PGC focused on projects within a 3,500km2 area on the Ngayu Greenstone Belt in the northeast of the Democratic Republic of the Congo (the “DRC”). Ngayu has a history of mining, PGC's main area of potential expansion. The Ngayu belt has numerous positive indicators based on the geology, artisanal activity, encouraging drill results and an existing significant gold resource base. The area is 220 kilometres southwest of the Kibali gold mine, the mine is Africa’s largest producer of gold. Kibali proves what can be achieved in the area close to Ngayu and also acts as a very useful yardstick to PGC's progress, allowing us to compare for example drill intercepts and resultant resource detail, both within the pit and underground. Altitude within the Ngayu project area ranges from 550 metres above mean sea level to 950 metres above mean sea level. The topography is made up of gently rolling hills and slightly incised valleys. The vegetation is typical dense forest.

PGC's Explorartion and Development Projects within Ngayu

Separate from Adumbi, PGC controls a number of other gold deposits within the Ngayu Greenstone Belt. Two other deposits, Kitenge and Manzako, have been delineated along strike from Adumbi on the Imbo Project. There is the potential that they could be incorporated into a mine plan for Adumbi. At Kitenge, 4 kilometres southwest of Adumbi, drilling has outlined inferred resources of 191,000 ounces of gold grading 6.6 g/t Au while at Manzako, an inferred resource of 122,000 ounces of gold grading 5.0 g/t Au has been outlined.

We holds 40% shares of the Yindi project, which is a 2.5-kilometre radius, circular parcel of land within the southern part of the Archean Ngayu Greenstone Belt surrounding and including the Yindi project. Exploration by PGC at Yindi commenced in March 2016 with the establishment of a 2 x 6 kilometre soil sampling grid, coincident with a well-defined magnetic anomaly, and covering the area of old mining activity. Soil sampling lines were originally at a spacing of 80 metres, with infill to 60 metres in anomalous areas. All soil sampling lines were geologically mapped. Channel sampling of accessible old adits and open-pits was undertaken, and several old trenches were re-excavated and channel sampled. Mechanical auger drilling was carried out to test for saprolite mineralization below soil anomalies. Diamond drilling commenced in September 2016 and 3 holes (742 metres) were completed. The drilling focussed on an area of BIF-hosted gold mineralization which was identified from soil and channel sampling, and which had been mined to a limited extent during colonial times. Holes ranged from 104 metres to 120 metres in depth (i.e. a maximum of 102 metres vertically below surface).

PGC owns or controls a contiguous block of exploration permits or PRs covering an area of approximately 5,000 square kilometers to the northwest of Lake Edward in North Kivu province. These exploration permits are located between the two major gold belt terrains of the DRC - the Proterozoic/ Archean Twangiza-Namoya gold belt and the Archean greenstone belts of Kilo Moto and Ngayu to the north. The main provincial centres within the North Kivu project area are Butembo and Lubero. Although PGC has conducted some exploration for gold and other minerals in the past in North Kivu, no exploration has been conducted over the last 8 years with the Company’s focus being at Ngayu.

Makapela project, which is a 5-kilometre radius, circular parcel of land within the western part of the Archean Ngayu Greenstone Belt surrounding and including the Makapela deposit. It is approximately 50 kilometres from Adumbi. PGC Exploration at Makapela commenced in May 2016, with a 7 x 2-kilometre soil sampling grid covering the area of artisanal activity and extending south-westwards over stream sediment anomalies depicted on old maps from the colonial era. This was followed by channel sampling and then a targeted drilling campaign to delineate a resource.