/t Au from hole Hd-D-14. The widest zones of mineralisation have be returned from the Red Horns prospects, with best intersections including:

• 12.00m grading 1.99 g/t Au from 14.00m, including 6.00m grading 2.17 g/t Au and 3.00m grading 3.12 g/t Au (Hd-R-04);
• 15.00m grading 4.08 g/t Au from 53.00m, including 5.00m grading 11.11 g/t Au (Hd-D-08); and
• 19.80m grading 1.18 g/t Au from 79.30m including 10.75m grading 26.27 g/t Au, centred around a bonanza-grade hydrothermal breccia that has returned 211 g/t Au over 1.22m (Hd-D-17)

Dimaond holes Hd-D-08 and Hd-D-17 are located c.250m apart, suggesting continuity of the mineralitation along strike. Results from another three boreholes, drilled along 800m strike on this system are pending.

Located c.16 km to the North of Pandora, initial surface sampling confirmed low-sulphidation gold mineralisation over a vertical interval of 150m and 3km along strike. Best intersections from channel sampling include 15.70m grading 5.05 g/t Au, 6.00m grading 10.35 g/t Au and 26.00m grading 4.72 g/t Au, whilst five selective grab samples assayed >20 g/t Au (highest grade of 41 g/t Au).

In 2016, a limited Phase 1 drilling programme was completed across two key prospects, Porcupine Hill and Black Mamba, which confirmed vertical continuity of the system to a depth of at least 175m and returned best intercepts of 17.38m grading 2.25 g/t Au from surface (AY-DD-01) and 5.18m grading 4.50 g/t Au from 12.09m and 1.58m grading 8.67 g/t Au from 177.19m (AY-DD-03).

TSD has recently completed a Phase 2 exploration programme comprising 687.80m diamond drilling in three holes and 2,508m RC drilling in 22 drillholes. The programme was designed to further-evaluate the depth extension of surface mineralisation at the two prospects and to test a third prospect, Red Eagle Mountain, the location of the 6.00m grading 10.35 g/t Au channel sampling result. Visually, the drilling confirmed a thick sequence (c. 100m) of rhyolite overlaying a thin layer of lacustrine sediments (reflecting a hiatus in volcanic inactivity) and deeper basalts. Quartz-carbonate veins and breccia, with grey, sulphide-rich chalcedonic silica, were reportedly observed in both the rhyolite and basalt units and are thought to be related to major normal faulting that displays vertical displacements of up to 50m. At Red Eagle Mountain, zones of such veining and brecciation (and associated hydrothermal alteration) have reportedly been identified over downhole widths of up to 40m.

To date, results have been recived for 15 RC drill holes, Ay-R-01 to Ay-R-15, all of which were drilled at Red Eagle Mountain. Mineralisation is predominantly associated with epithermal quartz vein and vein breccia within a rhyolitic host rock. Whilst there are a number of narrow, plus 1 g/t Au intervals, the wider zones intersected near surface in hole Ay-R-15, including 16.00m grading 1.08 g/t Au from 12.00m, and at the end of hole in Ay-R-14, including 5.00m grading 8.97 g/t Au that comprises a bonanza-grade interval of 1.00m grading 43.60 g/t Au, are particularly encouraging. Results relating to a further seven holes at the Red Horn and Black Mamba prospects, Ay-R-16 to Ay-R-19 and Ay-R-20 to Ay-R-22 respectively, are still awaited.

Results from the diamond drilling also continue to demonstrate the significant potential at the project, with a best intersection at the Porcupine Hill prospect of 38.10m grading 2.21 g/t Au from 125.05m in hole Ay-D-08, including 17.37m grading 3.59 g/t Au. Further results from below this interval are awaited.