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FireFly Metals Ltd. — Capital/Financing Update 2022
Nov 21, 2022
48548_rns_2022-11-21_eaea64b8-bab4-46b2-ac09-d19ab761ef0f.pdf
Capital/Financing Update
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ASX: AUT 22 November 2022
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ASX ANNOUNCEMENT
Pickle Crow Gold Project, Canada
Bonanza intersection of 1,020g/t outside Resource of 2.23Moz
More outstanding results from Tyson veins, which will be included in the Resource for the first time as part of the March quarter update; Plus, regional drilling about to start
KEY POINTS
-
Drilling at the Tyson discovery has returned AuTECO’s highest-grade gold intersection to date of 1,020g/t gold over 0.4 metres
-
The Tyson step-out drilling has significantly expanded the known extent of this vein system, with mineralisation intersected ~200m below previous drilling
-
Multiple high grade vein results from the ongoing drill programme include:
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0.4m @ 1,020g/t gold from 809.9m downhole AUDD0333 (Tyson)
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0.4m @ 71.9g/t gold from 126.1m downhole AUDD0315 (Vein 5)
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0.4m @ 29.8g/t gold from 62.9m downhole AUDD0331 (Vein 5)
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1.9m @ 8.6g/t gold from 699.0m downhole AUDD0333-W1 (Vein 5)
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Tyson is a group of mineralised veins which sits outside the current Resource; Tyson is expected to be included in the Resource for the first time as part of the update set for the March quarter of next year
-
In addition to the Tyson results, broad, shallow mineralisation within banded iron units has been intersected with results including:
-
6.2m @ 3.0g/t gold from 138.8m down hole AUDD0333 (Tyson)
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11.0m @ 1.6g/t gold from 32.0m down hole AUDD0315 (Vein 5)
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Two drill rigs on site, with winter regional drilling campaign about to commence
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AuTECO remains well funded for its exploration programs, with A$11M in cash at 30 September 2022
AuTECO Minerals Ltd (AUT:ASX) ( AuTECO or the Company ) is pleased to report exceptional drill results of up to 1,020g/t at its Pickle Crow gold project in Ontario, Canada. These results will form part of the Resource update set for the March quarter of next year.
The results are considered particularly important because they are outside the existing Inferred Resource and therefore demonstrate the opportunity to continue growing the Resource.
The high-grade Tyson vein system, which was initially identified by AuTECO in October 2021, is expected to be included in the Resource for the first time.
Ray Shorrocks - Executive Chairman ASX: AUT ACN: 110 336 733 Michael Naylor - Non-Executive Director Principal and Registered Office: Stephen Parsons - Non-Executive Director T: +61 8 9220 9030 Level 2 Darren Cooke - Chief Executive Officer E: [email protected] 8 Richardson Street William Nguyen - CFO & Joint Company Secretary Page | 1 W: www.autecominerals.com West Perth WA 6005 Maddison Cramer - Joint Company Secretary
ASX: AUT
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A 50,000-metre drill campaign is in progress and anticipated to conclude in early 2023. AuTECO intends to continue the dual focus on both in-mine Resource expansion at Pickle Crow and regional discovery that will provide the next generation of Resource growth for the company.
AuTECO Chief Executive Officer Darren Cooke said: “The recent Tyson results continue to demonstrate that we are onto a significant new mineralised system that has not been historically mined.
“Not only have we extended the known depth of the vein system by more than 200 vertical metres, but the intersection of 1,020g/t gold is the highest-grade intersection drilled by AuTECO to date.
“The Tyson result is reminiscent of the intersections at Northern Star’s Jundee mine.
“AuTECO is well funded to continue the exploration and growth campaign with two rigs planned to drill for the remainder of 2022”.
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Photograph of visible gold in hole AUDD0333 intersection of 0.4m @ 1,020g/t gold from 809.9 metres.
Details of Latest Results:
This release contains results from near-mine extensional drilling. All work conducted has been outside of the current 2.23Moz at 7.8 g/t Inferred gold Resource (see ASX announcement dated 15 February 2022 for details). The results in this release will contribute to a Resource update planned for early 2023.
AuTECO manages ~500km[2] of tenure in the Pickle Lake district. The Company continues to pursue a dual track strategy of advancing both the near-mine Resource growth and regional exploration concurrently.
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Near-Mine Results
Drilling has continued to focus on Resource growth potential in the historic Shaft 1 (Vein 5) and Shaft 3 areas (Tyson) of Pickle Crow (Figure 1).
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Figure 1: Summary map showing AuTECO near mine drilling intersections. Results from this release are highlighted beige.
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Tyson Vein System
The Tyson vein system is a series of mineralised quartz lodes first discovered by AuTECO in 2021 (see ASX release dated 5 October 2021).
In October 2022, a step-out hole was drilled to test for continuity and depth extensions of the Tyson veins encountered in previous drilling (Figure 2). Hole AUDD0333 was completed at a depth of 1,263 metres and intersected six zones of veining. Assay results received to date from AUDD0333 include:
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0.4m @ 1,020g/t gold from 809.9m (Figure 3)
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2.7m @ 4.7g/t gold from 840.5m
A wedge off the parent hole (AUDD0333-W1) is currently in progress. Results returned from the wedge hole to date include:
- 1.9m @ 8.6g/t gold from 699.0m AUDD0333-W1
Figure 2 (below): NW to SE Cross section showing multiple mineralised zones including the location of the Tyson step-out hole AUDD0333 and the wedge (AUDD0333-W1). Results from this release are highlighted beige. The location of the section in plan view is shown to the right.
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Further assay results from the Tyson holes are still pending.
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The intersection of 0.4m @ 1,020g/t gold represents the highest-grade intersection achieved by AuTECO to date. The intersection (Figure 3) was hosted in a quartz-carbonate-tourmaline vein with coarse sulphides in adjacent host rock. Visible gold was observed in the vein, concentrated around chloritic vein margins.
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Figure 3: Photograph of the quartz vein margin of the intersection grading 0.4m @ 1,020g/t gold. Drill core size is NQ.
Hole AUDD0333 also tested a zone of banded iron formation (BIF) interpreted to the west of the main Tyson vein system. This zone was intersected near the beginning of the hole and contained strong sulphide mineralisation. Assay results for the zone were:
• 6.2m @ 3.0g/t gold from 138.8m
This demonstrated the potential for mineralisation amenable to bulk mining. Further drilling is planned to test the BIF in this area.
Vein 5 Drilling
Recent drilling continued to test extensions to the Vein 5 vein structure. Historically, more than 200,000 ounces of gold were extracted from the high-grade vein, with the continuous structure averaging approximately 0.5 metres in width. The recent AuTECO drilling has successfully demonstrated the vein continues along strike beyond the extents of historical mining. Significant intersections include:
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0.4m @ 71.9g/t gold from 126.1m AUDD0315
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0.4m @ 29.8g/t gold from 62.9m AUDD0331
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0.4m @ 9.4g/t gold from 152.1m AUDD0338
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1.0m @ 7.2g/t gold from 433.7m AUDD0335
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o1.8m @ 5.5g/t gold from 346.0m AUDD0334o1.2m @ 5.1g/t gold from 65.8m AUDD0334
Additionally, a shallow BIF unit was intersected in drill hole AUDD315. The intersection of 11.0m @ 1.6g/t gold from 32.0m demonstrates potential for open pit mining. Further drilling is planned to follow up this result.
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FORWARD WORK PLAN
The Company intends to continue with a dual-tracked approach to drilling for the remainder of 2022, with a combination of extensional in-mine Resource growth drilling and regional exploration. AuTECO is in the midst of 50,000m drill campaign, of which ~20,000m is planned for early stage targets outside of the current 2.23Moz Resource.
As site accessibility improves in winter, the exploration focus from November 2022 through March 2023 will shift to regional exploration in addition to near mine targets that are inaccessable during summer, such as Tyson.
An updated Resource estimate remains on track for delivery in early 2023.
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 Josh Lewis Read Corporate Spoke Corporate +61 8 9388 1474 +61 412 577 266
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 Inferred Mineral Resource of 2.23 Moz at 7.8g/t gold, with a 50,000m drilling program underway to expedite growth.
Pickle Crow is one of Canada’s highest-grade gold mines – historically producing 1.5 Moz at 16g/t gold.
The Company also holds 90% interest in 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
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, 5/10/2021, 2/12/2021, 18/1/2022, 15/2/2022, 3/5/2022, 23/6/2022 and 11/10/2022. Auteco confirms that it is not aware of any new information or data that materially affects the information included in the
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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 Darren Cooke, who is a Member of the Australasian Institute of Geoscientists. Mr Cooke 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 Cooke 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.
The Company’s Inferred Mineral Resource Estimate referred to in this announcement (as the “Resource”) was first reported in accordance with ASX Listing Rule 5.8 in the Company’s announcement on 15 February 2022, "Resource increases by 500,000oz to 2.23Moz at 7.8 g/t ". 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.
| Mineralisation Domain | Lower Cut-off |
Tonnes (Mt) |
Gold Grade (g/t) |
Gold (Moz) |
Variance to 30 June 2021 Resource |
|---|---|---|---|---|---|
| Quartz Lodes | 3.5g/t | 6.4 | 9.3 | 1.92 | +0.45Moz |
| Alteration Hosted (BIF) | 2.0g/t | 2.5 | 3.8 | 0.30 | +0.06Moz |
| TOTAL | 8.9 | 7.8 | 2.23 | +0.51Moz (+30%) |
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 0.5g/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 (m) |
From (m) |
To (m) |
Width (m) |
Assay g/t Au |
Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AUDD0310 | 705,888 | 5,711,695 | 343 | 176 | -69 | 624 | 37.15 | 38.65 | 1.50 | 0.77 | |
| 63.40 | 66.35 | 2.95 | 0.98 | ||||||||
| 220.70 | 221.10 | 0.40 | 1.79 | ||||||||
| 228.85 | 229.25 | 0.40 | 1.93 | ||||||||
| 236.15 | 236.65 | 0.50 | 2.20 | ||||||||
| 240.60 | 241.00 | 0.40 | 1.07 | ||||||||
| 258.95 | 259.35 | 0.40 | 1.22 | ||||||||
| 261.60 | 263.20 | 1.60 | 1.02 | ||||||||
| 349.20 | 352.20 | 3.00 | 2.71 | ||||||||
| 364.75 | 365.35 | 0.60 | 4.32 | ||||||||
| 486.00 | 486.50 | 0.50 | 8.20 | ||||||||
| 520.60 | 521.00 | 0.40 | 3.10 | ||||||||
| 540.50 | 541.65 | 1.15 | 2.00 | ||||||||
| 575.30 | 576.15 | 0.85 | 1.63 | ||||||||
| AUDD0311 | 704,625 | 5,711,306 | 338 | 160 | -58 | 895 | 164.45 | 165.15 | 0.70 | 3.23 | |
| 786.85 | 787.35 | 0.55 | 1.10 | ||||||||
| 811.70 | 812.60 | 0.90 | 1.51 | ||||||||
| 863.10 | 863.75 | 0.65 | 1.31 | ||||||||
| AUDD0312 | 704,025 | 5,709,450 | 351 | 160 | -50 | 141 | 72.40 | 72.80 | 0.40 | 1.78 | |
| AUDD0313 | 704,055 | 5,709,456 | 351 | 160 | -55 | 135 | 66.20 | 66.80 | 0.60 | 1.33 | |
| AUDD0314 | 704,066 | 5,709,426 | 351 | 160 | -56 | 102 | 17.00 | 17.80 | 0.80 | 0.56 | |
| AUDD0315 | 703,973 | 5,709,439 | 351 | 160 | -56 | 171 | 12.25 | 13.25 | 1.00 | 0.69 | |
| 15.20 | 15.70 | 0.50 | 2.78 | ||||||||
| 32.00 | 43.00 | 11.00 | 1.63 | ||||||||
| 126.05 | 126.45 | 0.40 | 71.90 | ||||||||
| AUDD0316 | 703,982 | 5,709,412 | 350 | 160 | -56 | 144 | 7.65 | 11.70 | 4.05 | 0.82 | |
| 16.65 | 18.70 | 2.05 | 0.67 | ||||||||
| AUDD0317 | 704,016 | 5,709,419 | 351 | 160 | -56 | 126 | 39.80 | 40.30 | 0.50 | 1.06 | |
| 113.00 | 113.40 | 0.40 | 0.78 | ||||||||
| AUDD0317B | 704,016 | 5,709,419 | 351 | 163 | -55 | 16 | No sig assays | ||||
| AUDD0318 | 704,043 | 5,709,537 | 352 | 160 | -56 | 246 | 59.10 | 62.00 | 2.90 | 2.00 | |
| 68.05 | 69.05 | 1.00 | 0.67 | ||||||||
| 77.70 | 78.30 | 0.60 | 1.18 | ||||||||
| 114.00 | 114.55 | 0.55 | 0.66 | ||||||||
| AUDD0319 | 704,012 | 5,709,524 | 352 | 160 | -56 | 171 | 55.35 | 56.30 | 0.95 | 1.55 | |
| 149.00 | 149.40 | 0.40 | 91.00 |
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| Hole No. | Easting | Northing | Elevation | Azimuth | Dip | Drilled Length (m) |
From (m) |
To (m) |
Width (m) |
Assay g/t Au |
Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AUDD0320 | 703,995 | 5,709,458 | 351 | 160 | -56 | 173 | 20.60 | 21.00 | 0.40 | 0.67 | |
| 42.05 | 45.85 | 3.80 | 1.91 | ||||||||
| 50.05 | 51.00 | 0.95 | 0.61 | ||||||||
| 147.70 | 148.65 | 0.95 | 2.42 | ||||||||
| AUDD0321 | 704,085 | 5,709,464 | 351 | 160 | -56 | 171 | 50.84 | 51.70 | 0.86 | 1.46 | |
| 63.00 | 63.75 | 0.75 | 2.63 | ||||||||
| AUDD0322 | 704,095 | 5,709,438 | 351 | 160 | -56 | 129 | 19.10 | 19.65 | 0.55 | 0.71 | |
| 24.65 | 25.25 | 0.60 | 1.95 | ||||||||
| AUDD0323 | 704,120 | 5,709,460 | 351 | 160 | -61 | 150 | 59.77 | 60.20 | 0.43 | 0.86 | |
| 112.77 | 113.28 | 0.51 | 0.62 | ||||||||
| AUDD0324 | 704,087 | 5,709,416 | 351 | 160 | -56 | 120 | No sig assays | ||||
| AUDD0325 | 704,177 | 5,709,476 | 351 | 160 | -46 | 129 | 73.00 | 73.40 | 0.40 | 1.09 | |
| 102.35 | 102.75 | 0.40 | 0.56 | ||||||||
| AUDD0326 | 704,208 | 5,709,467 | 351 | 160 | -46 | 60 | No sig assays | ||||
| AUDD0327 | 704,321 | 5,709,526 | 350 | 160 | -56 | 60 | 30.35 | 30.75 | 0.40 | 32.20 | |
| AUDD0328 | 704,341 | 5,709,562 | 350 | 160 | -56 | 102 | 67.80 | 68.60 | 0.80 | 5.20 | |
| AUDD0329 | 704,349 | 5,709,541 | 350 | 160 | -56 | 60 | No sig assays | ||||
| AUDD0330 | 704,285 | 5,709,534 | 351 | 160 | -56 | 105 | 50.70 | 52.45 | 1.75 | 8.26 | |
| inc: | 52.05 | 52.45 | 0.40 | 18.60 | |||||||
| AUDD0331 | 704,312 | 5,709,551 | 351 | 160 | -56 | 102 | 62.85 | 63.25 | 0.40 | 29.80 | |
| AUDD0332 | 704,329 | 5,709,597 | 350 | 160 | -56 | 126 | 120.10 | 120.50 | 0.40 | 3.67 | |
| AUDD0333 | 704,444 | 5,711,127 | 338 | 164 | -75 | 1,263 | 96.65 | 97.05 | 0.40 | 2.17 | Partial Assay |
| 116.20 | 118.25 | 2.05 | 0.92 | ||||||||
| 138.80 | 145.00 | 6.20 | 2.96 | ||||||||
| inc: | 141.95 | 142.35 | 0.40 | 21.80 | |||||||
| 809.85 | 810.25 | 0.40 | 1020.00 | ||||||||
| 840.50 | 843.15 | 2.65 | 4.68 | ||||||||
| inc: | 840.50 | 841.05 | 0.55 | 18.90 | |||||||
| 1077.70 | 1078.50 | 0.80 | 4.17 | ||||||||
| AUDD0333- W1 |
704,444 | 5,711,127 | 338 | 164 | -75 | Drilling | 693.70 | 694.20 | 0.50 | 3.15 | Partial Assay |
| 698.95 | 700.80 | 1.85 | 8.64 | ||||||||
| inc: | 699.45 | 700.00 | 0.55 | 20.20 | |||||||
| 700.00 | 700.40 | 0.40 | 5.85 | ||||||||
| 700.40 | 700.80 | 0.40 | 5.67 | ||||||||
| AUDD0334 | 704,216 | 5,709,774 | 355 | 174 | -60 | 501 | 35.70 | 36.10 | 0.40 | 0.88 | Partial Assay |
| 345.95 | 347.70 | 1.75 | 5.53 | ||||||||
| 353.75 | 354.15 | 0.40 | 3.59 | ||||||||
| 419.10 | 419.50 | 0.40 | 2.08 | ||||||||
| AUDD0335 | 704,216 | 5,709,774 | 355 | 165 | -72 | 463 | 58.52 | 60.45 | 1.93 | 0.55 | Partial Assay |
| 137.85 | 138.80 | 0.95 | 1.10 |
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| Hole No. | Easting | Northing | Elevation | Azimuth | Dip | Drilled Length (m) |
From (m) |
To (m) |
Width (m) |
Assay g/t Au |
Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 152.70 | 153.70 | 1.00 | 4.76 | ||||||||
| 388.55 | 389.70 | 1.15 | 1.55 | ||||||||
| 433.65 | 434.60 | 0.95 | 7.02 | ||||||||
| AUDD0336 | 704,455 | 5,709,721 | 349 | 175 | -65 | 276 | 65.80 | 67.00 | 1.20 | 5.16 | |
| Inc: | 65.80 | 66.20 | 0.40 | 4.93 | |||||||
| 66.20 | 67.00 | 0.80 | 5.28 | ||||||||
| AUDD0337 | 703,727 | 5,709,380 | 342 | 150 | -55 | 360 | Partial Assay | ||||
| AUDD0338 | 703,729 | 5,709,289 | 347 | 140 | -55 | 253 | 152.10 | 152.50 | 0.40 | 9.44 | Partial Assay |
| AUDD0339 | 703,527 | 5,709,175 | 344 | 143 | -68 | 585 | 517.05 | 518.50 | 1.45 | 2.36 | Partial Assay |
| AUDD0340 | 703,527 | 5,709,175 | 344 | 160 | -72 | 700 | Awaiting | Assay | |||
| RVDD0069 | 703,148 | 5,708,500 | 352 | 180 | -52 | 375 | 7.70 | 8.10 | 0.40 | 0.97 | |
| 35.60 | 36.10 | 0.50 | 0.53 | ||||||||
| 58.40 | 58.80 | 0.40 | 6.12 | ||||||||
| 104.55 | 105.05 | 0.50 | 1.00 | ||||||||
| RVDD0077 | 702,720 | 5,708,390 | 350 | 160 | -55 | 261 | 110.20 | 110.60 | 0.40 | 1.86 | |
| 231.55 | 231.95 | 0.40 | 4.52 |
APPENDIX C - 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 | • | All reported AuTECO diamond drilling in this release is |
| channels, random chips, or specific | surface diamond drilling with a core diameter of | |||
| specialised industry standard measurement | 47.6mm (NQ) | |||
| tools appropriate to the minerals under | • | The core was sawn in half following a sample cutting | ||
| investigation, such as down hole gamma | line determined by geologists during logging and | |||
| sondes, or handheld XRF instruments, etc). | submitted for analysis on nominal 1m (intervals or | |||
| These examples should not be taken as | defined by geological boundaries determined by the | |||
| limiting the broad meaning of sampling. | logging geologist. | |||
| • | Include reference to measures taken to | • | The sample protocols dictate the sampler collects the | |
| ensure sample representivity and the | sample on the left hand side of the core cut line to | |||
| appropriate calibration of any measurement | minimise potential for selective sampling | |||
| tools or systems used. | • | All samples reported in this release were prepared and | ||
| • | Aspects of the determination of | analysed by AGAT Laboratories in Thunder Bay, | ||
| mineralisation that are Material to the Public | Ontario. Samples were prepared for analysis using a | |||
| Report. | jaw crusher which was cleaned with a silica abrasive | |||
| • | In cases where ‘industry standard’ work has | between samples resulting in 90% of the sample | ||
| been done this would be relatively simple | passing through an 8 mesh screen. A split of the | |||
| (eg ‘reverse circulation drilling was used to | crushed sample weighing 1000g was then pulverised | |||
| obtain 1m samples from which 3 kg was | to 90% passing a 150 mesh screen. Sample pulps | |||
| pulverised to produce a 30 g charge for fire | were analysed for gold by Fire Assay using 50g sample | |||
| assay’). In other cases, more explanation | charge with atomic absorption spectroscopy (AAS) | |||
| may be required, such as where there is | finish. If the returned assay result was equal to or | |||
| coarse gold that has inherent sampling | greater than 5g/t then the sample was re-assayed by | |||
| problems. Unusual commodities or | Fire Assay with a gravimetric finish. samples undergo | |||
| mineralisation types (eg submarine | the same preparation and analysis techniques | |||
| nodules) may warrant disclosure of detailed | previously used for PC Gold. | |||
| information. |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| • | All samples >10g/t gold and samples collected and | |||
| suspected of nuggety gold were additionally sent for | ||||
| pulpmetallics analysis. | ||||
| Drilling techniques | • | Drill type (eg core, reverse circulation, | • | All reported AuTECO drilling in this release is surface |
| open-hole hammer, rotary air blast, auger, | diamond drilling with a core diameter of 47.6mm (NQ) | |||
| 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). | ||||
| Drill sample recovery | • | Method of recording and assessing core | • | Recoveries are measured via measurement of the core |
| and chip sample recoveries and results | between blocks. | |||
| assessed. | • | RQD was recorded for all diamond drilling as per | ||
| • | Measures taken to maximise sample | industry standard and is indicative of ground conditions | ||
| recovery and ensure representative nature | and potential core loss. | |||
| of the samples. | • | All holes reported demonstrate excellent recoveries | ||
| • | Whether a relationship exists between | (>98% average) | ||
| sample recovery and grade and whether | • | A review of RQD results and recovery information does | ||
| sample bias may have occurred due to | not highlight a relationship between sample recovery | |||
| preferential loss/gain of fine/coarse | and grade or highlight any sample bias due to loss of | |||
| material. | material. | |||
| Logging | • | Whether core and chip samples have been | • | Auteco core samples were geologically logged. |
| geologically and geotechnically logged to a | Lithology, veining, alteration, mineralisation and | |||
| level of detail to support appropriate | weathering are all recorded in the geology table of the | |||
| Mineral Resource estimation, mining | drill hole database. | |||
| studies and metallurgical studies. | • | Geological logging of Diamond Core samples is | ||
| • | Whether logging is qualitative or | qualitative and descriptive in nature. | ||
| quantitative in nature. Core (or costean, | • | All holes quoted have been logged in their entirety. | ||
| channel, etc) photography. | ||||
| • | The total length and percentage of the | |||
| relevant intersections logged. | ||||
| Sub-sampling techniques | • | If core, whether cut or sawn and whether | • | All drilling quoted Auteco exploration is.NQ diameter |
| and sample preparation | quarter, half or all core taken. | (47.6mm) drill core recovered from drilling. | ||
| • | If non-core, whether riffled, tube sampled, | • | The core was sawn in half following a sample cutting | |
| rotary split, etc and whether sampled wet or | line determined by geologists during logging and | |||
| dry. | submitted for analysis on nominal 1m intervals or | |||
| • | For all sample types, the nature, quality and | defined by geological boundaries determined by the | ||
| appropriateness of the sample preparation | logging geologist. | |||
| technique. | • | This sampling technique is industry standard and | ||
| • | Quality control procedures adopted for all | deemed appropriate. | ||
| sub-sampling stages to maximise | • | Auteco QA/QC protocols include the use of crush | ||
| representivity of samples. | duplicates, ¼ core field duplicates, the insertion of | |||
| • | Measures taken to ensure that the sampling | certified reference materials (CRM’s) including low, | ||
| is representative of the in-situ material | medium and high-grade standards and coarse blanks. | |||
| collected, including for instance results for | • | This was accomplished by inserting the QA/QC | ||
| field duplicate/second-half sampling. | samples sequentially in the drill core sample | |||
| • | Whether sample sizes are appropriate to | numbering system. One set of the four QA/QC types | ||
| the grain size of the material being | were inserted every 25 samples consisting of 1 crush | |||
| sampled. | duplicate, 1 ¼ split field duplicate, 1 CRM (altering | |||
| between low, medium and high standard) and 1 blank. | ||||
| • | Sample size is deemed industry standard for Orogenic | |||
| Gold deposits. | ||||
| Quality of assay data and | • | The nature, quality and appropriateness of | • | Samples were submitted to AGAT Laboratories in |
| laboratory tests | the assaying and laboratory procedures | Thunder Bay for analysis. | ||
| used and whether the technique is | • | Samples were prepared for analysis using a jaw | ||
| considered partial or total. | crusher which was cleaned with a silica abrasive | |||
| • | For geophysical tools, spectrometers, | between samples resulting in 90% of the sample | ||
| handheld XRF instruments, etc, the | passing through an 8 mesh screen. A split of the | |||
| parameters used in determining the | crushed sample weighing 1000g was then pulverised | |||
| analysis including instrument make and | to 90% passing a 150 mesh screen. Sample pulps | |||
| were analysed forgold byFire Assayusing50gsample |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| model, reading times, calibrations factors | charge with atomic absorption spectroscopy (AAS) | |||
| applied and their derivation, etc. | 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 | ||
| adopted (eg standards, blanks, duplicates, | Fire Assay with a gravimetric finish. | |||
| external laboratory checks) and whether | • | In addition to the Company QAQC samples (described | ||
| acceptable levels of accuracy (i.e. lack of | earlier) included within the batch the laboratory | |||
| bias) and precision have been established. | 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. | ||||
| • | The analysis method is industry standard for high | |||
| gradequartz lode systems | ||||
| Verification of sampling and | • | The verification of significant intersections | • | There are no twinned holes in the dataset but a |
| assaying | by either independent or alternative | comparison of the results of different drilling | ||
| company personnel. | generations showed that results were comparable. In | |||
| • | The use of twinned holes. | addition previous operators have duplicated and | ||
| • | Documentation of primary data, data entry | verified results by re-sampling historical core. | ||
| procedures, data verification, data storage | • | All logging data was completed, core marked up, | ||
| (physical and electronic) protocols. | logging and sampling data was entered directly into the | |||
| • | Discuss any adjustment to assay data. | the AcQUIRE database on logging tablets. | ||
| • | The logged data is stored on the server directly, and in | |||
| turn 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. | ||||
| Location of data points | • | Accuracy and quality of surveys used to | • | Auteco drilling has been surveyed with a hand-held |
| locate drill holes (collar and down-hole | GPS to an accuracy of less than 3m. | |||
| surveys), trenches, mine workings and | • | For Auteco drilling subject to this release down hole | ||
| other locations used in Mineral Resource | surveys have been conducted by a REFLEX North | |||
| estimation. | Seeking Gyro. | |||
| • | Specification of the grid system used. | • | All location data is in UTM grid (NAD83 Zone 15) | |
| • | Quality and adequacy of topographic | except where noted. | ||
| control. | • | Topographic Control for PC Gold and Auteco drilling | ||
| (PC- and AUDD* prefix) is from a DTM created | ||||
| generated from a LIDAR surveys completed in 2008 | ||||
| and 2021, and are to an accuracy of <1m and verified | ||||
| bydrill collar surveys. |
Error! Unknown document property name.
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Data spacing and | • | Data spacing for reporting of Exploration | • | Due to the nature of mineralisation the hole spacing is |
| distribution | Results. | highly variable and of a progressive exploration in | ||
| • | Whether the data spacing, and distribution | nature. | ||
| is sufficient to establish the degree of | • | Data spacing is considered sufficient to establish | ||
| geological and grade continuity appropriate | geological and grade continuities for mineral resource | |||
| for the Mineral Resource and Ore Reserve | estimation at the Inferred Category | |||
| estimation procedure(s) and classifications | • | No sample compositing was applied. | ||
| 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 | ||
| structures and the extent to which this is | of the intersected mineralisation. Drilling was typically | |||
| 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 | ||
| should be assessed and reported if | drilling perpendicular to mineralized bodies there is | |||
| material. | limited bias introduced bydrillhole orientation. | |||
| Sample security | • | The measures taken to ensure sample | • | Once the core samples are cut, bagged and sealed |
| security. | 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. | ||||
| 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) in addition to all | ||||
| Auteco data. |
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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 | • | Type, reference name/number, location and | • |
The mineral concessions of the Pickle Crow project |
| land tenure status | ownership including agreements or material | consist of 106 patented mining claims covering | ||
| issues with third parties such as joint | 1,712ha and 88 contiguous, unpatented claims | |||
| ventures, partnerships, overriding royalties, | covering approximately 14,048ha. Of the 106 | |||
| native title interests, historical sites, | patented claims 98 (the Pickle Crow Lease) are held | |||
| wilderness or national park and | in the name of Teck Cominco Limited (Teck) and 8 | |||
| environmental settings. | are held in the name of PC Gold. The unpatented | |||
| • | The security of the tenure held at the time | claims are held in the name of PC gold. PC Gold has | ||
| of reporting along with any known | a lease on the 98 patented claims held by Teck | |||
| impediments to obtaining a license to | which expires in 2067. These leasehold claims are | |||
| operate in the area. | subject to two net smelter return (NSR) royalties | |||
| totaling 1.25%. The other 8 patented claims (the | ||||
| 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. | ||||
| • | Auteco currently holds 70% of the project | |||
| • | Auteco 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). | ||||
| Exploration done by | • | Acknowledgment and appraisal of | • | The first government survey of the area was |
| other parties | exploration by other parties. | performed 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 |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| 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 during this period as well. | ||
| Ground and 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 |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| 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 style of | • |
The Pickle Crow Gold Deposit is considered to be an |
| 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 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 the | • |
Refer to Appendix A in ASX release’s 28/01/2020, |
| understanding of the exploration results | 26/03/2020, 29/06/2020, 01/09/2020, 11/11/2020, | |||
| including a tabulation of the following | 19/01/2021, 07/04/2021, 16/06/2021, 15/07/2021, | |||
| information for all Material drill holes: | 02/08/2021, 05/10/202, 02/12/20211, 18/1/2022, | |||
oeasting and northing of the drill hole |
3/5/2022, 23/6/2022, 11/10/2022 as well as the | |||
| collar | current release for drill hole information for all | |||
oelevation or RL (Reduced Level – |
reported drill holes for this JORC 2012 Table 1 and | |||
| elevation above sea level in meters) of | in accordance with ASX listing rule 5.7.2. | |||
| the drill hole collar | ||||
odip and azimuth of the hole |
||||
odown hole length and interception depth |
||||
ohole length. |
||||
| • | If the exclusion of this information is | |||
| justified on the basis that the information is | ||||
| not Material and this exclusion does not | ||||
| detract from the understanding of the | ||||
| report, the Competent Person should | ||||
| clearlyexplain whythis is the case. | ||||
| Data aggregation | • | In reporting Exploration Results, weighting | • | All drill hole intersections are reported above a lower |
| methods | averaging techniques, maximum and/or | cut-off grade of 0.5g/t Gold or 1g/t as indicated, with | ||
| minimum grade truncations (eg cutting of | no upper cut off grade has been applied. A maximum | |||
| high grades) and cut-off grades are usually | of 1m internal waste was allowed. Tabulated results | |||
| Material and should be stated. | are presented in ASX announcements 28/01/2020, | |||
| • | Where aggregate intercepts incorporate | 26/03/2020, 29/06/2020, 01/09/2020, 11/11/2020, | ||
| short lengths of high-grade results and | 19/01/2021, 07/04/2021, 16/06/2021, 15/07/2021, | |||
| longer lengths of low-grade results, the | 02/08/2021, 05/10/2021, 02/12/2021, 18/1/2022, | |||
| procedure used for such aggregation | 3/5/2022, 23/6/2022, 11/10/2022 and Appendix A of | |||
| should be stated and some typical | this release) | |||
| examples of such aggregations should be | • | Metal equivalent values are not used | ||
| shown in detail. | ||||
| • | The assumptions used for any reporting of | |||
| metal equivalent values should be clearly | ||||
| stated. |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Relationship between | • | These relationships are particularly | • | All intersections reported in the body of this release |
| mineralisation widths | important in the reporting of Exploration | are down hole | ||
| and intercept lengths | Results. | • | The majority of the drill holes are drilled as close to | |
| • | If the geometry of the mineralisation with | orthogonal to the plane of the mineralized lodes as | ||
| respect to the drill hole angle is known, its | possible. A number of drill holes have intersected the | |||
| nature should be reported. | mineralisation at high angles. | |||
| • | If it is not known and only the down hole | • | Only down hole lengths are reported. | |
| 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 should | release as deemed appropriate by the competent | |||
| be included for any significant discovery | person. | |||
| 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 |
| Exploration Results is not practicable, | drilling quoted in this release have been reported in | |||
| representative reporting of both low and | ASX announcements 28/01/2020, 26/03/2020 and | |||
| high grades and/or widths should be | Appendix A of this release) | |||
| practiced to avoid misleading reporting of | • | All results above 0.5g/t lower cut-off or 1g/t quoted in | ||
| Exploration Results. | 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, | ||||
| 05/10/2021, 02/12/2021, 18/1/2022, 3/5/2022, | ||||
| 23/6/2022, 11/10/2022 and Appendix A of this | ||||
| release) | ||||
| Other substantive | • | Other exploration data, if meaningful and | • | Appropriate plans are included in the body of this |
| exploration data | material, should be reported including (but | release. | ||
| 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 | |||
| depth extensions or large-scale step-out | infill drilling of existing lodes to further enhance the | |||
| drilling). | resources quoted in this release. More information is | |||
| • | Diagrams clearly highlighting the areas of | presented in the body of this report. | ||
| possible extensions, including the main | • | Diagrams in the main body of this release show | ||
| geological interpretations and future drilling | areas of possible resource extension on existing | |||
| areas, provided this information is not | lodes. The company continues to identify and assess | |||
| commercially sensitive. | multiple other target areas within the property | |||
| boundaryfor additional resources. |
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