REG - Mila Resources Plc - High Grade Gold & Silver Results: Kathleen Valley
22/12/2021 07:00
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RNS Number : 4168W Mila Resources PLC 22 December 2021
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Mila Resources Plc / Index: LSE / Epic: MILA / Sector: Natural Resources
22 December 2021
Mila Resources Plc
('Mila' or the 'Company')
10m @ 8.38g/t Gold and 13.96g/t Silver
Results from Initial 11-hole Drill Programme Deliver High Grade Gold &
Silver Intersections
Highlights
· First assays following 11 completed drill holes (1,755.9m)
· 10m @ 8.38g/t Au, 13.96g/t Ag & 0.89% Zn returned in KVRC019 from
165-175m including;
o 1m @ 11.08g/t Au, 19.48g/t Ag & 3.09% Zn
o 1m @ 14.61g/t Au, 20.17g/t Ag & 2.92% Zn
o 1m @ 11.28g/t Au, 33.48g/t Ag & 0.11% Zn
· 3m @ 3.79g/t Au in KVRC022 from 107-110m
· 13m @ 1.11g/t Au, 3.28g/t Ag & 0.48% Zn in KVRC018 from 121-134m
including;
o 1m @ 2.98g/t Au, 11.94g/t Ag & 2.01% Zn
· 1m @ 14.73g/t Au & 2.43g/t Ag in KVRC016 from 104-105m
· 4m @ 1.79g/t Au & 1.91g/t Ag in KVRC015 from 92-96m
· 13,500m (40 hole) drill programme underway in January 2022
Mila Resources, the post-discovery gold exploration accelerator, is pleased to
announce the receipt of positive assay results from the first phase of
drilling at the Kathleen Valley Gold Project in Western Australia ("Kathleen
Valley" or the "Project"). Kathleen Valley is located in a region that hosts
some of the largest gold projects in Australia and is adjacent to the
high-grade Bellevue Gold Project.
Neil Hutchison, Chief Geologist of Mila Resources, commented:
"This has to be one of the most consistent and best overall gold intersections
I've seen in my 30-year career. The top of the mineralisation is only 150m
vertically below surface, which is shallow compared to neighbouring gold
deposits and WA in general.
"The initial resource model at Coffey was a very linear plate based on the
original drilling. The southern and deeper holes (KVDD013, KVRC017 &
KVRC019) have shown a kick upwards with depth, forming a dilation zone or
buckle which is very favourable for gold deposition (Figure 3). At Coffey,
this is the first time the mineralised zones have contained abundant quartz
veining within the sulphide and alteration zones, demonstrating this
high-grade mineralisation is associated with a fundamental change in the
structural geology of the deposit. This 10m wide zone of mineralisation
comprises no internal waste, with all grades reporting above 3.5g/t Au and
having multiple +10g/t Au & Ag grades within individual meter zones (Table
3). This style of high-grade quartz-sulphide bearing mineralisation is
now starting to look similar to the Bellevue mineralisation to the south.
"The 2022 diamond drilling programme will kick-off in and around this hole so
we can understand the structures forming this high-grade zone and define the
interpreted north-plunging shoot in order to deliver more high-grade
mineralisation."
Mark Stephenson commented:
"I have previously referred to the current JORC Resource at the Coffey Deposit
of our Kathleen Valley Project as being the tip of the iceberg, and today's
results certainly redouble my confidence in our Project's potential to host a
sizeable gold-silver resource as we move through 2022.
"The stand-out intersection of 10m @ 8.38g/t gold and 13.96g/t silver returned
in KVRC019 from 165m-175m was an early Christmas present for the team,
particularly given that it gives a strong indication that the deposit will
improve at depth. We look to 2022 with enormous enthusiasm as we build
momentum on site at Kathleen Valley and look to translate this exploration
potential into increased resource ounces to share with the market."
Q4 2021 Drilling Programme Overview
The laboratory assays returned the best gold-silver results to date from the
Project, with KVRC019 intersecting 10m at 8.38g/t gold and 13.96g/t silver
(Figure 1 and Table 1). The Project is adjacent to the high-grade Bellevue
Gold Project, and this intersection demonstrates the potential for the deposit
to improve with depth as drilling continues in 2022.
Figure 1: Drill hole KVRC019 with mineralised zone from 165-175m. Note
abundant quartz veining, sulphide and bleached alteration in this zone.
The Company recently completed one diamond drill hole to a depth of 240.9m and
10 reverse cycle (RC) holes ranging from 111-200m in depth for a total of
1,505m into the Coffey Deposit resource zone. The 11 completed drill holes
(1,755.9m) focussed on in-fill drilling within the resource zone, as well as
step-out drilling around the edges of the zone to further define the quality
and continuation of the mineralisation both up and down dip, as well as
along-strike (Figure 2 and Tables 1 & 3). This is the initial phase of a
much larger drilling campaign comprising of ~13,500m. The objective of the
drilling campaign is to expand the existing JORC resource by drilling 11,100m
at the Coffey deposit in the southern area of the Project, and also 2,400m of
exploration drilling at the two northern targets, the Powell and Sturrock
targets (Figure 4).
High-Grade Results Intersected at Coffey Au-Ag-Zn Deposit
Samples were sent interstate to an independent assay laboratory for rapid
turnaround, with Gold Fire Assay (FA) and multi-element analysis being
completed.
Results have confirmed the visual observations with several holes,
particularly KVRC019, returning significantly wide zones with strong sulphide,
quartz veining and alteration which are consistent with the Au-Ag-Zn
mineralised zones. The mineralised zone at Coffey has a NW-SE trend and dips
at ~60(0) towards the NE. The intersection of 10m at 8.38g/t Au and 13.96g/t
Ag (within ~10% Sulphur) in KVRC019 appears to line up with intersections to
the south, indicating the development of a 45(0) north plunging high-grade
shoot (Figure 2) which will be the focal point for the commencement of diamond
core drilling in 2022 (Figure 3).
Figure 2: Drill hole location plan showing the Coffey Deposit Inferred
resource zone (dotted polygon) with original resource drill holes (blue) and
recently completed drilling (red). Hole KVRC019 collar is shown by orange
ellipse and the high-grade intersection position is at the red ellipse on the
edge of the modelled resource zone. The high-grade zone is interpreted to
plunge towards the north
The initial 11,100m drilling campaign is intended to increase the JORC
resource in the southern area of the licence, with 40 new RC & DD holes as
well as geophysical testing of deeper holes using downhole-electromagnetic
surveying (DHEM). This will include drilling to greater depths of 250-350m,
expanding the current footprint of the resource by step out drilling and
selective in-fill drilling to test the calculated JORC Exploration Target of
145,000-280,000oz which has a grade range of 1.8-2.5g/t Au. The Coffey
resource was estimated by the Project vendor in late 2020, incorporating 12 RC
drill holes totalling 2,160m.
Figure 3: Cross Section through the Coffey discovery line showing the modelled
Inferred resource zone (dotted polygon) with original resource drill holes
(blue) and recently completed drilling (red). Hole KVRC019 intersection
position is shown by the red circle and magenta Au bars. The interpreted
dilation buckle and planned drilling (green) is displayed.
Table 1: Significant Intersections from all drilling at the Coffey Deposit.
Hole ID From (m) To (m) Width (m) Gold (g/t) Silver (g/t) Zinc (%)
KVRC001 135 143 8 2.40 3.77 2.69
incl 135 137 2 5.49 2.98 0.85
& incl 137 138 1 0.50 4.57 8.82
159 160 1 1.21 1.08 1.15
KVRC002 109 121 12 0.51 3.67 1.15
incl 114 117 3 1.03 8.68 0.77
& incl 119 120 1 0.52 3.24 6.18
KVRC003 77 78 1 0.65 <0.5 0.15
KVRC004 91 98 7 3.24 15.38 0.92
incl 95 96 3 5.65 33.27 1.42
& incl 97 98 1 0.91 58.80 3.10
KVRC005 153 159 6 0.33 5.87 3.97
159 164 5 1.38 3.98 0.72
KVRC006 102 108 6 3.07 <0.5 0.05
112 114 2 2.42 <0.5 0.02
KVRC007 158 159 1 0.51 0.80 0.01
KVRC008 111 119 8 3.38 5.99 1.74
incl 118 119 1 13.95 10.80 1.38
KVRC009 159 163 4 1.75 5.63 3.09
incl 161 163 2 3.10 4.35 2.41
KVRC010 42 44 2 1.42 0.26 0.19
KVRC012 134 142 8 1.10 0.97 0.21
incl 134 138 4 1.52 1.63 0.37
KVDD013 201.26 204.84 3.58 1.18 5.37 0.87
incl 201.26 202 0.74 3.32 9.16 0.76
207.00 208.00 1 1.00 1.56 0.37
KVRC014 156 159 3 1.28 2.81 1.37
165 166 1 1.29 2.78 0.06
KVRC015 92 96 4 1.79 1.91 0.38
incl 93 94 1 3.92 0.48 0.05
100 106 6 1.11 2.24 0.49
incl 100 101 1 2.22 8.61 2.47
KVRC016 92 100 8* 1.04 1.38 0.00
incl 96 100 4* 1.52 1.89 0.00
104 105 1 14.73 2.43 0.08
117 118 1 1.69 1.76 0.59
KVRC017 181 184 3 1.21 4.25 0.83
incl 181 182 1 2.81 3.89 0.71
189 190 1 1.99 1.97 0.38
KVRC018 121 134 13 1.11 3.28 0.48
incl 121 122 1 1.81 1.36 0.00
& incl 125 126 1 2.98 11.94 2.01
& incl 129 131 2 2.67 5.67 0.42
Hole ID From (m) To (m) Width (m) Gold (g/t) Silver (g/t) Zinc (%)
KVRC019 165 175 10 8.38 13.96 0.89
incl 165 166 1 11.08 19.48 3.09
& incl 167 168 1 14.61 20.17 2.92
& incl 173 174 1 11.28 33.48 0.11
KVRC020 167 169 2 0.70 0.81 0.10
KVRC021 92 94 2 2.11 0.77 0.11
incl 93 94 1 3.57 0.98 0.15
KVRC022 107 110 3 3.79 0.44 0.53
incl 108 109 1 6.70 0.36 0.44
126 127 1 1.15 1.32 1.63
KVRC023 86 87 1 1.37 0.62 0.21
Note: *4m composite sample, requires 1m resplits and reassying.
Table 2: Drillhole collar details
HoleID Type Depth Dip Azimuth MGA_East MGA_North MGA_RL DrillComp Year Drilled
KVRC001 RC 191.0 -60 240 258846 6946629 488.6 JarrahFire 2019
KVRC002 RC 161.0 -60 240 258823 6946615 487.4 JarrahFire 2019
KVRC003 RC 120.0 -60 240 258787 6946594 486.1 Ausdrill 2020
KVRC004 RC 140.0 -60 240 258806 6946604 486.6 Ausdrill 2020
KVRC005 RC 220.0 -60 240 258866 6946641 489.9 Ausdrill 2020
KVRC006 RC 190.0 -60 240 258784 6946655 485.6 Ausdrill 2020
KVRC007 RC 220.0 -60 240 258824 6946667 487.0 Ausdrill 2020
KVRC008 RC 160.0 -60 240 258847 6946571 486.8 Ausdrill 2020
KVRC009 RC 214.0 -60 240 258884 6946592 488.1 Ausdrill 2020
KVRC010 RC 132.0 -60 240 258716 6946672 485.4 Ausdrill 2020
KVRC011 RC 186.0 -60 240 258750 6946692 486.5 Ausdrill 2020
KVRC012 RC 226.0 -60 240 258784 6946713 488.0 Ausdrill 2020
KVDD013 DD 240.9 -60 240 258928 6946619 490.5 DrillCore 2021
KVRC014 RC 180.0 -60 240 258894 6946567 487.5 Ausdrill 2021
KVRC015 RC 117.0 -55 260 258845 6946545 485.4 Ausdrill 2021
KVRC016 RC 129.0 -60 225 258846 6946570 486.7 Ausdrill 2021
KVRC017 RC 200.0 -65 240 258904 6946605 488.9 Ausdrill 2021
KVRC018 RC 150.0 -60 240 258835 6946622 488.0 Ausdrill 2021
KVRC019 RC 183.0 -65 240 258856 6946635 489.0 Ausdrill 2021
KVRC020 RC 177.0 -55 240 258840 6946681 488.0 Ausdrill 2021
KVRC021 RC 111.0 -60 240 258773 6946647 485.6 Ausdrill 2021
KVRC022 RC 147.0 -60 240 258770 6946701 487.0 Ausdrill 2021
KVRC023 RC 111.0 -60 240 258736 6946682 486.0 Ausdrill 2021
Figure 4: Kathleen Valley tenure (E36/876) with Prospect locations, access
tracks and location of KVRC019.
Competent Person Statement
The information in this announcement relating to Exploration Results is based
on information compiled by Neil Hutchison, who is a Technical Director of Mila
Resources, and a member of The Australasian Institute of Geoscientists. Mr
Hutchison has sufficient experience relevant to the style of mineralisation
and type of deposit under consideration, and to the activity he is undertaking
to qualify as a Competent Person as defined in the 2012 Edition of the
"Australasian Code for Reporting of Exploration Results, Mineral Resource and
Ore Reserves".
Mr Hutchison consents to the inclusion in the report of the matters based on
his information in the form and context in which it appears.
**ENDS**
For more information visit www.milaresources.com or contact:
Mark Stephenson info@milaresources.com
Mila Resources Plc
Jonathan Evans +44 (0) 20 3463 5000
Brandon Hill Capital Limited
Nick Emerson +44 (0) 20 3143 0600
SI Capital
Susie Geliher +44 (0) 20 7236 1177
St Brides Partners Limited
Table 3: Completed mineralised zones with Significant Intersections
(>0.5g/t Au) from the recent drilling (KVDD013-KVRC023).
Au & Ag grades >1.0g/t are highlighted.
Hole_ID From_m To_m Interval_m Au(Ave) Au Au(R) Au(R)1 Ag_ppm Cu_ppm Pb_ppm Zn_ppm As_ppm S% K% Na% Ca% Mg% Type
KVDD013 196 197 1 0.03 0.03 0.43 155.4 18.7 170.7 180 1.01 0.23 1.66 4.89 2.52 1/2 core
KVDD013 200 201.26 1.26 0.04 0.04 1.12 81.2 22.1 216.7 666 0.64 0.47 1.52 6.45 2.53 1/2 core
KVDD013 201.26 202 0.74 3.32 3.29 3.34 9.16 1648.5 1087.8 7589.1 75 7.04 0.84 0.36 1.99 0.78 1/2 core
KVDD013 202 202.32 0.32 0.10 0.1 4.73 1483.7 181 7158 11 16.06 0.74 0.10 0.50 0.09 1/2 core
KVDD013 202.32 203 0.68 0.80 0.81 0.78 4.3 785.3 288.2 9262.6 223 7.04 1.85 0.58 2.34 1.19 1/2 core
KVDD013 203 204 1 0.44 0.44 0.43 3.29 730.4 132.4 11886.9 407 11.44 1.06 0.30 1.21 0.45 1/4 core
KVDD013 204 204.84 0.84 0.90 0.92 0.88 5.6 548 329.2 5859.1 88 5.90 1.65 0.24 3.05 0.80 1/2 core
KVDD013 204.84 205.4 0.56 0.17 0.17 9.35 1925.5 128.4 10952.1 78 5.51 1.55 0.23 2.56 0.65 1/2 core
KVDD013 205.4 206 0.6 0.17 0.17 1.85 131.7 88 7949.1 202 3.64 2.73 0.26 5.76 2.52 1/2 core
KVDD013 206 207 1 0.07 0.07 0.98 92.8 38.7 1528.4 99 1.15 1.94 0.16 7.53 2.68 1/2 core
KVDD013 207 208 1 1.00 1.05 0.95 1.56 157.5 74.8 3742.7 58 0.96 2.12 0.19 6.03 2.21 1/2 core
KVDD013 208 209 1 0.38 0.38 0.37 3.73 280.1 88 10778.3 155 0.92 1.69 0.30 5.13 1.36 1/2 core
KVDD013 209 210 1 0.06 0.06 1.2 172.2 16.1 958.5 616 0.72 1.79 0.70 6.53 2.88 1/2 core
KVRC014 154 155 1 0.01 0.01 1.03 145.9 10.2 211.9 <10 0.87 0.39 0.94 5.09 0.78 1m bag
KVRC014 155 156 1 0.42 0.43 0.4 0.95 131 19.7 350.1 2974 0.92 0.93 0.64 4.82 1.08 1m bag
KVRC014 156 157 1 1.30 1.33 1.27 1.75 315.7 40.2 3326.9 669 1.81 0.92 0.52 3.43 1.23 1m bag
KVRC014 157 158 1 0.16 0.15 0.17 1.92 283.1 33.1 6894.5 43 2.05 1.43 0.42 4.30 1.96 1m bag
KVRC014 158 159 1 2.39 2.46 2.42 2.3 4.77 295.3 371.1 30818.9 7835 4.07 1.54 0.86 2.53 1.03 1m bag
KVRC014 159 160 1 0.06 0.06 4.12 1155.7 89 26573.8 294 7.63 0.97 0.71 2.03 0.76 1m bag
KVRC014 160 161 1 0.39 0.36 0.42 3.58 356.5 59.6 11072.7 4215 2.63 0.64 0.90 4.02 1.67 1m bag
KVRC014 161 162 1 0.15 0.15 2.52 209.6 54.2 2314.7 152 1.58 0.68 1.14 5.69 2.56 1m bag
KVRC014 162 163 1 0.70 0.66 0.74 22.94 1082 15671.4 15207.5 148 3.05 0.38 1.52 3.71 1.91 1m bag
KVRC014 163 164 1 0.22 0.22 3.44 192.6 198.8 816 549 1.53 0.61 1.25 5.86 2.67 1m bag
KVRC014 164 165 1 0.23 0.23 2.81 174.4 69.5 1098.4 1810 1.06 0.26 1.24 4.81 1.21 1m bag
KVRC014 165 166 1 1.29 1.14 1.57 1.15 2.78 141.2 63.8 573.6 4377 0.99 0.28 1.01 5.12 1.24 1m bag
KVRC014 166 167 1 0.64 0.62 0.66 3.33 127.9 390.1 712.6 2432 0.93 0.38 1.17 5.69 2.03 1m bag
KVRC014 167 168 1 0.18 0.18 2.15 148.5 26 250.1 736 1.37 0.35 1.36 6.11 2.70 1m bag
KVRC015 91 92 1 0.01 0.01 0.89 149.2 7.8 144.5 1236 0.36 0.82 1.65 3.79 1.61 1m bag
KVRC015 92 93 1 1.01 1 1.01 0.93 113.3 14.5 174.9 5295 0.41 0.91 1.18 5.27 1.79 1m bag
KVRC015 93 94 1 3.92 3.99 4.03 3.75 0.48 113.6 22.4 451.1 5960 0.55 1.11 0.62 5.83 2.24 1m bag
KVRC015 94 95 1 1.07 1.03 1.1 1.19 137.8 45.8 1518.8 11335 2.23 1.32 0.72 5.00 2.07 1m bag
KVRC015 95 96 1 1.15 1.22 1.07 5.06 1032.1 115.4 13058.5 8135 12.01 1.20 0.91 0.87 0.53 1m bag
KVRC015 96 97 1 0.30 0.29 0.3 3.42 882.2 74.3 23137 558 13.02 0.90 0.54 0.36 0.21 1m bag
KVRC015 97 98 1 0.50 0.52 0.47 2.23 355.1 73.7 8822.8 339 6.53 1.46 0.76 2.11 2.10 1m bag
KVRC015 98 99 1 0.29 0.31 0.27 1.41 181.8 46.9 1423.3 268 3.16 0.99 0.61 3.90 1.95 1m bag
KVRC015 99 100 1 0.18 0.18 1.72 302.3 90.9 5653 173 4.93 1.43 0.78 3.97 2.32 1m bag
KVRC015 100 101 1 2.22 2.13 2.3 8.61 680.6 627.4 24691.7 171 17.50 0.53 0.56 1.13 0.37 1m bag
KVRC015 101 102 1 0.48 0.43 0.52 1.54 194 160.6 1678.2 462 3.58 1.47 0.97 4.71 2.76 1m bag
KVRC015 102 103 1 0.29 0.29 0.63 60.4 45.8 437.3 5610 0.92 0.41 1.22 5.96 2.47 1m bag
KVRC015 103 104 1 1.53 1.47 1.62 1.51 0.85 117.1 43.6 344.2 6435 0.92 0.43 1.74 5.09 2.56 1m bag
KVRC015 104 105 1 1.01 0.99 1.02 0.42 74.3 26.9 232.3 7130 0.84 0.28 1.82 4.84 2.38 1m bag
KVRC015 105 106 1 1.13 1.22 1.07 1.09 1.37 139.8 44.7 2045.7 3389 1.27 0.51 1.47 4.98 1.97 1m bag
KVRC015 106 107 1 0.35 0.35 0.55 90.2 11.3 248 970 0.19 0.20 2.04 5.07 2.25 1m bag
KVRC015 107 108 1 0.09 0.09 0.41 99.6 11.3 217.1 148 0.25 0.28 2.01 5.32 3.16 1m bag
KVRC016 84 88 4 0.04 0.04 0.59 105.1 6.6 130.6 368 0.11 0.07 1.40 5.25 1.29 4m composite
KVRC016 88 92 4 0.19 0.19 2.72 106.5 11.5 162.1 746 0.15 0.10 1.37 5.82 1.45 4m composite
KVRC016 92 96 4 0.53 0.49 0.56 0.86 102.9 7.5 117.3 2190 0.18 0.12 1.27 5.90 1.18 4m composite
KVRC016 96 100 4 1.52 1.58 1.45 1.89 94.1 11.2 122.9 2902 0.16 0.27 1.04 5.82 0.89 4m composite
KVRC016 100 101 1 0.61 0.62 0.59 0.65 75.7 14.9 159.8 1888 0.12 0.28 0.68 4.65 0.73 1m bag
KVRC016 101 102 1 0.07 0.07 1.39 585.5 7 5671.3 146 0.84 0.19 0.79 4.94 1.24 1m bag
KVRC016 102 103 1 0.15 0.15 1.06 164.8 6.4 2525.5 1932 1.32 0.54 0.82 5.05 1.59 1m bag
KVRC016 103 104 1 0.11 0.11 0.56 101.7 9.1 562.3 1306 0.89 0.52 0.70 5.92 1.08 1m bag
KVRC016 104 105 1 14.73 14.35 13.25 16.6 2.43 102.6 22.6 823.7 32670 2.31 0.62 0.51 7.13 2.10 1m bag
KVRC016 105 106 1 0.27 0.24 0.29 1.17 258.9 16.3 3942.1 2154 2.62 1.07 0.85 4.92 2.63 1m bag
KVRC016 106 107 1 0.34 0.37 0.3 1.48 116.8 14.6 1550.7 2847 0.84 1.72 1.36 5.41 3.35 1m bag
KVRC016 107 108 1 0.22 0.22 1.32 372.4 15.1 3434.1 105 1.83 0.37 0.36 6.95 2.03 1m bag
KVRC016 108 109 1 0.05 0.05 0.9 87.1 20.6 1627 106 0.50 0.74 0.83 4.72 2.45 1m bag
KVRC016 109 110 1 0.06 0.06 0.05 1.06 115.3 9 354 439 0.85 0.41 0.85 5.26 1.58 1m bag
KVRC016 110 111 1 0.15 0.14 0.15 0.97 161.8 7.6 260.1 2215 1.14 0.17 1.03 5.72 1.45 1m bag
KVRC016 111 112 1 0.02 0.02 0.79 132.8 10.2 301.5 176 0.95 0.37 1.15 5.61 2.67 1m bag
KVRC016 112 113 1 0.04 0.04 1.01 168 8.3 350.2 <10 1.14 0.18 1.23 6.08 2.61 1m bag
KVRC016 113 114 1 0.03 0.03 0.02 1.18 183.5 10.5 1588.7 <10 1.24 0.45 1.45 5.21 2.47 1m bag
KVRC016 114 115 1 0.04 0.04 0.35 111 7.4 241.3 <10 0.44 0.44 1.49 5.11 2.52 1m bag
KVRC016 115 116 1 0.04 0.04 0.38 82.7 8.9 194.9 <10 0.35 0.23 1.43 4.41 2.27 1m bag
KVRC016 116 117 1 0.03 0.03 1.04 8.5 8.9 196.9 72 0.02 0.30 1.01 6.93 2.67 1m bag
KVRC016 117 118 1 1.69 1.76 1.62 1.76 99.8 141 5883 5353 1.20 0.33 1.44 2.48 1.15 1m bag
KVRC016 118 119 1 0.16 0.16 0.75 103.3 27 1155.8 2191 0.92 0.59 1.35 5.73 2.32 1m bag
KVRC017 180 181 1 0.29 0.29 2.27 187.6 11.6 239.6 2025 1.65 0.68 1.73 5.78 3.34 1m bag
KVRC017 181 182 1 2.81 2.72 2.96 2.76 3.89 388.4 84.3 7058.6 1128 4.58 0.77 0.76 3.93 1.87 1m bag
KVRC017 182 183 1 0.15 0.16 0.14 5.33 549.8 195.1 13103.3 1711 46.34 0.21 0.06 0.17 0.07 1m bag
KVRC017 183 184 1 0.67 0.66 0.68 3.52 733.3 54.9 4735.4 163 13.23 0.49 0.16 0.90 0.49 1m bag
KVRC017 184 185 1 0.24 0.24 4.14 557 139.4 8030.8 114 6.73 1.93 0.18 2.54 1.44 1m bag
KVRC017 185 186 1 0.15 0.15 2.14 200.6 64.8 4421.7 121 2.68 1.80 0.16 4.72 1.91 1m bag
KVRC017 186 187 1 0.20 0.19 0.2 2.19 247 41 5746.3 55 3.11 2.85 0.22 5.66 3.02 1m bag
KVRC017 187 188 1 0.07 0.07 3.03 131.6 33.9 495.5 56 1.73 2.48 0.19 5.79 3.24 1m bag
KVRC017 188 189 1 0.55 0.58 0.52 7.10 623.7 557.3 15216.8 52 4.49 2.36 0.50 4.46 2.43 1m bag
KVRC017 189 190 1 1.99 2.01 1.96 1.97 112.5 40.8 3842 1361 1.38 1.50 0.92 6.28 2.65 1m bag
KVRC017 190 191 1 0.15 0.15 0.24 101.9 10.9 1464.4 397 0.79 0.41 0.88 5.45 0.87 1m bag
KVRC018 120 121 1 0.04 0.04 0.52 85.8 16.4 178.5 <10 0.23 0.69 0.73 4.34 1.63 1m bag
KVRC018 121 122 1 1.81 1.78 1.84 1.36 110.5 31.8 225.3 3679 0.84 0.89 0.44 5.16 1.79 1m bag
KVRC018 122 123 1 0.50 0.48 0.51 0.38 96.8 18.2 1839.5 7123 0.82 0.85 0.46 4.67 1.84 1m bag
KVRC018 123 124 1 0.17 0.17 0.28 53.4 23.1 3219.2 4533 0.72 1.97 0.72 3.29 1.46 1m bag
KVRC018 124 125 1 0.49 0.55 0.42 3.00 285.1 329.2 13147.2 1493 5.01 2.49 0.90 3.95 1.06 1m bag
KVRC018 125 126 1 2.98 3.17 2.77 3 11.94 517 2020.7 20128.1 1046 7.23 0.86 0.49 5.11 1.02 1m bag
KVRC018 126 127 1 0.32 0.32 4.02 223.3 777.1 7326.5 1896 2.16 1.30 0.24 5.74 1.71 1m bag
KVRC018 127 128 1 0.55 0.5 0.59 1.30 165.5 132.4 1096.4 4152 2.68 1.54 0.19 4.76 1.86 1m bag
KVRC018 128 129 1 0.27 0.27 1.21 126.6 125.2 3355 2765 2.58 2.01 0.41 4.75 1.62 1m bag
KVRC018 129 130 1 3.76 3.87 3.42 3.99 7.84 212.5 536.3 5466.1 1657 1.80 1.28 0.46 4.60 1.78 1m bag
KVRC018 130 131 1 1.57 1.71 1.37 1.64 3.50 121.2 579.1 2850.3 2316 1.81 1.43 0.54 6.03 1.94 1m bag
KVRC018 131 132 1 0.59 0.64 0.54 2.45 117.1 404.5 2082.3 322 3.54 1.58 0.42 3.95 1.30 1m bag
KVRC018 132 133 1 0.55 0.58 0.52 1.43 68.4 177.5 803 1170 2.07 2.21 0.86 4.00 1.42 1m bag
KVRC018 133 134 1 0.80 0.82 0.78 3.87 216 385.5 540.8 335 4.77 0.87 0.75 3.47 1.33 1m bag
KVRC018 134 135 1 0.26 0.26 0.86 153.3 59.8 447.7 126 3.54 0.57 0.62 5.90 2.25 1m bag
KVRC019 163 164 1 0.08 0.08 1.50 200.8 29.4 7299.1 1552 2.50 0.77 0.44 6.47 2.38 1m bag
KVRC019 164 165 1 0.02 0.02 0.01 4.84 278.2 361.9 36187.2 1123 32.41 0.68 0.24 1.08 0.37 1m bag
KVRC019 165 166 1 11.08 12.17 10.18 10.88 19.48 293.1 1733.9 30869.2 2184 11.20 0.34 0.11 0.63 0.16 1m bag
KVRC019 166 167 1 4.53 4.57 4.48 5.88 227.1 472 13725.2 1201 17.12 0.86 0.20 0.29 0.10 1m bag
KVRC019 167 168 1 14.61 15.92 13.49 14.42 20.17 266.7 1773.9 29193.2 2037 11.45 0.37 0.11 0.65 0.17 1m bag
KVRC019 168 169 1 8.57 8.57 14.4 168.1 1086.5 2940 1474 7.20 0.72 0.14 1.02 0.27 1m bag
KVRC019 169 170 1 7.80 7.94 7.8 7.67 5.99 278.5 337.5 3220.2 2603 8.03 1.83 0.33 1.60 0.47 1m bag
KVRC019 170 171 1 6.42 6.52 6.12 6.61 8.89 239.1 758.4 1870.8 3874 3.94 1.70 0.44 0.88 0.38 1m bag
KVRC019 171 172 1 6.08 5.99 6.16 12.66 493.7 949.2 3264.1 2116 8.20 0.79 0.17 0.48 0.24 1m bag
KVRC019 172 173 1 3.58 3.35 3.78 3.6 7.39 160.9 568.1 888.1 1492 2.61 1.51 0.39 1.30 0.45 1m bag
KVRC019 173 174 1 11.28 11.51 9.11 13.21 33.48 229.2 2201.2 1075 3003 3.31 0.99 0.31 1.99 0.40 1m bag
KVRC019 174 175 1 9.82 10.09 9.17 10.21 11.23 116.8 1294.9 1668.2 10044 3.01 1.18 0.68 5.71 1.96 1m bag
KVRC019 175 176 1 0.61 0.61 0.61 1.86 123.7 88.7 714.3 8990 1.43 0.49 0.99 4.66 1.24 1m bag
KVRC019 176 177 1 0.36 0.36 1.13 95.9 68.7 1195.4 3676 1.17 0.34 1.11 4.57 1.05 1m bag
KVRC019 177 178 1 0.41 0.41 1.42 168.6 60.7 1325.6 4105 1.65 0.35 1.15 4.26 1.10 1m bag
KVRC019 178 179 1 0.09 0.09 0.43 85 22.3 373 847 0.48 0.13 1.05 4.72 0.71 1m bag
KVRC019 179 180 1 0.19 0.19 0.55 92.3 17.7 371.4 2048 0.66 0.61 1.47 5.80 3.16 1m bag
KVRC019 180 181 1 0.38 0.4 0.36 1.33 204.2 19 1004 344 2.31 0.49 1.44 5.90 3.15 1m bag
KVRC019 181 182 1 0.08 0.08 0.67 125.7 50.3 368.9 77 1.82 0.42 1.55 5.40 3.12 1m bag
KVRC019 182 183 1 0.03 0.03 0.52 80.8 19 347.7 90 0.48 0.66 1.52 5.39 3.37 1m bag
KVRC020 162 163 1 0.17 0.17 0.72 69.3 22.6 210.1 <10 0.27 0.42 1.29 5.01 2.02 1m bag
KVRC020 163 164 1 0.51 0.46 0.55 0.52 118.1 26.3 821.9 <10 1.22 0.38 0.96 4.25 1.12 1m bag
KVRC020 164 165 1 0.20 0.2 0.58 74.3 15.9 358.6 <10 0.54 0.69 0.87 5.59 1.74 1m bag
KVRC020 165 166 1 0.07 0.07 0.52 91.6 17.7 770.4 <10 1.16 0.94 0.44 6.27 1.71 1m bag
KVRC020 166 167 1 0.29 0.3 0.27 0.35 64.4 13.5 237.3 <10 0.88 0.62 0.33 4.82 1.33 1m bag
KVRC020 167 168 1 0.73 0.68 0.78 0.62 142 19.4 690.2 <10 2.65 0.83 0.57 5.05 1.75 1m bag
KVRC020 168 169 1 0.67 0.63 0.71 1.00 102.8 28.8 1355.2 <10 2.72 1.74 0.63 1.78 0.83 1m bag
KVRC020 169 170 1 0.18 0.18 0.69 141.1 20.3 338.6 <10 2.43 1.31 0.77 4.09 1.99 1m bag
KVRC021 88 89 1 0.02 0.02 0.34 92.6 12.4 301.1 <10 0.29 0.20 0.85 6.44 1.42 1m bag
KVRC021 89 90 1 0.43 0.34 0.52 0.93 102.2 14 205.7 <10 0.38 0.31 1.11 5.66 2.25 1m bag
KVRC021 90 91 1 0.36 0.36 0.46 118.3 15.3 228.2 <10 0.55 0.33 1.02 5.38 1.30 1m bag
KVRC021 91 92 1 0.32 0.32 0.48 80.4 18.9 347.7 <10 0.32 0.83 1.24 6.13 2.41 1m bag
KVRC021 92 93 1 0.64 0.63 0.65 0.55 143.6 25.1 628.7 <10 0.70 0.44 0.68 4.20 1.44 1m bag
KVRC021 93 94 1 3.57 3.62 3.51 0.98 152.6 37.6 1512 <10 0.88 0.56 0.54 8.34 1.82 1m bag
KVRC021 94 95 1 0.20 0.2 1.89 729 58.8 17542.8 877 6.65 0.67 0.81 2.28 1.08 1m bag
KVRC022 106 107 1 <0.01 <0.01 0.33 110.4 9.2 365.2 <10 0.34 0.56 1.31 6.34 1.69 1m bag
KVRC022 107 108 1 3.77 3.86 3.97 3.49 0.31 58.5 28.5 644.9 170 0.35 2.69 0.95 5.23 2.44 1m bag
KVRC022 108 109 1 6.70 6.35 6.01 7.73 0.36 170.4 26.9 4420.1 6067 3.33 0.91 0.45 2.68 1.04 1m bag
KVRC022 109 110 1 0.90 0.92 0.87 0.66 302.6 23.5 10798.3 30310 4.23 1.65 0.74 3.58 1.73 1m bag
KVRC022 110 111 1 0.17 0.17 0.23 45.8 7.3 964.2 7040 0.18 0.22 0.22 0.86 0.35 1m bag
KVRC022 124 125 1 0.08 0.08 0.41 129.2 14.2 280 <10 1.00 0.34 1.05 6.28 1.64 1m bag
KVRC022 125 126 1 0.48 0.53 0.43 1.09 221.6 17.3 4133.2 <10 2.45 2.08 0.86 4.66 3.05 1m bag
KVRC022 126 127 1 1.15 1.09 1.2 1.32 449.9 48.9 16285.4 <10 6.36 2.93 1.02 1.30 0.67 1m bag
KVRC022 127 128 1 0.36 0.37 0.35 0.91 152.8 155.5 950.6 <10 3.32 1.88 1.01 3.26 1.22 1m bag
KVRC022 128 129 1 0.25 0.25 0.51 62.1 24 504.3 <10 1.00 2.12 0.80 5.14 2.53 1m bag
KVRC023 85 86 1 0.09 0.08 0.09 0.33 96.3 32.1 240.4 <10 0.61 0.20 1.50 4.98 0.96 1m bag
KVRC023 86 87 1 1.37 1.35 1.21 1.54 0.62 139.1 41.9 2147.1 <10 1.27 0.53 1.14 4.92 1.28 1m bag
KVRC023 87 88 1 0.23 0.23 1.13 327.3 54.6 4488.4 <10 4.14 1.01 0.90 5.04 1.47 1m bag
KVRC023 88 89 1 0.57 0.63 0.5 0.66 198 53.4 1873.4 <10 2.06 1.70 1.34 4.46 1.42 1m bag
KVRC023 89 90 1 0.22 0.22 0.36 109 52 327.9 <10 0.75 1.77 0.43 5.20 2.30 1m bag
KVRC023 90 91 1 0.11 0.11 0.39 76.2 91.1 370.2 <10 0.43 2.22 0.37 4.79 1.99 1m bag
KVRC023 91 92 1 0.05 0.05 0.55 127.4 63 559.6 <10 0.36 1.56 0.44 5.36 2.16 1m bag
KVRC023 92 93 1 0.04 0.04 0.52 102.1 61.9 301.5 <10 0.18 0.77 1.06 6.03 1.83 1m bag
KVRC023 93 94 1 0.03 0.03 0.54 163.7 68.6 423.7 <10 0.46 0.96 1.56 5.42 2.28 1m bag
KVRC023 94 95 1 0.04 0.04 0.47 106.8 86.9 253.1 <10 0.18 0.53 1.68 6.18 1.82 1m bag
KVRC023 95 96 1 0.04 0.04 34.94 212.6 33351.5 260 <10 1.39 0.14 1.88 5.73 1.28 1m bag
KVRC023 96 97 1 0.11 0.1 0.11 0.5 79.1 160.6 163.4 <10 0.21 0.28 2.16 5.97 2.21 1m bag
KVRC023 97 98 1 0.05 0.05 0.39 106 74.4 152.6 <10 0.25 0.20 2.05 5.36 1.96 1m bag
KVRC023 98 99 1 0.04 0.04 0.3 54.2 48.6 153.1 <10 0.11 0.34 2.13 6.60 2.21 1m bag
KVRC023 99 100 1 0.04 0.04 0.58 78 66.5 171.9 <10 0.18 0.22 2.57 5.92 2.21 1m bag
KVRC023 100 101 1 0.04 0.04 0.33 77.2 47.5 139.5 <10 0.12 0.26 2.56 6.02 1.98 1m bag
KVRC023 101 102 1 0.04 0.04 10.24 48.5 17000.1 169.5 <10 0.42 0.27 2.71 5.73 2.42 1m bag
KVRC023 102 103 1 0.05 0.05 0.76 150.4 120.3 197.9 <10 0.41 0.24 2.45 5.40 2.54 1m bag
Section 1 Sampling Techniques and Data
Criteria JORC Code Explanation Commentary
Sampling techniques Nature and quality of sampling (e.g. cut channels, random chips, or specific RC samples have been split on the rig by a cone splitter attached to a
specialised industry standard measurement tools appropriate to the minerals cyclone.
under investigation, such as down hole gamma sondes, or handheld XRF
instruments, etc). These examples should not be taken as limiting the broad 1m cone spilt samples were collected off the splitter in their original calico
meaning of sampling sample bags along the length of the favourable targeted horizon through to end
of hole.
4m composite samples using a spear were collected over the remaining
non-favourable unmineralized upper zones.
Core samples were ½ cut using an automatic core saw.
Include reference to measures taken to ensure sample representivity and the An onboard cone splitter was used for the RC sampling to ensure sample
appropriate calibration of any measurement tools or systems used. representivity for all samples reported within the anomalous zones. Cone
splitting is considered an industry best practice method for ensuring sample
representivity.
Aspects of the determination of mineralisation that are Material to the Public Determination of Mineralisation was established by modelling of the FLTEM and
Report. In cases where 'industry standard' work has been done this would be DHTEM target zones and as confirmed by the earlier 2019 & 2020 RC
relatively simple (e.g. 'reverse circulation drilling was used to obtain 1 m drilling. These zones were visually confirmed by geological observations in
samples from which 3 kg was pulverised to produce a 30 g charge for fire the field and determined to be accurately estimated.
assay'). In other cases more explanation may be required, such as where there
is coarse gold that has inherent sampling problems. Unusual commodities or Reverse circulation drilling was used to obtain 1m samples from which a
mineralisation types (e.g., submarine nodules) may warrant disclosure of nominal 2-3 kg (depending on sample recovery) was pulverised. 4m composite
detailed information. samples were collected through zones determine to be non-mineralised for data
set completeness.
Diamond core samples were cut in half and the geological sample length of ½
core was sampled.
Samples were submitted to NAL. a commercial laboratory in in Pine Creek NT for
analysis.
RC & Core samples were analysed using Fire Assay for gold a 4 acid digest
with ICP-OES or ICP-MS finish for 10 elements.
Drilling Techniques Drill type (e.g. core, reverse circulation, open- hole hammer, rotary air RC drilling was completed by Ausdrill (10 holes), using a 5 ½ inch face
blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or sampling RC hammer.
standard tube, depth of diamond tails, face-sampling bit or other type,
whether core is oriented and if so, by what method, etc). Diamond core drilling was completed by CoreDrill using NQ sized diamond drill
bits.
Drill Sample Recovery Method of recording and assessing core and chip sample recoveries and results All sample were dry and sample recovery in all holes was high with negligible
assessed. loss of recovery observed except in the upper unmineralized 1-2m which has
some loss during collaring of the hole.
No relationship has been established between sample recovery and reported
grade as the project is in its preliminary stages. Samples were all dry and no
negligible sample loss was noted.
Diamond core and further RC drilling techniques will be used in future to
establish a baseline for this purpose.
Measures taken to maximise sample recovery and ensure representative nature of
the samples.
Whether a relationship exists between sample recovery and grade and whether
sample bias may have occurred due to preferential loss/gain of fine/coarse
material.
Logging Whether core and chip samples have been geologically and geotechnically logged Detailed industry standard of sieving each interval and collecting drill chips
to a level of detail to support appropriate Mineral Resource estimation, in chip trays was undertaken for geological logging.
mining studies and metallurgical studies.
Diamond core was detailed logged over the entire length prior to cutting and
sampling.
Drill hole logs are digitally entered directly into Excel Spreadsheets as the
drilling progressed which were then imported and validated in Micromine
Software.
Whether logging is qualitative or quantitative in nature. Core (or costean, Chip trays and drill core was photographed at completing of hole for permanent
channel, etc) photography. reference and validation by the Director of Geolithic Geological Services.
The total length and percentage of the relevant intersections logged. The entire length of all RC & DD holes were logged.
Sub-sampling techniques and sample preparation If core, whether cut or sawn and whether quarter, half or all core taken. Core was ½ cut along the entire length of the mineralised zone. A single
sample was ¼ cut and duplicate sample was taken of this interval.
If non-core, whether riffled, tube sampled, rotary split, etc and whether RC samples were cone split to achieve a nominal 2-3kg split sample for
sampled wet or dry. laboratory submission. Samples were dry to damp.
For all sample types, the nature, quality and appropriateness of the sample The sample preparation technique was completed by a commercial laboratory and
preparation technique. is considered industry best standard practice.
Quality control procedures adopted for all sub-sampling stages to maximise No sub-sampling was completed as all 1m samples were collected by the cone
representivity of samples. splitter.
Measures taken to ensure that the sampling is representative of the in-situ Field duplicates were collected through the mineralised zones by way of scoop
material collected, including for instance results for field sampling of the selected 1m cone splits duplicate through the mineralised
duplicate/second-half sampling. zones to compare results.
Whether sample sizes are appropriate to the grain size of the material being Sample sizes are appropriate to the grain size of the mineralisation.
sampled.
Quality of assay data and laboratory tests The nature, quality and appropriateness of the assaying and laboratory Samples were submitted to NAL, a commercial laboratory in Pine Creek, NT for
procedures used and whether the technique is considered partial or total. analysis.
RC & Core samples were analysed using Fire Assay for gold a 4 acid digest
with ICP-OES or ICP-MS finish for 10 elements.
For geophysical tools, spectrometers, handheld XRF instruments, etc, the Earlier FLEM survey formed the initial target zone with DHEM completed in 5 of
parameters used in determining the analysis including instrument make and the 12 drill holes for JET modelling and future drill testing.
model, reading times, calibrations factors applied and their derivation, etc.
· DHEM parameters are as follows;
· Tx Loop size: 500 x 800 m
· Transmitter: GAP HPTX-70
· Receiver: EMIT SMARTem24
· Sensor: EMIT DigiAtlantis
· Station spacing: 2m to 10 m
· Tx Freq: 0.5 Hz
· Duty cycle: 50%
· Current: ~130 Amp
· Stacks: 32-64
· Readings: 2-3 repeatable readings per station
Nature of quality control procedures adopted (e.g. standards, blanks, Duplicate samples came back within expected range for this style of
duplicates, external laboratory checks) and whether acceptable levels of mineralisation.
accuracy (i.e. lack of bias) and precision have been established.
Verification of sampling and assaying The verification of significant intersections by either independent or Auralia Mining Consultants have verified the significant intersections based
alternative company personnel. on the issued laboratory results & certificates.
The use of twinned holes Diamond core drilling and twinning will be completed during the next phase of
works.
Discuss any adjustment to assay data No adjustments have been made to the assay data.
Location of data points Accuracy and quality of surveys used to locate drill holes (collar and The holes were pegged by experienced personnel from Geolithic Geological
down-hole surveys), trenches, mine workings and other locations used in Services using a hand held GPS + 3m
Mineral Resource estimation.
The rig was setup over or as close to the nominated hole position and final
collar position and RL was determined using a detailed GPS controlled drone
orthophotography DTM at completion of the drilling.
Specification of the grid system used MGA94_51
Quality and adequacy of topographic control A high-quality 120m flight height drone ortho-photogrammetry survey was
completed and processed using DroneDeploy's Terrain processing mode. 667
images x 17MP resolution were captured, producing 31.2M points and 4M mesh
triangles with a point cloud density of 46.83 points/m(2). DroneDeploy
produced a GSD Orthomosaic with 2.44cm/px resolution. An Absolute Altitude
model was also generated from the Mesh producing a DEM of 9.76cm/px.
The survey reported a RMSE accuracy the of Camera GPS Location of 1.42m which
is more than adequate for this level of drilling detail.
Data spacing and distribution Data spacing for reporting of Exploration Results Drilling was completed along 5 drill traverses spaced ~50m apart. Holes are
spaced 10-40m apart along the traverses.
Whether the data spacing and distribution is sufficient to establish the The geological and grade continuity as well as the current drill spacing is
degree of geological and grade continuity appropriate for the Mineral Resource more than adequate for this early discovery and Inferred Resource category.
and Ore Reserve estimation procedure(s) and classifications applied. Infill and extension drilling has been planned to increase the drill density
so as to convert the Inferred Resource to Indicated category and to test the
Exploration Target zone.
Whether sample compositing has been applied
No post assaying compositing has been applied other than length weighted
averaging of the intersections.
Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible Drilling was designed to intersect the modelled FLEM and DHEM target zones at
structures and the extent to which this is known, considering the deposit right angles to the define mineralised target zone. This was achieved and
type. interpretations suggest there is no sample bias.
If the relationship between the drilling orientation and the orientation of
key mineralised structures is considered to have introduced a sampling bias,
this should be assessed and reported if material. No sampling bias has been identified.
Sample security The measures taken to ensure sample security Samples were in the possession of two responsible Geolithic Geological
Services personnel from field collection to sample dispatch via transport
courier to the NT. No issues with security have been identified.
Section 2 Reporting of Exploration Results
Criteria JORC Code Explanation Commentary
Mineral tenement and land tenure status Type, reference name/number, location and ownership including agreements or Exploration Licence E36/876 is located 30km north of Leinster within the rich
material issues with third parties such as joint ventures, partnerships, Mt Keith-Kathleen Valley-Leinster minerals belt. TPE holds 80% of the
overriding royalties, native title interests, historical sites, wilderness or Kathleen Valley project in joint venture with Metal Rocks who hold 20%
national park and environmental settings. following the completion of an earn-in and the signing of an agreement between
the parties in 2019. Mila Resources is earning a 30% interest initially in
the Project, with the opportunity to increase its earning to 80%.
The security of the tenure held at the time of reporting along with any known
impediments to obtaining a licence to operate in the area.
All regulatory and heritage approvals have been met to date and there are no
known impediments to operate in the area.
Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. Gold has been mined in the area since the 1890s with most of the early
production coming from the Kathleen Valley (4 km north of the Project area)
and Sir Samuel (5 km south of the project area) mining centres.
The most comprehensive work within the project area was completed by Barrick
Gold and joint venture partners between 1992 and 2003. This exploration work
largely focused on gold and included rock chip sampling, widespread auger soil
sampling and reverse circulation percussion (RCP) drill testing of some gold
targets in the north of the project area. The follow-up RCP drilling
intersected only minor gold anomalous material and the project was suspended.
Assays for auger sampling were for gold only with no other elements analysed,
while RCP samples assayed for gold, arsenic, copper, nickel, lead and zinc.
Geology Deposit type, geological setting and style of mineralisation. The project area is in the Kalgoorlie Terrane within the Archean Yilgarn
Craton. Greenstone belts in the region include part of the Agnew Greenstone
Belt, the Mount Keith-Perseverance Greenstone Belt and the Yakabindie
Greenstone Belt.
The weakly deformed Yakabindie Greenstone sequence comprises the layered
Kathleen Valley Gabbro overlain by the massive tholeiitic Mount Goode Basalt.
The Mount Goode Basalt is overlain by metamorphosed sedimentary and felsic
volcanic rocks. The overturned Yakabindie sequence which dips steeply to the
northwest and youngs to the south, is bounded to the east by the north
trending Miranda Fault and intruded in the west by granitic rocks. The area
surrounding the junction of the Miranda Fault with the northwest trending,
sinistral Highway and Yakabindie Faults has been intensely sheared with some
block rotation. The Yakabindie Shear zone, 1 km west of the project area, is
a 100 m wide zone of deformed metabasalt with a well-developed steep,
northwest trending mineral lineation.
The project area, which lies to the west of the Miranda Fault, is underlain by
the Archaean Mount Goode Basalt and interflow sediments. The lower part of the
basalt is a massive porphyritic, tholeiitic metabasalt, with the upper part
being characterised by the patchy development of a plagioclase-phyric phase
forming plagioclase phenocrysts throughout the fine-grained metabasalt.
Pillow-lava and flow-top breccia structures are locally preserved in some
areas.
Mineralisation is associated with a sulphidic base metal bearing VMS
exhalative horizon between basalt flows. Gold-arsenic bearing structures and
fluids associated with faulting/shearing in the region have utilized the VMS
horizon as a conduit resulting in gold and base metal mineralisation occurring
concurrently.
Drill hole information A summary of all information material to the understanding of the exploration All relevant drillhole information can be found in Tables contained in the
results including a tabulation of the following information for all Material body of this report.
drill holes:
No information is excluded with details from all previous and current holes
being reported.
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.
Data aggregation methods In reporting Exploration Results, weighting averaging techniques, maximum Length weighted averages have been applied to the overall mineralised
and/or minimum grade truncations (eg cutting of high grades) and cut-off intersection to provide balanced reporting. A 0.5g/t Au lower cut off
grades are usually Material and should be stated. defined the mineralisation, and no top cuts have been applied.
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.
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 Results within this report are reported as true widths or close to true
known, its nature should be reported. width as the holes are interpreted to have intersected the target at or very
close to perpendicular.
If it is not known and only the down hole lengths are reported, there should
be a clear statement to this effect (e.g. 'down hole length, true width not
known').
Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts Appropriate maps, sections and diagrams are included in the report.
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.
Balanced reporting Where comprehensive reporting of all Exploration Results is not practicable, All grades and mineralised widths are included in Table 3 of this report.
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 Everything meaningful and material is disclosed in the body of the report.
including (but not limited to): geological observations; geophysical survey Geological observations have been factored into the report.
results; geochemical survey results; bulk samples - size and method of
treatment; metallurgical test results; bulk density, groundwater, geotechnical Bulk samples, metallurgical, bulk density, groundwater, geotechnical and/or
and rock characteristics; potential deleterious or contaminating rock characteristics test have not been factored at this early stage but be
substances. included in the next round of RC and DD core drilling programs.
There are no known potential deleterious or contaminating substances other
than arsenic which is associated with the gold mineralisation.
Further work The nature and scale of planned further work (e.g. tests for lateral Approximately 30 RC holes and 10 diamond tails have been planned (~11,000m) to
extensions or large scale step out drilling. depths of up to 400m to test infill the resource zone and test the extensions
of the defined mineralisation. DHEM will be completed on selected holes
to assist in guiding the deeper and extensional drilling. Bulk density (SG)
and metallurgical test works will be undertaken on the DD core. This will
facilitate an increased resource estimation and mining potential.
Diagrams clearly highlighting the areas of possible extensions, including the
main geological interpretations and future drilling areas, provided this
information is not commercially sensitive.
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