Description of Samlout, Cambodia
The Samlout project comprises a project of approximately 140 sq miles in the Samlout/Samlaut area of Western Cambodia. The land is adjacent to Cambodia’s well known Pailin district. A Survey Report by Terra Insight Services suggests that the property has potential for rubies and gold. Shamika’s business plan envisages the initiation of gold and ruby alluvial production in the second half of 2012, the completion of a 43-101 Report and a program of further exploration in accordance with the recommendations.
This property has no known reserves and the proposed program is exploratory in nature. There are no current detailed plans to conduct exploration on the property.
We plan to prepare a NI 43-101, Independent Third-Party Evaluation, in 2011. The reader is warned that a NI 43-101 study is a Canadian report, and is not compliant with U.S. SEC regulations. The report and earlier reports not compliant with current SEC regulations used terms such as “ore”, "measured," "indicated," and "inferred" "resources," which current SEC regulations strictly forbid. An effort has been made to remove such words from this document. This report will be prepared by Mr. Patrick Vualu, P.GEO. Mr. Vualu has a diploma in geology from University of Lubumbashi and has extensive experience in all aspects of mining in the DRC. He served as project manager for De Beers in DRC and was appointed chief department officer for the DRC Ministry of Mines. Mr. Vualu was president of Général de la Société Mining Consulting and Services, a firm offering geological and lithological mapping, and geological logging, analysis and testing of minerals
