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DART MINING NL — Capital/Financing Update 2022
Aug 17, 2022
64792_rns_2022-08-17_9d575b26-e10e-412b-8d1d-804b9b367662.pdf
Capital/Financing Update
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ASX Release
18 August 2022
High Grade Au-Ag-Cu Assays from Granite Flat Rock Samples
Dart Mining NL (ASX:DTM) (“Dart Mining” or “the Company”) is pleased to announce that rock samples collected across the Granite Flat project demonstrate strong support for recent soil sampling and drilling results across the project. Rock chip and grab samples demonstrate that Cu-Au ± Ag, Zn, Pb mineralisation is coincident with the soil Cu anomalies identified in Dart Mining’s recent regional sampling program.
Highlights
-
Strong rock assay results support multiple soil geochemical anomalies identified across large footprint at Granite Flat
-
98 rock chip samples collected, with 73% of all samples demonstrating anomalous Cu, Au, Ag, Pb, or Zn values
-
Peak chip sample results include:
-
5m @ 6.0 g/t Au, 14.4 g/t Ag, 0.52% Cu
-
5m @ 1.0 g/t Au, 0.9 g/t Ag, 0.21% Cu
-
2.2m @ 2.0 g/t Au
-
1.3m @ 2.4 g/t Au, 6.0 g/t Ag & 0.12% Cu
-
Peak grab sample results include:
-
27.9 g/t Au, 30 g/t Ag, 2.83% Cu
-
22.3 g/t Au, 52.2 g/t Ag, 0.74% Cu
-
9.1 g/t Au, 23.4 g/t Ag, 6.65% Cu
-
2.9 g/t Au, 61.9 g/t Ag, 0.21% Cu, 0.2% Mo, 0.54% Pb, 0.46% Zn
-
16.1 g/t Au, 25 g/t Ag, 3.12% Cu
Chairman, James Chirnside commented:
“The results of regional rock chip sampling provide strong support to the sizable soil Copper and Gold anomalies identified in the recent soil sampling program, and provide further encouragement for our ongoing exploration efforts at the Granite Flat project”.
Visit our webpage: For more information, contact: Dart Mining NL www.dartmining.com.au James Chirnside, Managing Director ABN: 84 119 904 880 Find us on LinkedIn: Email: [email protected] 412 Collins Street Dart Mining NL Phone: +61 447 447 613 Melbourne VIC 3000
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ROCK CHIP ASSAY RESULTS
A total of 98 chip samples have been collected across the Granite Flat project to assess and characterise the mineralisation style of the project. This sampling program has yielded some rewarding results, with notable Cu, Au, and Ag ± Pb and Zn mineralisation occurring in association with soil Cu and Au anomalies (reported in DTM ASX 4 August 2022). Of the 98 samples collected, 72 samples have returned anomalous values for either Cu, Au, Ag, Pb, or Zn.
The lithology of samples varies broadly from aplitic dykes, laminated quartz, quartz breccia, granitic porphyry and altered granodiorite rock. The diversity of the mineralisation and alteration styles encountered in this surface rock sampling program also speaks to the geological complexity of this project. Fortunately, the geological mapping, geophysics, soil surveys, and drilling completed by Dart Mining over the past 18 months is working towards unravelling the story of this complex project. Due to the limited nature of outcrop available at Granite Flat, many these samples are spot (grab) samples of either float material or from mullock dumps adjacent to historic workings. The majority of these historic workings have targeted narrow, high-grade gold and copper mineralisation on discrete structures which are well resolved in LiDAR imagery, and in surface mapping (DTM ASX 15 February 2022). Additionally, mineralisation also appears to be associated with fine-grained aplitic dykes across the project area; and, in the case of the smaller As-Pb soil anomalies, rock samples are dominantly gossanous in nature.
The combination of large, coincident Cu-Au soil anomalies, in addition to satellite Pb-Zn-As soil anomalies, all of which have now demonstrated concordant mineralisation in surface rock chip and grab sampling assays has provided an abundance of targets for exploration drilling, which will see substantial revision to Dart Mining’s planned summer drill program.
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Figure 1 – Images of some of the rock chip sampling reported here, displaying the diversity of mineralisation and the associated assay grades.
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Figure 2 – Selected soil chip and grab sample results across the Granite Flat prospect and superimposed on the recent soil Cu results (DTM ASX 4 August 2022).
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Table 1 – Selected chip sample assay highlights from across the Granite Flat project. For a complete summary of all chip sample assay results, refer to Appendix 1.
| Sample No. |
Easting (MGA Z55) |
Northing (MGA Z55) |
Elevation (m) |
Sample Width (m) |
Au (g/t) |
Ag (g/t) |
Cu (%) |
Mo (ppm) |
Pb (%) |
Zn (%) |
|---|---|---|---|---|---|---|---|---|---|---|
| 70324 | 540846 | 5949588 | 575 | Grab | 1.8 | 49.0 | 0.14 | 698 |
0.13 | 0.12 |
| 70325 | 540853 | 5949599 | 573 | Grab | 0.5 | 20.0 | 0.08 | 451 |
0.10 | 0.07 |
| 70326 | 540837 | 5949583 | 570 | Grab | 0.1 | 2.3 | 0.59 | 8 |
0.04 | 0.04 |
| 70327 | 540846 | 5949593 | 568 | Grab | 2.9 | 61.9 | 0.21 | 1990 |
0.54 | 0.46 |
| 70328 | 540425 | 5949619 | 499 | Grab | 6.0 | 5.3 | 0.03 | 27 |
0.01 | 0.01 |
| 70329 | 540429 | 5949618 | 499 | Grab | 16.2 | 4.6 |
0.05 | 11 |
0.00 | 0.00 |
| 70330 | 540418 | 5949608 | 498 | Grab | 0.1 | 1.8 | 1.20 | 7 |
0.00 | 0.01 |
| 70331 | 540423 | 5949601 | 499 | Grab | 1.5 | 7.1 | 0.60 | 3 |
0.01 | 0.00 |
| 70350 | 541452 | 5949244 | 680 | 2.2 | 2.0 | 0.8 | 0.09 | 2 |
0.00 | 0.00 |
| 70351 | 541493 | 5949315 | 681 | Grab | 3.2 | 3.4 | 0.05 | 2 |
0.01 | 0.00 |
| 70352 | 541518 | 5949260 | 696 | Grab | 2.5 | 9.4 | 0.22 | 3 |
0.02 | 0.00 |
| 70353 | 541473 | 5949401 | 652 | Grab | 1.4 | 5.1 | 0.29 | 2 |
0.04 | 0.01 |
| 70356 | 538782 | 5950355 | 348 | 1.3 | 2.4 | 6.0 | 0.12 | 4 |
0.03 | 0.01 |
| 70357 | 538782 | 5950356 | 351 | Grab | 3.9 | 4.9 | 0.06 | 5 |
0.05 | 0.00 |
| 70358 | 538779 | 5950357 | 349 | Grab | 3.2 | 8.3 | 0.39 | 2 |
0.01 | 0.00 |
| 70359 | 538767 | 5950352 | 348 | Grab | 22.3 | 52.2 |
0.74 | 3 |
0.05 | 0.03 |
| 70362 | 538750 | 5950356 | 343 | 1.4 | 0.2 | 1.8 | 0.62 | 1 |
0.00 | 0.01 |
| 70363 | 538748 | 5950351 | 345 | 0.2 | 0.5 | 4.5 | 1.93 | 2 |
0.00 | 0.01 |
| 70371 | 540768 | 5949860 | 557 | Grab | 0.6 | 23.4 | 0.30 | 168 |
0.05 | 0.13 |
| 70373 | 540405 | 5950151 | 540 | Grab | 0.2 | 33.1 | 0.10 | 454 |
0.03 | 0.00 |
| 70374 | 540856 | 5949509 | 644 | Grab | 0.1 | 17.5 | 0.13 | 11 |
0.05 | 0.03 |
| 70380 | 539083 | 5950754 | 427 | Grab | 0.6 | 4.4 | 0.68 | 2 |
0.00 | 0.01 |
| 70381 | 539079 | 5950757 | 425 | Grab | 27.9 | 30.0 |
2.83 | 3 |
0.02 | 0.01 |
| 70385 | 540550 | 5950582 | 556 | 1 | 2.2 | 2.2 | 0.16 | 3 |
0.00 | 0.00 |
| 70388 | 541480 | 5949797 | 620 | Grab | 3.9 | 5.0 | 0.12 | 1 |
0.01 | 0.01 |
| 70389 | 541471 | 5949797 | 620 | Grab | 2.6 | 4.7 | 0.24 | 1 |
0.02 | 0.01 |
| 70406 | 540716 | 5950557 | 516 | Grab | 16.6 | 16.9 |
0.02 | 35 |
0.27 | 0.02 |
| 70407 | 540964 | 5950237 | 587 | 5 | 0.6 | 8.7 | 0.10 | 79 |
0.04 | 0.02 |
| 70414 | 540652 | 5950406 | 537 | Grab | 2.4 | 4.6 | 0.14 | 81 |
0.00 | 0.00 |
| 70415 | 540814 | 5950383 | 575 | 0.5 | 0.3 | 3.2 | 0.15 | 19 |
0.01 | 0.00 |
| 70466 | 541548 | 5949040 | 736 | Grab | 16.7 | 35.3 |
0.31 | 15 |
0.02 | 0.00 |
| 70467 | 541504 | 5949146 | 727 | Grab | 4.0 | 0.9 | 0.04 | 1 |
0.00 | 0.00 |
| 70468 | 541440 | 5949168 | 698 | Grab | 16.1 | 25.0 |
3.12 | 1 |
0.02 | 0.01 |
| 70481 | 542909 | 5950647 | 700 | 5 | 6.0 | 14.4 | 0.52 | 1 |
0.00 | 0.00 |
| 70485 | 542036 | 5951931 | 861 | 5 | 0.3 | 0.8 | 0.22 | 4 |
0.00 | 0.00 |
| 70486 | 542004 | 5951955 | 868 | 5 | 1.0 | 0.9 | 0.21 | 3 |
0.00 | 0.00 |
| 70488 | 541442 | 5949188 | 678 | 9.1 | 23.4 | 6.65 | 1 |
0.01 | 0.02 |
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PROJECT SUMMARY
The Granite Flat prospect is located nine kilometres southeast of Mitta Mitta township and is accessed via the Omeo Highway. Historically, the prospect was mined at several small production centres between 1856 and 1918, following an initial discovery identified by tracing the source of alluvial gold in the Mitta River upstream. Previous explorers have targeted the area with geophysical surveys, rock chip, soil and stream sediment sampling, and drilling and trenching. Historic soil grids have established several large, strong Cu-Au anomalies that have seen variable drilling efforts across the prospect. In total, 18 costeans, 52 reverse circulation (RC) and 19 diamond drillholes have been completed by previous explorers between 1986–1997 (Meltech Ltd., CRA Exploration [now Rio Tinto], and Perseverance Mining Ltd.). The broad intersections of low grade Cu-Au mineralisation returned in historic drilling and Dart’s recent 42 hole RAB drilling program are hosted within potassic, chlorite and epidote-altered granodiorite, further confirming the potential for porphyry-style mineralisation ( DTM ASX Release 8 March 2021 ).
Mineralised zones at Granite Flat are hosted within the Banimboola Quartz Monzodiorite (BQM). The BQM has been broadly identified as hosting a porphyry style of Cu-Au mineralisation associated with I- type granitoid and sulphide veins, with alteration varying from silicic to argillic to propylitic, with moderate to high background copper (Hesp, 1974; Bolger et al ., 1983; Ramsay & Vandenberg, 1986; Wilde, 1988). Monzonite intrusive bodies are often the host of porphyry systems in the Lachlan Fold Belt. Additionally, the Granite Flat prospect lies adjacent to the Gilmore Suture, a significant crustalscale structure that is associated with the emplacement of several porphyry Cu-Au systems across the border in New South Wales. Whilst still in the early stages of exploration, Dart Mining geologists believe that many of the geological characteristics and mineralised features of the Granite Flat prospect correspond with key elements of the porphyry exploration model.
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Figure 5 – Location of the Granite Flat Cu-Au porphyry project, Northeast Victoria.
For more information contact:
James Chirnside Peter Taylor Managing Director Investor Relations Dart Mining NL NWR Communications [email protected] [email protected] +61 447 447 613 +61 412 036 231
About Dart Mining
Dart Mining’s (ASX: DTM) objective is in exploring, evaluating, and developing, several historic goldfields, as well as validating a new porphyry province in Northeast Victoria. The area is prospective for precious, base, battery, and other strategic metals. These include Lithium, Gold, Silver, Copper, Molybdenum, Zinc, Tungsten, Tin, Tantalum, and other important minerals. Dart Mining has built a strategically important gold exploration footprint in the Central and Northeast regions of Victoria, where historic surface and alluvial gold mining proves the existence of a significant regional gold endowment.
––– END –––
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Additional JORC Information
Further details relating to the information on the Granite Flat Copper-Gold Project can be found in Dart Mining’s ASX announcements:
4[th] August 2022: “Encouraging Results from Granite Flat Survey”
26[th] May 2022: “Granite Flat Drilling Completion”
15[th] February 2022: “Granite Flat Cu-Au Diamond Drilling Update”
11[th] October 2021: “Granite Flat Diamond Drilling Update”
29[th] September 2021: “Multiple Drill Targets Identified at Granite Flat”
14[th] September 2021: “Encouraging Copper-Gold Drill Results from Granite Flat”
31[st] August 2021: “Granite Flat Geophysics Program Complete”
1[st] June 2021: “Commencement of Second Drilling Program at Granite Flat”
27[th] May 2021: “Initiation of Geophysical Surveys at Granite Flat”
11[th] May 2021: “Diamond Drilling Program for Copper-Gold Mineralisation Commences”
18[th] March 2021: “LiDAR Acquisition over Strategic Projects”
8[th] March 2021: “Granite Flat High-Grade Gold, Silver, Copper Drill Results”
7[th] December 2020: “Northeast Drilling Program Complete”
9[th] November 2020: “Commencement of Drilling Copper-Gold Mineralisation at Granite Flat”
27[th] October 2020: “Orogenic Gold and Porphyry Prospectivity, Mitta Mitta, NE Victoria”
Additional information on Dart Mining’s other recent and current exploration activities can be found in:
26[th] July 2022: “Dorchap Lithium Earn-in Agreement with SQM”
23[rd] June 2022: “Spodumene Dominant in Dorchap Lithium Project”
27[th] October 2021: “LiDAR Points Towards Increase in Lithium Pegmatites”
6[th] October 2021: “Lithium Drilling Update”
22[nd] September 2021: “Mt Elmo Goldfield Mineralisation”
20[th] July 2021: “Strategic and Technology Metals”
6[th] April 2021: “Strong Gold Mineralisation Intercepted at Rushworth”
16[th] February 2021: “Sandy Creek Significant Gold Mineralisation”
7[th] December 2020: “Northeast Drilling Program Complete”
16[th] November 2020: “Drilling Commencement, Historic Rushworth Goldfield”
5[th] November 2020: “Rushworth Historic High-Grade Goldfield”
30[th] October 2020: “Report for the quarter ended 30[th] September 2020”
19[th] October 2020: “Drill Results Reveal High-Grade Gold”
1[st] September 2020: “Drilling of Gold Mineralisation Commencing”
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Competent Person’s Statement
The information in this report has been prepared, compiled, and verified by Dr. Ben Hines PhD, MSc, a Competent Person who is a Member of the Australian Institute of Geoscientists. Dr. Hines is the Exploration Manager for Dart Mining. Dr. Hines has sufficient experience that is relevant to the style of mineralisation and type of deposits 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”. Dr. Hines consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Forward-Looking Statement
Certain statements contained in this document constitute forward-looking statements. Forward-looking statements include, but are not limited to, Dart Mining’s current expectations, estimates and projections about the industry in which Dart operates, and beliefs and assumptions regarding Dart’s future performance. Such forward-looking statements are based on a number of estimates and assumptions made by the Company and its consultants in light of experience, current conditions and expectations of future developments which the Company believes are appropriate in the current circumstances. When used in this document, words such as; “anticipate”, “could”, “intends”, “estimate”, “potential”, “plan”, “seeks”, “may”, “should”, and similar expressions are forward-looking statements. Although Dart believes that its expectations presented in these forward-looking statements are reasonable, such statements are subject to known and unknown risks, uncertainties and other factors, which may cause the actual results, achievements and performance of the Company to be materially different from the future results and achievements expressed or implied by such forward-looking statements. Investors are cautioned that forward-looking information is no guarantee of future performance and accordingly, investors are cautioned not to place undue reliance on these forward-looking statements.
References
Bolger, P. F., Thorne, H. R., Wood, P. D., Cook, C. E., & Rogerson, R. J. (1983). Palaeozoic geology of the Dartmouth Dam area, North-eastern Victoria. Proceedings of the Royal Society of Victoria , 95 , 259-271.
-
Cuffley, B. W. (1987). EL1546 Granite Flat, NE Victoria: Report for the period 27/03/1987 to 26/09/1987 on Gold Exploration . Alluvial Prospectors Ltd. EL1546_G24515_198709_Half. 29p.
-
Cuffley, B. W. (1988). EL1546 Granite Flat, NE Victoria: Report for the period 27/03/1988 to 26/09/1988 on Gold Exploration . Alluvial Prospectors Ltd. EL1546_G2447_198809_Half. 13p.
Hesp, W. R. (1974). Geochemical features of Sn–Ta–Nb mineralisation associated with granitic rocks in south-eastern Australia. Metallisation Associated with Acid Magmatism , 1 , 170-180.
-
Ramsay, W. R. H., & VandenBerg, A. H. M. (1986). Metallogeny and tectonic development of the Tasman Fold Belt System in Victoria. Ore Geology Reviews , 1 (2-4), 213-257.
-
Wilde, A. R. (1988). A review of Gold Mineralisation in Eastern Australia. Bureau of Mineral Resources Geology and Geophysics, Report 1989/30. 132 p.
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APPENDIX 1
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ALL ROCK SAMPLE RESULTS
| Sample ID |
Easting (MGA Z55) |
Northing (MGA Z55) |
Elevation (m) |
Lithology |
Sample Type |
Au (ppm) |
Ag (ppm) |
Cu (ppm) |
Mo (ppm) |
Pb (ppm) |
Zn (ppm) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 70324 | 540846 | 5949588 |
575 |
Silica-Sulphide | Grab | 1.82 | 49 | 1360 | 698 | 1260 | 1200 |
| 70325 | 540853 | 5949599 |
573 |
Silica-Sulphide | Grab | 0.54 | 20 | 800 | 451 | 957 | 669 |
| 70326 | 540837 | 5949583 |
570 |
Granodiorite | Grab | 0.07 | 2.28 | 5900 | 7.63 | 425 | 416 |
| 70327 | 540846 | 5949593 |
568 |
Silica-Sulphide | Grab | 2.88 | 61.9 | 2140 | 1990 | 5350 | 4550 |
| 70328 | 540425 | 5949619 |
499 |
Silica-Sulphide | Grab | 5.97 | 5.26 | 250 | 26.6 | 110 | 60 |
| 70329 | 540429 | 5949618 |
499 |
Silica-Sulphide | Grab | 16.15 | 4.57 | 500 | 11.3 | 29.8 | 14 |
| 70330 | 540418 | 5949608 |
498 |
Granodiorite | Grab | 0.08 | 1.83 | 12000 | 6.54 |
39.5 | 91 |
| 70330B | 540418 |
5949608 |
498 |
Granodiorite | Grab | 0.02 | 0.85 | 6450 | 0.59 | 9.4 | 91 |
| 70331 | 540423 | 5949601 |
499 |
Diorite | Grab | 1.46 | 7.09 | 5950 | 2.81 | 64.1 | 41 |
| 70332 | 540424 | 5949606 |
499 |
Granodiorite | Grab | 0.01 | 0.1 | 191 | 0.8 | 9.9 | 33 |
| 70333 | 540425 | 5949623 |
499 |
Diorite | Grab | 0.01 | 0.06 | 67.4 | 1.32 | 14.7 | 71 |
| 70349 | 541451 | 5949257 |
680 |
Diorite | Grab | 1.14 | 1.32 | 365 | 6.24 | 63.1 | 5 |
| 70350 | 541452 | 5949244 |
680 |
Diorite | 2.2m Chip | 2.01 | 0.79 | 949 | 2.35 | 37.6 | 43 |
| 70351 | 541493 | 5949315 |
681 |
Diorite | Grab | 3.16 | 3.43 | 520 | 1.94 | 75.5 | 9 |
| 70352 | 541518 | 5949260 |
696 |
Diorite | Grab | 2.53 | 9.37 | 2180 | 3.3 | 176.5 | 26 |
| 70353 | 541473 | 5949401 |
652 |
Diorite | Grab | 1.38 | 5.13 | 2900 | 2.13 | 363 | 57 |
| 70354 | 540375 | 5950157 |
459 |
Diorite | Grab | 0.41 | 0.24 | 416 | 1.91 | 23.7 | 35 |
| 70355 | 540534 | 5950592 |
491 |
Diorite | Grab | 0.12 | 0.41 | 683 | 9.22 | 22.1 | 8 |
| 70356 | 538782 | 5950355 |
348 |
Diorite | 1.3m Chip | 2.35 | 6 | 1160 | 4.31 | 294 | 51 |
| 70357 | 538782 | 5950356 |
351 |
Silica-Sulphide | Grab | 3.91 | 4.94 | 641 | 5.41 | 464 | 41 |
| 70358 | 538779 | 5950357 |
349 |
Diorite | Grab | 3.17 | 8.28 | 3900 | 2.21 | 68.6 | 41 |
| 70359 | 538767 | 5950352 |
348 |
Silica-Sulphide | Grab | 22.3 | 52.2 | 7440 | 2.72 | 489 | 250 |
| 70360 | 538761 | 5950350 |
347 |
Diorite | Grab | 0.09 | 0.99 | 881 | 1.24 | 69.9 | 109 |
| 70361 | 538756 | 5950353 |
347 |
Granodiorite | Grab | 0.02 | 0.23 | 168 | 1.72 | 16.9 | 81 |
| 70362 | 538750 | 5950356 |
343 |
Granodiorite | 1.4m Chip | 0.21 | 1.79 | 6150 | 1.38 | 21.5 | 104 |
| 70363 | 538748 | 5950351 |
345 |
Silica-Sulphide | 0.2m Chip | 0.48 | 4.53 | 19300 | 1.93 |
19.3 | 107 |
| 70364 | 538861 | 5950367 |
396 |
Granodiorite | 7m Chip | 0.01 | 0.07 | 108.5 | 0.79 |
11.9 | 78 |
| 70365 | 539031 | 5950292 |
413 |
Granodiorite | 8m Chip | 0.01 | 0.07 | 85.3 | 1.06 | 12.3 | 69 |
| 70366 | 540774 | 5949839 |
560 |
Granodiorite | Grab | 0.02 | 0.36 | 863 | 1.81 | 22.2 | 135 |
| 70367 | 540776 | 5949842 |
560 |
Granodiorite | Grab | 0.1 | 0.41 | 262 | 9.78 | 29 | 95 |
| 70368 | 540776 | 5949842 |
560 |
Breccia | Grab | 0.08 | 0.84 | 254 | 2.61 | 4.4 | 24 |
| 70369 | 540776 | 5949842 |
560 |
Granodiorite | Grab | 0.02 | 0.62 | 771 | 1.7 | 19.1 | 78 |
| 70370 | 540773 | 5949849 |
560 |
Granodiorite | Grab | 0.02 | 0.05 | 49.7 | 1.84 | 14.3 | 85 |
| 70371 | 540768 | 5949860 |
557 |
Silica-Sulphide | Grab | 0.57 | 23.4 | 3010 | 168 | 492 | 1300 |
| 70372 | 540769 | 5949853 |
558 |
Silica-Sulphide | Grab | 1.12 | 1.67 | 32.8 | 145 | 158 | 52 |
| 70373 | 540405 | 5950151 |
540 |
Breccia | Grab | 0.18 | 33.1 | 1030 | 454 | 313 | 41 |
| 70374 | 540856 | 5949509 |
644 |
Diorite | Grab | 0.05 | 17.5 | 1305 | 11 | 541 | 342 |
| 70375 | 540897 | 5949388 |
665 |
Diorite | Grab | 0.66 | 0.71 | 241 | 8.27 | 92.7 | 395 |
| 70376 | 540897 | 5949388 |
665 |
Diorite | Grab | 0.56 | 0.59 | 335 | 5.67 | 70.4 | 281 |
| 70377 | 540897 | 5949386 |
604 |
Granodiorite | 2m Chip | 0.45 | 0.78 | 214 | 18 | 133.5 | 286 |
| 70378 | 540896 | 5949387 |
665 |
Silica-Sulphide | 0.5m Chip | 0.86 | 0.68 | 92.1 | 22.7 | 114 | 97 |
| 70379 | 540896 | 5949386 |
665 |
Diorite | 0.3m Chip | 0.05 | 1.1 | 271 | 3.02 | 104 | 527 |
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| Sample ID |
Easting (MGA Z55) |
Northing (MGA Z55) |
Elevatio n (m) |
Lithology | Sample Type |
Au (ppm) |
Ag (ppm) |
Cu (ppm) |
Mo (ppm) |
Pb (ppm) |
Zn (ppm) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 70380 | 539083 | 5950754 |
427 |
Breccia | Grab | 0.63 | 4.42 | 6790 | 2.09 | 18.2 | 85 |
| 70381 | 539079 | 5950757 |
425 |
Silica-Sulphide | Grab | 27.9 | 30 | 28300 | 2.6 |
249 | 111 |
| 70382 | 539064 | 5950760 |
426 |
Breccia | Grab | 0.16 | 0.36 | 182 | 1.94 | 9.2 | 42 |
| 70383 | 539095 | 5950748 |
430 |
Granodiorite | Grab | 0.02 | 0.18 | 192.5 | 1.82 |
11.8 | 66 |
| 70384 | 540565 | 5950425 |
553 |
Granodiorite | Grab | 0.05 | 0.39 | 317 | 4.71 | 6.9 | 15 |
| 70385 | 540550 | 5950582 |
556 |
Diorite | 1m Chip | 2.18 | 2.22 | 1645 | 3.29 | 26.2 | 18 |
| 70386 | 540554 | 5950589 |
556 |
Graniticporphyry | 1m Chip | 0.02 | 0.11 | 265 | 0.25 | 6.5 | 22 |
| 70387 | 541307 | 5950042 |
679 |
Basalt | 0.5m Chip | 0.01 | 0.04 | 59.6 | 3.33 | 6 | 117 |
| 70388 | 541480 | 5949797 |
620 |
Granodiorite | Grab | 3.93 | 5.01 | 1245 | 1.19 | 73.1 | 68 |
| 70389 | 541471 | 5949797 |
620 |
Granodiorite | Grab | 2.56 | 4.7 | 2420 | 1.23 | 205 | 75 |
| 70404 | 540520 | 5950597 |
490 |
Aplite | 3m Chip | 0.33 | 1.38 | 549 | 27.7 | 81.4 | 22 |
| 70405 | 540516 | 5950605 |
492 |
Aplite | 4m Chip | 0.97 | 2.33 | 508 | 16.7 | 40.3 | 18 |
| 70406 | 540716 | 5950557 |
516 |
Diorite | Grab | 16.6 | 16.85 | 171.5 | 35.1 |
2730 | 169 |
| 70407 | 540964 | 5950237 |
587 |
Aplite | 5m Chip | 0.62 | 8.71 | 989 | 78.9 | 363 | 247 |
| 70408 | 541226 | 5950865 |
540 |
Aplite | 5m Chip | 0.01 | 0.08 | 21.4 | 2.68 | 12.8 | 15 |
| 70409 | 540711 | 5950744 |
489 |
Breccia | 9m Chip | 0.07 | 0.28 | 494 | 15 | 27.2 | 50 |
| 70410 | 540563 | 5950405 |
519 |
Granodiorite | Grab | 0.01 | 0.06 | 109 | 1.06 | 5.3 | 12 |
| 70411 | 540560 | 5950401 |
520 |
Silica-Fe | Grab | 0.03 | 0.14 | 109 | 10 | 5.1 | 8 |
| 70412 | 540566 | 5950402 |
521 |
Granodiorite | Grab | 0.01 | 0.28 | 157.5 | 2 |
7.3 | 13 |
| 70413 | 540566 | 5950401 |
522 |
Granodiorite | Grab | 0.03 | 0.09 | 291 | 1.63 | 5.9 | 10 |
| 70414 | 540652 | 5950406 |
537 |
Gossan | Grab | 2.35 | 4.6 | 1420 | 80.7 | 27.6 | 24 |
| 70415 | 540814 | 5950383 |
575 |
Aplite | 0.5m Chip | 0.3 | 3.18 | 1470 | 19.1 | 73.3 | 40 |
| 70444 | 538645 | 5949430 |
414 |
Quartz | 0.1m Chip | - | 0.03 | 58.3 | 0.78 | 6.8 | 32 |
| 70456 | 541900 | 5951351 |
727 |
Aplite | 3m Chip | 0.01 | 0.09 | 19.4 | 2.01 | 15.6 | 15 |
| 70457 | 541949 | 5951399 |
726 |
Diorite | 5m Chip | - | - | 13.2 | 1.21 | 28.5 | 17 |
| 70458 | 541909 | 5951159 |
664 |
Diorite | 5m Chip | 0.01 | 0.05 | 81.9 | 2.15 | 22.6 | 24 |
| 70459 | 541899 | 5951198 |
673 |
Aplite | 5m Chip | 0.02 | 0.02 | 90.2 | 18.8 | 18.2 | 27 |
| 70460 | 539824 | 5951407 |
401 |
Aplite | 0.5m Chip | 0.01 | 0.04 | 3.8 | 2.76 | 6.6 | 31 |
| 70461 | 541745 | 5948762 |
806 |
Diorite | 2m Chip | - | 0.02 | 17 | 0.58 | 13.3 | 51 |
| 70462 | 541547 | 5949021 |
741 |
Quartz | 0.4m Chip | 0.19 | 0.36 | 139 | 3.34 | 8.1 | 6 |
| 70463 | 541607 | 5948820 |
779 |
Gossan | 5m Chip | 0.01 | 0.04 | 400 | 2.26 | 9.5 | 22 |
| 70464 | 541700 | 5948638 |
817 |
Gossan | Grab | 0.16 | 2.63 | 3450 | 4.11 | 27.9 | 78 |
| 70465 | 541599 | 5948821 |
777 |
Gossan | 5m Chip | 0.02 | 0.05 | 350 | 1.74 | 8.1 | 17 |
| 70466 | 541548 | 5949040 |
736 |
Silica-Sulphide | Grab | 16.7 | 35.3 | 3100 | 14.55 | 158 | 42 |
| 70467 | 541504 | 5949146 |
727 |
Silica-Sulphide | Grab | 3.95 | 0.93 | 376 | 1.15 | 14.8 | 8 |
| 70468 | 541440 | 5949168 |
698 |
Silica-Sulphide | Grab | 16.05 | 25 | 31200 | 0.86 |
200 | 109 |
| 70469 | 538922 | 5951365 |
- |
Graniticporphyry | 8m Chip | 0.07 | 0.18 | 48 | 0.25 | 6 | 4 |
| 70470 | 538993 | 5951400 |
- |
Gossan | 4m Chip | 0.02 | 0.05 | 24.3 | 1.01 | 3.8 | 11 |
| 70471 | 538962 | 5951458 |
- |
Graniticporphyry | Grab | 0.06 | 0.24 | 158 | 1.72 | 1525 | 1590 |
| 70472 | 539571 | 5951232 |
- |
Aplite | Grab | 0.01 | 0.03 | 11 | 0.35 | 24.7 | 27 |
| 70473 | 540515 | 5950621 |
- |
Aplite | Grab | 0.04 | 0.05 | 31.9 | 0.95 | 10 | 5 |
| 70474 | 539144 | 5951125 |
- |
Quartz | 5m Chip | 0.01 | 0.03 | 14.6 | 1.78 | 3.5 | 4 |
| 70475 | 539769 | 5951203 |
- |
Aplite | Grab | 0.01 | 0.03 | 7.5 | 0.27 | 15 | 26 |
| 70476 | 540018 | 5950758 |
- |
Aplite | 10m Chip | 0.27 | 3.13 | 873 | 70.7 | 83.1 | 33 |
Page | 10
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| Sample ID |
Easting (MGA Z55) |
Northing (MGA Z55) |
Elevation (m) |
Lithology |
Sample Type |
Au (ppm) |
Ag (ppm) |
Cu (ppm) |
Mo (ppm) |
Pb (ppm) |
Zn (ppm) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 70477 | 538985 | 5951607 | - |
Gossan | 0.5m Chip | 0.01 | 0.11 | 9.5 | 2.87 | 2.2 | 5 |
| 70478 | 539483 | 5951266 | - |
Gossan | Grab | - | 0.01 | 8.8 | 0.92 | 9.6 | 11 |
| 70479 | 539746 | 5951500 | - |
Quartz | Grab | 0.01 | 0.03 | 12 | 1.34 | 18 | 12 |
| 70481 | 542909 | 5950647 | 700 |
Aplite | 5m Chip | 6.02 | 14.35 | 5160 | 1.41 | 47.9 | 29 |
| 70482 | 542793 | 5950826 | 655 |
Aplite | 5m Chip | 0.32 | 3.03 | 154 | 9.9 | 30.9 | 14 |
| 70483 | 542355 | 5950810 | 620 |
Gossan | Grab | 0.01 | 0.04 | 35 | 1.08 | 10.4 | 68 |
| 70485 | 542036 | 5951931 | 861 |
Aplite | 5m Chip | 0.33 | 0.8 | 2170 | 3.6 | 8.2 | 23 |
| 70486 | 542004 | 5951955 | 868 |
Aplite | 5m Chip | 1.02 | 0.94 | 2050 | 2.67 | 11.5 | 16 |
| 70487 | 541440 | 5949186 | 678 |
Silica-Sulphide | Grab | 0.07 | 0.43 | 1025 | 0.15 | 3.5 | 28 |
| 70488 | 541442 | 5949188 | 678 |
Silica-Sulphide | Grab | 9.09 | 23.4 | 66500 | 1.31 |
95 | 194 |
| 70487 | 540036 | 5951038 | 435 |
Aplite | Grab | 0.07 | 2.59 | 245 | 1.98 | 94.9 | 28 |
| 70488 | 541475 | 5950492 | 573 |
Granitic porphyry |
Grab | 0.02 | 0.03 | 38.7 | 1.82 | 11.2 | 15 |
Page | 11
APPENDIX 2
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TENEMENT STATUS
All tenement applications continue to pass through the approvals process with the tenements remaining in good standing as of the 30[th] of June 2022 (Table 1.1 – Figure 1.1).
Table 1.1. TENEMENT STATUS
| **Area (km2) ** | |||||
|---|---|---|---|---|---|
| Tenement Number | Name | Tenement Type | Unless | Interest | Location |
| specified | |||||
| MIN006619 | Mt View2 | Mining License | 224 Ha | 100% | NE Victoria |
| EL5315 | Mitta Mitta4 | Exploration Licence | 148 | 100% | NE Victoria |
| EL006016 | Rushworth4 | Exploration Licence | 32 | 100% | Central Victoria |
| EL006277 | Empress | Exploration Licence | 87 | 100% | NE Victoria |
| EL006300 | Eskdale3 | Exploration Licence | 96 | 100% | NE Victoria |
| EL006486 | Mt Creek | Exploration Licence | 116 | 100% | NE Victoria |
| EL006764 | Cravensville | Exploration Licence | 170 | 100% | NE Victoria |
| EL006861 | Buckland | Exploration Licence | 414 | 100% | NE Victoria |
| EL006994 | Wangara | Exploration Licence | 190 | 100% | Central Victoria |
| EL007007 | Union | Exploration Licence | 3 | 100% | Central Victoria |
| EL007008 | Buckland West | Exploration Licence | 344 | 100% | NE Victoria |
| EL006865 | Dart | EL (Application) | 567 | 100% | NE Victoria |
| EL006866 | Cudgewa | EL (Application) | 508 | 100% | NE Victoria |
| EL007099 | Sandy Creek | EL (Application) | 437 | 100% | NE Victoria |
| EL007170 | Berringama | EL (Application) | 27 | 100% | NE Victoria |
| EL007430 | Buchan | EL (Application) | 546 | 100% | Gippsland |
| EL007435 | Goonerah | EL (Application) | 587 | 100% | Gippsland |
| EL007425 | Deddick | EL (Application) | 341 | 100% | Gippsland |
| EL007428 | Boebuck | EL (Application) | 355 | 100% | NE Victoria |
| EL007426 | Walwa | EL (Application) | 499 | 100% | NE Victoria |
| EL007754 | Tallandoon | EL (Application) | 88 | 100% | NE Victoria |
| RL006615 | Fairley’s2 | Retention License | 340 Ha | 100% | NE Victoria |
| RL006616 | Unicorn1&2 | Retention License | 23,243 Ha | 100% | NE Victoria |
| EL6500 | Woomargama | EL (Application) | 85 | 100% | New South Wales |
All tenements remain in good standing as of 30[th] June 2022.
NOTE 1: Unicorn Project area subject to a 2% NSR Royalty Agreement with Osisko Gold Royalties Ltd dated 29 April 2013.
NOTE 2: Areas subject to a 1.5% Founders NSR Royalty Agreement.
NOTE 3: Areas are subject to a 1.0% NSR Royalty Agreement with Minvest Corporation Pty Ltd (See DTM ASX Release 1 June 2016).
NOTE 4: Areas are subject to a 0.75% Net Smelter Royalty on gold production, payable to Bruce William McLennan.
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Figure 1.1: Location of Dart Mining’s exploration properties in Northeastern Victoria.
Page | 13
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APPENDIX 3
JORC CODE, 2012 EDITION – TABLE 1
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 specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • 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. |
• Samples submitted to ALS were whole sample crushed to 70% <2mm, riffle/rotary split off 1 kg, pulverise to >85% passing 75 microns, then assayed by ALS methods AU-AA26 (50g sample aliquot by fire assay), ME-MS61 (0.25g sample aliquot by four-acid digest and ICP-MS and ICP-AES analysis), Cu-OG62 (0.4g sample aliquot by three acid digest, HCL leach and ICP-AES), and Ag-OG62 (0.4g sample aliquot by three acid digest, HCL leach and ICP-AES). • All-drill related data are referenced to the original ASX report by date published. All details appear in the original report. • pXRF samples were collected from the top of the B-horizon clay interface, then dried. Samples were analysed for various elements (in particular Cu, Pb, Zn, As and Mo) using an Olympus Vanta portable XRF unit, with results reported as a digital text file. • Chip samples are taken continuously perpendicular to the general strike of mineralised structures in outcrop, and large samples (4-7 kg) are taken where possible to increase sample representivity. The chip samples are of adequate quality to be indicative of the area sampled. • Grab samples were collected from the outcrop over a small area (typically 1-5m in diameter). Grab samples are typically small (i.e. <7 kg) and represent the local area only. Sampling only tests a small areal extent, and are not considered as being representative of the outcrop. The grab samples are of adequate quality to be representative of the small area sampled and approximate the sampled_in situ_ mineralisation / alteration. • Rock samples are dried, crushed, and whole sample pulverised and riffle split. A sample aliquot (25 – 50 g) is taken for analysis. Gold is analysed by ALS method Au- AA26 (a fire assay technique for total digestion), and multielement determinations are completed via ALS method ME-MS61(a four acid digest method). |
| Drilling techniques | • Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air 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.). _ |
• All-drill related data are referenced to the original ASX report by date published. All details appear in the original report. |
| Drill sample recovery | • Method of recording and assessing core and chip sample recoveries and results assessed. |
• There was no observable relationship between sample recovery and grade. • All drill related data are referenced to the original ASX report bydatepublished. All |
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| • 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. |
details appear in the original report. | |
|---|---|---|
| Logging | • Whether core and chip samples have been geologically and geotechnically logged 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, channel, etc.) photography. • The total length and percentage of the relevant intersections logged. |
• Sample sizes are considered appropriate to correctly represent the mineralisation style, and the thickness and consistency of intersections being sampled. • pXRF soil samples are located by GPS and notes taken where cultural contamination is suspected or sample site is adjacent to historic workings. • Chip/grab samples were logged for qualitative mineral percentages, mineral species and habit, and each sample location is recorded. • All drill related data are referenced to the original ASX report by date published. All details appear in the original report. |
| Sub-sampling techniques and sample preparation |
• If core, whether cut or sawn and whether quarter, half or all core taken. • If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. |
• The samples were sent to ALS Global Laboratories, Pooraka SA. • Soil samples are collected from the top of the B-Horizon with a pick and scoop, then dried prior to analysis. pXRF analysis is undertaken on the small sample cup of the soil sample and the results reported in a digital csv file output per sample. Standards and duplicates are inserted at regular intervals and reviewed. Laboratory follow-up analysis uses the same pXRF sample, pulverised prior to sub-sampling at the laboratory via riffle splitting for a multi-element 4 acid digest method ME-MS61 and low detection limit gold analysis by method Au-AA22. • The sample size is considered representative to estimate the local metal content of the soil developed above the disseminated style of gold mineralisation targeted. • Sampling was conducted at a reconnaissance level with regular duplicate and CRM samples inserted for analysis by pXRF. All results are in line with expectations. • Individual <7kg chip / grab samples were collected from outcrop, individual chips making up the sample were <40mm and chipped from a random selection of the mineralisation to generate a representative average sample of the mineralisation targeted. • The whole sample was crushed and pulverised prior to sub-sampling at the laboratory via riffle splitting. • Chip sampling generally collects <7kg of finely chipped rock sample across outcrop or underground openings with the entire sample sent for whole sample crush and grind. The sample size and sub-sampling method is thought suitable for a sulphide / fine gold environment. • All drill related data are referenced to the original ASX report by date published. All details appear in the original report. |
| Quality of assay data and laboratory tests |
• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or |
• Samples were submitted to ALS Global (Pooraka) and analysed for gold using ALS methods AU-AA26 (fire assay is considered a total extraction technique for gold) |
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| total. • For geophysical tools, spectrometers, handheld XRF instruments, etc., the 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. |
and ME-MS61 (four acid digest is considered a total extraction technique for copper exploration), Cu-OG62 (ore grade copper by three acid digest and HCl leach) and Ag-OG62 (ore grade silver by three acid digest and HCl leach). These techniques are appropriate and considered a total extraction technique for Au & Cu. • Samples were whole sample crushed, pulverised and assayed by ALS method AU- AA26, ME-MS61, Cu-OG62 and Ag-OG62. • ALS conducted their own internal laboratory checks. • Laboratory blanks, standards are reviewed per batch to monitor accuracy and precision. • Soil samples were submitted to ALS Chemex and analysed for a suit of trace elements using ALS Methods ME-MS61 (A four-acid digest is performed on 0.25g of sample to quantitatively dissolve most geological materials). These techniques are appropriate and considered a total extraction technique for key metal As. Au is analysed by fire assay technique Au-AA22. • QAQC procedures were adopted during the in-house pXRF analysis with regular sample duplicates and CRM inserted, assay data is within expectation. Laboratory analysis only uses internal laboratory CRM results. • Chip and Grab samples were submitted to ALS Chemex and analysed for Au using ALS method Au-AA26 – a fire assay technique for total digestion. • Due to the reconnaissance nature of the sampling, no QAQC procedures were adopted other than internal laboratoryCRM. |
|
|---|---|---|
| Verification of sampling and assaying |
• The verification of significant intersections by either independent or 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. |
• The laboratory supplies all assay data as an export to a CSV file. The raw data is edited to separate all duplicates and CRM results into a QA/QC tab in the CSV file and reviewed. • Verification of significant intersections were made by alternative company personnel. • No independent review of assay data has been carried out. • Data were logged into spreadsheet and checked. • Electronic-only assay data is imported into a spreadsheet from the laboratory’s electronic data. • No holes were twinned at this early exploration stage. • Below detection limit data is identified in Appendix 1 using a < character followed by the detection limit. • All drill related data are referenced to the original ASX report by date published. All details appear in the original report. • pXRF analysis requires the manual entry into the XRF unit of the Sample number of the soil sample. The sample number and associated analysis is stored as a digital file within the pXRF unit for later export to a CSV file. The raw data is edited to separate all duplicates and CRM results into aQAQC tab in the CSV file and |
Page | 16
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| reviewed. <LOD results are also deleted from the dataset to allow numerical fields to be plotted. |
||
|---|---|---|
| Location of data points | • Accuracy and quality of surveys used to locate drill holes (collar and down- hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control. |
• The location of drill hole collars and geological mapping confirmed using a Garmin GPSMAP 66i GPS, set to MGA94 Grid Datum (Zone 55) with topographic control taken from the GPS. Accuracy is variable but maintained <3m during the mapping process with constant visual quality assessment conducted. • Hand-held GPS was used to survey a control point and drill hole collar positions are then measured by tape and compass relative to the GPS control. The accuracy between holes is <0.5m but absolute accuracy is relative to the original GPS control point at <5m. • All maps, plans and data are on an MGA datum and GDA94 zone 55 projection. • Elevation is established from the GPS control point. • The location of the chip / grab / soil samples and geological mapping used a Garmin GPSMAP 62S GPS using the MGA94 Grid Datum (Zone 55) with topographic control taken from the GPS. Accuracy is variable but maintained <5m during the mapping process with constant visual quality assessment conducted. • Mine workings are located using GPS control and then tape and compass survey for underground development. • All drill related data are referenced to the original ASX report by date published. All details appear in the original report. |
| Data spacing and distribution |
• Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. • Whether sample compositing has been applied. |
• Drill sites were restricted to existing tracks. It was not intended to establish a drill spacing for resource estimation although these holes may be used at a later date. • All drill related data are referenced to the original ASX report by date published. All details appear in the original report. • Soil sample spacing may be variable and is designed to capture variability in the key pathfinder element analysed with respect to the geological model of the mineralisation under review. The regional soil program reported uses a nominal 50m sample spacing as this was considered the maximum spacing that would capture regional mineralisation trends. • Soil pXRF results are used for geochemical studies only and are not composited. • Where exposure allows, multiple chip samples are collected across mineralised structures to assess the continuityof Cu-Augrade. |
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| • Rock chip sampling is limited by outcrop exposure. • Reconnaissance-scale chip / grab samples are not presented or considered to be representative of the average grade. Grab samples only represent the grade at a single point within the rock exposure. Sample spacing is designed to allow an initial assessment of gold mineralisation and is not suitable for future resource estimation activities. |
||
|---|---|---|
| Orientation of data in relation to geological structure |
• Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • 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. |
• Drilling was restricted to existing tracks and pads. However, in all cases it was possible to drill at a high angle to the host structures (refer figures 1 to 4), and achieve a suitable orientation that cross cuts the mineralisation. True width intersections are provided in drill sections, there appears to be no relationship between drill orientation and mineralisation grades. • Due to the steep grade of tracks and topography, hole orientation was limited or dictated by landscape physiology in some instances. • Regional 50m soil grid aligned north-south across a ~4x4 km area. • No significant sample bias is considered to be introduced because of the orientation of the soil lines without being noted in the body of the report. • Grab samples do not capture any aspect of the potential variation in grade in relation to the orientation of the mineralisation and represents only a single point inside the mineralisation. Chip samples are collected perpendicular to strike where possible to avoid any sample bias and only where outcrop or subcrop exists. The orientation of rock chipsamples is recorded and indicated in diagrams. |
| Sample security | • The measures taken to ensure sample security. |
• All samples submitted for analysis are placed in sealed poly-weave bags and delivered to a commercial transport company for delivery to the laboratory. Any evidence of sample damage or tampering is immediately reported by the laboratory to the company and a decision made as to the integrity of the sample and the remainingsamples within the damaged/tampered bag/s. |
| Audits or reviews | • The results of any audits or reviews of sampling techniques and data. |
• An internal review of procedures, operations, sampling techniques and analytical techniques was made by Dart Mining. • All drilling and assay data is validated upon entry into the EarthSQL Quest database. • The mapping and sampling methodology and results were documented and reviewed by an independent expert who acts as the competent person for this report. |
Page | 18
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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 material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • 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 tenements remain in good standing as of 30thJune 2022. • Details of Dart Miningtenements shown in Appendix 2 and Figure 1.1 Tenement Area (km2) Number Unless specified MIN006619 Mt View2 Mining License 224 Ha 100% NE Victoria EL5315 Mitta Mitta4 Exploration Licence 148 100% NE Victoria EL006016 Rushworth4 Exploration Licence 32 100% Central Victoria EL006277 Empress Exploration Licence 87 100% NE Victoria EL006300 Eskdale3 Exploration Licence 96 100% NE Victoria EL006486 Mt Creek Exploration Licence 116 100% NE Victoria EL006861 Buckland Exploration Licence 414 100% NE Victoria EL007008 Buckland West Exploration Licence 344 100% NE Victoria EL006994 Wangara Exploration Licence 190 100% Central Victoria EL007007 Union4 Exploration Licence 3 100% Central Victoria EL006764 Cravensville Exploration Licence 170 100% NE Victoria EL006865 Dart EL (Application) 567 100% NE Victoria EL006866 Cudgewa EL (Application) 508 100% NE Victoria EL007099 Sandy Creek EL (Application) 437 100% NE Victoria EL007170 Berringama EL (Application) 27 100% NE Victoria EL007430 Buchan EL (Application) 546 100% Gippsland EL007435 Goonerah EL (Application) 587 100% Gippsland EL007425 Deddick EL (Application) 341 100% Gippsland EL007428 Boebuck EL (Application) 355 100% NE Victoria EL007426 Walwa EL (Application) 499 100% NE Victoria EL007754 Tallandoon EL (Application) 88 100% NE Victoria RL006615 Fairley’s2 Retention License 340 Ha 100% NE Victoria RL006616 Unicorn1&2 Retention License 23,243 Ha 100% NE Victoria EL6500 Woomargama EL (Application) 85 100% New South Wales NOTE 4:Areas are subject to a 0.75% Net Smelter Royalty on gold production, payable to Bruce William McLennan. Name Tenement Type Interest Location All tenements remain in good standing as of 30th June 2022. NOTE 1:Unicorn Project area subject to a 2% NSR Royalty Agreement with Osisko Gold Royalties Ltd dated 29 April 2013. NOTE 2:Areas subject to a 1.5% Founders NSR RoyaltyAgreement. NOTE 3:Areas are subject to a 1.0% NSR Royalty Agreement with Minvest Corporation Pty Ltd (See DTM ASX Release 1 June 2016). |
| Exploration done by other parties |
• Acknowledgment and appraisal of exploration by other parties. |
• Between 1986 and 1988 the Granite Flat area was worked by Meltech Ltd on behalf of Alluvial Prospectors Ltd, with soil sampling identifying strong soil anomalies and six diamond drill holes completed. From 1990 to 1995, CRA Exploration (now Rio Tinto) completed extensive exploration in the search for a bulk minable resource. This included expansion of the soilgrid,samplingof 18 |
Page | 19
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| costeans, 32 reverse circulation (RC) and the 13 Diamond drillholes, along with aeromagnetic, ground magnetic and induced polarity surveys of the site. In late 1994 Perseverance Mining Ltd entered into a joint-venture agreement with CRA Exploration, working the Granite Flat prospect from 1996 to 1999, completing an additional 20 RC drill holes. From 2006 to 2008, Synergy Metals Ltd conducted minor stream sediment and soil sampling of the site before transferring the license to Glen Wills Gold Mines NL in 2009. Glen Wills Gold Mines held the license until 2016,completingsome minor soil and stream sediment samplingstudies. |
||
|---|---|---|
| Geology | • Deposit type, geological setting and style of mineralisation. |
• EL006277 is located in the Omeo structural zone of the Lachlan Fold Belt in eastern Victoria. The EL is underlain by metamorphosed Lower Ordovician Pinnak Sandstone and its higher-grade metamorphic equivalents in the Omeo Metamorphic Complex to the south. The Banimboola Quartz Monzodiorite (BQM) intruded during the early Devonian and is a highly magnetic I-type composite pluton that has been placed in the Boggy Plain Supersuite (Wyborn, et al., 1987). Aeromagnetic data from the Geo Vic database indicates that the BQM is a compositepluton with a variable magnetic signature. |
| Drill hole Information |
• A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: o easting and northing of the drill hole collaro elevation or RL (Reduced Level – elevation above sea level in metres) ofthe drill hole collar o dip and azimuth of the holeo down hole length and interception deptho 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. |
• Additional historic drillhole collar information is presented in previous Dart Mining ASX Announcements and Releases. An archive of historic Dart Mining ASX releases is held at: https://www2.asx.com.au/markets/trade-our-cash- market/announcements.dtm • All drill-related data are referenced to the original ASX report by date published. All details appear in the original report. |
| Data aggregation methods |
• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. 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. |
• All drill-related data are referenced to the original ASX report by date published. All details appear in the original report. |
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| 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 (e.g. ‘down hole length, true width not _known’). _ |
• The relationship between the drill hole and the geometry of the mineralised structures is not presented at this preliminary stage. • All drill-related data are referenced to the original ASX report by date published. All details appear in the original report. |
|---|---|---|
| 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. |
• All drill-related data are referenced to the original ASX report by date published. All details appear in the original report. |
| 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. |
• All drill-related data are referenced to the original ASX report by date published. All details appear in the original report. • Soil Copper values are reported in full as graduated symbols for all soil lines, the legend provides a guide to soil values. This method of reporting is considered to be comprehensive and un-biased for early geochemical work. • Rock chip gold assay values are reported in full as graduated symbols for all soil lines, the legend provides a guide to rock values. This method of reporting is considered to be comprehensive and un-biased for early geochemical work. |
| 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. |
• Any other relevant information is discussed in the main body of the report. |
| 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. |
• Planned work is discussed in the body of the report and is dependent on future company direction. |
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