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EMMERSON RESOURCES LIMITED — Interim / Quarterly Report 2016
Jul 28, 2016
64876_rns_2016-07-28_223fe52f-8c4e-4118-a0fd-9e77c100014d.pdf
Interim / Quarterly Report
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Quarterly Report for the Period Ending 30 June 2016
29 July 2016
Emmerson Resources Limited ABN 53 117 086 745
Highlights
- Outstanding shallow high grade gold intersected at Edna Beryl West:
3 Kimberley Street West Leederville WA 6007 PO BOX 1573, West Perth WA 6872
Tel: (08) 9381 7838 Fax: (08) 9381 5375 [email protected]
ASX Code: ERM 378.3 million ordinary shares
Market Cap ~A$30.3 million (@ $0.08)
Available Cash A$5.2 million (30-06-16)
o 5m @ 27g/t gold, including
- 2m @ 51g/t gold from 103m
o 13m @ 8.7g/t gold, including
o 7m @ 15g/t gold from 133m
-
New interpretation suggests that Edna Beryl West may extend to the extremely high grade Edna Beryl East mine at depth, representing a much larger, high grade gold deposit.
-
This new interpretation also highlights potential for repeated deeper hematite associated ironstone gold mineralisation within the Edna Beryl district, as evidenced from historic drilling such as:
o GRED27 with 6.6m at 4g/t Au, incl. 1m @ 19g/t & 1m @ 5.4g/t Au
Board of Directors Andrew McIlwain Non-executive Chairman
Rob Bills Managing Director & CEO
Allan Trench Non-executive Director
-
The Edna Beryl East mine is the subject of the “small mines tribute agreement” where development is currently underway and recent underground drilling (ASX: 16 March 2016) produced bonanza grades of:
-
1.8m @ 140g/t gold (drill hole A)
-
1.8m @ 309g/t gold (drill hole B)
o 1.8m @ 93.4g/t gold (drill hole C)
Website: www.emmersonresources.com.au
-
First production from Tribute Mining at Edna Beryl East is anticipated later this year following the permitting and approvals process which is almost completed.
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Planning and permitting is underway to bring forward development of additional small mines, plus potential development of the high grade Chariot Gold Mine.
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Small mines strategy to deliver a risk-free, near term income stream.
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The recent 3,885m drill campaign in the Edna Beryl district was completed on 25[th] June and awaiting remaining assays that are due imminently.
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Drilling and exploration fully funded under $15m earn-in agreement with Evolution Mining.
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Field assessment of NSW exploration licence applications to commence.
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Cash of $5.2 million at quarter end.
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Tennant Creek gold-copper project
1. Edna Beryl West
Emmerson Resources Limited (“Emmerson”, ASX: ERM) and partner, Evolution Mining Limited (“Evolution”, ASX: EVN) are pleased to announce highly encouraging assay results from the recent drill program at Edna Beryl West, within Emmerson’s 100% owned project at Tennant Creek in the Northern Territory (figure1).
The significance of these results is not only reflected in extensions to previous shallow high-grade gold mineralisation, but more importantly provide the basis of a much expanded resource within the Edna Beryl district. This new interpretation suggests multiple, sub parallel “panels or ore shoots” that are structurally controlled both up and down plunge and also along strike. The four “ore shoots” identified to date connect the high grade gold mineralisation at Edna Beryl East and West (figure 2). Of significance is the paucity of drilling at depth, which by historic standards is still shallow and within 200m of the surface.
2. Completion of Further Drilling in the Edna Beryl District
A 3,885m reverse circulation (RC) drill campaign (phase 2) was completed on 25[th] June (table 2).
First results were released to the ASX on 05 July 2016 outlining further high grade gold intersections as follows:
o 6m @ 13.2 g/t gold, including
o 3m @11.2 g/t gold from 126m (EBWRC015)
- 9m @ 5.33 g/t gold including
o 3m @ 10.4 g/t gold from 135m (EBWRC018)
All remaining assays from this drill campaign are pending including those from panel 3 where there is great potential to extend the mineralisation in all directions.
3. Small Mines & Chariot Mine Strategy
Edna Beryl East is the first of the small, very high grade gold mines presently undergoing permitting and development. Progress continues on site related infrastructure and approval of the Mine Management Plan. It is envisaged that this will be finalised during the next quarter and allow mining to commence.
In addition, planning and permitting is also underway for the remaining pipeline of the small mines, including the Chariot gold mine. Negotiations have commenced with the Edna Beryl Mining Company (EBMC) on the commercial terms of a similar ‘Tribute Style’ agreement for these additional small mines.
This has the potential to add further shareholder value through providing:
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A risk-free, near term income stream from its non-core assets via a royalty agreement (until EVN completes its earn-in, ERM receives 100% of its share flowing from this agreement)
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Future access to refurbished underground workings for near mine exploration
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The opportunity to monetise a pipeline of other non-core assets within Emmerson’s extensive tenement holdings.
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4. September Quarter Activities
The following activities are planned for the September quarter:
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Receipt and interpretation of assay results from the phase 2 RC drilling within the Edna Beryl District is aimed at confirming the geological interpretation and define further target extensions for drill testing.
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RC drilling of oxide gold mineralisation at the Susan target (figure 3) plus a deeper diamond hole to test for primary gold mineralisation below existing drilling.
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RC drill testing of the M5 and Black Eye targets within recently granted EL31249. These are high calibre gold - copper targets based on geological and geophysical attributes that have high correlation with known deposits.
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Commencement of Tribute mining at Edna Beryl.
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Continuation of the permitting and approval process for additional small mines plus the high-grade Chariot gold mine.
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Field assessment of EL Applications in NSW generated by the Strategic Alliance with Kenex.
Emmerson Managing Director, Mr Rob Bills commented , “2016 is shaping up to be an exciting year for Emmerson as we work across the three strategic horizons of: a) application of new technology/ideas to discover/extend high grade gold-copper mineralisation within our Tennant Creek Project; b) accelerate our small mines initiative which aims to monetise existing resources and provide underground drill platforms for near mine exploration; c) in conjunction with our strategic alliance partner Kenex Limited (ASX March 2015), we are applying innovative targeting methodologies to identify new gold-copper projects in Australia – this initiative is focussed on increasing the success of discovery through using “big data” to pinpoint high quality epithermal gold-silver, porphyry copper-gold and iron oxide copper-gold projects. To date we have been successful in applying for four new projects in NSW but more on this later.”
Announcements
The Company has made the following announcements since the start of the quarter.
18/07/2016 Change of Share Registry 14/07/2016 Ceasing to be a substantial holder 14/07/2016 Change in substantial holding 07/07/2016 Change in substantial holding 05/07/2016 High Grade Gold intersected at Edna Beryl 04/07/2016 Trading Halt 29/06/2016 Change in substantial holding 08/06/2016 Change in substantial holding 19/05/2016 High Grade Gold Intersected at Edna Beryl 29/04/2016 Change in substantial holding 27/04/2016 Quarterly Activities and Cashflow Reports 19/04/2016 Investor Presentation Update 12/04/2016 Drilling to Target High Grade Gold Commences
Emmerson Resources Limited
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Mr. Rob Bills Managing Director and Chief Executive Officer
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About Tennant Creek and Emmerson Resources
The Tennant Creek Mineral Field (TCMF) is one of Australia’s highest grade gold and copper fields producing over 5.5Mozs of gold and 470,000 tonnes of copper from a variety of deposits including Gecko, Orlando, Warrego, White Devil, Chariot and Golden Forty, all of which are within Emmerson Resources (ASX:ERM) exploration and joint venture portfolio. These deposits are considered to be highly valuable exploration targets and, utilising modern exploration techniques, Emmerson has been successful in discovering copper and gold mineralisation at Goanna and Monitor in late 2011, the first discoveries in the TCMF for over a decade. To date, Emmerson has only covered 5.5% of the total tenement package (in area) with these innovative exploration techniques and is confident that, with further exploration, more such discoveries will be made.
Emmerson holds 2,800km[2] of ground in the TCMF, owns the only gold mill in the region and holds a substantial geological database plus extensive infrastructure and equipment. Emmerson has consolidated 95% of the highly prospective TCMF where only 8% of the historical drilling has penetrated below 150m.
Emmerson is led by a board and management group of experienced Australian mining executives including former MIM and WMC mining executive Andrew McIlwain as non-executive chairman, and former senior BHP Billiton and WMC executive Rob Bills as Managing Director and CEO.
Pursuant to Farm-in agreement entered into with Evolution Mining Limited (Evolution) on 11 June 2014, Evolution is currently sole funding exploration expenditure of $15 million over three years to earn a 65% interest (Stage 1 Farm-in) in Emmerson’s tenement holdings in the TCMF. An option to spend a further $10 million minimum, sole funded by Evolution over two years following the Stage 1 Farm-in, would enable Evolution to earn an additional 10% (Stage 2 Farm-in) of the tenement holdings. Emmerson is acting as manager during the Stage 1 Farm-in and is receiving a management fee during this period. Exploration expenditure attributable to the Stage 1 Farm-in to date is approximately $9.5 million.
About Evolution Mining
Evolution Mining is a leading, growth-focussed Australian gold miner. Evolution operates seven wholly owned mines– Cowal in New South Wales, Cracow, Mt Carlton, Mt Rawdon and Pajingo in Queensland, and Edna May and Mungari in Western Australia.
Group production for FY15 from Evolution’s five existing operating assets (prior to completion of the Cowal and Mungari acquisitions) totalled 437,570 ounces gold equivalent at an All-In Sustaining Cost of A$1,036 per ounce. Evolution has guided FY16 attributable gold production from all seven operating assets of 770,000–820,000 ounces at an AISC of A$970–A$1,020 per ounce.
About Edna Beryl Mineralisation
Edna Beryl was discovered by prospectors in 1935 and mined underground in the 1940s and 1950s to a maximum depth of approximately 50 metres. Production up until 1952 was reportedly 2,700t of ore at an exceptional grade of 53g/t gold.
More recent exploration in the Edna Beryl East area between 1996 and 2000 by Giants Reef Mining (GRM) outlined additional high-grade gold mineralisation below the historic workings and resulted in an estimate being reported in 1998 by independent consultants in accordance with the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves (JORC: 1998). While this estimate does not meet the minimum reporting requirements for a Mineral Resource under the current 2012 JORC Code, Emmerson considers the Edna Beryl East mineralisation to constitute an Exploration Target of 5,000t to 10,000t at 20 to 30 g/t gold, however cautions that the potential quantity and grade is conceptual in nature and, that there has been insufficient exploration to estimate a Mineral Resource and that it is uncertain if further exploration will result in the estimation of a Mineral Resource.
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Regulatory Information
The Company does not suggest that economic mineralisation is contained in the untested areas, the information contained relating to historical drilling records have been compiled, reviewed and verified as best as the Company was able. As outlined in this announcement the Company is planning further drilling programs to understand the geology, structure and potential of the untested areas. The Company cautions investors against using this announcement solely as a basis for investment decisions without regard for this disclaimer.
Competency Statement
The information in this report which relates to Exploration Results is based on information compiled by Mr Steve Russell BSc, Applied Geology (Hons), MAIG, MSEG. Mr Russell is a Member of the Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 edition and the 2012 edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Russell is a full time employee of the Company and consents to the inclusion in this report of the matters based on his information in the form and context in which it appears .
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Table1: Edna Beryl West significant drill hole intersections
| AZI | ||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| East | North | RL | Dip | From | To | Width | Au | Ag | Bi | Cu | Fe | Pb | Zn | Mo | Sb | Sample | ||
| HoleID | ||||||||||||||||||
| (MGA94_53) | (MGA94_53) | AHD | (deg) | mag | (m) | (m) | (m) | (g/t) | (ppm) | (ppm) | (ppm) | (%) | (ppm) | (ppm) | (ppm) | (ppm) | Type | |
| d | ||||||||||||||||||
| (eg) | ||||||||||||||||||
| EBWRC001 | 416573.10 | 7864800.14 | 298.8 | -67 | 349.5 | 133 | 146 | 13 | 8.69 | 1.47 | 69 | 573 | 25 | 29 | 54 | 71 | 10.5 | 1metre |
| Inc. | 133 | 140 | 7 | 15.1 | 1.26 | 64 | 390 | 25 | 22 | 83 | 12 | 12.5 | 1metre | |||||
| 135 | 137 | 2 | 24.7 | 1.76 | 79 | 218 | 22 | 35 | 70 | 10 | 5.81 | 1metre | ||||||
| EBWRC003 | 416547.40 | 7864807.41 | 298.4 | -66 | 348.5 | 103 | 108 | 5 | 27.1 | 4.43 | 391 | 67 | 17 | 40 | 97 | 10 | 0.69 | 1metre |
| Inc. | 103 | 105 | 2 | 50.9 | 8.66 | 659 | 99 | 19 | 68 | 139 | 8 | 0.81 | 1metre | |||||
| EBWRC008 | 416536.97 | 7864805.22 | 298.2 | -66 | 349.0 | 90 | 96 | 6 | 1.14 | 0.91 | 101 | 0.00 | 21.0 | 24.8 | 110 | 12.8 | 1.09 | 3m Comp |
| EBWRC012 | 416573.06 | 7864809.09 | 298.9 | -66 | 349.4 | 120 | 126 | 6 | 13.2 | 38.4 | 0.24% | 0.52 | 13.9 | 551 | 31 | 54.9 | 4.13 | 3m Comp |
| Incl. | 120 | 123 | 3 | 15.7 | 44.4 | 0.28% | 0.54 | 13.3 | 558 | 35 | 52.8 | 4.68 | ||||||
| EBWRC015 | 416536.29 | 7864791.06 | 298.2 | -65 | 349.0 | 126 | 129 | 3 | 11.2 | 27.3 | 987 | 0.02 | 17.0 | 151 | 140 | 4.20 | 0.12 | 3m Comp |
| EBWRC018 | 416582.29 | 7864804.00 | 299.1 | -65 | 349.3 | 135 | 144 | 9 | 5.33 | 4.72 | 261 | 0.08 | 24.2 | 60.1 | 36.0 | 31.9 | 8.44 | 3m Comp |
| Incl. | 135 | 138 | 3 | 10.4 | 9.83 | 470 | 0.09 | 22.5 | 111 | 8.00 | 44.7 | 10.7 |
Note:
(1) All samples are1m riffle split samples.
(2) Gold analysis method by 25g fire assay with ICP-OES finish.
(3) Multi element analysis method by 4 acid digest & ICP-OES, ICP-MS finish.
(4) Intersections are reported as down hole lengths and not true width.
(5) Minimum cut-off of 0.5g/t Au. No maximum cut-off.
(6) Minimum cut-off of 0.5%Cu. No maximum cut-off.
(7) No internal dilution.
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Table2: June Quarter drill hole details
| East(MGA94_5 | North(MGA9 | AZImag( | Depth | Sample | Target | ||||||
| HoleID | RLAHD | Dip(deg) | DrillDate | DrillType | Tenement Number |
||||||
| 3) | 4_53) | deg) | (metres) | Type | Name | ||||||
| RHRC001 | 415261.87 | 7861785.32 | 301.01 | -70.0 | 315.0 | 264 | 11/04/2016 | RC |
RC Chips | Rhodes | EL28776 |
| EBWRC001 | 416573.10 | 7864800.14 | 298.80 | -66.0 | 349.5 | 161 | 12/04/2016 | RC | RC Chips | Edna Beryl | MLC705 |
| EBWRC002 | 416547.76 | 7864805.43 | 298.39 | -67.0 | 348.5 | 168 | 13/04/2016 | RC | RC Chips | Edna Beryl | MLC705 |
| EBWRC003 | 416547.40 | 7864807.41 | 298.41 | -66.5 | 348.5 | 167 | 13/04/2016 | RC | RC Chips | Edna Beryl | MLC705 |
| EBWRC004 | 416537.54 | 7864790.42 | 298.53 | -67.0 | 348.5 | 192 | 14/04/2016 | RC | RC Chips | Edna Beryl | MLC705 |
| SSRC011 | 419358.07 | 7826144.33 | 381.48 | -60.0 | 175.5 | 108.0 | 16/04/201 |
RC | Susan |
Edna Beryl | MLC524 |
| SSRC012 | 419358.05 | 7826134.03 | 380.77 | -60.0 | 175.5 | 78.0 | ~~6~~ 17/04/201 |
RC | ~~S~~ Susan |
Edna Beryl | MLC524 |
| EBWRC005 | 416517.91 | 7864805.21 | 298.13 | -66.0 | 348.0 | 131 | ~~6~~ 5/06/2016 |
RC | ~~S~~ RC Chips |
Edna Beryl | ML C705 |
| EBWRC006 | 416516.46 | 7864776.71 | 298.05 | -70.0 | 348.0 | 96 | 6/06/2016 | RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC007 | 416516.21 | 7864778.67 | 298.02 | -67.0 | 348.0 | 180 | 6/06/2016 | RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC008 | 416536.97 | 7864805.22 | 298.20 | -66.0 | 349.0 | 143 | 7/06/2016 | RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC009 | 416546.82 | 7864780.13 | 298.23 | -67.0 | 348.0 | 204 | 8/06/2016 | RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC010 | 416546.97 | 7864814.13 | 298.26 | -66.5 | 349.0 | 132 | 8/06/2016 | RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC011 | 416565.38 | 7864829.08 | 299.40 | -66.5 | 349.5 | 108 | 9/06/2016 | RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC012 | 416573.06 | 7864809.09 | 298.97 | -66.5 | 349.4 | 149 | 9/06/2016 | RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC013 | 416573.38 | 7864790.91 | 298.65 | -66.5 | 348.0 | 204 | 9/06/2016 | RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC014 | 416583.39 | 7864826.57 | 298.87 | -66.5 | 349.3 | 108 | 11/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC015 | 416536.29 | 7864791.06 | 298.25 | -65.5 | 349.0 | 168 | ~~6~~ 12/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC016 | 416603.80 | 7864829.75 | 300.90 | -66.5 | 348.8 | 126 | ~~6~~ 13/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC017 | 416603.78 | 7864809.07 | 300.05 | -65.5 | 348.8 | 156 | ~~6~~ 14/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC018 | 416582.29 | 7864804.00 | 299.19 | -65.5 | 349.3 | 162 | ~~6~~ 14/06,201 |
RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC019 | 416619.76 | 7864845.91 | 303.11 | -60.0 | 355.0 | 84 | ~~6~~ 16/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC020 | 416623.79 | 7864837.87 | 303.01 | -66.0 | 348.9 | 114 | ~~6~~ 16/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC021 | 416637.69 | 7864827.28 | 303.36 | -65.0 | 349.0 | 126 | ~~6~~ 17/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC022 | 416689.75 | 7864856.15 | 308.09 | -66.0 | 349.2 | 102 | ~~6~~ 17/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC023 | 416709.82 | 7864861.29 | 308.75 | -65.5 | 348.9 | 102 | ~~6~~ 19/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC024 | 416645.81 | 7864777.06 | 300.12 | -66.5 | 345.0 | 66 | ~~6~~ 19/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC025 | 416645.10 | 7864779.21 | 300.08 | -65.5 | 345.0 | 246 | ~~6~~ 20/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC026 | 416657.62 | 7864802.05 | 302.18 | -65.5 | 343.0 | 204 | ~~6~~ 21/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC027 | 416606.34 | 7864957.71 | 299.14 | -60.0 | 160.3 | 150 | ~~6~~ 22/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC028 | 416594.98 | 7865013.00 | 299.26 | -66.0 | 162.0 | 252 | ~~6~~ 23/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| ~~6~~ |
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| East | North | AZImag | Depth | Sample | Target | ||||||
| HoleID | RLAHD | Dip (deg) | Drill Date | Drill Type | Tenement Number |
||||||
| (MGA94_53) | (MGA94_53) | (deg) | (metres) | Type | Name | ||||||
| EBWRC029 | 416629.00 | 7864994.03 | 301.36 | -66.0 | 161.0 | 210 | 24/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| EBWRC030 | 416573.49 | 7864793.00 | 298.77 | -65.5 | 344.0 | 162 | ~~6~~ 25/06/201 |
RC | RC Chips | Edna Beryl | ML C705 |
| ~~6~~ TOTAL 5,100m |
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Figure 1 : – Location of Emmerson’s Tennant Creek Project and Edna Beryl Tribute Mine–highlighting projects that will be drilled in the next quarter (Edna Beryl, Susan, M5, ~~Black Eye, Venus and Retsina in the Northern Project Area).~~
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~~Figure 2 : Long Section of the Edna Beryl district and recently completed drilling in each of the four ore shoots or panels (pierce points as colour coded dots)~~
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Figure 3. Susan long section showing all drilling with previous gold intersections, and interpreted magnetite-hematite ironstone plunge .
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The exploration results contained within the above company release are in accordance with the guidelines of The Australasian Code for the Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code, 2012).
SECTION 1 SAMPLING TECHNIQUES AND DATA – EDNA BERYL EXPLORATION TARGET
| Criteria | JORC Code explanation | Commentary | |
|---|---|---|---|
| Sampling techniques |
Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as downhole 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 (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 cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. |
Drill holes (EBWRC001-004) were reported ASX: 19/05/2016. Drill holes reported in this release (EBWRC005-030) were drilled during the period from 5/06/2016 – 25/06/2016 Drilling targeted ironstone both to the east and to the west of the known Edna Beryl mineralisation plus confirmation of historical gold intersections within the Edna Beryl Deeps area (Panel 3). Holes were angled to optimally test the interpreted shear zone). Drill holes have been drilled at an angle between 60 – 67 degrees). The Edna Beryl Exploration Target has been historically sampled using RAB, Reverse Circulation (RC) and diamond drilling (DD) techniques. 24 RAB holes for 1,140m, 29 RC/Percussion holes for 2,534m and 26 Diamond holes for 4,678.2m have been completed. The drill hole spacing is nominal 10m x 10m grid spacing. In areas of mineralisation spacing has been reduced to 5m x 5m. Holes have been angled to optimally test the host shear zone. Typically, most drill holes have been drilled towards the North at angles (dip) between 45 to 70 degrees from surface. EBWRC005-030RC chips are riffle split on site to obtain 3m composite samples from which 2.5–3.0kg sample was pulverised (at Genalysis in Alice Springs) to produce a 25g charge for analysis by Aqua Regia digestion / ICP-MS/OES (Au, Ag, Bi, Cu, Fe, Pb, Zn, Mo, U, Se, Sb). Individual 1m (re-split) samples are retained on the drill site. Anomalous zones will be individually assayed (re-splits) once 3m composite results are returned. Individual 1m samples are pulverised to produce a 25g charge for analysis by four acid digest with an ICP/OES (Cu, Fe, Pb, Zn) ICP/MS (Ag, Bi, Mo, Sb,) & Fire Assay/AAS (Au) finish. RC samples were collected via a fixed cone splitter that is mounted to the drill rig under a 1200cfm cyclone. The fixed cone splitter has three sample chutes for comparative sampling, 2 chutes are synchronised for comparative samples and 1 Chute is independently set for the geologists field samples. Air Leg samples (ASX:16 Mar 2016) were collected from the floor of the refurbished cross cut drive at Edna Beryl to a final depth of 1.83m or 6 foot. Samples were collected from approximately 53m below surface level. Samples consisted of powdered (dust) and larger chips of red hematite ironstone. |
|
| Drilling techniques |
Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg 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). |
26 RC drill holes were drilled (this ASX release) in this second program (EBWRC005-030 – see table in text). Total metres drilled are 3,885m. The shallowest hole was 66m and deepest was 252m). The average drill hole length was 149m. RC drilling utilizes a 53/4inch, face sampling bit. RAB, RC and Diamond drilling accounts for 100% of the current drilling at the Edna Beryl Exploration Target. RC recoveries are logged and recorded in the database and for this program were considered excellent. Standard inner tube has been used. Three vertical air leg holes were spaced at 1m x 1m and drilled to a final depth of 1.83m (ASX:16 Mar 2016). The diameter of the air leg drill steel outside diameter is 30mm. Two samples were collected from each drill hole. |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| The first sample was collected from the surface of the drive floor to a distance of 1.22m or 4 foot. The 1.22m hole was then blown out and cleaned via the air leg to ensure minimal contamination. The second sample was then collected from 1.22 to a final depth of 1.83m or 6 foot. Allthreeholeswere drilled thisway. |
||
| Drill sample recovery |
Method of recording and assessing core and chip sample recoveries and results assessed. 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. |
RC samples are visually checked for recovery, moisture and contamination. No issues were encountered. If any issues or concerns are raised they are discussed at the time with the drilling contractor and also recorded in our database and drilling diary. Recoveries are considered good to excellent for the reported RC drilling. RC samples are collected via a fixed cone splitter that is mounted to the drill rig under a 1200cfm cyclone. The cyclone and splitter are routinely cleaned with more attention spent during the drilling of damp or wet samples. There were no “wet samples” during this program. Emmerson consider that there is evidence for sample bias that may have occurred due to preferential loss/gain of fine/coarse material. Visible (course) gold is identified in sections of historical diamond core so caution is required. Air leg drill sample was collected as dust and chips were returned to the surface of the cross cut drive. All samples were dry. Sample recoveryconsideredgood and representative. |
| 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. |
Standard operating procedures are employed by Emmerson for logging RC samples. All RC samples are lithologically logged in one metre intervals. Drill hole logging data is directly entered into field tough book computers via Logchief software. Look up codes and real time validations reduce the risk of data entry mistakes. Field computer data (the drill log) are uploaded to Emmerson’s relational database whereby the data undergoes a further set of validations checks prior to final upload. Standardised codes are used for lithology, oxidation, alteration, veining and presence of sulphide minerals. Structural logging of the RC drill samples was not possible. Magnetic susceptibility data for all individual 1m RC samples are collected as per ERM procedure. All RC chips are stored in trays in 1m intervals. Representative RC chips and diamond core is available to all geologists (a physical reference set) to ensure consistency of logging. All historical drill core and RAB & RC samples was lithologically logged. A detailed validation of all historical drilling data was completed in 2015 by a full time Emmerson Resources senior geologist. Standardised codes were used for lithology, oxidation, alteration and presence of sulphide minerals. Structural logging of selected historical diamond drill core was completed in 2016 recording orientation of veins, fractures and lithological contacts. Information on structure type, dip, dip direction, alpha angle, beta angle, texture, shape, roughness and fill material is stored in the structure table of Emmerson’s database. All drill core was reported to be photographed, however Emmerson geologists could not locate digital or hard copy photography. |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Diamond core is stored in Tennant Creek howeverseveralholes (or sections of holes are missing or incomplete. RC chips could not be located. No geological logging was completed on the 3 air leg drill holes however; the samples are described as brick red,heavyironstone. |
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| 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. |
Standard sampling operating procedures have used by Emmerson during the Edna Beryl West drilling. The sample preparation of RC samples for follows industry best practice in sample preparation involving oven drying, coarse crushing of the sample down to ~10mm followed by pulverisation of the entire sample (total prep) using LM5 grinding mills to a grind size of 85% passing 75 micron. Pulverised material not required by the laboratory (pulps) including duplicate samples are returned to ERM, logged into a database and stored undercover at the Tennant Creek office. Coarse rejects are disposed of by the Laboratory. Entire air leg sample was hand delivered to the laboratory. 14 samples in total of which 6 samples were reported (ASX:16 May 2016). Samples consisted of dust and chips and were all dry. Samples were not riffle spit. No duplicate samples were submitted. |
| 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. 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 (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. |
Field QC procedures involve the use of certified reference material (CRM’s) as assay standards, and ERM include blanks, duplicates. QAQC protocols consist of the insertion of blanks at a rate of one in every 40 samples, insertion of standards (CRM’s) at a rate of approximately one in every 20 samples and duplicate field sample analysis of at a rate of approximately one in every 20 samples. A selection of CRM’s is available to the geologists and insertion points are predetermined prior to drilling. The geologist has the ability to override this predetermined insertion based on visual and geological characteristics of the current drill hole. Insertion of assay blanks is increased when visual mineralisation is encountered and consists of insertion above and below the mineralised zone. RC field duplicates are collected on the 3m composites samples, using a riffle splitter. Individual 1m RC sample duplicates (re-splits) are also collected using the same technique. Laboratory checks include CRM’s and/or in-house controls, blanks, splits, and replicates that are analysed with each batch of samples submitted. These QC results are reported along with sample values in the final analytical report. Barren quartz washes are also routinely used in zones of mineralisation. QAQC data is uploaded with the sample values into ERM’s database through an external database administrator (contractor). A QAQC database is created as a separate table in the database and includes all field and internal laboratory QC samples. QC data is reported through a series of control charts for analysis and interpretation by the Exploration Manager or his/her delegate. The sample sizes are considered to be appropriate to correctly represent the sulphide mineralisation at the Edna Beryl West project based on the style of mineralisation (iron oxide copper gold), the thickness and mineral consistency of the intersection(s). Emmerson’s sampling methodology (SOP) is available at any time forpeer review. |
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| Criteria | JORC Code explanation | Commentary | |
|---|---|---|---|
| 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. |
Emmerson’s Exploration Manager (Competent Person) has discussed in detail the drill and sample collection procedures with the driller and is satisfied that best practice has been followed. Emmerson’s Exploration Manager (Competent Person) has discussed sample preparation and analyses with Genalysis Intertek sample Prep and Lab Manager to confirm the integrity of the sample assay process. Do to the high grade nature of the samples several repeats have been carried out and the repeatability is considered to be reasonable. . Original data sheets and files are retained to validate the contents of the database against the original logging. No twin drill holes have been completed at the Edna Beryl Exploration Target. |
|
| Location of data points |
Accuracy and quality of surveys used to locate drill holes (collar and downhole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control. |
Sample locations are shown in Figure 2 and Table 2 within the main text. EBWRC005-030 drill hole collars were surveyed (set out and picked up) using a differential GPS and by a suitably qualified company employee. Collar survey accuracy is +/- 30 mm for easting, northing and elevation coordinates. Co-ordinate system GDA_94, Zone 53. Topographic measurements are collected from the final survey drill hole pick up. Downhole survey measurements were collected routinely every 6m down hole using an REFLEX EZ-Shot® electronic single shot camera for RC. This survey camera equipment is quoted by the manufacturer to have an accuracy of o Azimuth 0-360º ± 0.5ºo Dip ± 90º ± 0.2º If the measurement is considered to be affected by magnetic material (ironstone) then an average from the last non affected and the next non affected measurement is used. There were no down hole survey issues during this drill program and all collar positions have been validated by the Exploration Manager. |
|
| 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. |
EBWRC005 to EBWRC030 were spaced 10-15 metres apart in dip and strike. This close spacing is necessary due to the style and morphology of the shear zone being drill tested. The spacing of historic drill hole collars is erratic, possibly to allow for the high degree of drilling deviation encountered in the Tennant Creek Mineral Field. Identified mineralisation within the Edna Beryl Exploration Target has been defined by drill holes on a section spacing of 10 m to 20 m with an average on-section spacing of 10 m. Emmerson considers the Edna Beryl mineralisation to be an Advanced Exploration Target and that it is uncertain that following evaluation and/or further exploration work that the historical estimate will be able to be reported as Mineral Resources or Ore Reserves in accordance with the requirements in Appendix 5A (JORC Code). RC sampling is on 1 m intervals that may have originally consisted of 3m composites. The air leg holes were space 1m apart. The cross cut drive is 2m x 1.1m. |
|
| Orientation of data in relation to geological |
Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. |
Exploration drilling is at a high angle to the mineralized bodies and/or shear zone. Exploration drilling is perpendicular to mineralized bodies or shear zone. No orientationbased sampling biashas been identifiedinthe data |
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| Criteria | JORC Code explanation | Commentary | |
|---|---|---|---|
| structure | 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. |
|
at this point. It is considered that the recent RC drilling (EBWRC005- EBWRC030) is representative and that no sample bias has been introduced. Results at this stage suggest that the geological targets being tested have been drilled in the correct orientation. The 3 air leg holes were drilled vertically into the floor of the cross cut drive. Samples ended in ironstone material. It is considered that the vertical drilling is representative and that no sample biashas been introduced. |
| Sample security |
The measures taken to ensure sample security. |
|
Samples from EBWRC005 – 030 were selected, bagged and labelled by site geologist and field assistants. They are placed in sealed polyweave bags and then larger bulka bags for transport to the assay laboratory. The assay laboratory confirms that all samples have been received and that no damage has occurred during transport. Tracking is available through the internet and designed by the Laboratory for ERM to track the progress of batches of samples. Sample receipt is logged into ERM’s sample ledger. While samples are being prepared in the Lab they are considered to be secure. While samples are being analysed in the Lab they are considered to be secure. |
| Audits or reviews |
The results of any audits or reviews of sampling techniques and data. |
|
No formal audit has been completed on the historical samples. An internal review of the sampling techniques, QAQC protocols and data collectionhas not been conducted by Emmerson. Digital Rock Services Pty Ltd (1998) and Rocksearch Australia validated historical data on two separate occasions. Minor issues were identified and remedied at the time. In 2003 – 2004 a 52m shaft was sunk at the Edna Beryl explorations target where mineralisation was intersected as per the data. |
SECTION 2 REPORTING OF EXPLORATION RESULTS – EDNA BERYL EXPLORATION TARGET
| 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. |
The Edna Beryl Exploration Target lies wholly within Mineral Lease C705 (ML C705). The Edna Beryl Exploration Target is located 37kms north of Tennant Creek Township and 3kms east of the Stuart Highway. Edna Beryl is situated on map sheet SE53-14 Tennant Creek 1:250,000 and sheet 5759 Flynn 1:100,000 at GDA coordinate 416500mE 7864700mN. ML C705 is located within Aboriginal Freehold Land held by the Warumungu Aboriginal Land Trust (NT portion 1754). The tenement is 100% held by Emmerson Resources Limited. The exploration target is on Aboriginal freehold land. An agreement under the Aboriginal Land Rights (Northern Territory) Act 1976 has been entered into between Emmerson Resources and the Central Land Council on behalf of the Aboriginal landowners. The agreement provides for the protection of sites, the payment of compensation and allows the landowners unfettered access to the lease area (other than the immediate mine site where there are restrictions). |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Emmerson Resources are in Joint Venture with Evolution Mining. Exclusion Zones are identified within MLC 705 however does no impact on the Edna Beryl Exploration Target area. Approval to drill the second phase of drilling was received from Traditional Owners prior to drilling commencement. MLC 705 is in good standing and no known impediments exist. |
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| Exploration done by other parties |
Acknowledgment and appraisal of exploration by other parties. |
Edna Beryl was discovered in 1935 and mined in the 1940s and 1950s by excavation of vertical shafts and horizontal drives to a maximum depth of about 50 metres. Production up until 1952 was reportedly 2,700 tonnes of ore at an average grade of 53 grams gold per tonne. Giants Reef Mining conducted all known “modern” exploration in and around the Edna Beryl Exploration Target Area. Giants Reef has carried out exploration on the Edna Beryl area from 1990 to 2005 and during this time identified significant gold mineralisation below the original workings. An existing shaft sunk during the earlier mining was refurbished in 1996. In 2004 – 2005 mining was conducted by the Edna Beryl Mining Company (formally known as Craig’s Mining Services) in a Tribute arrangement with Giants Reef Mining. Approximately 410 ounces was produced during this period from the upper mineralised pod from an exploration shaft and drive to current depth of 52m. Influx of underground water plus declining gold price ceased the operation in July2005. |
| Geology | Deposit type, geological setting and style of mineralisation. |
Gold and copper-gold deposits discovered in the Tennant Creek gold field to date, are hosted in the Lower Proterozoic Warramunga Formation; a metamorphosed (greenschist facies) greywacke-siltstone-shale sedimentary sequence, that usually displays a pronounced east-west cleavage. Ore occurs adjacent to steeply dipping, lenticular orpipe- likemagnetite/haematite/chlorite/quartz bodies (‘ironstone’) that are found along east-west trending structures. It is generally thought that the magnetite/haematite was hydrothermally formed in dilation zones along the controlling structures, and that the deposition of gold, sulphides and associated alteration minerals was a later event with mineralisation possibly being derived from a different source but following the same structurally controlled path. In plan view, the ironstone bodies tend to be narrowest in the north-south direction and elongated east west, reflecting the regional cleavage and shearing. Edna Beryl clearly follows this pattern. Their vertical dimensions may run to hundreds of metres, beyond the reach of surface drilling. Ore grades may occur over substantial vertical intervals of an ironstone |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| pipe or lens, but are not expected to occur over the entire length. The mineralisation style is considered to be Iron Oxide Copper Gold. Supergene enrichmentisvery evident. |
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| 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 of the drill hole collaro dip and azimuth of the holeo downhole length and interception deptho hole length. |
A list of the drill holes, collar detail and intersections is provided in the body of this text Table 1 & 2and on figure 2. |
| Data aggregation methods |
In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. |
Mineralized RC and Diamond intersections are reported as down hole intervals and not weighted averages. The results discussed are exploration results only and no allowance is made for recovery losses that may occur should mining eventually result, nor metallurgical flow sheet considerations. |
| Relationship between mineralization 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 downhole lengths are reported, there should be a clear statement to this effect (eg ‘downhole length, true width _not known’). _ |
The holes drilled within the Edna Beryl Exploration Target area are perpendicular the east-west striking mineralised zone. The holes were designed and drilled perpendicular to the steep dipping mineralised zone making the intercepts approximate to true width. |
| 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. |
Refer to Figures in body of text. |
| 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. |
Due to the age the Resource Estimation for the Edna Beryl resource, Emmerson are cautious and do not believe the historical Resource Estimate can be reported in accordance with the current 2012 JORC Code. Emmerson considers the Edna Beryl mineralisation to be an Advanced Exploration Target. It is uncertain that following evaluation and/or further exploration work that the historical estimate will be able to be reported as Mineral Resources or Ore Reserves in accordance with the requirements in Appendix 5A (JORC Code). |
| Other substantive exploration data |
Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical |
Geotechnical logging was carried out on all historical diamond drill holes for recovery, RQD and number of defects (per interval). Information |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| 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. |
on structure type, dip, dip direction, alpha angle, beta angle, texture, shape, roughness and fill material was stored in the structure table of the Micromine database. Density measurements were collected by Giants Reef geologists. Metallurgical testing of selected mineralised Edna Beryl samples was conducted by Metcon Laboratories Pty Ltd in 1996. Metallurgical testing concluded that 70% could be gravity recovered with the remaining gold cyanide soluble so that total gold extraction of >98% could be obtained. Screen Fire Assay of selected samples was conducted by Giants Reef Mining. Geophysical magnetic susceptibility logging is completed at 1m intervals on site (RC drilling) and in the core shed for selected sections of diamond core. Thin section samples were collected by Giants Reef Mining to assist in the refinement of the geological model. |
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| Further work | The nature and scale of planned further work (eg 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. |
A follow up program of RC drilling (Phase 3) is planned to commence in August, 2016(pending positive assay results) to further assist in confirming the geological and grade continuity of gold mineralisation already intersected. Geological interpretation as discussed in the text. Diamond drilling is being considered for the Panel 3 target. Gyro survey of drill holes EBWRC001 – 030 is planned for July, 2016 . |
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Mining Tenements Held at 30 June 2016 (Northern Territory, Australia)
| Tenement Name Interest EL10114 McDougall 100% EL10124 Speedway 100% EL10313 Kodiak 100% EL10406 Montana 100% EL23285 Corridor 2 100% EL23286 Corridor 3 100% EL23905 Jackie 100% EL26594 Bills 100% EL26595 Russell 100% EL26787 Rising Ridge 100% EL27011 Snappy Gum 100% EL27136 Reservoir 100% EL27164 Hawk 100% EL27408 Grizzly 100% EL27537 Chappell 100% EL27538 Mercury 100% EL28601 Malbec 100% EL28602 Red Bluff 100% EL28603 White Devil 100% EL28618 Comstock 100% EL28760 Delta 100% EL28761 Quartz Hill 100% EL28775 Trinity 100% EL28776 Whippet 100% EL28777 Bishops Creek 100% EL28913 Amstel 100% EL29012 Tetley 100% EL29488 Rocky 100% EL30167 Dolomite 100% EL30168 Caroline 100% EL30301 Grey Bluff East 100% EL30488 Colombard 100% EL30584 Juno North 100% EL30614 Franc 100% EL30748 Battery Hill 100% EL31249 Prosperity 100% EL9403 Jess 100% EL9958 Running Bear 100% ELA27539 Telegraph 100% ELA27902 Lynx 100% ELA30123 Mosquito Creek 100% ELA30505 Golden East 100% ELA30516 Barkly Highway 100% ELA30746 Mule 100% ELA30747 Power ofWealth 100% ELA30749 Mary Anne 100% |
Tenement Name Interest ELA7809 Mt Samuel 100% HLDC100 Sally No Name 100% HLDC101 Sally No Name 100% HLDC37 Warrego, No 1 100% HLDC39 Warrego Min, 100% HLDC40 Warrego, No 2 100% HLDC41 Warrego, No 3 100% HLDC42 Warrego, S7 100% HLDC43 Warrego , S8 100% HLDC44 Warrego, No.2 100% HLDC45 Warrego, No.1 100% HLDC46 Warrego, No.1 100% HLDC47 Wiso Basin 100% HLDC48 Wiso Basin 100% HLDC49 Wiso Basin 100% HLDC50 Wiso Basin 100% HLDC51 Wiso Basin 100% HLDC52 Wiso Basin 100% HLDC53 Wiso Basin 100% HLDC54 Wiso Basin 100% HLDC55 Warrego, No.4 100% HLDC56 Warrego, No.5 100% HLDC58 Wiso Line, No.6 100% HLDC59 Warrego, No.6 100% HLDC69 Wiso Basin 100% HLDC70 Wiso Basin 100% HLDC71 Wiso Basin 100% HLDC72 Wiso Basin 100% HLDC73 Wiso Basin 100% HLDC74 Wiso Basin 100% HLDC75 Wiso Basin 100% HLDC76 Wiso Basin 100% HLDC77 Wiso Basin 100% HLDC78 Wiso Basin 100% HLDC79 Wiso Basin 100% HLDC80 Wiso Basin 100% HLDC81 Wiso Basin 100% HLDC82 Wiso Basin 100% HLDC83 Wiso Basin 100% HLDC84 Wiso Basin 100% HLDC85 Wiso Basin 100% HLDC86 Wiso Basin 100% HLDC87 Wiso Basin 100% HLDC88 Wiso Basin 100% HLDC89 Wiso Basin 100% HLDC90 Wiso Basin 100% |
Tenement Name Interest HLDC91 Wiso Basin 100% HLDC92 Wiso Basin 100% HLDC93 Wiso Basin 100% HLDC94 Warrego, No.4 100% HLDC95 Warrego, No.3 100% HLDC96 Wiso Basin 100% HLDC97 Wiso Basin 100% HLDC98 Wiso Basin 100% HLDC99 Wiso, No.3 pipe 100% MA23236 Udall Road 100% MA27163 Eagle 100% MA30798 Little Ben 100% MCC174 Mt Samuel 100% MCC203 Galway 100% MCC211 Shamrock 100% MCC212 Mt Samuel 85% MCC239 West Peko 100% MCC240 West Peko 100% MCC287 Mt Samuel 100% MCC288 Mt Samuel 100% MCC308 Mt Samuel 85% MCC316 The Trump 100% MCC317 The Trump 100% MCC334 Estralita Group 100% MCC340 The Trump 100% MCC341 The Trump 100% MCC344 Mt Samuel 100% MCC364 Estralita 100% MCC365 Estralita 100% MCC366 Estralita 100% MCC524 Gibbet 100% MCC55 Mondeuse 100% MCC56 Shiraz 100% MCC57 Mondeuse 100% MCC66 Golden Forty 100% MCC67 Golden Forty 100% MCC9 Eldorado 100% MCC925 Brolga 100% MCC926 Brolga 100% ML22284 Billy Boy 100% ML23216 Chariot 100% ML23969 GeckoHeadframe 100% ML29917 Havelock 100% ML29919 Orlando 100% ML30096 Malbec 100% ML30176 Queen of Sheba 100% |
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Mining Tenements Held at 30 June 2016 (Northern Territory, Australia)
| Tenement Name Interest ML30177 North Star 100% ML30322 Verdot 100% ML30322 Verdot 100% ML30620 Kia Ora 100% ML30623 Pinnacles Sth 100% ML30636 Jacqueline the 100% ML30712 Battery Hill 100% ML30713 The Pup 100% ML30714 Pedro 100% ML30715 Red Bluff North 100% ML30716 Comstock 100% ML30742 Black Cat 100% ML30743 True Blue 100% ML30744 Scheurber 100% ML30745 Bomber 100% ML30781 Smelter 100% ML30782 Dark 100% ML30783 Semillon 100% ML30784 Noir 100% ML30815 Blue Moon 100% ML30864 Verdelho 100% ML30865 Dong Dui 100% ML30867 Thurgau 100% ML30870 Rising Star 100% ML30871 Colombard 100% ML30872 The Extension 100% ML30873 Pinot 100% ML30874 Merlot 100% ML30875 Grenache 100% ML30885 Zinfandel 100% ML30886 EXP212 100% ML30888 Warrego 100% ML30893 Troy 100% ML30909 Archimedes 100% ML30910 Marsanne 100% ML30911 Wolseley 100% ML30912 Ivanhoe 100% ML30937 Gris 100% ML30938 EXP195 100% ML30945 Metallic Hill 100% ML30946 Sauvignon 100% ML30947 Warrego East 100% ML31021 Gecko 3 100% ML31023 Gecko 1 100% ML31055 EXP 80 100% ML31057 Durif 100% |
Tenement Name Interest ML31074 Rocky Range 100% ML31075 Franc 100% ML31076 Jubilee 100% ML31123 Gibbet1 100% MLA29526 Blue Moon 100% MLA29527 Wiso 100% MLA29528 Wiso 100% MLA29529 Wiso 100% MLA29530 Wiso 100% MLA29531 Wiso 100% MLA29532 Wiso 100% MLC120 Cabernet/Nav 7 100% MLC121 Cabernet/Nav 7 100% MLC122 Cabernet/Nav 7 100% MLC123 Cabernet/Nav 7 100% MLC127 Peko East Ext 4 100% MLC129 Peko Sth- East 100% MLC130 Golden Forty 100% MLC131 Golden Forty 100% MLC132 Golden Forty 100% MLC133 Golden Forty 100% MLC134 Golden Forty 100% MLC135 Golden Forty 100% MLC136 Golden Forty 100% MLC137 Golden Forty 100% MLC138 Golden Forty 100% MLC139 Golden Forty 100% MLC140 Golden Forty 100% MLC141 Golden Forty 100% MLC142 Golden Forty 100% MLC143 Golden Forty 100% MLC144 Golden Forty 100% MLC146 Golden Forty 100% MLC147 Golden Forty 100% MLC148 Golden Forty 100% MLC149 Golden Forty 100% MLC15 Eldorado 4 100% MLC158 Warrego gravel 100% MLC159 Warrego gravel 100% MLC16 Eldorado 5 100% MLC160 Warrego gravel 100% MLC161 Warrego gravel 100% MLC162 Warrego gravel 100% MLC163 Warrego gravel 100% MLC164 Warrego gravel 100% MLC165 Warrego gravel 100% |
Tenement Name Interest MLC176 Chariot 100% MLC177 Chariot 100% MLC18 West Gibbet 100% MLC182 Riesling 100% MLC183 Riesling 100% MLC184 Riesling 100% MLC204 Argo West 100% MLC205 Argo West 100% MLC206 Argo West 100% MLC207 Argo West 100% MLC208 Argo West 100% MLC209 Argo West 100% MLC21 Gecko 100% MLC217 Perserverance 30% MLC218 Perserverance 30% MLC219 Perserverance 30% MLC220 Perserverance 30% MLC221 Perserverance 30% MLC222 Perserverance 30% MLC223 Perserverance 30% MLC224 Perserverance 30% MLC253 Mulga 1 100% MLC254 Mulga 1 100% MLC255 Mulga 1 100% MLC256 Mulga 2 100% MLC257 Mulga 2 100% MLC258 Mulga 2 100% MLC259 Mulga 2 100% MLC260 Mulga 2 100% MLC261 Mulga 2 100% MLC32 Golden Forty 100% MLC323 Gecko 100% MLC324 Gecko 100% MLC325 Gecko 100% MLC326 Gecko 100% MLC327 Gecko 100% MLC342 Tinto 100% MLC343 Rocky Range 100% MLC344 Rocky Range 100% MLC345 Rocky Range 100% MLC346 Rocky Range 100% MLC347 Golden Forty 100% MLC348 Brolga 100% MLC349 Brolga 100% MLC35 Golden Forty 100% MLC350 Brolga 100% |
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Mining Tenements Held at 30 June 2016 (Northern Territory, Australia)
| Tenement Name Interest MLC351 Brolga 100% MLC352 Golden Forty 100% MLC353 Golden Forty 100% MLC354 Golden Forty 100% MLC355 Golden Forty 100% MLC36 Golden Forty 100% MLC362 Lone Star 100% MLC363 Lone Star 100% MLC364 Lone Star 100% MLC365 Lone Star 100% MLC366 Lone Star 100% MLC367 Lone Star 100% MLC368 Lone Star 100% MLC369 Lone Star 100% MLC37 Golden Forty 100% MLC370 Lone Star 100% MLC371 Lone Star 100% MLC372 Lone Star 100% MLC373 Lone Star 100% MLC374 Lone Star 100% MLC375 Lone Star 100% MLC376 Mulga 1 100% MLC377 Mulga 1 100% MLC378 Mulga 1 100% MLC379 Mulga 1 100% MLC38 Memsahib East 100% MLC380 Mulga 1 100% MLC381 Mulga 1 100% MLC382 Mulga 1 100% MLC383 Mulga 1 100% MLC384 Mulga 2 100% MLC385 Mulga 2 100% MLC386 Mulga 2 100% MLC387 Mulga 2 100% MLC4 Peko Extended 100% MLC406 Comet 100% MLC407 Comet 100% MLC408 Comet 100% MLC409 Comet 100% MLC432 Mulga 1 100% MLC48 Tinto 100% MLC49 Mt Samual 100% MLC498 Eldorado 100% MLC499 Eldorado 100% MLC5 Peko Extended 100% MLC50 Eldorado Anom 100% MLC500 Eldorado 100% |
Tenement Name Interest MLC501 Eldorado 100% MLC502 Eldorado 100% MLC503 Eldorado 100% MLC504 Eldorado 100% MLC505 Eldorado 100% MLC506 Marion Ross 100% MLC51 Eldorado Anom 100% MLC518 Ellen, Eldorado 100% MLC52 Muscadel 100% MLC520 Great Northern 100% MLC522 Aga Khan 100% MLC523 Eldorado 100% MLC524 Susan 100% MLC527 Mt Samual 100% MLC528 Dingo Eldorado 100% MLC529 Cats Whiskers 100% MLC53 Golden Forty 100% MLC530 Lone Star 100% MLC535 Eldorado No 5 100% MLC54 Golden Forty 100% MLC546 The Mount 100% MLC55 Golden Forty 100% MLC554 White Devil 100% MLC557 White Devil 100% MLC558 New Hope 100% MLC559 White Devil 100% MLC56 Golden Forty 100% MLC560 White Devil 100% MLC57 Perserverence 30% MLC576 Golden Forty 100% MLC577 Golden Forty 100% MLC581 Eldorado ABC 100% MLC582 Eldorado ABC 100% MLC583 Eldorado ABC 100% MLC584 Golden Forty 100% MLC585 Golden Forty 100% MLC586 Golden Forty 100% MLC591 TC8 Lease 100% MLC592 TC8 Lease 100% MLC593 TC8 Lease 100% MLC594 TC8 Lease 100% MLC595 TC8 Lease 100% MLC596 TC8 Lease 100% MLC597 TC8 Lease 100% MLC598 Golden Forty 100% MLC599 Mt Samuel 85% MLC601 TC8 Lease 100% |
Tenement Name Interest MLC602 TC8 Lease 100% MLC603 TC8 Lease 100% MLC604 TC8 Lease 100% MLC605 TC8 Lease 100% MLC606 Lone Star 100% MLC607 Lone Star 100% MLC608 Lone Star 100% MLC609 Lone Star 100% MLC610 Lone Star 100% MLC611 Lone Star 100% MLC612 Lone Star 100% MLC613 Lone Star 100% MLC614 Lone Star 100% MLC615 Lone Star 100% MLC616 Lone Star 100% MLC617 Mt Samuel 50% MLC619 True Blue 85% MLC626 Caroline 100% MLC644 Enterprise 100% MLC645 Estralita 100% MLC654 TC8 Lease 100% MLC66 Traminer 100% MLC675 Black Angel 100% MLC676 Black Angel 100% MLC683 Eldorado 100% MLC69 Gecko 100% MLC692 Warrego Mine 100% MLC70 Gecko 100% MLC700 White Devil 100% MLC702 100% MLC705 Apollo 1 100% MLC78 Gecko 100% MLC85 Gecko 100% MLC86 Gecko 100% MLC87 Gecko 100% MLC88 Gecko 100% MLC89 Gecko 100% MLC90 Gecko 100% MLC91 Carraman/Klond 100% MLC92 Carraman/Klond 100% MLC93 Carraman/Klond 100% MLC94 Carraman/Klond 100% MLC95 Carraman/Klond 100% MLC96 Osprey 100% MLC97 Osprey 100% MLCA708 100% |
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Mining Tenements Held at 30 June 2016 (New South Wales, Australia)
| Tenement ELA5252 ELA5253 ELA5255 ELA5256 |
Name Wellington Fifield Temora Parkes |
Interest 90% 90% 90% 90% |
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