Singida - Londoni Gold Concessions

The Twenty Primary
Mining Licenses located at Msangachuki village in Londoni were purchased through an exchange of properties. VIPR signed an agreement to exchange its original Singida property with the Misangachuki Singida-Londoni property.VIPR has set a strategic development program over the concessions to ascertain gold mineralization grading and extension prior medium mining commencement. JICL Consultant has recently completed a reconnaissance mapping and sampling program, results of which are interpreted in this report.

The properties cover 200 hectares (2.0 sq km) and are situated at Msangachuki village, Londoni area, Manyoni District, north east of Singida town, QDS 123/3 (Mponde north). Ikungi village center which is a junction and a diversion corner to the tenements is about 36 Km from Singida town and lies along Dodoma – Singida tarmac road. Londoni mining center is situated 56 km ENE of Ikungi while Msangachuki lease is at 12 km SE of Londoni. Accessibility to the tenement is throughout the year due to the existing all weather gravel road running from Ikungi through Shanta Mine – exploration Camp toward Londoni tenements.Boundaries of the PMLs are validated by the endmost geographical coordinates presented in tables 1 below. Table 1: End most geographical coordinates validating boundaries of all the twenty PMLs

END POINT LONGITUDE LATITUDE A. 35° 06` 30.5" 05° 26` 09.5" B. 35° 07` 18.3" 05° 25` 51.4" C. 35° 06` 49.4" 05° 26` 35.8" D. 35° 06` 30.5" 05° 26` 09.5"

Shanta Gold drilling highlights in the Singida District:

Gold Tree

The Jem

Londoni 1 targets

The exploration drilling at Gold Tree and Jem has identified several relatively continuous high grade mineralized shoots along several hundred meters of strike. The Gold Tree mineralization occurs along a 350 meter strike section displaying continuity below 250 meters depth with SD257 intersecting a 4 meter wide zone averaging 6.78 g/t. The gold is hosted by sheared basaltic meta-volcanics and interflow meta-sediments and is associated with quartz veining, biotite, arsenopyrite, pyrite, and chalcopyrite mineralization.

The gold mineralization at The Jem situated 500 meters along strike from Gold Tree extends along a 600 meter strike section with down-dip continuity below 250 meters depth. Borehole 5D401 intersected spectacular mineralization with coarse native gold in quartz veins.

Itigi / Manyoni Uranium Prospect

Uranium bearing granites are known to be a source of uranium deposit both in duricrust and in sedimentary sequence. The level of erosion in these granitic rocks may have played a great role in the economic potential of uranium deposit. The deeper the level of erosion and stripping off of any high level granite differentiates; the result is the accumulation of an economical uranium deposit. The radiometric surveys in the area have identified a total of 14 u- zones in qds 141 and assigned priority for a follow-up. Most of the anomalies lie on the superficial comprising of undifferentiated soils (the kilimatinde cement).

The license area lies in a zone which has mean uranium count of 36, mean total count of 2000, high uranium count of 52, u/th ratio of 1.02 and u/k ratio of 1.53. A total four point source which is significantly high fall in the license area. Point source 141/31 of uranium count 52cps, 141/49 of uranium count of 45, 141/44 of uranium count 47 and 141/53 with uranium count of 44.