Mount Carmel

Secondary alluvial deposits, such as the Kishon Mid Reach placer, derive their gemstones from the weathering and erosion of primary volcanic sources of which the Company has identified four inside the Company’s exploration permit. Of the identified primary sources, the M. Carmel contains the full assemblage of the target mineral assemblage, although at this stage there is insufficient data to suggest that this primary source could be economically exploited and therefore no drilling has been done so far.