Hilton Gold Project

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This is Lease boundary for Taung Gold's Hilton Project which is one of their Greenfield properties. Sephaku Holdings owns a 30% interest in Taung Gold Limited (Taung) and a 30% interest in Sephaku Gold Exploration (Pty) Ltd (SGE). Taung Gold Limited (Taung Gold) is a gold exploration and development company focused on developing assets in South Africa. The company holds an impressive portfolio combining two flagship projects, Evander in the Mpumalanga Province and Jeanette in the Free State Province, with combined mineral resources of over 24.0 million high grade ounces, as well as several other greenfields development projects (Hilton), all with significant upside potential.

Taung Gold’s two flagship projects are progressing to pre-feasibility study and the company is considering various options for listing. On April 15-2011 87% of Taung Gold Limited was purchased by Wing Hing International (Holdings) Limited for US$580 million.

References for information:
www.taunggold.com/
www.sephaku.co.za/projgold.html
www.sephaku.co.za/pdf/CPR%20Taung%20Gold.pdf

Gold Mines of Witwatersrand Basin:
www.saimm.co.za/Journal/v073n06p184.pdf