REG - Oracle Power PLC - Gold Target Zone Increased with Drilling at NZ
27/08/2024 08:15
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RNS Number : 8046B Oracle Power PLC 27 August 2024
27 August 2024
Oracle Power PLC
("Oracle" or the "Company")
Gold Target Zone Increased with Latest Drilling at Northern Zone Project
Oracle Power PLC (AIM:ORCP), an international project developer, is pleased to
announce that it has received further assay results from the recently
completed 1,903m Aircore (AC) drilling campaign at the Northern Zone Intrusive
Hosted Gold Project ("Northern Zone" or the "Project").
Highlights:
o Highest grade interval to date from shallow drilling of 27.5 g/t gold (drill
hole NZAC033) recorded over 1 metre in recently completed drilling.
o Significant shallow gold intercepts, include:
▪ 16m @ 4.69 g/t Au from 30m (drill hole NZAC033)
▪ 4m @ 6.9 g/t Au from 39m (drill hole NZAC029)
▪ 3m @ 3.32 g/t Au from 35m (drill hole NZAC030)
▪ 9m @ 1.2 g/t Au from 31m (drill hole NZAC048)
▪ 3m @ 2.68 g/t Au from 31m (drill hole NZAC043)
▪ 3m @ 2.11 g/t Au from 46m (drill hole NZAC044)
▪ 4m @ 1.47 g/t Au from 30m (drill hole NZAC053)
o Single metre assay of drill hole NZRC001 has now been completed returning a
higher-grade core that includes:
▪ 10m @ 4.94g/t Au from 39m (NZRC001)(( 1 ))
▪ Or 14m @ 3.6/t Au from 39m
▪ Or 18m @ 2.8g/t Au from 36m (if the same interval as the composite).
o Further step-out targeted drilling is now being planned over the expanded
footprint of the mineralised porphyry.
Naheed Memon, CEO of Oracle, commented:
"These latest gold results are very exciting for the Project and it is great
to be able to back up initial results at Northen Zone, with this latest run of
assays so quickly after the recent success of our maiden RC and AC campaigns.
The results indicate that we have very significant shallow supergene and oxide
gold mineralisation and that targeting this mineralisation has generated
positive results that far exceed our expectations. We suspect that we have a
number of these high-grade zones overlying this extensive gold mineralised
porphyry system and the next drill programme will test this expansive shallow
model.
"New drilling, which is being planned, will focus on heading to the
north-east, north-west and south-east, where the maiden diamond drilling
traverse intersected mineralisation down to 450 metres and in excess of 150
metres thick in the un-weathered underlying porphyry 2 . The identification of
a fault, believed to be a controlling feature of mineralisation in the area
will also be targeted in a follow up drill programme, that will be finalised
shortly. We look forward to the results from the next round of drilling which
we are hopeful in starting within weeks."
As previously announced, the Northern Zone Project has an Exploration Target
of 200 to 250 million tonnes at a grade of 0.4 g/t to 0.6 g/t Au for 2.5 to
4.8 million oz of gold, as announced by Riversgold Limited (ASX:RGL) to the
ASX on 9 May 2023.
Cautionary Statement: The potential quantity and grade of the Exploration
Target is conceptual in nature. There has been insufficient exploration to
estimate a Mineral Resource and it is uncertain if further exploration will
result in the estimation of a Mineral Resource. The reader is advised that an
Exploration Target is based on existing drill results and geological
observations from drilling as well as interpretation of multiple available
datasets. The Exploration Target is based on historical and more recent Oracle
drilling results. It uses data from 53 historical drillholes drilled between
1998 and 2012, and seven drillholes drilled by Oracle in 2021.
Further Information
Drilling contractor Australian Aircore Drilling (Mick Shorter) completed a
further 26 holes for 1,903m of AC drilling at Northern Zone using a blade to
drilling refusal, with the cuttings being logged by Riversgold Limited's
("RGL") geologists. The detailed logging and assays continue to show that a
significant gold mineralisation event has occurred in the Project area. The
drilling targeted the shallower, up dip portion of the mineralised system,
that yielded a significant composite intercept of 18m @ 4.14g/t Au from 36m
(drill hole NZRC001)(( 3 )).
Single metre assay of drill hole NZRC001 has now been completed returning a
higher-grade core of 10m @ 4.94g/t Au from 38m or 14m @ 3.6/t Au from 38m or
18m @ 2.8g/t Au from 36m if the same interval as the composites is used.
Recent Aircore drilling has replicated zones of gold mineralisation seen in
drill hole NZRC001 with 16m @ 4.69 g/t Au from 30m (drill hole NZAC033), 4m @
6.9 g/t Au from 39m (drill hole NZAC029), 3m @ 3.32 g/t Au from 35m (drill
hole NZAC030) and 9m @ 1.2 g/t Au from 31m (drill hole NZAC048).
Mineralisation remains open in multiple directions, necessitating further
drilling campaigns. Refer to Figure 1 for drilling locations, and Tables 1-4
for location and assay results.
*ENDS*
For further information, visit www.oraclepower.co.uk or contact:
Oracle Power PLC +44 (0) 20 7236 1177
Naheed Memon - CEO
Strand Hanson Limited (Nominated Adviser & Broker) +44 (0) 20 7409 3494
Rory Murphy, Matthew Chandler, Rob Patrick
St Brides Partners Limited (Financial PR) oracle@stbridespartners.co.uk
Isabel de Salis, Susie Geliher
This announcement contains inside information for the purposes of Article 7 of
EU Regulation No. 596/2014, which forms part of United Kingdom domestic law by
virtue of the European (Withdrawal) Act 2018, as amended.
Competent Person's Statement
The information in this announcement that relates to exploration results,
mineral resources or ore reserves is based on information compiled by Mr
Edward Mead, who is a Fellow of the Australasian Institute of Mining and
Metallurgy. Mr Mead is a consultant to the Company. Mr Mead has sufficient
experience which is relevant to the style of mineralisation and type of
deposits under consideration and to the activity that 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 Resources and
Ore Reserves' (the JORC Code). Mr Mead consents to the inclusion of this
information in the form and context in which it appears in this announcement.
Figure 1: Drill collar plan with gold grade contours from all drilling results
to date, section line (Figure 2), and proposed next phase of drilling.
Figure 2: Oblique Schematic cross section. 1.5 times vertical exaggeration.
Geology, supergene mineralisation and oxide mineralisation interpretation with
significant intercepts. Refer to Location Map inset for section line. Refer to
Figure 1 for all drill hole locations and section lines.
APPENDIX 1: Drilling Information
Table 1: Northern Zone Significant Intercepts
Hole ID From (m) To (m) Width (m) Au g/t Intercept
NZAC029 39 43 4 6.9 4m @ 6.9 g/t Au from 39m
NZAC029 54 56 2 1.89 2m @ 1.89 g/t Au from 54m
NZAC030 35 38 3 3.32 3m @ 3.32 g/t Au from 35m
NZAC030 51 54 3 0.6 3m @ 0.6 g/t Au from 51m
NZAC030 59 61 2 3.89 2m @ 3.89 g/t Au from 59m
NZAC031 34 35 1 1.8 1m @ 1.8 g/t Au from 34m
NZAC032 33 35 2 1.4 2m @ 1.4 g/t Au from 33m
NZAC032 55 56 1 1.16 1m @ 1.16 g/t Au from 55m
NZAC032 76 77 1 3.78 1m @ 3.78 g/t Au from 76m
NZAC032 88 91 3 1.17 3m @ 1.17g/t Au from 88m
NZAC033 30 46 16 4.69 16m @ 4.69 g/t Au from 30m
NZAC034 32 33 1 1.2 1m @ 1.2 g/t Au from 32m
NZAC035 36 37 1 4.87 1m @ 4.87 g/t Au from 36m
NZAC037 45 47 2 4 2m @ 4.0 g/t Au from 45m
NZAC038 50 51 1 4.2 1m @ 4.2 g/t Au from 50m
NZAC039 31 35 4 0.64 3m @ 0.78 g/t Au from 32m
NZAC039 68 70 2 0.87 2m @ 0.87 g/t Au from 68m
NZAC040 49 50 1 2.39 1m @ 2.39 g/t Au from 49m
NZAC041 77 78 1 10 1m @ 10.0 g/t Au from 77m
NZAC042 38 39 1 0.61 1m @ 0.61 g/t Au from 38m
NZAC043 31 34 3 2.68 3m @ 2.68 g/t Au from 31m
NZAC043 56 57 1 0.79 1m @ 0.79 g/t Au from 56m
NZAC044 47 52 5 1.34 3m @ 2.11 g/t Au from 46m
NZAC047 51 52 1 1.72 1m @ 1.72 g/t Au from 51m
NZAC048 31 40 9 1.2 9m @ 1.2 g/t Au from 31m
NZAC051 36 37 1 1.66 1m @ 1.66 g/t Au from 36m
NZAC053 30 34 4 1.47 4m @ 1.47 g/t Au from 30m
NZRC001 38 48 10 4.94 10m @ 4.94g/t Au from 38m
NZRC001 38 52 14 3.6 or 14m @ 3.6/t Au from 38m
NZRC001 36 54 18 2.8 or 18m @ 2.8g/t Au from 36m
Table 2: Northern Zone Aircore Drill Collar Locations and information, in
GDA Zone 51J.
Hole_ID East North Elevation Depth (m) Dip Azimuth
NZAC028 381472 6592575 356 71 -90 0
NZAC029 381499 6592576 356 81 -90 0
NZAC030 381525 6592575 356 76 -90 0
NZAC031 381549 6592577 356 60 -90 0
NZAC032 381474 6592603 356 91 -90 0
NZAC033 381501 6592599 356 77 -90 0
NZAC034 381525 6592599 356 60 -90 0
NZAC035 381547 6592599 356 55 -90 0
NZAC036 381475 6592550 356 90 -90 0
NZAC037 381501 6592547 356 90 -90 0
NZAC038 381527 6592552 356 84 -90 0
NZAC039 381553 6592554 356 71 -90 0
NZAC040 381474 6592530 356 84 -90 0
NZAC041 381501 6592528 356 90 -90 0
NZAC042 381523 6592527 356 88 -90 0
NZAC043 381551 6592524 356 78 -90 0
NZAC044 381499 6592505 356 90 -90 0
NZAC045 381547 6592502 356 57 -90 0
NZAC046 381547 6592497 356 82 -90 0
NZAC047 381478 6592627 356 74 -90 0
NZAC048 381499 6592626 356 69 -90 0
NZAC049 381525 6592626 356 56 -90 0
NZAC050 381549 6592646 356 47 -90 0
NZAC051 381504 6592646 356 58 -90 0
NZAC052 381601 6592507 356 66 -90 0
NZAC053 381604 6592549 356 58 -90 0
Table 3: Northern Zone Individual metre assays from NZRC001, 002 and 006
Hole ID From (m) To (m) Width (m) Au Grade (g/t)
NZRC001 36 37 1 0.09
NZRC001 37 38 1 0.07
NZRC001 38 39 1 1.26
NZRC001 39 40 1 22.70
NZRC001 40 41 1 1.11
NZRC001 41 42 1 0.10
NZRC001 42 43 1 1.16
NZRC001 43 44 1 0.73
NZRC001 44 45 1 15.65
NZRC001 45 46 1 0.81
NZRC001 46 47 1 1.07
NZRC001 47 48 1 4.77
NZRC001 48 49 1 0.07
NZRC001 49 50 1 0.23
NZRC001 50 51 1 0.02
NZRC001 51 52 1 0.56
NZRC001 52 53 1 0.07
NZRC001 53 54 1 0.01
NZRC002 36 37 1 0.83
NZRC002 37 38 1 0.56
NZRC002 38 39 1 0.10
NZRC002 39 43 1 2.01
NZRC002 43 44 1 0.68
NZRC002 44 45 1 0.21
NZRC006 57 58 1 0.02
NZRC006 58 59 1 0.01
NZRC006 59 60 1 2.67
Table 4: Northern Zone AC Results > 0.5 Au Grade (g/t) Cutoff
Hole ID From (m) To (m) Width (m) Au Grade (g/t)
NZAC029 39 40 1 26.30
NZAC029 40 41 1 0.64
NZAC029 54 55 1 0.70
NZAC029 55 56 1 3.08
NZAC030 35 36 1 0.86
NZAC030 36 37 1 8.15
NZAC030 37 38 1 0.94
NZAC030 40 41 1 0.53
NZAC030 51 52 1 0.82
NZAC030 53 54 1 0.54
NZAC030 59 60 1 1.47
NZAC030 60 61 1 6.30
NZAC031 34 35 1 1.80
NZAC031 59 60 1 0.88
NZAC032 34 35 1 1.05
NZAC032 35 36 1 1.68
NZAC032 55 56 1 1.16
NZAC032 76 77 1 3.78
NZAC032 88 89 1 1.42
NZAC032 89 90 1 0.86
NZAC032 90 91 1 1.24
NZAC033 30 31 1 0.90
NZAC033 31 32 1 1.08
NZAC033 36 37 1 1.73
NZAC033 37 38 1 11.95
NZAC033 38 39 1 25.50
NZAC033 39 40 1 27.50
NZAC033 40 41 1 2.85
NZAC033 41 42 1 0.75
NZAC033 42 43 1 0.75
NZAC034 32 33 1 1.20
NZAC034 34 35 1 0.80
NZAC035 36 37 1 4.87
NZAC035 38 39 1 0.91
NZAC037 45 46 1 3.71
NZAC037 46 47 1 4.26
NZAC038 50 51 1 4.20
NZAC038 62 63 1 0.55
NZAC039 32 33 1 1.56
NZAC039 47 48 1 0.51
NZAC039 68 69 1 1.37
NZAC040 49 50 1 2.29
NZAC041 77 78 1 10.00
NZAC042 38 39 1 0.61
NZAC043 32 33 1 7.31
NZAC043 56 57 1 0.79
NZAC044 48 49 1 1.98
NZAC044 50 51 1 4.15
NZAC046 80 81 1 0.67
NZAC047 51 52 1 1.72
NZAC048 32 33 1 0.77
NZAC048 33 34 1 3.54
NZAC048 34 35 1 1.24
NZAC048 36 37 1 0.71
NZAC048 37 38 1 2.19
NZAC048 38 39 1 0.54
NZAC048 40 41 1 1.42
NZAC050 43 44 1 0.68
NZAC051 32 33 1 1.08
NZAC051 36 37 1 1.66
NZAC051 52 53 1 0.73
NZAC053 30 31 1 1.37
NZAC053 32 33 1 0.83
NZAC053 33 34 1 3.41
APPENDIX 2: JORC INFORMATION
The following Tables are provided to ensure compliance with the JORC Code
(2012 Edition) requirements for the reporting of Exploration Results at
Northern Zone.
Section 1: Sampling Techniques and Data
(Criteria in this section applies to all succeeding sections)
Criteria JORC Code explanation Commentary
Sampling techniques Nature and quality of sampling (eg cut channels, random chips, or specific Every metre drilled was placed on the ground.
specialised industry standard measurement tools appropriate to the minerals
under investigation, such as down hole gamma sondes, or handheld XRF 6m composites were collected using a scoop method of sampling the coarse
instruments, etc). These examples should not be taken as limiting the broad reject sample for the first 24m.
meaning of sampling.
1m sampling using a rifle splitter was trialled on the clays, from 24m, with
Include reference to measures taken to ensure sample representivity and the sampling deemed to create a high degree risk of smearing. The clays are not
appropriate calibration of any measurement tools or systems used. wet, but have a damp characteristic. A large metal scoop was used to sample
between 70-90% of material from each metre drilled, to total between 2-3kg
Aspects of the determination of mineralisation that are Material to the Public samples.
Report.
Standard reference material, sample duplicates and blanks, were undertaken at
In cases where 'industry standard' work has been done this would be relatively 25m sample intervals.
simple (eg '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 Samples were sent to the laboratory for crushing, splitting and analysis.
cases, more explanation may be required, such as where there is coarse gold
that has inherent sampling problems. Unusual commodities or mineralisation Analysis was undertaken by ALS laboratories (Kalgoorlie) for gold assay by 50g
types (eg submarine nodules) may warrant disclosure of detailed information. fire assay.
Drilling techniques Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, Australian Aircore Drilling completed the program using a blade to refusal. A
auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard hammer was used on 10m in hole NZAC053 due to a hard silica layer.
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 Drill recovery was routinely recorded via estimation of the comparative
assessed. percentage of the volume of the sample pile by the company geologist.
Measures taken to maximise sample recovery and ensure representative nature of The sample recovery was deemed excellent for representative assays, with
the samples. consistent sample recovery and no loss though the top of the cyclone.
Whether a relationship exists between sample recovery and grade and whether The cyclone was cleaned or checked every 3m.
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 All holes have been geologically logged for lithology, mineralisation and
to a level of detail to support appropriate Mineral Resource estimation, weathering. As well as whether dry, damp or wet.
mining studies and metallurgical studies.
A brief description of each drilling sample was recorded and a permanent
Whether logging is qualitative or quantitative in nature. Core (or costean, record has been collected and stored in chip trays for reference.
channel, etc) photography.
The total length and percentage of the relevant intersections logged.
Sub-sampling techniques and sample preparation If core, whether cut or sawn and whether quarter, half or all core taken. 1m sampling using a rifle splitter was trialled on the clays, from 24m, with
sampling deemed to create a high degree risk of smearing. The clays are not
If non-core, whether riffled, tube sampled, rotary split, etc and whether wet, but have a damp characteristic. A large metal scoop was used to sample
sampled wet or dry. between 70-90% of material from each metre drilled, to total between 2-3kg
samples.
For all sample types, the nature, quality and appropriateness of the sample
preparation technique. Standard reference material, sample duplicates and blanks, were undertaken at
25m sample intervals.
Quality control procedures adopted for all sub-sampling stages to maximise
representivity of samples. Samples were sent to the laboratory for crushing, splitting and analysis.
Measures taken to ensure that the sampling is representative of the in-situ The use of fire assay with 50g charge for all AC drilling provides a level of
material collected, including for instance results for field confidence in the assay database. The sampling and assaying are considered
duplicate/second-half sampling. representative of the in-situ material.
Whether sample sizes are appropriate to the grain size of the material being The sample size of 2-3 kilograms is appropriate and representative of the
sampled. grain size and mineralisation style of the deposit.
Quality of assay data and laboratory tests The nature, quality and appropriateness of the assaying and laboratory ALS (Kalgoorlie) were used for all analysis of drill samples submitted by
procedures used and whether the technique is considered partial or total. Riversgold. The laboratory techniques below are for all samples submitted to
ALS and are considered appropriate for the style of mineralisation defined
For geophysical tools, spectrometers, handheld XRF instruments, etc, the within the Reedy South Project area:
parameters used in determining the analysis including instrument make and
model, reading times, calibrations factors applied and their derivation, etc. Samples above 3Kg were riffle split.
Nature of quality control procedures adopted (eg standards, blanks, Pulverise to 95% passing 75 microns
duplicates, external laboratory checks) and whether acceptable levels of
accuracy (ie lack of bias) and precision have been established. 50-gram Fire Assay (Au-AA26) with ICP finish - Au
Duplicates, Standards and Blanks were used for external laboratory checks by
RGL.
Verification of sampling and assaying The verification of significant intersections by either independent or Intercepts were reviewed by 2 company personnel.
alternative company personnel.
The use of twinned holes.
Documentation of primary data, data entry procedures, data verification, data
storage (physical and electronic) protocols.
Discuss any adjustment to assay data.
Location of data points Accuracy and quality of surveys used to locate drill holes (collar and The collar position of each hole was recorded using handheld Garmin 64S GPS in
down-hole surveys), trenches, mine workings and other locations used in GDA Zone 51J. All holes will be picked up by a surveyor in the near future.
Mineral Resource estimation.
Specification of the grid system used.
Quality and adequacy of topographic control.
Data spacing and distribution Data spacing for reporting of Exploration Results. The holes were drilled on a nominal East-West 25m spacing on traverses 25m
apart, North- South.
Whether the data spacing and distribution is sufficient to establish the
degree of geological and grade continuity appropriate for the Mineral Resource On the schematic cross sections contained in the release the drill holes are
and Ore Reserve estimation procedure(s) and classifications applied. 38m apart.
Whether sample compositing has been applied.
Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible The vertical drill holes were designed to test for supergene mineralisation or
structures and the extent to which this is known, considering the deposit weathered primary ore zones and are believed to be unbiased based when
type. interpretation is applied at modelling results.
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.
Sample security The measures taken to ensure sample security. Company personnel delivered samples to ALS Kalgoorlie where they were
submitted for assay.
Audits or reviews The results of any audits or reviews of sampling techniques and data. Data reviews will be conducted on completion of further drilling
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 Northern Zone Project is comprised of one granted prospecting licence
material issues with third parties such as joint ventures, partnerships, (P25/2651) which covers an area of 82 hectares, and is held in the name of
overriding royalties, native title interests, historical sites, wilderness or Oracle Gold (WA) Pty Ltd.
national park and environmental settings.
ASX listed ASX:RGL is farming into the Tenement and have committed to spend
The security of the tenure held at the time of reporting along with any known $600,000 in exploration expenditure on the tenement within the next two years.
impediments to obtaining a licence to operate in the area. After Riversgold achieves 80% ownership, Oracle will be required to contribute
pro-rata or dilute.
Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. The majority of previous exploration in the area was by Northern Mining during
2007 to 2012 under the Blair North project, multiple small resource areas were
identified at the George's Reward area to the south of P25/2651. Numerous gold
intersections were recorded
Geology Deposit type, geological setting and style of mineralisation. The deposit is thought to be an Intrusion Related Gold System (IRGS) style of
mineral deposit.
Further drilling will better define the mineralisation style, and timing of
the gold mineralisation event.
Drill hole Information A summary of all information material to the understanding of the exploration Refer to Tables and Figures within the body of the release.
results including a tabulation of the following information for all Material
drill holes:
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 Intersections are weighted average grades based on a 0.001 g/t Au cut-off with
and/or minimum grade truncations (eg cutting of high grades) and cut-off unlimited waste zones but with a targeted grade of above 1.0 g/t Au.
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.
Relationship between mineralisation widths and intercept lengths These relationships are particularly important in the reporting of Exploration The diamond drilling program in 2023 confirmed the apparent widths of
Results. mineralisation as being perpendicular to foliation and veining. We believe the
step out RC drilling to be the same as the diamond drilling. The true width of
If the geometry of the mineralisation with respect to the drill hole angle is mineralisation is still to be fully ascertained.
known, its nature should be reported.
The Aircore drilling was vertical and not designed for true width.
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 body of the announcement for relevant diagrams and photos.
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, The reporting of exploration results is considered balanced by the competent
representative reporting of both low and high grades and/or widths should be person.
practiced to avoid misleading reporting of Exploration Results.
Other substantive exploration data Other exploration data, if meaningful and material, should be reported See body of the announcement.
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 (eg tests for lateral extensions · Follow up phases of drilling to further test strike to be
or depth extensions or large-scale step-out drilling). undertaken.
Diagrams clearly highlighting the areas of possible extensions, including the · Core from phase 1 to allow for further metallurgical studies.
main geological interpretations and future drilling areas, provided this
information is not commercially sensitive.
(( 1 ))Riversgold Limited (ASX:RGL) ASX announcement of 11 July 2024 "Northern
Zone Delivers Further High-Grade Gold Intercepts"
2 Riversgold Limited (ASX:RGL) ASX announcement of 12 December 2023 "100m
Wide Gold Intercepts at Northern Zone Project"
(( 3 )) Riversgold Limited (ASX:RGL) ASX announcement of 11 July 2024
"Northern Zone Delivers Further High-Grade Gold Intercepts"
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