REG - Kavango Resources - ZIM: Significant upgrade to Prospect 1
17/03/2025 07:00
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RNS Number : 9016A Kavango Resources PLC 17 March 2025
17 March 2025
KAVANGO RESOURCES PLC
("Kavango" or "the Company")
ZIM: Significant increase in underground potential at Prospect 1
Kavango Resources plc (LSE:KAV), the Southern Africa focussed metals
exploration company, is pleased to announce a significant upgrade to the
underground mining potential of Prospect 1 at the Hillside Project
("Hillside") in Matabeleland, Zimbabwe.
Kavango intersected a reef, hosting quartz and sulphide bearing veins, in a
previously inaccessible level of the historic Main Shaft at Prospect 1 during
shaft restoration. Recent mapping and sampling of the reef on existing
development levels together with the discovery of further mineralisation while
rehabilitating the old Main Shaft and West Shaft indicates previously unknown
potential for both lateral and vertical continuity.
Kavango plans to test the extent of these reefs through a combination of
surface and underground drilling. The Company's objective is to establish
Prospect 1 as a third area of near-term gold production at Hillside alongside
Prospects 3 and 4.
Highlights
- Kavango completed restoration work on both the historic Main Shaft
and West Shaft at Hillside Prospect 1 in December 2024 to allow resumption of
gold mining.
- The removal of historic waste material from the first two levels of
the Main Shaft revealed a deeper, third level.
- Subsequent mapping and sampling have confirmed continuity of the
reef structure, hosting mineralised quartz sulphide veins, to the third level
at Main Shaft.
- Recently received assay results from channel sampling appear to show
grades increasing with depth from level 2 to level 3 at Main Shaft.
- This mapping and sampling together with the assay grades suggest a
significant increase in the underground potential at Prospect 1, exceeding
management's original expectations.
- Kavango now plans to test the extent of the reefs through a
combination of surface and underground drilling.
- If warranted, these results will inform subsequent drilling to
define a resource at Prospect 1 for a larger, longer-term underground mine
than previously anticipated.
- In parallel, Kavango is proposing to increase the processing
capacity at Prospect 1 to provide flexibility for greater production.
Ben Turney, Chief Executive of Kavango Resources, commented:
"We are extremely pleased with the latest results from Prospect 1. The new
reefs identified add to the growing number of opportunities for near-term,
significant gold production at Hillside. With gold now trading at record highs
over US$3,000, the timing of work to define resources at Prospect 3 and
Prospect 4 is ideal.
Up to now, it appears a previous owner of Hillside's efforts to protect the
future mining potential at Prospect 1 hid the true potential of the historic
mine and with it the opportunity for much greater gold production.
We look forward to bringing the drill rig back to Prospect 1 as soon as we
can. The new reefs are open on strike, with grades appearing to increase with
depth. After establishing the reefs' extent, we hope to move into defining a
resource we can bring into production as quickly as possible."
Prospect 1 - Update
Figure 1, shows the location of Prospect 1 in relation to the other Prospects
within the Hillside claims including Prospect 3 where resource drilling was
recently completed (announced >>> 04 March 2025
(https://polaris.brighterir.com/public/kavango_resources_plc/news/rns/story/x42q9kr)
);
Figure 1, Location plan showing Prospects located on the Hillside Project
Published historic production figures for the Bills Luck Mine at Prospect 1,
state 17,000 oz of gold at an average grade of 7.7g/t was mined intermittently
between 1916 and 1950 when the mine ran out of funds and the claims were
relinquished. The only work done since 1950 is small scale sand retreatment
and artisanal surface workings.
Figure 2, Oblique view of Prospect 1, Bills Luck Mine showing underground
development
Kavango completed restoration work on both the historic Main Shaft and West
Shaft at Hillside Prospect 1 in December 2024 to allow resumption of gold
mining.
The removal of historic waste material from the first two levels of the Main
Shaft during the restoration work, revealed a deeper, third level. The nature,
location and type of waste suggests it was dumped on purpose and Kavango
believes this level was blocked by a previous owner to protect the underlying
ore body from illegal mining and preserve it for future development.
During the restoration work undertaken on Main Shaft, Kavango's contract
mining team intersected a reef, hosting quartz and sulphide bearing veins,
below Level 2 in a previously inaccessible extension of the shaft down to
Level 3. Recent mapping and sampling of the reef on existing development
Levels together with the recent discovery of further mineralisation indicates
there is significant potential for both lateral and vertical continuity of the
gold bearing reefs at Prospect 1. Additionally recent channel sampling on
Level 2 and Level 3 at Main Shaft indicates grades are increasing with depth,
Figure 2.
Kavango is planning on testing the extent of these reefs through a combination
of surface and underground drilling. The Company's objective is to establish
Prospect 1 as a third area of near-term gold production at Hillside alongside
Prospects 3 and 4. If warranted, these results will inform subsequent drilling
to define a resource at Prospect 1 for longer-term, larger-scale underground
mining.
Figure 3, Oblique view of Prospect 1, Bills Luck Mine showing underground
development (The 2.54g/t cut off value is calculated as a function of Minimum
Profitable Grade, Plant Call Factor and Mine Call Factor.
Prospect 1 - Mining Upgrades & Achievements
Kavango has begun work on upgrading the head frame and winder on the main
vertical shaft to increase hoisting capacity to 100 tonnes per day.
The Kavango Mining team has successfully achieved a number of key milestones
in the development of Prospect 1;
o Completed fencing of the area around Main Shaft and the whole of Prospect 1
Mining Area.
o Completed rehabilitation 2 shafts, Main Vertical Shaft and West Shaft.
o Installed hoist and head gear on Main Vertical Shaft.
o Installed and commissioned electric compressor.
o Increased static leach tank capacity by approximately 10 tons per tank -
extra 480 tons leached per month.
o Commissioned 5-stem stamp mill to increase milling capacity by 400 tons per
month.
o Commissioned underground mining.
o Identified high-grade areas from historic information and identified new
targets for mining.
o Designed yearly mine plan based on compiled information.
o Planned underground down dip and parallel exploration programme.
The mining team is also working towards;
o Installing and commissioning a new winder on the Main Shaft to increase
hoisting capacity to around 100 tons per day.
o Installing and commissioning a 9-metre head gear at on Main Shaft.
o Installing and commissioning the existing winder and head gear from Main
Shaft onto West Shaft to increase production.
o Commission additional equipment (jackhammers and ancillary mining equipment)
to increase underground productivity and production.
In parallel, Kavango is proposing to increase the processing capacity at
Prospect 1 to provide flexibility for greater production.
The Company is also considering installing and commissioning a 50 tonne per
day ("t/d") Carbon in Pulp ("CIP") processing plant. To support this, Kavango
is also appraising the addition of two ball mills to add 1,400 tonnes per
month milling capacity
Figure 4, Aerial view of the Prospect 1 mining area showing layout,
infrastructure, geological and structural features alongside artisanal
workings
Prospect 1 - Next steps
The underground mapping and sampling have established the continuity and grade
of the reefs mined at West Shaft and on Level 1, 2 and 3 at Main Shafts.
Therefore, Kavango is planning an infill drilling programme between West Shaft
and Pump Shaft (Figure 5) to confirm reef continuity, grade distribution along
the reef structures and test inferred plunging ore shoot geometry. This
programme will comprise both surface and underground drilling.
Depending upon the outcome of this programme a future surface exploration
programme will test continuity along the full mapped strike length of the
Bills Luck Reef from West Shaft (~500m) to the NW and test the interpreted
southern reef underlying artisanal surface workings, which is currently
interpreted to be ~560m.
Ground Gradient Array IP survey data in conjunction with Stacked Schlumberger
Sections have already indicated the vein shear system under both trends may be
more extensive than originally thought.
Figure 5, Geological and structural interpretation together with coincident
artisanal surface workings of the gold bearing reefs worked underground from
Main Shaft and West Shaft. Existing exploration holes are marked along with
proposed exploration holes designed to intersect both the Bills Luck reefs and
the southern prospecting reefs.
Kavango's Operations in Zimbabwe
Kavango is exploring for gold deposits in Zimbabwe that have the potential to
be brought into production quickly through modern mechanised mining. The
Company is targeting both open-pit and underground opportunities.
Currently, Kavango has two projects on the same greenstone belt, Hillside and
Nara.
Kavango exercised its option to acquire Hillside in April 2024. Here the
Company has two high-priority targets that it hopes to bring into production
over the next 18 months; Prospect 3 and Prospect 4. At Prospect 3 Kavango is
investigating the potential for a selective open-pit mining operation and
higher-grade mechanised mine. Meanwhile, at Prospect 4 Kavango is pursuing a
high-grade mechanised underground mining option.
In parallel to this, Kavango has an option to acquire the Nara Project that
currently runs until the end of June 2025. Here, the Company is exploring for
a large-scale, high-grade mechanised underground mining opportunities at Nara.
The primary target zone is around the historic N1 mine, where the Company is
assessing the potential to expand artisanal workings at depth and along
strike.
Further information in respect of the Company and its business interests is
provided on the Company's website at www.kavangoresources.com and on Twitter
at #KAV.
For further information please contact:
Kavango Resources
plc
Ben Turney
+46 7697 406 06
First Equity (Broker)
+44 207 374 2212
Jason Robertson
Kavango Competent Person Statement
The technical information contained in this announcement pertaining to geology
and exploration have been compiled by Mr David Catterall, a Competent Person
and a member of a Recognised Professional Organisations (ROPO). David
Catterall has sufficient experience that is relevant to the style of
mineralisation and type of deposit under consideration and to the activity
being undertaken to qualify as a Competent Person as defined in the 2012
Edition of the Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves (JORC 2012). David is the principal geologist at
Tulia Blueclay Limited and a consultant to Kavango Resources. David Catterall
is a member of the South African Council for Natural Scientific Professions, a
recognised professional organisation.
The technical information contained in this announcement pertaining to mining
has been compiled by Mr Craig Hatch, a Competent Person and a member of a
Recognised Professional Organisations (ROPO). Craig Hatch has sufficient
experience that is relevant to the style of mining and type of deposit under
consideration and to the activities being proposed to qualify as a Competent
Person as defined in the 2012 Edition of the Australasian Code for Reporting
of Exploration Results, Mineral Resources and Ore Reserves (JORC 2012). Craig
is the Principal Mining Engineer of Minorex Pty Ltd and a consultant to
Kavango Resources and is a member of the Australasian Institute of Mining and
Metallurgy (AusIMM), a recognised professional organisation.
Kavango Resources plc Sampling Techniques and Data for Hillside Project
Diamond Drilling. Zimbabwe
Last updated: 15 March 2025
(Criteria in this section apply to all succeeding sections)
JORC Code. 2012 Edition - Table 1 report
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria JORC Code explanation Commentary
Sampling techniques Nature and quality of sampling (e.g. cut channels. random chips. or specific · The information in this release relates to the technical details from
specialised industry standard measurement tools appropriate to the minerals the Company's exploration and drilling program at Hillside Project which lies
under investigation. such as down hole gamma sondes. or handheld XRF within the Filabusi Greenstone Belt, Matabeleland, Zimbabwe.
instruments. etc). These examples should not be taken as limiting the broad
meaning of sampling. · Sampling was in the form of cutting channels using a single blade
diamond saw into the roof/back of the development drives on level 2 and level
3 at Main Shaft on Prospect 1. The channel was cut at a width of 5cm across
the development strike, i.e. from north to south.
· Samples were extracted using a 4 lb. hammer and a tungsten carbide
tipped chisel. The extracted sample was collected in a standard sampling dish
that was held beneath the channel. The extracted sample was placed onto a
clean poly-canvas sheet where the coning and quartering method was used to
extract the desired sample size. The sample was then placed into a clean woven
polythene bag, ticketed with the appropriate channel name/ID and other details
such as the name of the sampler, and closed and sealed with a cable/zip tie.
· Channels were measured at 1m intervals, progressing from the shaft
station the end of the existing development drives on level 2 and level 3.
· Samples were taken based on the entire width of the development drive
so as to ascertain a composite sample.
· Samples were submitted for a 25g fire assay with AAS finish to
MatLabs, Bulawayo, Zimbabwe.
Include reference to measures taken to ensure sample representivity and the · All Kavango's channel samples were taken by qualified geological
appropriate calibration of any measurement tools or systems used personnel.
· Sample representativity was ensured where possible by cutting the
channels perpendicular to the structure of interest, and by the sample
preparation technique in the laboratory.
· The entire channel was sampled based on obtaining a composite
sample across the width of the developed mining drive.
· Upon arrival at MatLabs, the samples are dried at +/- 105 deg
Celsius for 8 to 12 hours.
· Entire sample is crushed to 100% passing 4.75mm. The crushers
have inline rotary splitters that split off 500g of sample that is pulverized.
· The 500g split is pulverized in a pot and puck pulveriser with
85% passing minus 75μm.
· A standard 25g aliquot is used for Fire Assay.
Aspects of the determination of mineralisation that are Material to the Public
Report.
In cases where 'industry standard' work has been done this would be relatively
simple (e.g. 'reverse circulation drilling was used to obtain 1 m samples from
which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other
cases. more explanation may be required, such as where there is coarse gold
that has inherent sampling problems. Unusual commodities or mineralisation
types (e.g. submarine nodules) may warrant disclosure of detailed information.
Drilling techniques Drill type (e.g. core. reverse circulation. open-hole hammer. rotary air · N/A.
blast. auger. Bangka. sonic. etc) and details (e.g. core diameter. triple or
standard tube. depth of diamond tails. face-sampling bit or other type.
whether core is oriented and if so. by what method. etc).
Drill sample recovery Method of recording and assessing core and chip sample recoveries and results · N/A.
assessed.
Measures taken to maximise sample recovery and ensure representative nature of · Care was taken to capture all the sample while channel sampling to
the samples. maximise recovery and ensure the representative nature of the sample
Whether a relationship exists between sample recovery and grade and whether · At this stage of the sampling programme no bias appears to exist
sample bias may have occurred due to preferential loss/gain of fine/coarse between sample recovery, which is good, and grade.
material.
Logging Whether core and chip samples have been geologically and geotechnically logged · N/A.
to a level of detail to support appropriate Mineral Resource estimation.
mining studies and metallurgical studies.
Whether logging is qualitative or quantitative in nature. Core (or costean. · N/A.
channel. etc) photography.
The total length and percentage of the relevant intersections logged. · All the channel samples are logged
Sub-sampling techniques and sample preparation If core. whether cut or sawn and whether quarter. half or all cores taken. · N/A.
If non-core. whether riffled. tube sampled. rotary split. etc and whether · The channel sample material is split using a cone a quarter
sampled wet or dry method while underground
For all sample types. the nature. quality and appropriateness of the sample · The samples were all taken after cleaning equipment between
preparation techniques sample extraction so as to avoid contamination.
Quality control procedures adopted for all sub-sampling stages to maximise · The samples were sub-sampled according to the coning and
representivity of samples. quartering method to obtain a desirable, unbiased sample size.
Measures taken to ensure that the sampling is representative of the in-situ · The sample was extracted in-situ and then coned and quartered.
material collected. including for instance results for field This maintains the integrity of the in-situ sample though it reduces the
duplicate/second-half sampling. sample size as a preservative measure for sample accuracy.
· Duplicates can be obtained as the channels are permanent fixtures
in the roof/back of the crown pillar at level 2 and level 3. These areas will
not be made available for stoping.
Whether sample sizes are appropriate to the grain size of the material being · N/A.
sampled.
Quality of assay data and laboratory tests The nature. quality and appropriateness of the assaying and laboratory · MatLabs, Bulawayo, Zimbabwe routinely inserts their own QAQC
procedures used and whether the technique is considered partial or total. samples
For geophysical tools. spectrometers. handheld XRF instruments. etc. the · N/A.
parameters used in determining the analysis including instrument make and
model. reading times. calibrations factors applied and their derivation. etc.
Nature of quality control procedures adopted (e.g. standards. blanks.
duplicates. external laboratory checks) and whether acceptable levels of
accuracy (i.e. lack of bias) and precision have been established.
· Kavango does not routinely insert their own standards, blanks,
and duplicates for this programme. Pulps and coarse rejects from MatLabs will
be sent to external laboratories for checks at a future data when sufficient
samples warrant.
Verification of sampling and assaying The verification of significant intersections by either independent or · All channel samples were verified by peer review.
alternative company personnel.
· The Company's internal CP reviewed sampling and has visited site
and the laboratory to verify protocols.
· Assay data was received as assay certificates and cross checked
against sample submission data to ensure a correct match.
The use of twinned holes. · N/A.
Documentation of primary data. data entry procedures. data verification. data · All data is electronically stored on a cloud server.
storage (physical and electronic) protocols.
· Data entry procedures standardized in SOP data checking and
verification routine.
· Data storage is on a cloud storage facility with access controls
and automatic backup.
Discuss any adjustment to assay data. · No adjustments were made to assay data.
Location of data points Accuracy and quality of surveys used to locate drill holes (collar and · Kavango's sample channels are measured from known survey peg
down-hole surveys). trenches. mine workings and other locations used in locations whose positions have been surveyed by a professional surveyor using
Mineral Resource estimation. a Kolida KTS442R6LC total station.
Specification of the grid system used. · The grid system used is UTM 35S Arc 1950. All reported
coordinates are referenced to this grid.
Quality and adequacy of topographic control. · Topographic control is based survey data from the Kolida
KTS442R6LC total station which has an accuracy of 2mm.
Data spacing and distribution Data spacing for reporting of Exploration Results. · Data spacing and distribution of all survey types is deemed
appropriate for the type of survey and equipment used.
Whether the data spacing. and distribution is sufficient to establish the
degree of geological and grade continuity appropriate for the Mineral Resource · Channel spacing is 1m along the strike of the development level
and Ore Reserve estimation procedure(s) and classifications applied. on level 2 and level 3, except where the direction of the development changed
dramatically as is seen on level 2 east drive where the direction of the
development shifted 90° to sample the south crosscut. The distance between
the channels at the mouth of the crosscut increased to 1.90m but resumed to 1m
thereafter along the crosscut.
Whether sample compositing has been applied. · N/A
Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible · The channels were all cut at perpendicular or as close to
structures and the extent to which this is known. considering the deposit perpendicular as possible to the main structure.
type.
· This is considered appropriate for the geological setting and for
the known mineralisation styles.
If the relationship between the drilling orientation and the orientation of · N/A.
key mineralised structures is considered to have introduced a sampling bias.
this should be assessed and reported if material.
Sample security The measures taken to ensure sample security. · Channel samples are stored in a secure facility at the mine
office. The site is double fenced and has armed security patrolling the
perimeter as well as security checkpoints at the main exterior gate and the
main gate into the mine office.
· Sample bags are logged, tagged, double bagged and sealed in
plastic bags stored at the mine office
· Samples are stored in a locked company compound at site and in a
locked container in Bulawayo. They are shipped onwards to the analytical
facility by certified company personnel.
· Sample security includes a chain-of-custody procedure that
consists of filling out sample submittal forms that are sent to the laboratory
with sample shipments to make certain that all samples are received by the
laboratory.
· Prepared samples are transported to the analytical laboratory in
sealed bags that are accompanied by appropriate paperwork. including the
original sample preparation request numbers and chain-of-custody forms.
Audits or reviews The results of any audits or reviews of sampling techniques and data. · The CP has visited both site and the laboratory utilised and considered
practices and SOPs at both as acceptable for the type of samples.
· The CP reviewed all data and spot-checked significant values versus
certificates.
JORC Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
Criteria JORC Code explanation Commentary
Mineral tenement and land tenure status Type. reference name/number. location and ownership including agreements or · The Hillside Project consists of 44 gold claims.
material issues with third parties such as joint ventures. partnerships.
overriding royalties. native title interests. historical sites. wilderness or · Kavango entered into an option agreement with the vendors, dated 25
national park and environmental settings. July 2023.
The security of the tenure held at the time of reporting along with any known · This was exercised on 23 April 2024 with respect to Hillside and
impediments to obtaining a licence to operate in the area. Leopard South.
· Leopard North remains subject to a call option valid to June 2025.
· Transfer of the Claims is presently underway.
· More details are provided here
https://polaris.brighterir.com/public/kavango_resources_plc/news/rns/story/w9nq44r
(https://polaris.brighterir.com/public/kavango_resources_plc/news/rns/story/w9nq44r)
Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. · The project contains a historic high-grade underground mine that
produced a reported 17,946 ounces of gold from ore at a grade of 7.7 grams per
tonne over a strike length of more than 350m.
Geology Deposit type. geological setting and style of mineralisation. · The Hillside prospect is located within the Filabusi Greenstone Belt.
The Balmoral Granitic Stock bounds the greenstones to the west. Granodiorite
with abundant xenoliths of meta-sediment underlies most of the prospect.
Meta-sediments are of the Riverside Formation, Upper Bulawayan Group and
consist of meta-basalt, meta-argillite and banded ironstone. The Redwing Shear
passes to the south of the prospect with a roughly east west orientation.
· Multiple relatively close spaced sub parallel shear zones within the
diorite were mined in the past and are currently being exploited by artisanal
contract tribute miners.
· Three historical gold mines occur within the Hillside prospect; these
include Bill's Luck, Britain and Nightshift mines.
· Bill's Luck produced 17,946 oz gold at a grade of 7.7 g/t gold.
Drill hole Information A summary of all information material to the understanding of the exploration · The levels where the channels were cut have been surveyed and
results including a tabulation of the following information for all Material channel positions were measured off known survey pegs.
drill holes:
· Position format: UTM UPS; Map datum Arc 1950 Zone 35S.
easting and northing of the drill hole collar
elevation or RL (Reduced Level - elevation above sea level in metres) of the
drill hole collar
dip and azimuth of the hole
down hole length and interception depth
hole length.
If the exclusion of this information is justified on the basis that the
information is not Material, and this exclusion does not detract from the
understanding of the report. the Competent Person should clearly explain why
this is the case.
Channel ID Level Grade Width Elevation
CH1 2 0.19 204 995
CH2 2 0.2 187 995
CH3 2 0.19 196 995
CH4 2 0.17 224 995
CH5 2 0.3 237 995
CH6 2 0.14 209 995
CH7 2 0.58 188 995
CH8 2 0.69 243 995
CH9 2 0.17 223 995
CH10 2 0.26 213 995
CH11 2 0.18 205 995
CH12 2 0.14 186 995
CH13 2 0.48 225 995
CH14 2 0.21 226 995
CH15 2 0.24 219 995
CH16 2 0.22 222 995
CH17 2 0.99 211 995
CH18 2 0.63 203 995
CH19 2 0.53 200 995
CH20 2 1.86 167 995
CH21 2 0.22 136 995
CH22 2 3.29 134 995
CH23 2 0.66 126 995
CH24 2 0.47 181 995
CH25 2 1.15 199 995
CH26 2 0.49 215 995
CH27 2 0.35 196 995
CH28 2 0.24 193 995
CH29 2 0.28 182 995
CH30 2 0.3 198 995
CH31 2 0.22 203 995
CH32 2 0.44 201 995
CH33 2 0.26 204 995
CH34 2 0.26 191 995
CH35 2 0.18 176 995
CH36 2 0.5 168 995
CH37 2 6.83 161 995
CH38 2 3.62 181 995
CH39 2 0.66 100 995
CH40 2 0.46 104 995
CH39 2 0.57 109 995
CH40 2 0.3 104 995
CH41 2 0.6 212 995
CH42 2 1.52 223 995
CH43 2 0.44 197 995
CH44 2 0.54 219 995
3CH1 3 0.42 161 971
3CH2 3 0.23 148 971
3CH3 3 0.17 143 971
3CH4 3 0.16 144 971
3CH5 3 0.28 162 971
3CH6 3 0.59 189 971
3CH7 3 0.12 197 971
3CH8 3 0.09 179 971
3CH9 3 0.25 160 971
3CH10 3 0.49 153 971
3CH11 3 0.59 151 971
3CH12 3 0.6 95 971
3CH12 3 5.17 55 971
3CH13 3 53.3 80 971
3CH13 3 65.7 76 971
3CH14 3 0.45 55 971
3CH14 3 4.79 95 971
3CH15 3 0.25 149 971
3CH16 3 0.27 206 971
3CH17 3 0.35 170 971
3CH18 3 0.17 164 971
3CH19 3 0.18 183 971
3CH20 3 0.13 149 971
3CH21 3 0.15 161 971
3CH22 3 0.21 172 971
3CH23 3 3.05 105 971
3CH23 3 9.56 65 971
3CH24 3 0.25 72 971
3CH24 3 14.6 72 971
3CH25 3 46.6 146 971
3CH26 3 0.88 156 971
3CH27 3 1.18 156 971
3CH28 3 1.44 155 971
3CH29 3 2.55 154 971
3CH30 3 1.16 168 971
3CH31 3 0.88 182 971
3CH32 3 1.02 169 971
3CH33 3 9.34 152 971
3CH34 3 1.74 160 971
3CH35 3 1.34 167 971
3CH36 3 3.68 157 971
3CH37 3 0.56 153 971
3CH38 3 1.26 160 971
3CH39 3 1.69 154 971
3CH40 3 0.88 159 971
3CH41 3 2.37 162 971
3CH42 3 0.27 152 971
3CH43 3 0.28 153 971
3CH44 3 0.27 170 971
3CH45 3 0.25 198 971
3CH46 3 1.8 200 971
3CH47 3 1.5 205 971
3CH48 3 38.9 72 971
3CH48 3 1.13 112 971
3CH49 3 1.8 69 971
3CH49 3 1.45 109 971
3CH50 3 1.38 110 971
3CH50 3 3.8 69 971
3CH51 3 13.4 87 971
3CH52 3 0.16 1.56 971
3CH52 3 0.37 87 971
3CH53 3 0.26 1.68 971
2ECH1 2 0.4 242 995
2ECH2 2 0.27 267 995
2ECH3 2 0.37 328 995
2ECH4 2 0.19 304 995
2ECH5 2 0.25 324 995
2ECH6 2 0.16 297 995
2ECH7 2 0.18 212 995
2ECH8 2 0.11 181 995
2ECH9 2 0.16 179 995
2ECH10 2 0.21 211 995
2ECH11 2 0.19 213 995
2ECH12 2 0.26 150 995
2ECH13 2 0.29 168 995
2ECH14 2 0.53 176 995
2ECH15 2 0.47 175 995
2ECH16 2 0.23 197 995
2ECH17 2 0.35 209 995
2ECH18 2 0.76 201 995
2ECH19 2 0.19 237 995
2ECH 2 0.36 328 995
2ECH21 2 0.17 198 995
2ECH22 2 0.17 182 995
2ECH23 2 0.16 159 995
2ECH24 2 0.17 161 995
2ECH25 2 0.3 150 995
2ECH26 2 0.22 143 995
2ECH27 2 0.25 136 995
2ECH28 2 0.15 148 995
2ECH29 2 0.34 130 995
2ECH30 2 0.19 134 995
2ECH31 2 0.2 136 995
Data aggregation methods In reporting Exploration Results. weighting averaging techniques. maximum · Results will be reported as and when they are available and have been
and/or minimum grade truncations (eg cutting of high grades) and cut-off reviewed for QAQC and used for interpretation.
grades are usually Material and should be stated.
· High grades have been reported and not cut for the sake of reporting.
Where aggregate intercepts incorporate short lengths of high-grade results and
longer lengths of low-grade results. the procedure used for such aggregation · Weight averaging was conducted on several of the channels where repeat
should be stated and some typical examples of such aggregations should be samples were taken due to anomalously high grades were reported.
shown in detail.
· The cut-off grade for this operation is 2.54g/t and was back calculated
The assumptions used for any reporting of metal equivalent values should be from the minimum profitable grade that will produce a profit. This was done
clearly stated. using a mine call factor of 0.8 and plant call factor of 0.9. These numbers
will need to be evaluated as time progresses and as more data is available so
that running averages can be calculated.
Relationship between mineralisation widths and intercept lengths These relationships are particularly important in the reporting of Exploration · N/A.
Results.
If the geometry of the mineralisation with respect to the drill hole angle is
known. its nature should be reported.
If it is not known and only the down hole lengths are reported. there should
be a clear statement to this effect (eg 'down hole length. true width not
known').
Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts · See map below of reported channel sample locations and relevant
should be included for any significant discovery being reported These should results quoted as grade over width in grams per tonne over centimetres.
include. but not be limited to a plan view of drill hole collar locations and
appropriate sectional views.
Balanced reporting Where comprehensive reporting of all Exploration Results is not practicable. · Results will be reported as and when they are available.
representative reporting of both low and high grades and/or widths should be
practiced to avoid misleading reporting of Exploration Results.
Other substantive exploration data Other exploration data. if meaningful and material. should be reported · N/A
including (but not limited to): geological observations; geophysical survey
results; geochemical survey results; bulk samples - size and method of
treatment; metallurgical test results; bulk density. groundwater. geotechnical
and rock characteristics; potential deleterious or contaminating substances.
Further work The nature and scale of planned further work (e.g. tests for lateral · N/A
extensions or depth extensions or large-scale step- out drilling).
Diagrams clearly highlighting the areas of possible extensions. including the
main geological interpretations and future drilling areas. provided this
information is not commercially sensitive
Data aggregation methods
In reporting Exploration Results. weighting averaging techniques. maximum
and/or minimum grade truncations (eg cutting of high grades) and cut-off
grades are usually Material and should be stated.
Where aggregate intercepts incorporate short lengths of high-grade results and
longer lengths of low-grade results. the procedure used for such aggregation
should be stated and some typical examples of such aggregations should be
shown in detail.
The assumptions used for any reporting of metal equivalent values should be
clearly stated.
· Results will be reported as and when they are available and have been
reviewed for QAQC and used for interpretation.
· High grades have been reported and not cut for the sake of reporting.
· Weight averaging was conducted on several of the channels where repeat
samples were taken due to anomalously high grades were reported.
· The cut-off grade for this operation is 2.54g/t and was back calculated
from the minimum profitable grade that will produce a profit. This was done
using a mine call factor of 0.8 and plant call factor of 0.9. These numbers
will need to be evaluated as time progresses and as more data is available so
that running averages can be calculated.
Relationship between mineralisation widths and intercept lengths
These relationships are particularly important in the reporting of Exploration
Results.
If the geometry of the mineralisation with respect to the drill hole angle is
known. its nature should be reported.
If it is not known and only the down hole lengths are reported. there should
be a clear statement to this effect (eg 'down hole length. true width not
known').
· N/A.
Diagrams
Appropriate maps and sections (with scales) and tabulations of intercepts
should be included for any significant discovery being reported These should
include. but not be limited to a plan view of drill hole collar locations and
appropriate sectional views.
· See map below of reported channel sample locations and relevant
results quoted as grade over width in grams per tonne over centimetres.
Balanced reporting
Where comprehensive reporting of all Exploration Results is not practicable.
representative reporting of both low and high grades and/or widths should be
practiced to avoid misleading reporting of Exploration Results.
· Results will be reported as and when they are available.
Other substantive exploration data
Other exploration data. if meaningful and material. should be reported
including (but not limited to): geological observations; geophysical survey
results; geochemical survey results; bulk samples - size and method of
treatment; metallurgical test results; bulk density. groundwater. geotechnical
and rock characteristics; potential deleterious or contaminating substances.
· N/A
Further work
The nature and scale of planned further work (e.g. tests for lateral
extensions or depth extensions or large-scale step- out drilling).
Diagrams clearly highlighting the areas of possible extensions. including the
main geological interpretations and future drilling areas. provided this
information is not commercially sensitive
· N/A
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