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FireFly Metals Ltd. — Capital/Financing Update 2021
Dec 1, 2021
48548_rns_2021-12-01_6e302a7b-5b41-4836-9800-1cf05f205e83.pdf
Capital/Financing Update
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ASX: AUT 2 December 2021
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ASX ANNOUNCEMENT
Pickle Crow Gold Project, Canada
More exceptional drilling results highlight potential for increase in 1.7Moz gold Resource
Latest intersections extend known mineralisation in high-grade areas as well as the alterationhosted gold which is potentially amenable to bulk mining; Resource update set for Feb 2022
KEY POINTS
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Drilling of high-grade vein extensions outside the vein hosted Resource in the Shaft 1 and Shaft 3 areas continues to deliver significant intersections, including:
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2.0m @ 68.3g/t gold from 470.7m in hole AUDD0200 (136.6 gt*m)
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o2.1m @ 31.8g/t gold from 246.4m in hole AUDD0229 (66.8 gt*m) -
4.1m @ 11.2g/t gold from 423.8m in hole AUDD0200 (45.3 gt*m)
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4.7m @ 6.3g/t gold from 732.8m in hole AUDD0196 (29.6 gt*m)
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o2.4m @ 9.9g/t gold from 18.7m in hole AUDD0214 (23.3 gt*m) -
3.1m @ 6.9g/t gold from 370.7m in hole AUDD0183 (20.9 gt*m)
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1.0m @ 10.6g/t gold from 556.3m in hole AUDD0189 (10.6 gt*m)
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o0.3m @ 34.2g/t gold from 559.7m in hole AUDD0193 (10.3 gt*m) -
The current high-grade vein hosted Resource at Pickle Crow stands at 1.47Moz at 10.1g/t
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The alteration hosted Resource, which is predominantly Banded Iron Formation (BIF), currently totals 240,000oz at 3.7g/t gold and is potentially amenable to bulk mining
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Initial exploration targeting of BIF mineralisation near Shaft 1 returned an intersection of:
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19.5m @ 3.3g/t gold from 340.7m in hole AUDD0220 (63.2 gt*m)
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Follow-up drilling at the Carey discovery demonstrates further potential for bulk mineralisation. Significant intersections returned included:
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4.0m @ 9.9g/t gold from 266.6m in hole AUDD0194 (39.1 gt*m)
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o11.5m @ 1.5g/t gold from 163.5m in hole AUDD0181 (17.5 gt*m)o1.5m @ 10.3g/t gold from 90.4m in hole AUDD0180 (15.4 gt*m)o7.0m @ 2.0g/t gold from 289m in hole AUDD0188 (14.0 gt*m) -
First-pass exploration drilling on the Carey trend ~600m to the north-east intersected shallow high-grade gold, with intersections including:
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0.5m @ 84.0g/t gold from 8.2m in AUDD0167 (42.0 gt*m)
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5 diamond rigs are currently drilling on site
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An updated Resource estimate remains on track for delivery in February 2022
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AuTECO remains well funded for its growth strategy, with A$16.4M in cash at 30 September 2021
ASX: AUT
Ray Shorrocks - Executive Chairman Michael Naylor - Non-Executive Director Stephen Parsons - Non-Executive Director Nicholas Katris - Company Secretary Darren Cooke - Chief Operating Officer
ACN: 110 336 733 Principal and Registered Office: Ground Floor 24 Outram Street West Perth WA 6005
T: +61 8 9220 9030 E: [email protected] W: www.autecominerals.com
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AuTECO Minerals Ltd (AUT.ASX) (‘ AuTECO ’ or ‘ the Company’ ) is pleased to report more outstanding drilling results which will help underpin a Resource update in the coming quarter.
The latest intersections from the 50,000m drilling program underway at the Pickle Crow project in Ontario, Canada continue to extend the known mineralisation outside the 1.7Moz Resource at 8.1g/t gold[1] .
AuTECO currently has five diamond drill rigs operating with a dual focus on Resource expansion and near-mine exploration. This includes growing the high-grade vein Resource, which comprises 1.47Moz at 10.1g/t, and the alteration-hosted Resource of 240,000oz at 3.7g/t.
It is envisaged that the higher and lower grade areas could potentially be mined using the same access infrastructure and a common processing plant, enabling the ore to be blended. However, the alteration-hosted areas would be mined using bulk mining methods.
In the high-grade veins, Resource expansion drilling in the Shaft 1 and Shaft 3 areas have returned significant drill intersections which increase the known extent of mineralised structures that comprise the current Resource. Results include a 120m step-out from the Vein 13 Resource intersecting 2.0m @ 68.3g/t gold.
Near-mine exploration for alteration-hosted mineralisation with bulk mining potential is in progress. Testing of a banded iron target near Shaft 1 delivered an intersection grading 19.5m @ 3.3g/t gold, further demonstrating the potential for mineralisation amenable to bulk mining methods in the Pickle Crow area. Additional results on the targeted BIF drilling are expected during the quarter.
Follow-up drilling of the Carey prospect continues to define broad mineralisation outside of the initial discovery area. Key results include 4m @ 9.9g/t, 11.5m @ 1.5g/t and 7.0m @ 2g/t gold. Furthermore, a conceptual step-out 600m to the north-east of the Carey-Albany area intersected 0.5m @ 84g/t gold at a shallow depth of 8.2m down the hole.
Drilling of the Tyson discovery is in progress, with assay results expected during the current quarter and into 2022.
AuTECO Executive Chairman Ray Shorrocks said: “These drilling results are exceptional and pave the way for a Resource update in February next year.
“Drilling continues to define mineralisation well outside of the current 1.7Moz Resource.
‘The results also support our plan to establish higher and lower-grade areas which can be mined using different methods but would take advantage of the same access infrastructure and processing plant, delivering significant economic benefits.”
1 For details on the Pickle Crow Resource estimate, and all future references, please refer to ASX release dated 15 July 2021
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ABOUT THE EXPLORATION PROGRAM
Following the success of the previous 45,000 metre drill campaign that delivered a 71% increase in the Inferred Resource to 1.7 million ounces of gold at a grade of 8.1g/t, the board of AuTECO approved an additional 50,000 metres of drilling in June 2021. The dual strategy of driving nearmine Resource growth combined with early-stage exploration targeting will continue to be the focus of the drilling program (Figure 1). A Resource update as at 31 December 2021 is scheduled for release in February 2022.
To date 27,500m of the program has been completed for 63 drill holes. A fifth rig has recently commenced on site to take advantage of favourable drill access conditions during the Canadian winter. The additional rig also ensures that the 50,000 metre program is on track to conclude in Q1 2022 despite the delays in July-August 2021 due to wildfire risk. Assay turn-around is variable, with the average 3 month rolling average reducing to 21 days. This is significantly ahead of industry standards for assay turnaround time in both Canada and Australia at present.
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Figure 1: Current AuTECO strategic work plan and key objectives from July 2021 until the scheduled release of the year end Resource update in December 2021. Please note that timeframes are indicative.
EXPLORATION AND GEOLOGICAL DETAIL
Deposit Overview
Geological Setting
The Pickle Crow deposit is located in the Uchi-Birch sub-province of the Archean aged Superior Craton (Figure 2). AuTECO manages approximately 500 square kilometres of tenure in the northern Pickle Lake greenstone belt (Figure 3).
The Pickle Crow deposit is a typical Mesothermal narrow-vein high grade Archean orogenic gold deposit, with mineralised veins present within local structures formed within a broader Riedel shear zone.
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Figure 2: Location of the Pickle Crow deposit within the Uchi subprovince of the Superior Craton, Ontario, Canada
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Figure 3: Geology and mining claims managed by AuTECO in the northern Pickle Lake greenstone belt. Note all work has been conducted by AuTECO to date is within the orange box.
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Mineralisation and Historic Production
There are two main styles of mineralisation (Figure 4) at the Pickle Crow deposit:
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Quartz vein hosted mineralisation
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Alteration hosted mineralisation (BIF or Porphyry)
Mining at the Pickle Crow deposit between 1935 and 1966 produced 1.5Moz of gold at a head grade of 16.1g/t. The historic production was sourced entirely from the vein-style mineralisation, mined from more than 10 individual quartz reefs.
To date >30 individual veins have been identified proximal to underground shaft infrastructure (Shaft 1, Shaft 3, and Albany Shaft).
Exploration results in this report have been grouped based on proximity to the main historic shafts.
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Figure 4: Summary of mineralisation styles at the Pickle Crow gold deposit
Mineral Resource
The Inferred Mineral Resource for the Pickle Crow project as at 30 June 2021 is 6.6Mt @ 8.1g/t for 1.7Moz of gold (Table 1). The reported Resource was subdivided based on the mineralisation style.
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Table 1: Inferred Mineral Resource estimate for the Pickle Crow deposit as at 30 June 2021
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Drilling Strategy
The drilling strategy undertaken in recent months is consistent with the broader AuTECO organic growth plan (Figure 5).
A phased approach to drilling was undertaken, with initial work programs targeting new mineralisation outside of the existing Resource, followed by infill drilling aiming to add additional Resource.
Drilling between July and October focused on key extensional targets inside the patented mining claims, predominantly in the Shaft 3 area and at the newly discovered Tyson veins. Near mine exploration targets were also tested in the Shaft 1 and Albany-Carey area.
During November, the focus shifted to infill drilling of newly identified mineralisation that will culminate in a Resource update planned for release in February 2021.
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Figure 5: AuTECO organic growth pathway to March 2022. Please note that timeframes are indicative.
Shaft 1 and Shaft 3 Extension Drilling
Drilling on the Core Mine trend in the Shaft 3 and Shaft 1 areas has identified numerous mineralised vein-style structures outside of the current mineral Resource. Recent drill intersections returned include:
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2.0m @ 68.3g/t gold from 470.7m in hole AUDD0200 (136.6 gt*m)
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o2.1m @ 31.8g/t gold from 246.4m in hole AUDD0229 (66.8 gt*m)o4.1m @ 11.2g/t gold from 423.8m in hole AUDD0200 (45.3 gt*m)o4.7m @ 6.3g/t gold from 732.8m in hole AUDD0196 (29.6 gt*m)o2.4m @ 9.9g/t gold from 18.7m in hole AUDD0214 (23.3 gt*m)o3.1m @ 6.9g/t gold from 370.7m in hole AUDD0183 (20.9 gt*m)o9.4m @ 1.5g/t gold from 106.5m in hole AUDD0195 (14.4 gt*m)o1.0m @ 10.6g/t gold from 556.3m in hole AUDD0189 (10.6 gt*m)o0.3m @ 34.2g/t gold from 559.7m in hole AUDD0193 (10.3 gt*m)
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A plan map showing the collar locations of recent significant intersections in the Shaft 1 and Shaft 3 areas is presented in Figure 6.
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Figure 6: Location of recent significant drill intersections in the Shaft 1 and Shaft 3 areas.
Recent results include a 120m step-out hole drilled down plunge of the Vein 13 resource, with hole AUDD0200 intersecting 2.0m at 68.3g/t gold from 470.7m in vein style mineralisation (Figure 7). The veining cross cuts a conglomerate unit with semi-massive pyrite-pyrrhotite layers.
Step out drilling in the Shaft 1 area discovered a new vein that was previously unknown in hole AUDD0229. Mineralisation is contained in a quartz-carbonate-scheelite vein that contains visible gold within a sheared mafic volcanic unit. Figure 8 shows a photograph of the core with assays noted. Figure 9 is a photograph of the coarse visible gold observed in the drill core.
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Figure 7: Upper Photograph: drill core (with assays) from hole AUDD0200. The intersection graded 2.0m @ 68.3g/t gold. Lower Photograph: Close up showing coarse visible gold encountered a multi-phase quartz vein. The individual assay returned a grade of 437.1g/t gold
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Figure 8: Photograph of the intersection in hole AUDD0229 grading 2.1m @ 31.8g/t gold from 246.4m at Shaft 1. Gold occurs within quartz-carbonate-scheelite veins as small clusters (<5mm) and in blebs at the margin of shear veins.
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Figure 9: Photograph of coarse visible gold at the sheared vein margins in hole AUDD0229.
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Banded Iron (BIF) Hosted Alteration Mineralisation Exploration
A first-pass exploration campaign was undertaken to test the potential for broad alteration hosted mineralisation in an interpreted banded iron formation adjacent to the Core Mine Shear proximal to Vein 5 in the Shaft 1 area.
The assay results for the first hole in the program have been returned, with an intersection of 19.5m @ 3.3g/t gold successfully demonstrating the potential for mineralisation amenable to bulk mining (Figure 10 and 11).
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Figure 10: Map showing the location of BIF intersection in hole AUDD0220
Figure 11: Core photo of the BIF mineralisation in hole AUDD0220 (19.5m @ 3.3g/t) The consistent mineralisation is coincident with qtz, pyrrhotite, Py, +/- Asp
Further results from the BIF exploration program are expected during the quarter.
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Carey-Albany Drilling
Follow up drilling in the Carey discovery area continues to intersect shallow, broad widths of alteration hosted mineralisation combined with high grade vein hosted mineralisation (Figure 12). This continues to support the bulk mining potential of the Carey area. Recent intersections include:
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4.0m @ 9.9g/t gold from 266.6m in hole AUDD0194 (39.1 gt*m)
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o11.5m @ 1.5g/t gold from 163.5m in hole AUDD0181 (17.5 gt*m)o1.5m @ 10.3g/t gold from 90.4m in hole AUDD0180 (15.4 gt*m)o7.0m @ 2.0g/t gold from 289m in hole AUDD0188 (14.0 gt*m)
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Figure 12: Map of drillhole collars in the Carey-Albany area. AuTECO drilling is highlighted.
Hole AUDD0194 was drilled in the northern Carey-Albany area and successfully intersected 4.0m @ 9.9g/t gold in banded iron alteration hosted mineralisation (Figure 13)
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Figure 13: AUDD0194: 4.0m @ 9.9g/t gold from 266.6m. Mineralisation is alteration hosted and associated with pyrite replacement of iron minerals in Banded Iron Formation. Free gold was observed in the core as small 1mm size particles. Surrounding volcaniclastics exhibit strong sericite-ankerite-pyrite alteration.
An exploration hole was drilled ~600 metres north-east of Carey-Albany on the Core Mine shear trend (Figure 14). This drill hole intersected a shallow high-grade intersection of:
o 0.5m @ 84.0g/t gold from 8.2m in AUDD0167
(42.0 gt*m)
Further work is planned in the North Carey area during 2022.
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Figure 14: Location of exploration hole AUDD0167 that was drilled on the Core Mine Shear trend approximately 600 metres north of Carey-Albany. A result of 0.5m @ 84.0g/t gold from 8.2 metres down hole demonstrates the trend is fertile north of the Carey discovery.
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FORWARD WORK PLAN
Drilling is scheduled to continue with 5 drill rigs on site. The program for the remainder of 2021 will be focused predominantly in the near mine environment, with results expected to contribute to an updated Resource estimate anticipated for completion in February 2022.
Infill drilling of the Tyson discovery is in progress, with first results anticipated during the December quarter. The Tyson drilling will continue into the March quarter of 2022.
Regional exploration will accelerate in the January quarter as access to priority exploration targets is assisted by favourable conditions over the Canadian winter.
For and on behalf of the Board.
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Mr Ray Shorrocks Executive Chairman Auteco Minerals Ltd Phone: +61 8 9220 9030
Media:
Paul Armstrong Read Corporate +61 8 9388 1474
ABOUT AUTECO MINERALS
Auteco Minerals Ltd (ASX: AUT) is an emerging mineral exploration company focused on advancing high-grade gold resources at the Pickle Crow Gold Project in the world-class Uchi subprovince of Ontario, Canada.
The Pickle Crow Gold Project currently hosts a JORC 2012 Mineral Resource of 1.7 Moz at 8.1g/t gold, with a 50,000m drilling program underway to expedite Resource growth.
Pickle Crow is one of Canada’s highest-grade gold mines – historically producing 1.5 Moz at 16g/t gold.
The Company also has a joint venture on the Limestone Well Vanadium-Titanium Project in Western Australia.
For further information regarding Auteco Minerals Ltd please visit the ASX platform (ASX:AUT) or the Company’s website https://www.autecominerals.com
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COMPETENT PERSONS STATEMENT
Certain Exploration Results referred to in this announcement were first reported in accordance with ASX Listing Rule 5.7 in the Company's announcements of 28/01/2020, 26/03/2020, 29/06/2020, 01/09/2020, 11/11/2020, 19/01/2021, 7/04/2021, 16/06/2021, 15/07/2021, 2/8/2021 and 5/10/2021. Auteco confirms that it is not aware of any new information or data that materially affects the information included in the original announcements. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcements.
The information in this announcement that relates to new Exploration Results is based on and fairly represents information and supporting information compiled by Mr Marcus Harden, who is a Member of the Australasian Institute of Geoscientists. Mr Harden is an employee of the Company and has sufficient experience in the style of mineralisation and type of deposit under consideration and qualifies 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 Harden holds securities in Auteco Minerals Limited and consents to the inclusion of all technical statements based on his information in the form and context in which it appears.
NOTE
As announced on 15 July 2021, "Resource increases 71% to 1.7Moz", Auteco confirms that it is not aware of any new information or data that materially affects the information included in the original announcement and that all material assumptions and technical parameters underpinning the estimates in the original announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have not been materially modified from the original market announcement.
DISCLAIMER
References to previous ASX announcements should be read in conjunction with this release.
FORWARD LOOKING INFORMATION
Various statements in this announcement constitute statements relating to intentions, future acts and events. Such statements are generally classified as “forward looking statements” and involve known and unknown risks, uncertainties and other important factors that could cause those future acts, events and circumstances to differ materially from what is presented or implicitly portrayed herein. The Company gives no assurances that the anticipated results, performance or achievements expressed or implied in these forward-looking statements will be achieved.
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APPENDIX A: DRILLING RESULTS
TABLE 1: Significant Intercept Table – Auteco Drilling
Cut-off grade of 1 g/t Gold allowing for 1m internal dilution (NSI – No significant Intercept). All cords in UTM NAD 83 z15
| Hole No. | Easting | Northing | Elevation | Azimuth | Dip | Drilled Length |
From | To | Width | Assay | Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | g/t Au | |||||||
| AUDD0150 | 705964 | 5711328 | 350 | 200 | 50 | 252 | 83.75 | 84.75 | 1.00 | 1.28 | |
| 126.05 | 127.00 | 0.95 | 1.11 | ||||||||
| 140.30 | 150.10 | 9.80 | 3.07 | ||||||||
| 190.30 | 190.70 | 0.40 | 9.04 | ||||||||
| 237.45 | 237.80 | 0.35 | 1.13 | ||||||||
| AUDD0164 | 704485 | 5710851 | 340 | 160 | 57 | 585 | 215.75 | 216.05 | 0.30 | 5.55 | |
| AUDD0167 | 706648 | 5712082 | 345 | 320 | 50 | 144 | 8.15 | 8.65 | 0.50 | 84.00 | |
| 88.55 | 89.65 | 1.10 | 0.96 | ||||||||
| AUDD0168 | 705615 | 5711100 | 351 | 180 | 55 | 267 | 101.80 | 102.30 | 0.50 | 1.87 | |
| AUDD0169 | 705146 | 5711502 | 338 | 180 | 78 | 621 | 127.50 | 129.50 | 2.00 | 2.69 | |
| 152.60 | 153.60 | 1.00 | 1.91 | ||||||||
| 223.60 | 224.60 | 1.00 | 1.13 | ||||||||
| 267.85 | 269.20 | 1.35 | 2.62 | ||||||||
| 320.60 | 320.90 | 0.30 | 5.26 | ||||||||
| 587.20 | 587.55 | 0.35 | 2.27 | ||||||||
| AUDD0173 | 704549 | 5710828 | 340 | 160 | 62 | 600 | 213.00 | 213.35 | 0.35 | 4.33 | |
| 219.80 | 221.95 | 2.15 | 2.08 | ||||||||
| 229.20 | 230.00 | 0.80 | 1.01 | ||||||||
| 256.65 | 257.05 | 0.40 | 2.27 | ||||||||
| 266.70 | 267.30 | 0.60 | 2.32 | ||||||||
| 284.40 | 284.80 | 0.40 | 2.24 | ||||||||
| 355.35 | 355.65 | 0.30 | 1.06 | ||||||||
| 447.50 | 447.80 | 0.30 | 1.81 | ||||||||
| 466.55 | 467.30 | 0.75 | 1.05 | ||||||||
| 566.50 | 572.05 | 5.55 | 4.09 | ||||||||
| 575.95 | 576.80 | 0.85 | 2.48 | ||||||||
| 578.25 | 581.05 | 2.80 | 17.86 | ||||||||
| AUDD0174 | 706548 | 5711976 | 348 | 180 | 45 | 171 | 24.10 | 24.50 | 0.40 | 1.81 | |
| 107.60 | 107.90 | 0.30 | 1.12 | ||||||||
| AUDD0175 | 706477 | 5711848 | 348 | 160 | 45 | 87 | NSA | ||||
| AUDD0176 | 705559 | 5711261 | 357 | 180 | 57 | 411 | 81.75 | 82.30 | 0.55 | 1.02 | |
| 94.60 | 94.90 | 0.30 | 1.76 | ||||||||
| 193.80 | 194.20 | 0.40 | 1.14 | ||||||||
| 277.40 | 279.20 | 1.80 | 3.23 | ||||||||
| 388.50 | 388.85 | 0.35 | 4.10 | ||||||||
| AUDD0177 | 706205 | 5711651 | 347 | 180 | 60 | 282 | 88.20 | 89.10 | 0.90 | 1.27 | |
| 214.00 | 214.35 | 0.35 | 1.59 | ||||||||
| 245.50 | 246.00 | 0.50 | 1.50 |
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| Hole No. | Easting | Northing | Elevation | Azimuth | Dip | Drilled Length |
From | To | Width | Assay | Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | g/t Au | |||||||
| AUDD0178 | 704489 | 5711151 | 338 | 160 | 57 | 861 | 49.15 | 49.65 | 0.50 | 1.06 | |
| 262.80 | 263.10 | 0.30 | 17.40 | ||||||||
| 433.30 | 433.65 | 0.35 | 1.38 | ||||||||
| 514.05 | 518.90 | 4.85 | 4.70 | ||||||||
| inc: | 514.05 | 516.10 | 2.05 | 10.43 | |||||||
| 526.30 | 526.90 | 0.60 | 2.19 | ||||||||
| 528.90 | 529.30 | 0.40 | 2.16 | ||||||||
| 534.60 | 535.70 | 1.10 | 4.09 | ||||||||
| 567.15 | 567.45 | 0.30 | 1.19 | ||||||||
| 572.35 | 572.70 | 0.35 | 1.04 | ||||||||
| 574.90 | 577.00 | 2.10 | 2.03 | ||||||||
| 604.30 | 604.75 | 0.45 | 3.27 | ||||||||
| 609.00 | 609.90 | 0.90 | 6.92 | ||||||||
| 619.60 | 620.10 | 0.50 | 2.33 | ||||||||
| 590.60 | 592.00 | 1.40 | 1.06 | ||||||||
| AUDD0179 | 704586 | 5710883 | 340 | 160 | 62 | 606 | 22.30 | 22.60 | 0.30 | 2.38 | |
| 280.70 | 281.00 | 0.30 | 1.70 | ||||||||
| 289.00 | 289.50 | 0.50 | 2.01 | ||||||||
| 340.00 | 340.30 | 0.30 | 1.11 | ||||||||
| 343.40 | 343.70 | 0.30 | 18.90 | ||||||||
| 395.55 | 395.95 | 0.40 | 3.37 | ||||||||
| 402.90 | 403.20 | 0.30 | 8.70 | ||||||||
| 426.55 | 427.95 | 1.40 | 2.44 | ||||||||
| 431.95 | 432.90 | 0.95 | 14.08 | ||||||||
| 463.50 | 463.80 | 0.30 | 7.77 | ||||||||
| AUDD0180 | 706,178 | 5,711,511 | 347 | 0 | 55 | 348 | 9.00 | 10.00 | 1.00 | 1.01 | |
| 16.00 | 16.75 | 0.75 | 2.10 | ||||||||
| 62.00 | 64.00 | 2.00 | 1.56 | ||||||||
| 90.35 | 91.85 | 1.50 | 10.28 | ||||||||
| 109.00 | 110.00 | 1.00 | 1.62 | ||||||||
| 273.00 | 274.10 | 1.10 | 6.73 | ||||||||
| 286.80 | 288.15 | 1.35 | 6.98 | ||||||||
| 324.00 | 324.30 | 0.30 | 15.00 | ||||||||
| AUDD0181 | 705,755 | 5,711,177 | 351 | 30 | 55 | 509.5 | 41.00 | 42.00 | 1.00 | 1.23 | |
| 91.35 | 94.30 | 2.95 | 1.37 | ||||||||
| 128.85 | 129.20 | 0.35 | 1.75 | ||||||||
| 137.00 | 138.00 | 1.00 | 1.37 | ||||||||
| 141.05 | 141.90 | 0.85 | 1.10 | ||||||||
| 149.70 | 150.00 | 0.30 | 1.51 | ||||||||
| 153.30 | 154.30 | 1.00 | 1.53 | ||||||||
| 163.50 | 175.00 | 11.50 | 1.52 | ||||||||
| 1819.00 | 182.45 | 0.55 | 1.64 |
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| Hole No. | Easting | Northing | Elevation | Azimuth | Dip | Drilled Length |
From | To | Width | Assay | Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | g/t Au | |||||||
| 225.60 | 227.30 | 1.70 | 0.89 | ||||||||
| 336.55 | 337.00 | 0.45 | 2.44 | ||||||||
| 416.40 | 417.20 | 0.80 | 2.56 | ||||||||
| AUDD0182 | 705,898 | 5,711,415 | 361 | 210 | 55 | 405 | 23.30 | 24.15 | 0.85 | 7.54 | |
| 28.00 | 28.35 | 0.35 | 1.62 | ||||||||
| 41.40 | 41.95 | 0.55 | 1.85 | ||||||||
| 227.40 | 228.65 | 1.25 | 2.25 | ||||||||
| 305.80 | 306.20 | 0.40 | 1.23 | ||||||||
| 340.30 | 341.15 | 0.85 | 3.35 | ||||||||
| AUDD0183 | 704,857 | 5,711,397 | 341 | 180 | 56 | 636 | 47.45 | 48.05 | 0.60 | 1.11 | |
| 78.70 | 79.80 | 1.10 | 1.76 | ||||||||
| 113.15 | 114.35 | 1.20 | 2.33 | ||||||||
| 257.95 | 258.25 | 0.30 | 3.08 | ||||||||
| 312.25 | 312.55 | 0.30 | 1.86 | ||||||||
| 370.65 | 373.70 | 3.05 | 6.86 | ||||||||
| 379.75 | 380.05 | 0.30 | 3.80 | ||||||||
| 404.80 | 405.80 | 1.00 | 4.26 | ||||||||
| 503.85 | 504.85 | 1.00 | 1.09 | ||||||||
| 636.65 | 636.95 | 0.30 | 1.66 | ||||||||
| AUDD0184 | 704,586 | 5,710,868 | 342 | 160 | 72 | 564 | 75.45 | 75.95 | 0.50 | 2.55 | Partial Assay |
| 93.45 | 93.80 | 0.35 | 4.35 | ||||||||
| 113.70 | 114.20 | 0.50 | 1.27 | ||||||||
| 122.05 | 123.90 | 1.85 | 1.09 | ||||||||
| 146.90 | 147.95 | 1.05 | 1.66 | ||||||||
| 152.35 | 153.95 | 1.60 | 1.96 | ||||||||
| 231.40 | 231.80 | 0.40 | 1.65 | ||||||||
| 235.00 | 236.50 | 1.50 | 2.04 | ||||||||
| 271.65 | 274.00 | 2.35 | 1.29 | ||||||||
| 281.40 | 281.70 | 0.30 | 1.54 | ||||||||
| 333.15 | 333.45 | 0.30 | 1.31 | ||||||||
| 359.20 | 359.80 | 0.60 | 2.16 | ||||||||
| 374.70 | 375.05 | 0.35 | 1.58 | ||||||||
| 385.00 | 385.30 | 0.30 | 1.07 | ||||||||
| 389.95 | 390.30 | 0.35 | 1.08 | ||||||||
| 455.00 | 455.50 | 0.50 | 88.70 | ||||||||
| 532.25 | 533.05 | 0.80 | 1.09 | ||||||||
| AUDD0185 | 705,899 | 5,711,414 | 360 | 140 | 55 | 312 | 32.00 | 35.45 | 3.45 | 1.16 | |
| 38.30 | 38.75 | 0.45 | 2.71 | ||||||||
| 68.65 | 70.45 | 1.80 | 2.27 | ||||||||
| 109.00 | 111.85 | 2.85 | 2.19 | ||||||||
| 136.05 | 136.85 | 0.80 | 1.52 | ||||||||
| 161.10 | 161.40 | 0.30 | 1.07 |
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| Hole No. | Easting | Northing | Elevation | Azimuth | Dip | Drilled Length |
From | To | Width | Assay | Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | g/t Au | |||||||
| 193.65 | 193.95 | 0.30 | 13.00 | ||||||||
| 236.20 | 236.65 | 0.45 | 1.54 | ||||||||
| 241.05 | 245.10 | 4.05 | 2.32 | ||||||||
| 269.00 | 269.60 | 0.60 | 14.82 | ||||||||
| AUDD0186 | 705,899 | 5,711,323 | 355 | 210 | 55 | 288 | 79.40 | 79.75 | 0.35 | 1.20 | Partial Assay |
| 93.70 | 94.00 | 0.30 | 1.15 | ||||||||
| 140.95 | 142.55 | 1.60 | 2.09 | ||||||||
| 211.00 | 211.50 | 0.50 | 1.87 | ||||||||
| AUDD0187 | 704,604 | 5,710,821 | 342 | 160 | 55 | 429 | 164.25 | 169.00 | 4.75 | 1.07 | Partial Assay |
| AUDD0188 | 705,814 | 5,711,349 | 359 | 210 | 55 | 315 | 17.35 | 18.60 | 1.25 | 3.74 | |
| 72.15 | 73.00 | 0.85 | 1.84 | ||||||||
| 89.50 | 90.60 | 1.10 | 1.27 | ||||||||
| 95.80 | 96.65 | 0.85 | 2.81 | ||||||||
| 120.60 | 121.10 | 0.50 | 1.69 | ||||||||
| 159.00 | 159.50 | 0.50 | 2.07 | ||||||||
| 185.80 | 186.50 | 0.70 | 10.00 | ||||||||
| 199.70 | 200.00 | 0.30 | 15.00 | ||||||||
| 204.00 | 205.00 | 1.00 | 1.68 | ||||||||
| 233.40 | 234.20 | 0.80 | 2.85 | ||||||||
| 257.10 | 257.80 | 0.70 | 2.28 | ||||||||
| 274.00 | 276.00 | 2.00 | 1.84 | ||||||||
| 289.00 | 296.00 | 7.00 | 1.98 | ||||||||
| AUDD0189 | 704,857 | 5,711,397 | 341 | 180 | 65 | 699 | 345.25 | 346.25 | 1.00 | 1.27 | |
| 443.40 | 445.00 | 1.60 | 2.75 | ||||||||
| 456.50 | 458.70 | 2.20 | 2.36 | ||||||||
| 470.70 | 471.00 | 0.30 | 1.33 | ||||||||
| 524.50 | 525.00 | 0.50 | 1.21 | ||||||||
| 547.00 | 547.35 | 0.35 | 2.43 | ||||||||
| 556.25 | 557.25 | 1.00 | 10.60 | ||||||||
| 578.40 | 578.80 | 0.40 | 4.40 | ||||||||
| AUDD0190 | 704,645 | 5,710,713 | 342 | 160 | 55 | 305 | 110.55 | 110.85 | 0.30 | 3.71 | |
| 113.60 | 114.25 | 0.65 | 1.22 | ||||||||
| AUDD0192 | 705,867 | 5,711,371 | 358 | 140 | 55 | 309 | 15.05 | 15.00 | 0.75 | 1.51 | |
| 41.95 | 46.65 | 4.70 | 1.27 | ||||||||
| 82.75 | 84.30 | 1.55 | 6.04 | ||||||||
| 90.80 | 91.80 | 1.00 | 1.11 | ||||||||
| 82.75 | 100.70 | 17.95 | 1.00 | ||||||||
| 133.65 | 134.65 | 1.00 | 1.69 | ||||||||
| 157.45 | 169.30 | 11.85 | 1.15 | ||||||||
| 199.35 | 200.30 | 0.95 | 2.38 | ||||||||
| AUDD0193 | 704,488 | 5,709,717 | 351 | 277 | 77 | 654 | 236.30 | 236.70 | 0.40 | 2.08 | |
| 559.65 | 559.95 | 0.30 | 34.20 |
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| Hole No. | Easting | Northing | Elevation | Azimuth | Dip | Drilled Length |
From | To | Width | Assay | Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | g/t Au | |||||||
| 644.80 | 645.20 | 0.40 | 1.76 | ||||||||
| AUDD0194 | 706,152 | 5,711,627 | 355 | 180 | 65 | 351 | 27.85 | 28.55 | 0.70 | 1.63 | |
| 129.00 | 129.35 | 0.35 | 12.00 | ||||||||
| 215.95 | 216.25 | 0.30 | 1.08 | ||||||||
| 250.75 | 251.05 | 0.30 | 9.81 | ||||||||
| 266.55 | 270.50 | 3.95 | 9.89 | ||||||||
| 283.00 | 283.95 | 0.95 | 3.60 | ||||||||
| AUDD0195 | 704,800 | 5,711,360 | 339 | 180 | 56 | 645 | 106.50 | 115.85 | 9.35 | 1.54 | Partial Assay |
| 289.80 | 290.20 | 0.40 | 1.33 | ||||||||
| 339.80 | 340.40 | 0.60 | 3.53 | ||||||||
| 357.00 | 359.00 | 2.00 | 2.20 | ||||||||
| 385.25 | 385.55 | 0.30 | 1.12 | ||||||||
| 409.70 | 410.00 | 0.30 | 1.06 | ||||||||
| 571.10 | 571.40 | 0.30 | 3.56 | ||||||||
| 589.85 | 590.30 | 0.45 | 1.15 | ||||||||
| 620.00 | 621.00 | 1.00 | 3.81 | ||||||||
| AUDD0196 | 704,503 | 5,709,717 | 350 | 764 | 77 | 284 | 732.80 | 737.50 | 4.70 | 6.27 | |
| AUDD0197 | 706,272 | 5,711,683 | 346 | 180 | 55 | 369 | 23.80 | 24.25 | 0.45 | 1.39 | Partial Assay |
| 31.00 | 32.00 | 1.00 | 1.11 | ||||||||
| AUDD0198 | 704,083 | 5,710,174 | 343 | 145 | 45 | 252 | NSA | ||||
| AUDD0199 | 704,474 | 5,710,476 | 345 | 160 | 55 | 351 | Awaiting Assay | ||||
| AUDD0200 | 705,308 | 5,710,898 | 344 | 260 | 70 | 510 | 181.35 | 182.15 | 0.80 | 2.09 | |
| 246.25 | 246.60 | 0.35 | 4.06 | ||||||||
| 262.75 | 268.35 | 5.60 | 1.09 | ||||||||
| 423.75 | 427.80 | 4.05 | 11.19 | ||||||||
| 449.85 | 450.15 | 0.30 | 9.43 | ||||||||
| 463.30 | 463.90 | 0.60 | 2.78 | ||||||||
| 465.85 | 466.25 | 0.40 | 1.44 | ||||||||
| 470.70 | 472.70 | 2.00 | 68.28 | ||||||||
| inc: | 471.30 | 471.60 | 0.30 | 437.10 | |||||||
| 489.05 | 489.40 | 0.35 | 1.22 | ||||||||
| AUDD0201 | 703,640 | 5,709,032 | 352 | 180 | 55 | 249 | 29.70 | 30.00 | 0.30 | 6.12 | |
| 64.50 | 66.40 | 1.90 | 3.37 | ||||||||
| 133.00 | 133.90 | 0.90 | 2.61 | ||||||||
| 192.10 | 196.70 | 4.60 | 2.74 | ||||||||
| 232.90 | 233.25 | 0.35 | 1.23 | ||||||||
| AUDD0202 | 704,920 | 5,711,393 | 339 | 180 | 65 | 694 | 429.60 | 431.15 | 1.55 | 3.66 | Partial Assay |
| 460.00 | 461.05 | 1.05 | 1.36 | ||||||||
| 498.40 | 499.00 | 0.60 | 2.09 | ||||||||
| 648.75 | 649.45 | 0.70 | 1.59 | ||||||||
| 653.05 | 653.40 | 0.35 | 3.78 | ||||||||
| 666.30 | 671.00 | 4.20 | 1.05 |
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| Hole No. | Easting | Northing | Elevation | Azimuth | Dip | Drilled Length |
From | To | Width | Assay | Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | g/t Au | |||||||
| AUDD0203 | 704,640 | 5,710,000 | 347 | 145 | 65 | 165 | 78.30 | 80.10 | 1.80 | 1.61 | Partial Assay |
| AUDD0204 | 704,640 | 5,710,000 | 347 | 195 | 75 | 145 | 107.10 | 107.50 | 0.40 | 1.04 | |
| 112.90 | 113.20 | 0.30 | 1.15 | ||||||||
| 115.20 | 115.65 | 0.45 | 1.57 | ||||||||
| 116.60 | 116.90 | 0.30 | 2.36 | ||||||||
| AUDD0205 | 703,958 | 5,709,804 | 342 | 145 | 60 | 264 | Awaiting Assay | ||||
| AUDD0206 | 703,688 | 5,709,031 | 352 | 180 | 55 | 261 | Awaiting Assay | ||||
| AUDD0207 | 704,623 | 5,710,770 | 341 | 160 | 55 | 483 | Awaiting Assay | ||||
| AUDD0208 | 703,740 | 5,709,055 | 352 | 180 | 55 | 258 | Awaiting Assay | ||||
| AUDD0209 | 704,343 | 5,710,965 | 339 | 165 | 68 | 801 | Awaiting Assay | ||||
| AUDD0210 | 704,226 | 5,710,554 | 342 | 160 | 65 | 645 | Awaiting Assay | ||||
| AUDD0211 | 704,694 | 5,710,407 | 343 | 180 | 65 | 387 | Awaiting Assay | ||||
| AUDD0212 | 704,294 | 5,709,580 | 350 | 240 | 55 | 111 | Awaiting Assay | ||||
| AUDD0213 | 704,349 | 5,710,467 | 344 | 160 | 55 | 471 | Awaiting Assay | ||||
| AUDD0214 | 705,308 | 5,710,898 | 344 | 260 | 65 | 600 | 18.65 | 21.00 | 2.35 | 9.90 | Partial Assay |
| AUDD0215 | 704,269 | 5,710,478 | 343 | 160 | 55 | 537 | Awaiting Assay | ||||
| AUDD0216 | 704,332 | 5,710,525 | 343 | 160 | 55 | 531 | Awaiting Assay | ||||
| AUDD0217 | 705,308 | 5,710,898 | 344 | 260 | 77 | 624 | Awaiting Assay | ||||
| AUDD0218 | 704,512 | 5,710,885 | 340 | 160 | 65 | 712 | Awaiting Assay | ||||
| AUDD0219 | 704,482 | 5,710,961 | 339 | 162 | 62 | 822 | Awaiting Assay | ||||
| AUDD0220 | 703,965 | 5,709,717 | 342 | 175 | 65 | 382 | 340.70 | 360.15 | 19.45 | 3.25 | Partial Assay |
| AUDD0221 | 705,308 | 5,710,898 | 344 | 280 | 65 | 528 | Awaiting Assay | ||||
| AUDD0222 | 705,308 | 5,710,898 | 344 | 284 | 70 | 522 | Awaiting Assay | ||||
| AUDD0223 | 704,381 | 5,709,744 | 350 | 300 | 60 | 372 | 289 | Awaiting Assay | |||
| AUDD0224 | 704,073 | 5,709,640 | 349 | 140 | 65 | 235 | 180 | Awaiting Assay | |||
| AUDD0225 | 703,509 | 5,709,006 | 351 | 180 | 45 | 305 | 300 | Awaiting Assay | |||
| AUDD0226 | 704,287 | 5,710,585 | 342 | 160 | 60 | 644 | Awaiting Assay | ||||
| AUDD0227 | 705,308 | 5,710,898 | 344 | 289 | 75 | 690 | Awaiting Assay | ||||
| AUDD0228 | 703,509 | 5,709,006 | 351 | 180 | 60 | 306 | Awaiting Assay | ||||
| AUDD0229 | 704,431 | 5,709,686 | 350 | 300 | 58 | 462 | 93.35 | 94.30 | 0.95 | 7.06 | Partial Assay |
| 246.40 | 248.50 | 2.10 | 31.84 |
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APPENDIX B - JORC CODE, 2012 EDITION
Table 1 – JORC Code 2012 Edition
Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections.)
| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Sampling techniques | • | Nature and quality of sampling (eg cut | • | Drilling since 2008, quoted with PC- prefix is from PC |
| channels, random chips, or specific | Gold exploration with NQ diameter (47.6mm) drill core | |||
| specialised industry standard | was recovered from drilling. Noramco drilling, CP- prefix | |||
| measurement tools appropriate to the | is BQ diameter (36.5mm). All other quoted intercepts and | |||
| minerals under investigation, such as | the bulk of historical drilling data is of NQ diameter | |||
| down hole gamma sondes, or handheld | including Auteco drilling subject to this release (prefix | |||
| XRF instruments, etc). These examples | AUDD**). | |||
| should not be taken as limiting the | • | The core was sawn in half following a sample cutting line | ||
| broad meaning of sampling. | determined by geologists during logging and submitted | |||
| • | Include reference to measures taken to | for analysis on nominal 1m (1ft for historical drillholes) | ||
| ensure sample representivity and the | intervals or defined by geological boundaries determined | |||
| appropriate calibration of any | by the logging geologist. | |||
| measurement tools or systems used. | • | Samples from PC Gold holes (PC- prefix) post 2008 were | ||
| • | Aspects of the determination of | submitted to ALS Chemex in Thunder Bay and North | ||
| mineralisation that are Material to the | Vancouver for analysis. Samples were prepared for | |||
| Public Report. | analysis using a jaw crusher which was cleaned with a | |||
| • | In cases where ‘industry standard’ work | silica abrasive between samples resulting in 90% of the | ||
| has been done this would be relatively | sample passing through an 8 mesh screen. A split of the | |||
| simple (eg ‘reverse circulation drilling | crushed sample weighing 1000g was then pulverised to | |||
| was used to obtain 1m samples from | 90% passing a 150 mesh screen. Sample pulps were | |||
| which 3 kg was pulverised to produce a | analysed for gold by Fire Assay using 50g sample charge | |||
| 30 g charge for fire assay’). In other | with atomic absorption spectroscopy (AAS) finish. If the | |||
| cases, more explanation may be | returned assay result was equal to or greater than 5g/t | |||
| required, such as where there is coarse | then the sample was reassayed by Fire Assay with a | |||
| gold that has inherent sampling | gravimetric finish. Samples from historical diamond | |||
| problems. Unusual commodities or | drilling programs conducted between 1981 and 2008 | |||
| mineralisation types (eg submarine | were dispatched to a variety of accredited laboratories in | |||
| nodules) may warrant disclosure of | Canada for Fire Assay analysis. Historical drill results | |||
| detailed information. | prior to 1981are Fire Assay conducted by unknown | |||
| laboratories (most likely the mine laboratory during the | ||||
| operational life of the Pickle Crow Mine) and with | ||||
| unknown preparation methods and assay charge, | ||||
| however previous operators have duplicated and verified | ||||
| results. Recent sampling by Auteco minerals on drill | ||||
| holes subject to this release (prefix AUDD**) were | ||||
| submitted to AGAT Laboratories, Thunder Bay for | ||||
| analysis. Auteco samples undergo the same preparation | ||||
| and analysis techniques previously used for PC Gold. | ||||
| • | All samples >10g/t gold and samples collected from PC | |||
| gold drilling (PC- prefix) suspected of nugget gold were | ||||
| additionally sent for pulp metallics analysis. | ||||
| • | For a more complete discussion of historical sampling | |||
| techniques see document ‘Updated Mineral Resource | ||||
| Estimate for the Pickle Crow Property, Patricia Mining | ||||
| Division, Northwestern Ontario, Canada’ NI-43-101 dated | ||||
| 15 June 2018 and available from System for Electronic | ||||
| Document Analysis and Retrieval (www.sedar.com) for | ||||
| First MiningInc. | ||||
| Drilling techniques | • | Drill type (eg core, reverse circulation, | • | Drilling quoted with PC- prefix is from PC Gold |
| open-hole hammer, rotary air blast, | exploration with NQ diameter (47.6mm) drill core was | |||
| auger, Bangka, sonic, etc) and details | recovered from drilling. Noramco drilling, CP- prefix is | |||
| (eg core diameter, triple or standard | BQ diameter (36.5mm). All other drilling is NQ diameter | |||
| tube, depth of diamond tails, face- | including Auteco drilling subject to this release (prefix | |||
| sampling bit or other type, whether | AUDD**). |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| core is oriented and if so, by what | ||||
| method,etc). | ||||
| Drill sample recovery | • | Method of recording and assessing | • | All drilling quoted is NQ diamond core (including Auteco |
| core and chip sample recoveries and | drilling subject to this release -prefix AUDD**) with the | |||
| results assessed. | exception of Noramco drillholes (CP- prefix). RQD was | |||
| • | Measures taken to maximise sample | recorded for all diamond drilling as per industry | ||
| recovery and ensure representative | standard. A review of the available diamond drill core | |||
| nature of the samples. | RQD’s from the Pickle Crow project (PC- prefix and | |||
| • | Whether a relationship exists between | recently completed Auteco drilling - AUDD* prefix) | ||
| sample recovery and grade and | indicated that nearly all of the holes produced excellent | |||
| whether sample bias may have | recoveries with an average of >90%. For drilling | |||
| occurred due to preferential loss/gain | conducted by other operators recoveries are unknown | |||
| of fine/coarse material. | although reports do not highlight significant core loss. | |||
| • | A review of RQD results does not highlight a relationship | |||
| between sample recovery and grade or highlight any | ||||
| sample bias due to loss of material. | ||||
| Logging | • | Whether core and chip samples have | • | All PC Gold and Auteco samples (PC- and AUDD* hole |
| been geologically and geotechnically | prefix) were geologically logged. Lithology, veining, | |||
| logged to a level of detail to support | alteration, mineralisation and weathering are all recorded | |||
| appropriate Mineral Resource | in the geology table of the drill hole database. Other | |||
| estimation, mining studies and | historical drillholes have been similarly logged and | |||
| metallurgical studies. | records have been digitised from report format. | |||
| • | Whether logging is qualitative or | • | Geological logging of Diamond Core samples is | |
| quantitative in nature. Core (or costean, | qualitative and descriptive in nature. | |||
| channel, etc) photography. | • | All holes quoted have been logged in their entirety. | ||
| • | The total length and percentage of the | |||
| relevant intersections logged. | ||||
| Sub-sampling techniques and | • | If core, whether cut or sawn and | • | All drilling quoted from PC Gold and Auteco exploration |
| sample preparation | whether quarter, half or all core taken. | (PC-and AUDD* hole prefix) is.NQ diameter (47.6mm) | ||
| • | If non-core, whether riffled, tube | drill core recovered from drilling. All other quoted | ||
| sampled, rotary split, etc and whether | intercepts are NQ diameter with the exception of | |||
| sampled wet or dry. | Noramco drilling (CP- Prefix) which is BQ (36.5mm) | |||
| • | For all sample types, the nature, quality | diameter. The core was sawn in half following a sample | ||
| and appropriateness of the sample | cutting line determined by geologists during logging and | |||
| preparation technique. | submitted for analysis on nominal 1m (or 1ft) intervals or | |||
| • | Quality control procedures adopted for | defined by geological boundaries determined by the | ||
| all sub-sampling stages to maximise | logging geologist. | |||
| representivity of samples. | • | This sampling technique is industry standard and | ||
| • | Measures taken to ensure that the | deemed appropriate. | ||
| sampling is representative of the in-situ | • | PC Gold QA/QC protocols include the use of crush | ||
| material collected, including for | duplicates, ¼ core field duplicates, the insertion of | |||
| instance results for field | certified reference materials (CRM’s) including low, | |||
| duplicate/second-half sampling. | medium and high-grade standards and coarse blanks. | |||
| • | Whether sample sizes are appropriate | This was accomplished by inserting the QA/QC samples | ||
| to the grain size of the material being | sequentially in the drill core sample numbering system. | |||
| sampled. | One set of the four QA/QC types were inserted every 30 | |||
| samples consisting of 1 crush duplicate, 1 ¼ split field | ||||
| duplicate, 1 CRM (altering between low, medium and | ||||
| high standard) and 1 blank. This resulted in | ||||
| approximately every seventh sample being a QA/QC | ||||
| sample. Auteco minerals (AUDD* prefix holes) follows | ||||
| the same QA/QC protocols but with CRM’s and | ||||
| duplicates inserted every 25 samples. QAQC procedures | ||||
| are not disclosed in previous reporting but results are | ||||
| consistent with visual observations of mineralisation as | ||||
| recorded in the geological logs and qualitative | ||||
| proportions of logged veining and sulphide content. Post- | ||||
| Mining Pickle Crow Property operators employed the | ||||
| usual in-laboratory blanks, standards and duplicate | ||||
| analyses to ensure precision and accuracy of results. | ||||
| Whist there is no documentation available for earlier |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| results sample duplicate verification has been | ||||
| conducted. | ||||
| • | Sample size is deemed industry standard for Orogenic | |||
| Gold deposits. | ||||
| • | For a more complete discussion of historical sampling | |||
| techniques and sample preparation see document | ||||
| ‘Updated Mineral Resource Estimate for the Pickle Crow | ||||
| Property, Patricia Mining Division, Northwestern Ontario, | ||||
| Canada’ NI-43-101 dated 15 June 2018 and available | ||||
| from System for Electronic Document Analysis and | ||||
| Retrieval(www.sedar.com)for First MiningInc. | ||||
| Quality of assay data and | • | The nature, quality and appropriateness | • |
Samples were submitted to ALS Chemex in Thunder Bay |
| laboratory tests | of the assaying and laboratory | and North Vancouver for analysis. Samples were | ||
| procedures used and whether the | prepared for analysis using a jaw crusher which was | |||
| technique is considered partial or total. | cleaned with a silica abrasive between samples resulting | |||
| • | For geophysical tools, spectrometers, | in 90% of the sample passing through an 8 mesh screen. | ||
| handheld XRF instruments, etc, the | A split of the crushed sample weighing 1000g was then | |||
| parameters used in determining the | pulverised to 90% passing a 150 mesh screen. Sample | |||
| analysis including instrument make and | pulps were analysed for gold by Fire Assay using 50g | |||
| model, reading times, calibrations | sample charge with atomic absorption spectroscopy | |||
| factors applied and their derivation, etc. | (AAS) finish. If the returned assay result was equal to or | |||
| • | Nature of quality control procedures | greater than 5g/t then the sample was reassayed by Fire | ||
| adopted (eg standards, blanks, | Assay with a gravimetric finish. . Samples from historical | |||
| duplicates, external laboratory checks) | diamond drilling programs conducted between 1981 and | |||
| and whether acceptable levels of | 2008 were dispatched to a variety of accredited | |||
| accuracy (i.e. lack of bias) and | laboratories in Canada for Fire Assay analysis. Historical | |||
| precision have been established. | drill results prior to 1981are Fire Assay conducted by | |||
| unknown laboratories (most likely the mine laboratory | ||||
| during the operational life of the Pickle Crow Mine) and | ||||
| with unknown preparation methods and assay charge, | ||||
| however previous operators have duplicated and verified | ||||
| results. Recent sampling by Auteco minerals on drill | ||||
| holes subject to this release (prefix AUDD**) were | ||||
| submitted to AGAT Laboratories, Thunder Bay for | ||||
| analysis. Auteco samples undergo the same preparation | ||||
| and analysis techniques previously used for PC Gold. | ||||
| • | In addition to the Company QAQC samples (described | |||
| earlier) included within the batch the laboratory included | ||||
| its own CRM’s (Certified Reference Materials), blanks | ||||
| and duplicates. | ||||
| • | Sample assay results continue to be evaluated through | |||
| control charts, log sheets, sample logbook and signed | ||||
| assay certificates to determine the nature of any | ||||
| anomalies or failures and failures were re-assayed at the | ||||
| laboratory. Check assaying was also conducted on 1 in | ||||
| every 20 samples. QAQC protocols are unknown for | ||||
| historical drill programs (without the PC- hole prefix). | ||||
| • | QA/QC work is industry standard and acceptable levels | |||
| of accuracy and precision have been established. | ||||
| • | For a more complete discussion of QA/QC techniques | |||
| and levels of accuracy obtained from historical sampling | ||||
| see document ‘Updated Mineral Resource Estimate for | ||||
| the Pickle Crow Property, Patricia Mining Division, | ||||
| Northwestern Ontario, Canada’ NI-43-101 dated 15 June | ||||
| 2018 and available from System for Electronic Document | ||||
| Analysis and Retrieval (www.sedar.com) for First Mining | ||||
| Inc. | ||||
| Verification of sampling and | • | The verification of significant | • | Historical significant intersections quoted have been |
| assaying | intersections by either independent or | verified by Independent Geological Consultants Micon | ||
| alternative company personnel. | International Limited. For more details see document | |||
| • | The use of twinned holes. | ‘Updated Mineral Resource Estimate for the Pickle Crow | ||
| Property,Patricia MiningDivision,Northwestern Ontario, |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| • | Documentation of primary data, data | Canada’ NI-43-101 dated 15 June 2018 and available | ||
| entry procedures, data verification, data | from System for Electronic Document Analysis and | |||
| storage (physical and electronic) | Retrieval (www.sedar.com) for First Mining Inc. | |||
| protocols. | • | There are no twinned holes in the dataset but a | ||
| • | Discuss any adjustment to assay data. | comparison of the results of different drilling generations | ||
| showed that results were comparable. In addition | ||||
| previous operators have duplicated and verified results | ||||
| by re-sampling historical core. For more details see | ||||
| document ‘Updated Mineral Resource Estimate for the | ||||
| Pickle Crow Property, Patricia Mining Division, | ||||
| Northwestern Ontario, Canada’ NI-43-101 dated 15 June | ||||
| 2018 and available from System for Electronic Document | ||||
| Analysis and Retrieval (www.sedar.com) for First Mining | ||||
| Inc. | ||||
| • | For PC Gold drilling (PC- prefix), once all logging data | |||
| was completed, core marked up, logging and sampling | ||||
| data was entered directly into the Gems Logger program | ||||
| (an MS Access-based database and stored on the onsite | ||||
| server. At approximately weekly intervals the server | ||||
| onsite was synchronised with the main server in Thunder | ||||
| Bay. Only one individual was responsible for | ||||
| synchronising the field and office databases. Auteco | ||||
| records new drilling data in Excel spreadsheet format | ||||
| synchronized with the Auteco server in Perth, Australia. | ||||
| • | No adjustments were made to assay data but the | |||
| procedure to determine which gold assay to enter into | ||||
| the database is as follows. If a pulp metallic assay was | ||||
| performed it was used. If a pulp metallic assay was not | ||||
| performed, then a gravimetric assay was used. If a | ||||
| gravimetric assay was not performed, then the AAS | ||||
| assay was used. If re-assays were preformed then the | ||||
| first analysis was used unless a QA/QC investigation | ||||
| proved that the first assay was suspect, in which case the | ||||
| second analysis was then used. For more details of | ||||
| historical procedures see document ‘Updated Mineral | ||||
| Resource Estimate for the Pickle Crow Property, Patricia | ||||
| Mining Division, Northwestern Ontario, Canada’ NI-43- | ||||
| 101 dated 15 June 2018 and available from System for | ||||
| Electronic Document Analysis and Retrieval | ||||
| (www.sedar.com) for First Mining Inc. For all drilling not | ||||
| conducted by PC Gold (without the PC- hole prefix) no | ||||
| adjustments were made to the data. | ||||
| Location of data points | • | Accuracy and quality of surveys used to | • |
Upon completion of PC Gold drillholes collars (PC Gold |
| locate drill holes (collar and down-hole | prefix) were surveyed by third party contractors Delta | |||
| surveys), trenches, mine workings and | Surveying and J.D.Barnes of Thunder Bay to with +/- 1m | |||
| other locations used in Mineral | using an SX Blue. For all other drilling hole collars were | |||
| Resource estimation. | converted from local grids or digitised from | |||
| • | Specification of the grid system used. | georeferenced maps. Where possible these historical | ||
| • | Quality and adequacy of topographic | surface drillholes have been re-located, surveyed and | ||
| control. | verified in the field. Drillhole locations are also recorded | |||
| by the Ontario Ministry of Northern Development and | ||||
| Mines in freely available GIS datasets. Auteco drilling | ||||
| (AUDD* prefix) has been surveyed with a hand-held GPS | ||||
| to an accuracy of less than 3m. | ||||
| • | A variety of down hole survey tools have been used on | |||
| the property. All holes were surveyed at 50m intervals | ||||
| while drilling using an EZY Shot magnetic compass | ||||
| based tool supplied by the drillers. In conjunction with | ||||
| this, all holes were surveyed after completion with a non- | ||||
| magnetic down-hole instrument. A variety of tools were | ||||
| trialed including Maxibore tool provided by Reflex | ||||
| Instruments,a Devifelx tool operated byTECH |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Directional services and an SPT North Seeking Gyro. For | ||||
| Auteco drilling subject to this release down hole surveys | ||||
| have been conducted by a REFLEX North Seeking Gyro. | ||||
| For further historical details of survey reproducibility and | ||||
| tools used please refer to document ‘Updated Mineral | ||||
| Resource Estimate for the Pickle Crow Property, Patricia | ||||
| Mining Division, Northwestern Ontario, Canada’ NI-43- | ||||
| 101 dated 15 June 2018 and available from System for | ||||
| Electronic Document Analysis and Retrieval | ||||
| (www.sedar.com) for First Mining Inc. For all drilling not | ||||
| conducted by PC Gold (lacking the PC- prefix) surveys | ||||
| were conducted during drilling with hole orientation | ||||
| recorded by the geologist in the field. Downhole surveys | ||||
| of dip are recorded by azimuths away from the collar are | ||||
| generally lacking. | ||||
| • | All location data is in UTM grid (NAD83 Zone 15) except | |||
| where noted. | ||||
| • | Topographic Control for PC Gold and Auteco drilling | |||
| (PC- and AUDD* prefix) is from a DTM created | ||||
| generated from a LIDAR survey completed in 2008 and | ||||
| are to an accuracy of <1m and verified by drill collar | ||||
| surveys. For all other collar data elevation was estimated | ||||
| from contours provided from SRTM. Topographic control | ||||
| for underground drillhole collars has been digitised from | ||||
| level plans or converted from mine grids. All surface | ||||
| collars have now been projected to a DTM generated | ||||
| from a LIDAR survey completed in 2008 and are to an | ||||
| accuracy of <1m. | ||||
| Data spacing and distribution | • | Data spacing for reporting of | • | Due to the nature of mineralisation the hole spacing is |
| Exploration Results. | highly variable and of a progressive exploration in nature. | |||
| • | Whether the data spacing, and | • | Data spacing is considered sufficient to establish | |
| distribution is sufficient to establish the | geological and grade continuities for mineral resource | |||
| degree of geological and grade | estimation at the Inferred Category | |||
| continuity appropriate for the Mineral | • | No sample compositing was applied. | ||
| Resource and Ore Reserve estimation | ||||
| procedure(s) and classifications | ||||
| applied. | ||||
| • | Whether sample compositing has been | |||
| applied. | ||||
| Orientation of data in relation | • | Whether the orientation of sampling | • | Drill hole orientations were designed to test |
| to geological structure | achieves unbiased sampling of possible | perpendicular or sub-perpendicular to the orientation of | ||
| structures and the extent to which this | the intersected mineralisation. Drilling was typically | |||
| is known, considering the deposit type. | oriented perpendicular to the trend of geophysical | |||
| • | If the relationship between the drilling | anomalism and the mapped strike and dip of observed | ||
| orientation and the orientation of key | mineralisation on surface and elsewhere in the project | |||
| mineralised structures is considered to | area. | |||
| have introduced a sampling bias, this | • | Due to the density of drilling and the orientation of drilling | ||
| should be assessed and reported if | perpendicular to mineralized bodies there is limited bias | |||
| material. | introduced bydrillhole orientation. | |||
| Sample security | • | The measures taken to ensure sample | • | For PC Gold and Auteco drilling (PC- and AUDD* prefix), |
| security. | once the core samples are cut, bagged and sealed with | |||
| zip ties, ten samples are put into rice bags which are | ||||
| sealed and secured with numbered security tags. Once | ||||
| samples arrive at the laboratory the security tags and | ||||
| corresponding samples were verified against onsite logs. | ||||
| Prior to shipment samples are stored in a locked building | ||||
| onsite. Site is always occupied, and no samples are left | ||||
| at the project during field breaks. For all other drillholes | ||||
| the measures taken to ensure sample security are | ||||
| unknown. |
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-
Criteria JORC Code explanation Commentary Audits or reviews • The results of any audits or reviews of • An audit and review of sampling techniques and data sampling techniques and data. was conducted as part of NI-43-101 resource estimation by Independent Consultants Micon International in 2018. Please refer to document ‘Updated Mineral Resource Estimate for the Pickle Crow Property, Patricia Mining Division, Northwestern Ontario, Canada’ NI-43-101 dated 15 June 2018 and available from System for Electronic Document Analysis and Retrieval (www.sedar.com) for First Mining Inc.
-
• An additional audit and review of sampling techniques and data was conducted by Cube Consulting as part of the Resource Estimation subject to this release and consisted of an audit of QAQC data from previous operators PC Gold Inc. (2011-2017).
Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section)
| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Mineral tenement and land | • | Type, reference name/number, location | • |
The mineral concessions of the Pickle Crow project |
| tenure status | and ownership including agreements or | consist of 106 patented mining claims covering 1,712ha | ||
| material issues with third parties such | and 88 contiguous, unpatented claims covering | |||
| as joint ventures, partnerships, | approximately 14,048ha. Of the 106 patented claims 98 | |||
| overriding royalties, native title | (the Pickle Crow Lease) are held in the name of Teck | |||
| interests, historical sites, wilderness or | Cominco Limited (Teck) and 8 are held in the name of | |||
| national park and environmental | PC Gold. The unpatented claims are held in the name of | |||
| settings. | PC gold. PC Gold has a lease on the 98 patented claims | |||
| • | The security of the tenure held at the | held by Teck which expires in 2067. These leasehold | ||
| time of reporting along with any known | claims are subject to two net smelter return (NSR) | |||
| impediments to obtaining a license to | royalties totaling 1.25%. The other 8 patented claims (the | |||
| operate in the area. | Crowshore Patents), plus certain unpatented claims are | |||
| subject to NSR royalties ranging from 2% to 3%. A full list | ||||
| of tenements along with details of relevant NSR’s as they | ||||
| pertain to individual properties is given in Auteco ASX | ||||
| releases dated: 28/01/2020 and 17/02/2020. An | ||||
| additional 600 claims were staked by Auteco subsidiary, | ||||
| Revel Resource (JV) Ltd. and are subject to the terms of | ||||
| the Earn-In-Arrangement. | ||||
| • | Auteco has entered into a binding term sheet agreement | |||
| to acquire up to 80% of the Pickle Crow Gold Project | ||||
| from First Mining. A payment of C$50,000 has been | ||||
| made to First Mining. Subject to the completion of a | ||||
| formal agreement, the consideration for acquisition of the | ||||
| assets are as follows: Upon signing a formal agreement: | ||||
| A further C$50,000 and 25,000,000 Shares in the capital | ||||
| of Auteco at a deemed issue price of A$0.008 per share. | ||||
| Stage 1 Earn-In (51%): Spending C$5,000,000 over three | ||||
| years comprising: Spending C$750,000 within a 12- | ||||
| month period ('Expenditure Payment 1'): and Spending | ||||
| C$4,250,000 within a 24-month period after Expenditure | ||||
| Payment 1 is satisfied; and Subject to shareholder | ||||
| approval by Auteco, issuing to First Mining 100,000,000 | ||||
| Shares in Auteco. (together 'Stage 1 earn in'). Stage 2 | ||||
| Earn-In (a further 19%): Expending exploration | ||||
| expenditure in the 24-month period commencing on the | ||||
| date that Auteco satisfies the Stage 1 Earn-in of | ||||
| C$5,000,000 ('Expenditure Payment 3'); and Within 90 | ||||
| days of completing expenditure Payment 3, making a | ||||
| cash payment to Seller in the amount of C$1,000,000 | ||||
| ('Expenditure Payment 4'), (together the 'Stage 2 Earn |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| In'). Also, Buy In: May buy a further 10% interest by | ||||
| paying C$3,000,000 to First Mining; and a 2% Net | ||||
| Smelter Return granted after the Stage 2 Earn-In. Further | ||||
| details are included in ASX release (17/02/2020). | ||||
| • | For a more complete discussion of 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 relating to the Pickle Crow | ||||
| Project please refer to document ‘Updated Mineral | ||||
| Resource Estimate for the Pickle Crow Property, Patricia | ||||
| Mining Division, Northwestern Ontario, Canada’ NI-43- | ||||
| 101 dated 15 June 2018 and available from System for | ||||
| Electronic Document Analysis and Retrieval | ||||
| (www.sedar.com)for First MiningInc. | ||||
| Exploration done by other | • | Acknowledgment and appraisal of | • | The first government survey of the area was performed |
| parties | exploration by other parties. | by William McInnes of the Geological Survey of Canada | ||
| (GSC) along the Crow River from 1903 to 1905. | ||||
| Prospecting in the Pickle Lake area commenced in 1926. | ||||
| In 1927, Lois Cohen of Haileybury formed a prospecting | ||||
| group and early that winter sent Alex and Murdock | ||||
| Mosher in to stake the first claims (December 1927) on | ||||
| what ultimately became the Central Patricia Gold Mines | ||||
| property. These claims were optioned by F.M Connell | ||||
| and Associates in August 1928 and Central Patricia Gold | ||||
| Mines Limited was incorporated on 19 February, 1929. | ||||
| Diamond drilling commenced at Central Patricia in | ||||
| February 1929 and production in March 1930. The | ||||
| Central Patricia discovery paved the way from | ||||
| exploration in the region which led to the discovery and | ||||
| initial drilling (1929) of the first Pickle Crow orebody the | ||||
| No.1 Vein by Northern Aerial Mineral Exploration Limited, | ||||
| a company set up in 1928 by J.E. (Jack) Hammell. In | ||||
| 1929 gold was also discovered by Albany River Miners | ||||
| Ltd. (Albany River) at the No.16 vein on the Albany River | ||||
| claims to the east of the then Pickle Crow property. | ||||
| Northern Aerial was acquired by Pickle Crow Gold Mines | ||||
| Limited (PCGM) in 1934 with Jack Hammell continuing | ||||
| as president. Production from the Pickle Crow mine | ||||
| began on 17 April, 1935. Albany river sank the Albany | ||||
| shaft to a depth of 190m between 1933 and 1938 and | ||||
| completed extensive underground development. Winoga | ||||
| Patricia Gold Mines was created in 1936 and drilled 73 | ||||
| surface diamond drill holes on a pie-shaped property | ||||
| located between PCGM’s holdings and the Albany River | ||||
| Mines ground to the east. A mine shaft was subsequently | ||||
| sunk on the property in 1938. That same year, PCGM | ||||
| took over ownership of both Albany River Mines and | ||||
| Winoga Patricia Gold Mines through a new company | ||||
| called Albany River Gold Mines Ltd. It is believed that the | ||||
| Winoga Patricia Gold Mines shaft later became the No.3 | ||||
| Shaft of the Pickle Crow operation. The Cohen- | ||||
| MacArthur zone, located 2km to the north of the | ||||
| developing Pickle Crow mine, was discovered in 1933. A | ||||
| total of 14 surface diamond holes were drilled at Cohen- | ||||
| MacArthur in the winter of 1936. This property was | ||||
| optioned by PCGM in 1938, With the acquisition of the | ||||
| Cohen-MacArthur claims, PCGM became one of the | ||||
| largest land holders in the Pickle Lake area. The GSC | ||||
| completed a regional synthesis of the Pickle Crow | ||||
| Greenstone belt duringthisperiod as well. Ground and |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| airborne geophysical surveys have been completed over | ||||
| all or parts of the Pickle Crow property at various times | ||||
| during its early history. A dip-needle survey completed in | ||||
| 1936 on the Pickle Crow property was useful in tracing | ||||
| out the bands of the iron formation. A detailed magnetic | ||||
| survey was carried out over the property by Teck (or its | ||||
| predecessor companies) around 1960. The property | ||||
| then underwent a series of ownerships until it became | ||||
| wholly owned by Teck in 1971. The property then sat | ||||
| dormant until 1973 when Pickle Crow Exploration Ltd. | ||||
| Reviewed the economics of reopening the mine. In 1978, | ||||
| a merger between Pickle Crow Explorations Ltd. And | ||||
| four other companies saw Teck’s ownership reduced to | ||||
| 44.6% and a new exploration company called Highland- | ||||
| Crow Resources Ltd. Highland Crow went on to option | ||||
| the property to Galant Gold Mines Limited in 1979. | ||||
| Gallant performed a VLF_EM geophysical survey and | ||||
| drilled 47 surface diamond drill holes for 7,356m. The | ||||
| only known soil geochemical survey done on the Pickle | ||||
| Crow property was completed for Gallant in 1983. Soil | ||||
| values ranged from 10 to 12,000ppb with the high values | ||||
| attributed to mine tailings and cultural anomalies. In 1983 | ||||
| the property returned to Highland-Crow. Noramco | ||||
| Mining Corp. bought Highland-Crow in 1988. Between | ||||
| 1985 and 1987 Highland-Crow completed line-cutting, | ||||
| magnetometer and IP, geophysical surveying, geological | ||||
| mapping, surface trenching, diamond drilling and | ||||
| environmental baseline studies. Noramco drilled surface | ||||
| exploration holes, completed geophysical surveys and | ||||
| commenced dewatering of the No.1 shaft. Noramco | ||||
| drilled 286 surface diamond drill holes for 46,189m and | ||||
| 79 underground holes for 9,341m. Noramco also | ||||
| commissioned Historic (non-compliant) Resource | ||||
| Estimates. In 1994 Noramco changed its name to Quest | ||||
| Capital. Quest assigned its interest to Pickle Crow | ||||
| Resources Inc. A total of 4 surface diamond drill holes for | ||||
| 2,287m were completed. Quest then sold its interest to | ||||
| Wolfden Resource Inc who entered into an option | ||||
| agreement with Jonpol Explorations Ltd. Who drilled 18 | ||||
| surface diamond holes for 2,173.5m. Wolfden also | ||||
| entered into a surface mining agreement with Cantera | ||||
| Mining Limited in 2000. Canterra commenced building a | ||||
| 225tpd gravity mill on site in 2002 but was placed into | ||||
| receivership in 2004. In 2006 Wolfden transferred Pickle | ||||
| Crow to Premier Gold Mines Ltd. Before the property | ||||
| was sold to PC Gold in 2007. PC Gold then explored the | ||||
| property completing 184 holes for 62,968m by 2011 and | ||||
| 173 holes for 35,840.4m from 2011 to 2014 before | ||||
| commissioning an NI-43-101 compliant Resource | ||||
| Estimate. For further details please refer to document | ||||
| ‘Updated Mineral Resource Estimate for the Pickle Crow | ||||
| Property, Patricia Mining Division, Northwestern Ontario, | ||||
| Canada’ NI-43-101 dated 15 June 2018 and available | ||||
| from System for Electronic Document Analysis and | ||||
| Retrieval(www.sedar.com)for First MiningInc. | ||||
| Geology | • | Deposit type, geological setting and | • | The Pickle Crow Gold Deposit is considered to be an |
| style of mineralisation. | Archean low-sulphide gold-quartz vein type deposit, also | |||
| known as shear-hosted gold, Archean quartz-carbonate | ||||
| vein gold deposits, Archean lode gold, Archean | ||||
| mesothermal gold deposits or simply orogenic gold. The | ||||
| deposit occurs primarily within mafic volcanics and | ||||
| banded iron formation(BIF)units in the Pickle Crow |
Error! Unknown document property name.
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| assemblage of the Pickle Lake Greenstone belt in the | ||||
| Uchi Lake Subprovince of the Superior Craton of the | ||||
| Canadian Shield. | ||||
| Drill hole Information | • | A summary of all information material to | • |
Refer to Appendix A in ASX release 28/01/2020 and |
| the understanding of the exploration | 26/03/2020 as well as the current release for drill hole | |||
| results including a tabulation of the | information for all reported drill holes for this JORC 2012 | |||
| following information for all Material drill | Table 1 and in accordance with ASX listing rule 5.7.2. | |||
| holes: | ||||
oeasting and northing of the drill hole |
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| collar | ||||
oelevation or RL (Reduced Level – |
||||
| elevation above sea level in meters) | ||||
| of the drill hole collar | ||||
odip and azimuth of the hole |
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odown hole length and interception |
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| depth | ||||
ohole length. |
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| • | 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 whythis is the case. | ||||
| Data aggregation methods | • | In reporting Exploration Results, | • | All drill hole intersections are reported above a lower cut- |
| weighting averaging techniques, | off grade of 0.5g/t Gold or 1g/t as indicated, with no | |||
| maximum and/or minimum grade | upper cut off grade has been applied. A maximum of 1m | |||
| truncations (eg cutting of high grades) | internal waste was allowed. Tabulated results are | |||
| and cut-off grades are usually Material | presented in ASX announcements 28/01/2020, | |||
| and should be stated. | 26/03/2020, 29/06/2020, 01/09/2020, 11/11/2020, | |||
| • | Where aggregate intercepts | 19/01/2021, 07/04/2021, 16/06/2021, 15/07/2021, | ||
| incorporate short lengths of high-grade | 02/08/2021 and Appendix A of this release) | |||
| results and longer lengths of low-grade | • | Metal equivalent values are not used | ||
| 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 | ||||
| clearlystated. | ||||
| Relationship between | • | These relationships are particularly | • | All intersections reported in the body of this release are |
| mineralisation widths and | important in the reporting of Exploration | down hole | ||
| intercept lengths | Results. | • | The majority of the drill holes are drilled as close to | |
| • | If the geometry of the mineralisation | orthogonal to the plane of the mineralized lodes as | ||
| with respect to the drill hole angle is | possible. A number of drill holes have intersected the | |||
| known, its nature should be reported. | mineralisation at high angles. | |||
| • | If it is not known and only the down | • | Only down hole lengths are reported. | |
| hole lengths are reported, there should | ||||
| be a clear statement to this effect (eg | ||||
| ‘down hole length, true width not | ||||
| known’). | ||||
| Diagrams | • | Appropriate maps and sections (with | • | Maps and sections are included in the body of this |
| scales) and tabulations of intercepts | release as deemed appropriate by the competent | |||
| should be included for any significant | person. | |||
| discovery being reported These should | ||||
| include, but not be limited to a plan | ||||
| view of drill hole collar locations and | ||||
| appropriate sectional views. | ||||
| Balanced reporting | • | Where comprehensive reporting of all | • | Any significant higher-grade zones in historical drilling |
| Exploration Results is not practicable, | quoted in this release have been reported in ASX | |||
| representative reportingof both low |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| and high grades and/or widths should | announcements 28/01/2020, 26/03/2020 and Appendix A | |||
| be practiced to avoid misleading | of this release) | |||
| reporting of Exploration Results. | • | All results above 0.5g/t lower cut-off or 1g/t quoted in this | ||
| release have been reported in ASX announcements | ||||
| 28/01/2020, 26/03/2020, 29/06/2020, 01/09/2020, | ||||
| 11/11/2020, 19/01/2021, 07/04/2021, 16/06/2021, | ||||
| 15/07/2021, 02/08/2021, 5/10/2021 and Appendix A of | ||||
| this release) | ||||
| Other substantive exploration | • | Other exploration data, if meaningful | • | Appropriate plans are included in the body of this |
| data | and material, should be reported | release. | ||
| including (but not limited to): geological | ||||
| observations; geophysical survey | ||||
| results; geochemical survey results; | ||||
| bulk samples – size and method of | ||||
| treatment; metallurgical test results; | ||||
| bulk density, groundwater, geotechnical | ||||
| and rock characteristics; potential | ||||
| deleterious or contaminating | ||||
| substances. | ||||
| Further work | • | The nature and scale of planned further | • |
Auteco Minerals Limited is currently conducting drill |
| work (e.g. tests for lateral extensions or | testing of additional lodes as well as step out and infill | |||
| depth extensions or large-scale step- | drilling of existing lodes to further enhance the resources | |||
| out drilling). | quoted in this release. More information is presented in | |||
| • | Diagrams clearly highlighting the areas | the body of this report. | ||
| of possible extensions, including the | • | Diagrams in the main body of this release show areas of | ||
| main geological interpretations and | possible resource extension on existing lodes. The | |||
| future drilling areas, provided this | company continues to identify and assess multiple other | |||
| information is not commercially | target areas within the property boundary for additional | |||
| sensitive. | resources. |
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