| Notes |
During the nine-month period ended September 30, 2007, North Atlantic incurred deferred exploration costs of $1,985,000. These expenses were incurred primarily on the Company's Mali gold projects, including exploration drilling at the Company's new Kourouba gold project and the Massala gold project, and the resource review at the FT project. The exploration costs also relate to the commencement of the airborne geophysics programs on North Atlantic's uranium projects in Niger and on the Macina oil project in Mali.
[ North Atlantic files 3Q financial statements - 14 Nov 2007 - http://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=39748&;sn=Detail ]
Features of Kourouba Project
North Atlantic Resources acquired the 185 square kilometre Kourouba gold exploration permit in southern Mali. The Kourouba gold project is located in the Koulikoro region, 150 kilometres southeast of the capital, Bamako and 150 kilometers northwest of the FT gold deposit, the Company’s most advanced gold project. [ North Atlantic Resources website - Retrieved on 05/07/07 - http://www.nac-;tsx.com/kourouba.php ] |