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DREADNOUGHT RESOURCES LTD Regulatory Filings 2015

Jan 19, 2015

64785_rns_2015-01-19_d5cafe3f-db42-44f9-97e6-a1b6e64ba4b4.pdf

Regulatory Filings

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Australian Securities Exchange Announcement

20 January 2015

ASX Market Announcements Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

More Redback Prospect High Grade Gold Results

Highlights

  • 9m at 4.78g/t Au from 170m incl 4m at 9.05g/t Au

  • 20m at 4.05g/t Au from 195m incl 2m at 12.1g/t Au

  • 13m at 3.16g/t Au from 188m incl 2m at 6.52g/t Au

  • 9m at 4.97g/t Au from 42m incl 1m at 15.3g/t Au and 1m at 13.4g/t Au

  • Follow Up RC/Diamond Drilling planned for February 2015

Tychean Resources Ltd (ASX: TYK) ( Tychean or Company ) is pleased to announce receipt of high grade results from Reverse Circulation (RC) drilling completed during December 2014. The RC drilling was completed at the Redback Prospect, within the Company’s wholly owned Spargoville Gold Project in the Eastern Goldfields of Western Australia, (Figure 1).

The RC drilling, which totalled 23 holes for 3,526 metres (Figure 2) was designed to infill and extend high grade mineralisation to a 10/20m x 20m drill spacing.

Significant high grade results were returned from the Eastern, Central and Western Zones, as well as a potential new mineralised zone located within the Footwall felsic unit. More significant results include

Western Zone

  • 9 metres at 4.78g/t Au from 170 metres including 4 metres at 9.05g/t Au from 172 metres

  • 13 metres at 3.16g/t Au from 188 metres including 2 metres at 6.52g/t Au from 193 metres

  • 20 metres at 4.05g/t Au from 195 metres including 2 metres at 12.1g/t Au from 197 metres

  • 7 metres at 3.30 g/t Au from 129 metres including 2 metres at 7.22g/t Au from 132 metres

Central Zone

  • 7 metres at 3.74g/t Au from 65 metres including 2 metres at 9.76g/t Au from 69 metres

  • 9 metres at 4.97g/t Au from 42 metres including 1 metre at 15.3g/t Au from 42 metres

Eastern Zone

  • 5 metres at 8.96g/t Au from 186 metres including 1 metre at 15.7g/t Au from 186 metres

  • 3 metres at 7.42g/t Au from 151 metres including 1 metre at 10.3g/t Au from 153 metres

Footwall Zone

  • 1 metre at 10.2g/t Au from 179 metres to EOH

All significant (≥1.0g/t Au and ≥4 gram metre) results returned from the RC drilling are included as Table 1 and collar details included as Table 2.

The results from the completed extensional drilling at the Redback Prospect, has identified further potential for extensions of high grade mineralisation at depth and down plunge to the north associated with the Eastern and Western Zones which remain open.

A maximum result of 9 metres at 4.78g/t Au from 170 metres including 4 metre at 9.05g/t Au from 172 metres (SPRC088) has been returned in the north, associated with the Western Zone at depth. Significant (≥1.0g/t Au and ≥4 gram metre) Western Zone mineralisation has been defined in the north over 100 metres of strike and 100 metres of dip extent and is interpreted to plunge to the north at approximately -60 degrees. The significant Western Zone mineralisation remains open at depth and along strike and down plunge to the north and requires further drill testing by RC/Diamond drilling.

Completed RC drilling in the south following up previous Eastern Zone high grade mineralisation, intercepted a maximum result of 3 metres at 7.42g/t Au from 151 metres including 1 metre at 10.3g/t Au from 153 metres . Further infill and extensional RC/Diamond drilling is required to further test the Eastern Zone mineralisation in the south for localised Wattle Dam style, nuggety, very high grade mineralisation.

Also within the drilling in the south, an intercept of 1 metre at 10.2g/t Au from 179 metres to EOH (SPRC094) was intersected within the footwall felsic unit. This is the first significant mineralised intercept returned within the footwall felsic unit. This intercept will be further evaluated in conjunction with the planned drilling to evaluate the above Eastern Zone mineralisation.

Future Drilling

From the completed drilling to date at the Redback Prospect, the potential to define further significant gold mineralisation is located

  1. at depth and along strike/down plunge along the Western Zone in the north,

  2. at depth and/or with existing drilling along the Eastern Zone in the south and/or

  3. within the Footwall Felsic Unit in the south.

A ~2,600 metre, 15 RC/Diamond drill hole programme is planned to commence during February 2015 to infill and extend the high grade mineralisation within the Western, Eastern and Footwall mineralised zones.

Table 1: Significant (≥1.0g/t Au and ≥4 gram metre) Intercepts – RC Drilling November 2014

Hole ID From
(m)
To
(m)
Length
(m)
Au
(ppm)
Zone
SPRC088
incl
136 140 4* 1.08 Other
170 179 9 4.78 Western
172 176 4 9.05 Western
190 194 4 2.84 Central
SPRC089
incl
incl
188 198 13 3.16 Western
193 195 2 6.52 Western
206 210 4 4.17 Central
207 208 1 9.34 Central
SPRC090
incl
128 132 4* 2.15 Other
195 215 20 4.05 Western
197 199 2 12.1 Western
SPRC091
incl
162 166 4 2.89 Western
176 179 3 1.72 Eastern
196 200 6 4.15 Eastern
199 200 1 8.20 Eastern
SPRC092
incl
56 60 4* 2.5 Western
65 72 7 3.74 Central
69 71 2 9.76 Central
SPRC093
incl
incl
155 158 3 4.97 Central
156 157 1 9.33 Central
164 169 5 1.79 Eastern
167 168 1 5.33 Eastern
SPRC094
incl
129 136 7 3.3 Western
132 134 2 7.22 Western
146 149 3 1.88 Central
Hole ID From
(m)
To
(m)
Length
(m)
Au
(ppm)
Zone
incl 169 172 3 4.21 Eastern
169 170 1 8.03 Eastern
179 180 1 10.2 Footwall -
EOH
SPRC098 112 115 3 1.38 Eastern
SPRC099
incl
96 100 4* 3.48 Other
157 162 5 3.2 Central
166 169 3 2.6 Central
168 169 1 5.74 Central
197 201 4 2.02 Eastern
SPRC101
incl
incl
and
56 60 4* 1.32 Other
122 126 4 4.97 Western
123 125 2 6.36 Western
186 191 5 8.96 Eastern
186 187 1 15.7 Eastern
190 191 1 20.2 Eastern
SPRC102
incl
and
24 28 4* 9.18 Western
42 51 9 4.97 Central
42 43 1 15.3 Central
48 49 1 13.4 Central
SPRC104
incl
89 90 1 4.47 Western
111 120 9 2.11 Central
119 120 1 5.15 Central
SPRC105
incl
incl
145 153 8 2.37 Western
151 152 1 7.26 Western
169 172 3 1.68 Central
205 207 2 4.86 Eastern
205 206 1 6.27 Eastern
SPRC107 40 44 4* 2.33 Supergene
SPRC108
incl
incl
incl
105 108 3 2.88 Western
111 113 2 4.2 Western
123 126 3 3.16 Central
124 125 1 5.04 Central
138 145 7 2.52 Eastern
138 139 1 6.57 Eastern
151 154 3 7.42 Eastern
153 154 1 10.3 Eastern
SPRC109 76 80 4* 2.12 Western
84 92 8 2.39 Central
SPRC110 153 154 1 4.57 Eastern
  • Composite Interval Significant Result

Table 2: Drill Hole Collar Details – Redback RC Drilling December 2014

Hole ID Easting
(GDA)
Northing
(GDA)
RL (m) Azimuth Dip Total Depth
(m)
SPRC088 356471.98 6527288.03 336.62 90 -60 228
SPRC089 356460.15 6527309.34 336.48 90 -60 246
SPRC090 356449.42 6527330.35 336.39 90 -60 252
SPRC091 356469.09 6527329.93 336.31 90 -60 216
SPRC092 356581.18 6527168.15 336.83 90 -60 102
SPRC093 356539.26 6527167.51 336.98 90 -60 180
SPRC094 356530.43 6527199.18 336.75 90 -60 180
SPRC095 356550.54 6527328.43 335.50 90 -60 72
SPRC096 356547.37 6527349.54 335.51 90 -60 60
SPRC097 356529.93 6527349.72 335.63 90 -60 108
SPRC098 356509.58 6527349.07 335.90 90 -60 120
SPRC099 356491.22 6527309.95 336.33 90 -60 210
SPRC100 356521.14 6527288.45 336.15 90 -60 126
SPRC101 356501.29 6527288.45 336.48 90 -60 198
SPRC102 356561.12 6527266.76 335.75 90 -60 78
SPRC103 356541.74 6527264.68 336.11 90 -60 114
SPRC104 356517.33 6527264.52 336.40 90 -60 150
SPRC105 356496.31 6527267.56 336.67 90 -60 220
SPRC106 356559.88 6527248.77 335.95 90 -60 96
SPRC107 356539.81 6527248.04 336.15 90 -60 120
SPRC108 356535.30 6527212.22 336.52 90 -60 168
SPRC109 356563.27 6527182.91 336.57 90 -60 120
SPRC110 356544.04 6527184.51 336.71 90 -60 162

For further information please contact:

Mr. Joe Houldsworth Mr. Duncan Gordon Managing Director Executive Director Tychean Resources Ltd Adelaide Equity Partners Limited M: 0487 924 326 M: 0404 006 444

Further information relating to Tychean Resources Ltd and its various exploration projects can be found at its website: www.tycheanresources.com

The information contained in this release that relates to exploration results, mineralisation and

target generation is based on information compiled by Mr. Matthew Svensson, who is a Member of the Australasian Institute of Geologists (MAIG) and a full-time employee of the Company. Mr. Svensson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which 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”. Mr. Svensson consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.

This announcement contains previously announced exploration results. The Company is not aware of any new information or data that materially affects the information included in the current market announcement.

28/03/2014 - High grade gold in new results from Spargoville in WA 02/05/2014 - Spargoville (WA) – Aircore Gold Resample Results 22/09/2014 - High Grade Single Metre Gold Results from Spargoville WA 05/12/2014 – Redback Prospect High Grade Gold Results

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Figure 1 – Spargoville Gold Project – Prospect Location Plan

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Figure 2 – Spargoville Gold Project – Redback Summary Drilling Plan

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Figure 3 – Spargoville Gold Project – Redback Longitudinal Projection January 2015

Table 3: Drill Hole Collar Details – Redback/Trapdoor RC Drilling October 2014

Hole ID Easting
(GDA)
Northing
(GDA)
RL (m) Azimuth Dip Total
Depth
(m)
SPRC088 356471.976 6527288.031 336.624 90 -60 228
SPRC089 356460.148 6527309.337 336.481 90 -60 246
SPRC090 356449.417 6527330.352 336.39 90 -60 252
SPRC091 356469.085 6527329.928 336.307 90 -60 216
SPRC092 356581.181 6527168.146 336.831 90 -60 102
SPRC093 356539.263 6527167.511 336.979 90 -60 180
SPRC094 356530.425 6527199.181 336.748 90 -60 180
SPRC095 356550.542 6527328.431 335.499 90 -60 72
SPRC096 356547.372 6527349.542 335.514 90 -60 60
SPRC097 356529.926 6527349.717 335.626 90 -60 108
SPRC098 356509.58 6527349.071 335.897 90 -60 120
SPRC099 356491.221 6527309.952 336.331 90 -60 210
SPRC100 356521.14 6527288.45 336.151 90 -60 126
SPRC101 356501.291 6527288.45 336.482 90 -60 198
SPRC102 356561.118 6527266.758 335.751 90 -60 78
SPRC103 356541.74 6527264.68 336.11 90 -60 114
SPRC104 356517.334 6527264.521 336.402 90 -60 150
SPRC105 356496.308 6527267.559 336.67 90 -60 220
SPRC106 356559.88 6527248.773 335.952 90 -60 96
SPRC107 356539.81 6527248.039 336.153 90 -60 120
SPRC108 356535.298 6527212.217 336.523 90 -60 168
SPRC109 356563.273 6527182.905 336.571 90 -60 120
SPRC110 356544.038 6527184.51 336.714 90 -60 162

REDBACK RC DRILLING – December 2014

JORC TABLE 1

Section 1: Sampling Techniques & Data

Section 1: Sampling Techniques & 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.
Composite scoop samples over 4 consecutive metres and
single metre splits were collected from RC drill holes which
were drilled to evaluate mineralised trends identified from
previous drilling. The RC drilling was completed 15/20m line
spacing. All composite samples were restricted portions of
the drilling to the west of the prospective ultramafic sequence.
Single metre split samples were collected throughout the
prospective ultramafic sequence and associated contacts. A
total of 23 RC drill holes for 3,526 metres were completed at
the Redback Prospect.
Include reference to measures taken to ensure sample
representivity and the appropriate calibration of any
measurement tools or systems used.
A consistent scoop sampling method has been adopted for
composite drill sampling. All composite scoop sampling
protocols remained constant throughout the program. All
single metre split samples were collected via a rig mounted
cone splitter. All drill hole locations were determined by
DGPS.
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.
RC drilling was used to obtain one metre drill samples from
which approximately a 2-3 kg composite sample (scoop
sampled as per above) was pulverized (>90% smaller than 75
micron) to produce a pulp sample for analysis.
Analysis of the four metre composite samples comprised a
25g aqua regia digest, solvent extraction then Flame Atomic
Absorption Spectrometry for Au determination to a lower
detection limit of 0.01ppm Au. All single metre split samples
were analysed using a cyanide leach technique using a 200g
charge and determination via Mass Spectrometry
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 drilling was completed via RC Drilling. All holes were
completed in order to intersect the interpreted mineralised
horizons.
Drill sample
recovery
Method of recording and assessing core and chip sample
recoveries and results assessed.
No recording of recoveries was undertaken.
Measures taken to maximise sample recovery and ensure
representative nature of the samples.
Drill cyclone and sample hoses are cleaned when required
during each drill hole and after each hole to minimise down
hole and/or cross contamination.
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.
No relationship has been identified to date.
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.
The use of scoop sampled RC drilling results is not
appropriate for a mineral resource estimate and is considered
a qualitative sampling technique. Single metre split RC
drilling results are appropriate for inclusion within a mineral
resource. All logging has been completed to the level of
detail required to support mineral resource estimation.
Whether logging is qualitative or quantitative in nature. Core
(or costean, channel, etc.) photography.
Logging of drill chips recorded lithology, weathering, veining,
mineralisation, and other features of the drill samples. A chip
sample reference of each drilled metre was collected for each
hole.
The total length and percentage of the relevant intersections
logged.
All drill holes were logged in full from start to end of hole.
Sub-
sampling
techniques
and sample
preparation
If core, whether cut or sawn and whether quarter, half or all
core taken.
No core.
If non-core, whether riffled, tube sampled, rotary split, etc. and
whether sampled wet or dry.
The drilling comprised wet and dry samples which were scoop
sampled over 4 consecutive metres. Single metre split
samples were collected via a cone splitter within the
prospective ultramafic sequence and associated contacts.
For all sample types, the nature, quality and appropriateness
of the sample preparation technique.
The sample preparation of the chip samples follows industry
best practice in sample preparation involving oven drying,
crushing and pulverising of the total sample (total prep) so that
a minimum of 90% of pulverized material is less than 75µm
grind size.
Quality control procedures adopted for all sub-sampling
stages to maximise representivity of samples.
The
laboratories
conducted
repeat
analysis
on
a
representative amount of samples returning >0.5ppm Au and
conducted random, (1 in 25 equivalent), check analysis and
regular blank and mineralized standard analyses throughout.
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.
No duplicate sampling has been completed. All samples
were collected to weigh less than 3kg to ensure the entire
sample is pulverized prior to subsampling for digesting.
Whether sample sizes are appropriate to the grain size of the
material being sampled.
Given the qualitative nature of the composite sampling
technique, the sample sizes are considered appropriate to
give an indication of degree and extent of anomalism. The
size of the split sample collected is considered industry
standard and suitable for the grain size of the material
collected.
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 total.
The aqua regia digest is considered a near total digest for gold
and is considered appropriate considering the nature of
sample collected. Fire Assay/Mass Spectrometry is a total
digest for Au. The cyanide leach technique is a total digest
in respect to all available leachable gold. No refractory gold
will be captured by the cyanide leach technique.
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.
None used
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.
The laboratories conducted selected repeat analysis on
samples returning >0.5 ppm Au and conducted random, (1 in
25 equivalent), check analysis and regular blank and
mineralized standard analyses throughout. From these results
it has been determined that an acceptable level of accuracy
andprecision has been achieved.
Verification
of sampling
and
assaying
The verification of significant intersections by either
independent or alternative company personnel.
None undertaken.
The use of twinned holes.
None undertaken.
Documentation of primary data, data entry procedures, data
verification, data storage (physical and electronic) protocols.
Field and laboratory data have been collected electronically.
The electronic data has been validated visually and
automatically using Micromine software.
Discuss any adjustment to assay data.
None undertaken.
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.
The location of drill hole collars was determined by handheld
GPS prior to drilling which is expected to have an accuracy of
+/- 5m. All hole collars have been located via DGPS, post
drilling.
Specification of thegrid system used.
The coordinate system in use was GDA1994 MGA Zone 51.
Quality and adequacy of topographic control.
A nominal RL of 340m has been used for the drilling.
Data
spacing and
distribution
Data spacing for reporting of Exploration Results.
The majority of drilling ensured drill coverage of 20m to 30m
line spacing between current and/or previous drilling.
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.
At this stage no mineral resource or reserve estimates have
been undertaken which are JORC 2012 compliant. Composite
results are not able to be used in resource estimations
however the single metre split samples can be used. It is
envisaged that a drill spacing of 20m x 20m would be sufficient
for an indicated resource estimate.
Whether sample compositing has been applied.
Four metre composites were collected from the drill samples in
the field from the portion of the drilling to the west of the
prospective ultramafic sequence and associated contacts.
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,consideringthe deposit type.
The completed drilling was undertaken roughly perpendicular
to the strike direction of the geology and related
mineralisation.
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 orientation based sampling bias has been identified in the
data
Sample
security
The measures taken to ensure sample security.
All composite samples were stored securely onsite after
sampling and transported to Quantum Analytical Services, in
Perth on a weeklybasis for analysis.
Audits or
reviews
The results of any audits or reviews of sampling techniques
and data.
No audits or reviews have been undertaken.

JORC TABLE 2

Section 2: Reporting of Exploration Results

Criteria JORC Code explanation Commentary Commentary Commentary Commentary
Mineral
tenement and
land tenure
status
Type, reference name/number, location and ownership
including agreements or material issues with third parties
The drilling was completed over a single tenement of the
Spargoville project, M15/1101. A summary of Tychean’s
interests within the tenement is included below.
such as joint ventures, partnerships, overriding royalties,
native title interests, historical sites, wilderness or national
park and environmental settings.
Tenement Gold
Interest
Nickel
Interest
M15/1101 100% 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.
There are no existing impediments to the tenement.
Exploration
done by other
parties
Acknowledgment and appraisal of exploration by other
parties.
Previous exploration within the tenements comprises surface
geochemistry, drilling, airborne and ground geophysics which
was conducted by various previous explorers, including ACM
Gold, Spinifex Gold, WMC, Resolute and more recently
Ramelius Resources.
Geology Deposit type, geological setting and style of mineralisation. The geology of the tenements is dominated by Archaean
mafic/ultramafic and sedimentary lithologies and minor felsic
intrusives. Hydrothermal vein and shear related gold
mineralisation is being targeted by exploration within the
tenement.
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:
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.
RC drill hole locations are depicted on the included Figure 2
within the body of text and a full list of hole collar details are
included as Table 2.
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.
No information has been excluded
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.
When consecutive down hole samples returned >1.0ppm, the
average gold values for each relevant interval is used to
obtain an intercept average.
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.
Where aggregate results are biased by one or more, higher
grade single composite results, these composite results are
detailed.
The assumptions used for any reporting of metal equivalent
values should be clearly stated.
No metal equivalents reported.
Relationship
between
mineralisation
widths and
intercept
lengths
These relationships are particularly important in the reporting
of Exploration Results.
From the preliminary drilling completed to date, the
mineralisation is interpreted to be sub-vertical, which would
result in the down hole intercept being approximately twice
the true width of the mineralisation.
If the geometry of the mineralisation with respect to the drill
hole angle is known, its nature should be reported.
Interpretations to date, have resulted in the identification of
steeplydipping,south-southeast strikingmineralised zones.
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 reported intercepts are down hole lengths only as the
precise true width is not known. Further drill information is
required to increase confidence in the current interpretation,
prior to reportingtrue widths.
Diagrams Appropriate maps and sections (with scales) and tabulations
of intercepts should be included for any significant discovery
See Figures 1 -3
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, representative reporting of both low and high
grades and/or widths should be practiced to avoid misleading
reporting of Exploration Results.
Comprehensive reporting of exploration results has been
undertaken.
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.
No other exploration data is available.
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).
An RC/Diamond drill programme comprising 15 holes for
approximately 2,600 metres is currently in progress to further
extend and infill high grade .mineralisation at Redback.
Diagrams clearly highlighting the areas of possible
extensions, including the main geological interpretations and
future drilling areas, provided this information is not
commercially sensitive.
Proposed intersection area of the proposed drill program are
depicted on the included long section, Figure 3.