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FireFly Metals Ltd. — Capital/Financing Update 2022
Oct 10, 2022
48548_rns_2022-10-10_b680a802-c509-4374-8340-ac414ce17721.pdf
Capital/Financing Update
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ASX: AUT 11 October 2022
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ASX ANNOUNCEMENT
Pickle Crow Gold Project, Canada
Sampling returns results up to 569g/t just 6km from 2.2Moz Resource
Bonanza results highlight potential for a large regional inventory, with numerous targets to be drilled in coming months; Resource update set for early 2023
KEY POINTS
- Exceptional exploration results continue to demonstrate the immense potential to expand the 2.23Moz at 7.8 g/t Inferred gold Resource at Pickle Crow
DISTRICT-SCALE POTENTIAL
-
Sampling of outcropping veins at the Metcalf prospect returned highly significant results, including assays of 569.0g/t, 35.5g/t, 27.4g/t and 9.0g/t gold.
-
The Metcalf prospect is located on the Tarp Lake shear ~6km north-west of the current 2.23Moz Resource
-
Drilling to start this quarter at Metcalf and other regional targets
NEAR-MINE DRILLING
-
Drilling at Pickle Crow continues to yield strong results that point to significant growth in the 2.23Moz Resource. Key results include:
-
0.4m @ 91.0 g/t gold from 149.0m AUDD0319 (Vein Hosted)
-
0.4m @ 32.2 g/t gold from 30.4m AUDD0327 (Vein Hosted)
-
0.5m @ 23.6 g/t gold from 784.3m AUDD0290 (Vein Hosted)
-
1.5m @ 20.2 g/t gold from 488.0m AUDD0298 (BIF Hosted)
-
1.8m @ 8.3 g/t gold from 50.7m AUDD0330 (Vein Hosted)
-
2.2m @ 5.5 g/t gold from 371.0m AUDD0294 (BIF Hosted)
-
5.0m @ 1.9 g/t gold from 294.0m AUDD0286 (BIF Hosted)
-
8.0m @ 1.8 g/t gold from 245.0m AUDD0281 (BIF Hosted)
-
Step-out drilling is in progress at the Tyson veins with results expected imminently
-
AuTECO remains well funded for its exploration programs, with A$17.4M in cash and receivables at 30 June 2022
AuTECO Minerals Ltd (AUT:ASX) is pleased to report exceptional sampling results just 6km form the 2.23Moz Resource at the Pickle Crow gold project in Ontario, Canada.
The results are considered particularly important because they demonstrate the scope to increase the Resource based on regional discoveries as well as ongoing near-mine exploration.
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 Ground Floor Darren Cooke - Chief Executive Officer E: [email protected] 24 Outram Street William Nguyen - CFO & Joint Company Secretary W: www.autecominerals.com West Perth WA 6005 Maddison Cramer - Joint Company Secretary
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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:
“These results provide strong evidence to support our view that we have an entire mineral district, which includes the Pickle Crow deposit.
“We will drill these outstanding regional targets over coming months as part of our strategy to continue growing the inventory, with a Resource update set for early 2023.
“AuTECO is fully funded to continue the exploration and growth campaign with two rigs planned to drill for the remainder of 2022”.
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Summary map showing AuTECO tenure with recent and historical drilling intersections relative to the current Resource and the historic Pickle Crow mine. Also noted are the location of surface samples reported in this release. Please refer to ASX release dated 26 March 2020 for further details on historical intersections.
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Details of Latest Results:
This release contains results from both near-mine and regional exploration activities. 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).
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.
Regional Exploration Results
Regional exploration activities in recent months have focused on regional mapping, sampling and target generation. Due to climatic conditions and snow covering the surface, the field mapping season is between April and October.
Summer Seasonal Field Activities
Extensive mapping and sampling campaigns have been undertaken on the 500km[2] of exploration tenure, with a focus on the Tarp Lake and Cohen MacArthur shear zones. Numerous previously unknown veins structures have been identified. Rock chip sampling of veins has yielded highly anomalous results (Figure 1).
The Metcalf target, located on the Tarp Lake Shear returned rock chip results including 569.0g/t, 27.4g/t and 9.0g/t gold. This surface vein expression confirms the presence of a significant vein system, with historical drill intersections including 1.8m @ 66.9g/t and 1.8m @ 28.5g/t gold.
Approximately 3km south of Metcalf on the Tarp Lake shear, a rock chip sample of 35.5g/t gold was collected from an outcropping vein. These results confirm that the Tarp Lake Shear is a major regional gold bearing structure with strong potential for a significant discovery.
Other areas mapped and sampled include Cohen MacArthur target, with anomalous rock chips of up to 3.8g/t gold returned.
Preparations are in progress to drill test both the Metcalf, Tarp Lake and Cohen MacArthur propsects during the winter drill campaign.
Geophysical Data Acquisition
Lease wide collection of magnetic data is in progress over the entire 500km[2] of exploration tenure under management by AuTECO. Helicopter based acquisition is being flown conducted at 100 metre line spacing over the regional areas and 50 metre spacing near the main Pickle Crow deposit. Although ~60% complete, preliminary imaging shows a marked improvement in comparison to the existing data set (Figure 2).
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Figure 1: Map showing the location and key results of rock chip samples collected in August September 2022
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Figure 2: Progress to date of the lease-wide heli mag geophysical acquisition (in progress). Results to date show numerous geological targets in addition to refinement of the geological interpretation
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Near-Mine Results
Drilling has continued to focus on Resource growth potential in the historic Shaft 1 and Shaft 3 areas of Pickle Crow (Figure 3).
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Figure 3: Summary map showing AuTECO near mine drilling intersections. Please note that results from this release are highlighted in beige.
Recent drilling focused on extensions to the Vein 5 vein structure. Historically, more than 200,000 ounces of gold was 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: o 0.4m @ 91.0 g/t gold from 149.0m AUDD0319
-
0.4m @ 32.2 g/t gold from 30.4m AUDD0327
-
1.8m @ 8.3 g/t gold from 50.7m AUDD0330
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Near-mine exploration drilling has been conducted to test for mineralisation hosted in banded iron formation (BIF). Mineralisation within the BIF occurs in veins surrounded by a gold-bearing sulphide halo. The widths observed in historical intersections indicate the potential for bulk mining extraction within BIF style mineralisation. Recent BIF-hosted results include:
-
1.5m @ 20.2 g/t gold from 488.0m AUDD0298 (BIF Hosted)
-
2.2m @ 5.5 g/t gold from 371.0m AUDD0294 (BIF Hosted)
-
3.8m @ 3.5 g/t gold from 339.2m AUDD0278 (BIF Hosted)
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5.0m @ 1.9 g/t gold from 294.0m AUDD0286 (BIF Hosted)
-
8.0m @ 1.8 g/t gold from 245.0m AUDD0281 (BIF Hosted)
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.
In order to preserve cash, the number of drill rigs has been reduced to two.
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 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 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 16 g/t gold.
The Company also has 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, 5/10/2021, 2/12/2021, 18/1/2022, 15/2/2022, 3/5/2022 and 23/6/2022. 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 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.
NOTE
The Company’s Mineral Resource estimate referred to in this announcement 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 (Million oz) |
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.
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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.
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 |
From |
To |
Width |
Assay g/t |
Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | Au | |||||||
| AUDD0274 | 707,099 | 5,712,383 | 348 | 180 | 55 | 279 | No sig assays | ||||
| AUDD0275 | 703,459 | 5,708,965 | 353 | 180 | 60 | 348 | 174.00 | 175.05 | 1.05 | 1.46 | |
| 333.30 | 334.00 | 0.70 | 1.10 | ||||||||
| AUDD0276 | 706,178 | 5,711,456 | 346 | 180 | 65 | 237 | 30.80 | 31.25 | 0.45 | 2.44 | |
| 202.95 | 203.35 | 0.40 | 14.60 | ||||||||
| AUDD0277 | 704,452 | 5,709,778 | 349 | 300 | 55 | 228 | No sig assays | ||||
| AUDD0278 | 704,507 | 5,709,771 | 348 | 300 | 56 | 354 | 339.20 | 343.00 | 3.80 | 3.49 | |
| 345.00 | 349.30 | 4.30 | 1.18 | ||||||||
| AUDD0279 | 704,550 | 5,709,750 | 349 | 300 | 63 | 579 | 358.75 | 359.30 | 0.55 | 5.66 | |
| 527.05 | 527.45 | 0.40 | 2.16 | ||||||||
| AUDD0280 | 703,454 | 5,709,025 | 350 | 180 | 55 | 348 | 253.10 | 254.10 | 1.00 | 1.04 | |
| 258.10 | 259.10 | 1.00 | 1.33 | ||||||||
| 266.70 | 267.10 | 0.40 | 1.36 | ||||||||
| 273.40 | 273.85 | 0.45 | 1.33 | ||||||||
| AUDD0281 | 703,508 | 5,709,062 | 351 | 180 | -60 | 399 | 245.00 | 253.00 | 8.00 | 1.82 | |
| AUDD0282 | 705,489 | 5,711,249 | 354 | 115 | 73 | 456 | 60.25 | 61.40 | 1.15 | 0.52 | |
| AUDD0283 | 704,508 | 5,709,691 | 348 | 300 | 67 | 153 | No sig assays | ||||
| AUDD0284 | 704,506 | 5,709,715 | 348 | 300 | 70 | 582 | No sig assays | ||||
| AUDD0285 | 703,570 | 5,709,042 | 350 | 180 | 55 | 363 | 15.20 | 15.60 | 0.40 | 8.49 | |
| AUDD0286 | 705,433 | 5,711,199 | 352 | 180 | 55 | 498 | 110.20 | 110.60 | 0.40 | 1.21 | |
| 118.00 | 119.80 | 1.80 | 2.49 | ||||||||
| 159.00 | 163.90 | 4.90 | 1.34 | ||||||||
| 170.70 | 171.10 | 0.40 | 1.04 | ||||||||
| 276.85 | 277.30 | 0.45 | 1.40 | ||||||||
| 281.10 | 284.00 | 2.90 | 1.12 | ||||||||
| 288.65 | 289.50 | 0.85 | 3.21 | ||||||||
| 294.00 | 299.00 | 5.00 | 1.91 |
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| Hole No. | Easting | Northing | Elevation | Azimuth | Dip | Drilled Length |
From |
To |
Width |
Assay g/t |
Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | Au | |||||||
| 303.00 | 306.00 | 3.00 | 1.63 | ||||||||
| 476.70 | 477.10 | 0.40 | 1.39 | ||||||||
| AUDD0287 | 704,450 | 5,709,740 | 349 | 300 | 68 | 450 | 233.00 | 234.00 | 1.00 | 2.33 | |
| AUDD0288 | 705,367 | 5,711,157 | 344 | 180 | 55 | 540 | 210.10 | 210.85 | 0.75 | 1.49 | |
| 460.85 | 461.65 | 0.80 | 1.07 | ||||||||
| 471.70 | 472.15 | 0.45 | 0.70 | ||||||||
| 487.95 | 488.35 | 0.40 | 6.51 | ||||||||
| AUDD0289 | 704,448 | 5,709,738 | 349 | 300 | 65 | 321 | 219.75 | 221.05 | 1.30 | 5.29 | |
| 287.80 | 288.20 | 0.40 | 5.70 | ||||||||
| 318.70 | 319.15 | 0.45 | 2.83 | ||||||||
| AUDD0289 A |
704,448 | 5,709,738 | 349 | 300 | 65 | 24 | No sig assays | ||||
| AUDD0290 | 705,510 | 5,711,055 | 348 | 250 | 73 | 870 | 133.55 | 136.10 | 2.55 | 1.58 | |
| 155.90 | 159.05 | 3.15 | 1.00 | ||||||||
| 167.00 | 169.00 | 2.00 | 1.53 | ||||||||
| 194.00 | 195.80 | 1.80 | 1.15 | ||||||||
| 272.55 | 274.20 | 1.65 | 2.28 | ||||||||
| 396.60 | 397.80 | 1.20 | 0.82 | ||||||||
| 400.30 | 400.95 | 0.65 | 1.76 | ||||||||
| 524.15 | 525.00 | 0.85 | 4.00 | ||||||||
| 548.95 | 549.40 | 0.45 | 1.75 | ||||||||
| 619.30 | 620.15 | 0.85 | 1.14 | ||||||||
| 645.40 | 649.75 | 4.35 | 1.36 | ||||||||
| 672.70 | 673.10 | 0.40 | 1.12 | ||||||||
| 675.95 | 677.25 | 1.30 | 1.34 | ||||||||
| 784.30 | 784.80 | 0.50 | 23.60 | ||||||||
| 802.65 | 806.00 | 3.35 | 1.26 | ||||||||
| 834.70 | 835.10 | 0.40 | 1.18 | ||||||||
| 839.25 | 840.00 | 0.75 | 1.99 | ||||||||
| AUDD0290 A |
705,510 | 5,711,055 | 348 | 250 | 74 | 253 | 181.40 | 181.85 | 0.45 | 0.84 | |
| 219.60 | 223.40 | 3.80 | 2.04 | ||||||||
| 242.00 | 244.10 | 2.10 | 2.27 | ||||||||
| 126.35 | 126.75 | 0.40 | 0.69 | ||||||||
| 130.50 | 130.90 | 0.40 | 1.27 | ||||||||
| 170.45 | 170.90 | 0.45 | 0.54 | ||||||||
| AUDD0291 | 705,236 | 5,711,063 | 341 | 180 | 55 | 87 | 43.00 | 44.95 | 1.95 | 1.91 | |
| AUDD0292 | 705,236 | 5,711,063 | 341 | 180 | 60 | 516 | 279.25 | 281.40 | 2.15 | 1.12 | |
| 307.45 | 307.90 | 0.45 | 1.44 | ||||||||
| 311.50 | 311.90 | 0.40 | 1.24 | ||||||||
| 429.80 | 432.00 | 2.20 | 1.47 |
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| Hole No. | Easting | Northing | Elevation | Azimuth | Dip | Drilled Length |
From |
To |
Width |
Assay g/t |
Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | Au | |||||||
| 433.90 | 434.65 | 0.75 | 0.69 | ||||||||
| 457.95 | 458.50 | 0.55 | 1.20 | ||||||||
| 492.70 | 494.70 | 2.00 | 3.31 | ||||||||
| AUDD0293 | 705,735 | 5,711,556 | 346 | 135 | -65 | 639 | 271.90 | 272.85 | 0.95 | 0.71 | Partial Assay |
| 275.20 | 276.45 | 1.25 | 1.63 | ||||||||
| 279.75 | 283.15 | 3.40 | 0.61 | ||||||||
| 282.15 | 283.15 | 1.00 | 1.01 | ||||||||
| 286.90 | 287.75 | 0.85 | 1.34 | ||||||||
| 295.20 | 295.60 | 0.40 | 1.65 | ||||||||
| 351.50 | 352.50 | 1.00 | 3.03 | ||||||||
| 356.80 | 357.20 | 0.40 | 1.16 | ||||||||
| 390.30 | 390.70 | 0.40 | 1.02 | ||||||||
| 497.80 | 498.60 | 0.80 | 1.70 | ||||||||
| 539.25 | 540.25 | 1.00 | 1.16 | ||||||||
| AUDD0294 | 705,002 | 5,711,510 | 336 | 160 | -82 | 777 | 45.00 | 46.00 | 1.00 | 1.70 | Partial Assay |
| 347.55 | 348.00 | 0.45 | 0.53 | ||||||||
| 350.50 | 351.50 | 1.00 | 1.41 | ||||||||
| 355.55 | 355.95 | 0.40 | 5.48 | ||||||||
| 371.00 | 373.20 | 2.20 | 5.54 | ||||||||
| 534.05 | 534.90 | 0.85 | 0.80 | ||||||||
| 649.45 | 650.50 | 1.05 | 2.02 | ||||||||
| AUDD0295 | 705,735 | 5,711,556 | 346 | 135 | -73 | 401 | 54.00 | 55.15 | 1.15 | 1.17 | |
| AUDD0296 | 703,510 | 5,709,160 | 364 | 150 | -60 | 468 | 172.80 | 173.20 | 0.40 | 4.39 | |
| 284.10 | 285.00 | 0.90 | 1.35 | ||||||||
| 319.90 | 320.90 | 1.00 | 1.60 | ||||||||
| 323.40 | 324.20 | 0.80 | 2.17 | ||||||||
| 406.75 | 407.15 | 0.40 | 1.28 | ||||||||
| AUDD0297 | 705,735 | 5,711,556 | 346 | 320 | -50 | 285 | 50.25 | 51.00 | 1.75 | 0.63 | |
| 236.80 | 237.20 | 0.40 | 1.66 | ||||||||
| AUDD0298 | 703,510 | 5,709,160 | 364 | 150 | -71 | 540 | 287.80 | 288.20 | 0.40 | 5.70 | |
| 297.05 | 297.45 | 0.40 | 0.55 | ||||||||
| 318.70 | 319.15 | 0.45 | 2.83 | ||||||||
| 372.45 | 373.25 | 0.80 | 3.57 | ||||||||
| 377.10 | 377.55 | 0.45 | 1.92 | ||||||||
| 480.45 | 481.70 | 1.25 | 1.58 | ||||||||
| 488.00 | 489.50 | 1.50 | 20.20 | ||||||||
| inc: | 488.00 | 488.45 | 0.45 | 48.10 | |||||||
| inc: | 488.45 | 489.00 | 0.55 | 11.90 | |||||||
| AUDD0299 | 705,998 | 5,711,690 | 347 | 120 | 75 | 576 | 310.00 | 311.00 | 1.00 | 1.68 |
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| Hole No. | Easting | Northing | Elevation | Azimuth | Dip | Drilled Length |
From |
To |
Width |
Assay g/t |
Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | Au | |||||||
| 325.00 | 326.00 | 1.00 | 0.52 | ||||||||
| 343.85 | 344.80 | 0.95 | 0.73 | ||||||||
| 383.70 | 384.50 | 0.80 | 1.08 | ||||||||
| 429.10 | 429.68 | 0.58 | 0.68 | ||||||||
| 439.70 | 442.55 | 2.85 | 0.48 | ||||||||
| 498.90 | 499.60 | 0.70 | 3.83 | ||||||||
| 649.45 | 650.50 | 1.05 | 2.02 | ||||||||
| AUDD0299 A |
705,998 | 5,711,690 | 347 | 120 | 75 | 81 | No sig assays | ||||
| AUDD0299 B |
705,998 | 5,711,690 | 347 | 120 | 75 | 93 | No sig assays | ||||
| AUDD0300 | 705,998 | 5,711,690 | 347 | 120 | 60 | 450 | 92.38 | 92.78 | 0.40 | 1.00 | |
| 108.90 | 109.42 | 0.52 | 1.46 | ||||||||
| 109.88 | 110.28 | 0.40 | 1.54 | ||||||||
| 202.30 | 202.95 | 0.65 | 1.89 | ||||||||
| 252.38 | 253.35 | 0.97 | 1.30 | ||||||||
| 283.85 | 284.35 | 0.50 | 1.07 | ||||||||
| 291.90 | 292.35 | 0.45 | 1.44 | ||||||||
| 310.30 | 310.70 | 0.40 | 1.03 | ||||||||
| 329.55 | 329.95 | 0.40 | 1.96 | ||||||||
| 341.80 | 342.20 | 0.40 | 1.06 | ||||||||
| 410.05 | 411.25 | 1.20 | 2.15 | ||||||||
| AUDD0301 | 706,049 | 5,711,734 | 349 | 110 | 69 | 363 | 126.55 | 126.95 | 0.40 | 3.38 | |
| 344.20 | 346.40 | 2.20 | 1.08 | ||||||||
| AUDD0302 | 706,049 | 5,711,734 | 349 | 128 | 55 | 438 | 58.75 | 59.20 | 0.45 | 1.38 | |
| 195.00 | 196.45 | 1.45 | 1.36 | ||||||||
| 233.90 | 234.90 | 1.00 | 1.13 | ||||||||
| 322.80 | 323.20 | 0.40 | 2.16 | ||||||||
| AUDD0303 | 703,985 | 5,709,669 | 341 | 160 | 55 | 387 | 234.40 | 234.80 | 0.40 | 2.90 | |
| 255.80 | 258.00 | 2.20 | 1.78 | ||||||||
| 329.50 | 330.10 | 0.60 | 4.09 | ||||||||
| AUDD0304 | 705,998 | 5,711,690 | 350 | 150 | -65 | 465 | 238.00 | 240.00 | 2.00 | 1.49 | |
| 242.55 | 243.10 | 0.55 | 1.66 | ||||||||
| 351.00 | 352.00 | 1.00 | 2.08 | ||||||||
| 441.00 | 443.00 | 2.00 | 0.96 | ||||||||
| AUDD0305 | 704,440 | 5,710,550 | 351 | 160 | -65 | 405 | 70.10 | 71.10 | 1.00 | 0.73 | |
| 284.90 | 286.05 | 1.15 | 2.58 | ||||||||
| AUDD0306 | 705,998 | 5,711,690 | 350 | 150 | -52 | 426 | 174.75 | 175.90 | 1.15 | 0.79 | |
| inc: | 174.75 | 175.30 | 0.55 | 0.93 | |||||||
| 426 | 197.00 | 198.00 | 1.00 | 0.75 |
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| Hole No. | Easting | Northing | Elevation | Azimuth | Dip | Drilled Length |
From |
To |
Width |
Assay g/t |
Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | Au | |||||||
| 221.40 | 221.80 | 0.40 | 0.52 | ||||||||
| 225.15 | 225.55 | 0.40 | 2.83 | ||||||||
| 245.05 | 245.45 | 0.40 | 1.91 | ||||||||
| 293.40 | 294.80 | 1.40 | 3.21 | ||||||||
| 426 | 304.45 | 307.90 | 3.45 | 2.11 | |||||||
| inc: | 305.90 | 306.40 | 0.50 | 12.70 | |||||||
| 426 | 371.90 | 372.60 | 0.70 | 0.60 | |||||||
| AUDD0307 | 704,436 | 5,710,634 | 343 | 160 | -65 | 450 | 37.10 | 38.60 | 1.50 | 2.35 | |
| 782.60 | 183.60 | 1.00 | 1.09 | ||||||||
| 299.95 | 301.00 | 1.05 | 2.76 | ||||||||
| AUDD0308 | 706,152 | 5,711,627 | 355 | 190 | -50 | 296 | 19.50 | 26.43 | 6.93 | 1.68 | Partial Assay |
| 36.90 | 37.48 | 0.58 | 1.83 | ||||||||
| 101.52 | 104.13 | 2.61 | 1.27 | ||||||||
| 136.33 | 138.08 | 1.75 | 3.21 | ||||||||
| 143.80 | 144.55 | 0.75 | 1.02 | ||||||||
| 146.57 | 147.24 | 0.67 | 1.64 | ||||||||
| 150.87 | 151.85 | 0.98 | 1.10 | ||||||||
| 203.95 | 206.00 | 2.05 | 1.45 | ||||||||
| 208.10 | 209.00 | 0.90 | 1.04 | ||||||||
| 224.36 | 224.90 | 0.54 | 5.76 | ||||||||
| 259.00 | 260.05 | 1.05 | 3.24 | ||||||||
| AUDD0309 | 704,036 | 5,709,422 | 351 | 160 | -50 | 105 | 39.45 | 39.85 | 0.40 | 1.18 | |
| 49.85 | 50.35 | 0.50 | 2.10 | ||||||||
| AUDD0310 | 705,888 | 5,711,695 | 343 | 176 | -69 | 624 | 37.15 | 38.65 | 1.50 | 0.77 | Partial Assay |
| 63.40 | 66.35 | 2.95 | 0.98 | ||||||||
| AUDD0311 | 704,625 | 5,711,306 | 338 | 160 | -58 | 895 | 164.45 | 165.15 | 0.70 | 3.23 | Partial Assay |
| AUDD0311 A |
704,625 | 5,711,306 | 338 | 160 | -58 | 204 | 45.70 | 46.20 | 1.30 | 1.09 | |
| AUDD0312 | 704,025 | 5,709,450 | 351 | 160 | -50 | 141 | Awaiting Assay | ||||
| AUDD0313 | 704,055 | 5,709,456 | 351 | 160 | -55 | 135 | Awaiting Assay | ||||
| AUDD0314 | 704,066 | 5,709,426 | 351 | 160 | -56 | 102 | Awaiting Assay | ||||
| AUDD0315 | 703,973 | 5,709,439 | 351 | 160 | -56 | 171 | Awaiting Assay | ||||
| AUDD0316 | 703,982 | 5,709,412 | 350 | 160 | -56 | 144 | Awaiting Assay | ||||
| AUDD0317 | 704,016 | 5,709,419 | 351 | 160 | -56 | 126 | Awaiting Assay | ||||
| AUDD0318 | 704,043 | 5,709,537 | 352 | 160 | -56 | 246 | Awaiting Assay | ||||
| AUDD0319 | 704,012 | 5,709,524 | 352 | 160 | -56 | 171 | 149.00 | 149.40 | 0.40 | 91.00 | Partial Assay |
| AUDD0320 | 703,995 | 5,709,458 | 351 | 160 | -56 | 171 | 147.70 | 148.65 | 0.95 | 2.42 | Partial Assay |
| AUDD0321 | 704,085 | 5,709,464 | 351 | 160 | -56 | 171 | Awaiting Assay |
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| Hole No. | Easting | Northing | Elevation | Azimuth | Dip | Drilled Length |
From |
To |
Width |
Assay g/t |
Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | Au | |||||||
| AUDD0322 | 704,095 | 5,709,438 | 351 | 160 | -56 | 129 | Awaiting Assay | ||||
| AUDD0323 | 704,120 | 5,709,460 | 351 | 160 | -61 | 150 | Awaiting Assay | ||||
| AUDD0324 | 704,087 | 5,709,416 | 351 | 160 | -56 | 120 | Awaiting Assay | ||||
| AUDD0325 | 704,177 | 5,709,476 | 351 | 160 | -46 | 129 | Awaiting Assay | ||||
| AUDD0326 | 704,208 | 5,709,467 | 351 | 160 | -46 | 60 | Awaiting Assay | ||||
| AUDD0327 | 704,321 | 5,709,526 | 350 | 160 | -56 | 60 | 30.35 | 30.75 | 0.40 | 32.20 | Partial Assay |
| AUDD0328 | 704,341 | 5,709,562 | 350 | 160 | -56 | 102 | 67.80 | 68.60 | 0.80 | 5.20 | Partial Assay |
| AUDD0329 | 704,349 | 5,709,541 | 350 | 160 | -56 | 60 | Awaiting Assay | ||||
| AUDD0330 | 704,285 | 5,709,534 | 351 | 160 | -56 | 105 | 50.70 | 52.45 | 1.75 | 8.26 | Partial Assay |
| AUDD0331 | 704,312 | 5,709,551 | 351 | 160 | -56 | 102 | Awaiting Assay | ||||
| AUDD0332 | 704,329 | 5,709,597 | 350 | 160 | -56 | Awaiting Assay | |||||
| AUDD0333 | 704,444 | 5,711,127 | 338 | 164 | -75 | Awaiting Assay | |||||
| RVDD0039 | 703,197 | 5,709,147 | 355 | 150 | 50 | 180 | 139.70 | 140.30 | 0.60 | 3.94 | |
| RVDD0040 | 703,114 | 5,709,129 | 363 | 150 | 50 | 147 | No sig assays | ||||
| RVDD0042 | 703,356 | 5,709,311 | 349 | 190 | 55 | 231 | 76.40 | 77.00 | 0.60 | 1.04 | Partial Assay |
| RVDD0044 | 703,418 | 5,709,479 | 350 | 190 | -56 | 309 | No sig assays | ||||
| RVDD0045 | 699,415 | 5,707,478 | 350 | 150 | -45 | 150 | No sig assays | ||||
| RVDD0046 | 703,418 | 5,709,479 | 350 | 140 | -50 | 357 | No sig assays | ||||
| RVDD0047 | 699,700 | 5,707,506 | 350 | 195 | -45 | 174 | 93.05 | 94.00 | 0.95 | 2.89 | |
| RVDD0048 | 700,080 | 5,707,470 | 350 | 205 | -45 | 150 | No sig assays | ||||
| RVDD0049 | 700,315 | 5,707,400 | 350 | 205 | -45 | 21 | No sig assays | ||||
| RVDD0050 | 698,488 | 5,707,578 | 350 | 200 | -45 | 156 | No sig assays | ||||
| RVDD0051 | 703,247 | 5,708,486 | 354 | 180 | -55 | 279 | 160.70 | 161.10 | 0.40 | 0.52 | |
| 211.00 | 211.40 | 0.40 | 2.22 | ||||||||
| 212.95 | 213.45 | 0.50 | 1.48 | ||||||||
| inc: | 262.60 | 263.50 | 0.90 | 14.71 | |||||||
| 262.60 | 263.00 | 0.40 | 30.20 | ||||||||
| RVDD0052 | 698,110 | 5,708,075 | 351 | 145 | -50 | 207 | 53.00 | 57.00 | 4.00 | 1.05 | |
| RVDD0053 | 698,110 | 5,708,075 | 351 | 205 | -50 | 150 | 79.80 | 80.35 | 0.55 | 1.34 | |
| RVDD0054 | 697,998 | 5,708,030 | 351 | 145 | -50 | 264 | No sig assays | ||||
| RVDD0055 | 703,077 | 5,708,328 | 355 | 180 | -55 | 297 | 152.10 | 153.10 | 1.00 | 1.28 | |
| 276.40 | 277.40 | 1.00 | 1.27 | ||||||||
| RVDD0056 | 697,998 | 5,708,030 | 351 | 205 | -50 | 156 | No sig assays | ||||
| RVDD0057 | 703,272 | 5,708,366 | 355 | 180 | -55 | 231 | 86.10 | 86.50 | 0.40 | 1.95 | |
| 146.85 | 147.30 | 0.45 | 1.37 | ||||||||
| 152.60 | 153.05 | 0.45 | 1.13 | ||||||||
| 182.90 | 183.30 | 0.40 | 1.49 |
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| Hole No. | Easting | Northing | Elevation | Azimuth | Dip | Drilled Length |
From |
To |
Width |
Assay g/t |
Comment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (m) | Au | |||||||
| RVDD0058 | 697,902 | 5,707,963 | 351 | 145 | -50 | 267 | No sig assays | ||||
| RVDD0059 | 703,337 | 5,708,474 | 350 | 180 | -55 | 285 | 51.75 | 52.30 | 0.55 | 1.47 | |
| 219.40 | 220.00 | 0.60 | 1.47 | ||||||||
| 226.30 | 230.35 | 4.05 | 3.44 | ||||||||
| inc: | 229.95 | 230.35 | 0.40 | 21.00 | |||||||
| RVDD0060 | 697,902 | 5,707,963 | 351 | 195 | -52 | 228 | No sig assays | ||||
| RVDD0061 | 697,902 | 5,707,963 | 351 | 325 | -50 | 162 | No sig assays | ||||
| RVDD0062 | 699,910 | 5,707,380 | 350 | 205 | 55 | 159 | No sig assays | ||||
| RVDD0063 | 699,930 | 5,707,340 | 350 | 0 | 50 | 225 | No sig assays | ||||
| RVDD0064 | 700,100 | 5,707,510 | 350 | 205 | -55 | 258 | No sig assays | ||||
| RVDD0065 | 700,200 | 5,707,470 | 350 | 205 | -55 | 171 | No sig assays | ||||
| RVDD0066 | 700,329 | 5,707,430 | 350 | 250 | -45 | 170 | No sig assays | ||||
| RVDD0067 | 703,510 | 5,709,160 | 364 | 320 | -55 | 191 | No sig assays | ||||
| RVDD0068 | 700,550 | 5,707,400 | 350 | 205 | -55 | 156 | No sig assays | ||||
| 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 | ||||||||
| 104.55 | 105.05 | 0.50 | 1.00 | ||||||||
| RVDD0070 | 702,270 | 5,708,070 | 350 | 180 | -55 | 225 | No sig assays | ||||
| RVDD0071 | 703,382 | 5,708,410 | 358 | 175 | -55 | 197 | 68.75 | 69.15 | 0.40 | 1.68 | |
| 145.30 | 145.70 | 0.40 | 34.60 | ||||||||
| RVDD0072 | 702,530 | 5,707,970 | 350 | 180 | -50 | 258 | No sig assays | ||||
| RVDD0073 | 703,391 | 5,708,510 | 359 | 175 | -55 | 348 | 237.45 | 238.20 | 0.75 | 1.75 | |
| RVDD0074 | 702,465 | 5,707,950 | 350 | 180 | -55 | 240 | No sig assays | ||||
| RVDD0075 | 702,465 | 5,707,950 | 350 | 240 | -55 | 234 | No sig assays | ||||
| RVDD0076 | 702,450 | 5,708,040 | 350 | 240 | -55 | 238 | No sig assays | ||||
| RVDD0077 | 702,720 | 5,708,390 | 350 | 160 | -55 | 261 | |||||
| RVDD0078 | 702,737 | 5,708,497 | 350 | 120 | -55 | 351 | No sig assays |
APPENDIX B: GEOCHEMICAL SAMPLING RESULTS TABLE 2: Surface Rock Chip Sampling Results– Auteco Field Sampling
All coordinates are in the UTM NAD 83 z15 grid
| Sample Number | Easting | Northing | Assay g/t Au |
Prospect |
|---|---|---|---|---|
| 1394501 | 702,435 | 5,708,039 | 0.001 | Springer |
| 1394502 | 702,435 | 5,708,039 | 0.001 | Springer |
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| Sample Number | Easting | Northing | Assay g/t Au |
Prospect |
|---|---|---|---|---|
| 1394503 | 703,661 | 5,716,396 | 0.001 | Tarp Lake Shear Zone |
| 1394504 | 703,616 | 5,716,442 | 0.002 | Tarp Lake Shear Zone |
| 1394505 | 703,850 | 5,716,304 | 0.001 | Tarp Lake Shear Zone |
| 1394506 | 703,978 | 5,716,134 | 27.4 | Tarp Lake Shear Zone |
| 1394507 | 702,659 | 5,715,490 | 0.024 | Tarp Lake Shear Zone |
| 1394508 | 702,633 | 5,715,414 | 0.012 | Tarp Lake Shear Zone |
| 1394509 | 702,615 | 5,715,499 | 0.003 | Tarp Lake Shear Zone |
| 1394510 | 702,836 | 5,715,519 | 0.001 | Tarp Lake Shear Zone |
| 1394511 | 702,377 | 5,713,526 | 35.5 | Tarp Lake Shear Zone |
| 1394512 | 702,336 | 5,713,554 | 0.022 | Tarp Lake Shear Zone |
| 1394651 | 702,061 | 5,712,954 | 0.003 | Tarp Lake Shear Zone |
| 1394652 | 702,047 | 5,712,964 | 0.004 | Tarp Lake Shear Zone |
| 1394653 | 702,047 | 5,712,962 | 0.015 | Tarp Lake Shear Zone |
| 1394654 | 702,745 | 5,712,970 | 0.786 | Tarp Lake Shear Zone |
| 1394655 | 702,035 | 5,712,975 | 0.005 | Tarp Lake Shear Zone |
| 1394656 | 702,082 | 5,712,996 | 0.005 | Tarp Lake Shear Zone |
| 1394657 | 702,082 | 5,713,339 | 0.004 | Tarp Lake Shear Zone |
| 1394513 | 703,601 | 5,715,819 | 4.79 | Tarp Lake Shear Zone |
| 1394514 | 703,601 | 5,715,818 | 1.61 | Tarp Lake Shear Zone |
| 1394515 | 703,593 | 5,715,814 | 0.807 | Tarp Lake Shear Zone |
| 1394516 | 703,586 | 5,715,807 | 0.305 | Tarp Lake Shear Zone |
| 1394517 | 703,571 | 5,715,788 | 0.987 | Tarp Lake Shear Zone |
| 1394518 | 703,716 | 5,715,676 | 0.003 | Tarp Lake Shear Zone |
| 1394519 | 703,745 | 5,715,696 | 0.011 | Tarp Lake Shear Zone |
| 1394520 | 699,738 | 5,711,828 | 0.025 | Tarp Lake Shear Zone |
| 1394521 | 699,769 | 5,711,842 | 0.002 | Tarp Lake Shear Zone |
| 1394522 | 699,769 | 5,711,842 | 0.002 | Tarp Lake Shear Zone |
| 1394523 | 699,769 | 5,711,842 | 0.001 | Tarp Lake Shear Zone |
| 1341851 | 704,244 | 5,711,726 | 0.003 | Cohen-MacArthur Shear Zone |
| 1341852 | 704,244 | 5,711,723 | 0.092 | Cohen-MacArthur Shear Zone |
| 1341853 | 704,278 | 5,711,743 | 0.001 | Cohen-MacArthur Shear Zone |
| 1341854 | 704,260 | 5,711,747 | 0.002 | Cohen-MacArthur Shear Zone |
| 1341855 | 704,308 | 5,711,774 | 0.569 | Cohen-MacArthur Shear Zone |
| 1341856 | 704,251 | 5,711,719 | 0.005 | Cohen-MacArthur Shear Zone |
| 1341857 | 704,008 | 5,711,446 | 1.254 | Cohen-MacArthur Shear Zone |
| 1341858 | 704,053 | 5,711,461 | 0.004 | Cohen-MacArthur Shear Zone |
| 1341859 | 704,269 | 5,711,545 | 0.003 | Cohen-MacArthur Shear Zone |
| 1341860 | 704,266 | 5,711,662 | 0.001 | Cohen-MacArthur Shear Zone |
| 1341861 | 704,336 | 5,711,646 | 0.001 | Cohen-MacArthur Shear Zone |
| 1341862 | 703,091 | 5,710,546 | 0.002 | Cohen-MacArthur Shear Zone |
| 1341863 | 703,051 | 5,710,521 | 0.002 | Cohen-MacArthur Shear Zone |
| 1341864 | 702,985 | 5,710,412 | 0.002 | Cohen-MacArthur Shear Zone |
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| Sample Number | Easting | Northing | Assay g/t Au |
Prospect |
|---|---|---|---|---|
| 1341865 | 702,947 | 5,710,348 | 0.001 | Cohen-MacArthur Shear Zone |
| 1341866 | 702,899 | 5,710,206 | 0.001 | Cohen-MacArthur Shear Zone |
| 1395501 | 702,407 | 5,710,589 | 0.001 | Central Patricia |
| 1395502 | 703,400 | 5,710,319 | 0.004 | Central Patricia |
| 1395503 | 703,494 | 5,710,494 | 0.006 | Cohen-MacArthur Shear Zone |
| 1395504 | 703,495 | 5,710,494 | 0.002 | Cohen-MacArthur Shear Zone |
| 1394041 | 704,246 | 5,711,784 | 0.002 | Cohen-MacArthur Shear Zone |
| 1394042 | 704,193 | 5,711,810 | 0.002 | Cohen-MacArthur Shear Zone |
| 1394043 | 704,135 | 5,711,851 | 0.001 | Cohen-MacArthur Shear Zone |
| 1394044 | 704,201 | 5,711,768 | 0.001 | Cohen-MacArthur Shear Zone |
| 1394045 | 704,565 | 5,711,802 | 0.001 | Cohen-MacArthur Shear Zone |
| 1394046 | 704,438 | 5,711,945 | 0.683 | Cohen-MacArthur Shear Zone |
| 1394047 | 704,437 | 5,711,946 | 0.332 | Cohen-MacArthur Shear Zone |
| 1394048 | 703,531 | 5,710,528 | 3.03 | Cohen-MacArthur Shear Zone |
| 1394049 | 703,581 | 5,710,575 | 0.007 | Cohen-MacArthur Shear Zone |
| 1394050 | 703,618 | 5,710,586 | 3.768 | Cohen-MacArthur Shear Zone |
| 1394659 | 704,120 | 5,715,867 | 3.72 | Tarp Lake Shear Zone |
| 1394660 | 704,124 | 5,715,875 | 0.188 | Tarp Lake Shear Zone |
| 1394661 | 704,124 | 5,715,875 | 0.394 | Tarp Lake Shear Zone |
| 1394662 | 704,135 | 5,715,898 | 0.064 | Tarp Lake Shear Zone |
| 1394663 | 704,136 | 5,715,898 | 9 | Tarp Lake Shear Zone |
| 1394664 | 704,137 | 5,715,896 | 569 | Tarp Lake Shear Zone |
| 1394665 | 704,146 | 5,715,911 | 0.142 | Tarp Lake Shear Zone |
| 1394666 | 704,143 | 5,715,910 | 0.637 | Tarp Lake Shear Zone |
| 1394667 | 704,151 | 5,715,926 | 0.044 | Tarp Lake Shear Zone |
| 1394668 | 704,165 | 5,715,964 | 0.052 | Tarp Lake Shear Zone |
| 1394524 | 704,142 | 5,716,102 | 0.009 | Tarp Lake Shear Zone |
| 1394525 | 704,088 | 5,715,818 | 0.096 | Tarp Lake Shear Zone |
| 1394526 | 704,084 | 5,715,820 | 0.143 | Tarp Lake Shear Zone |
| 1394527 | 704,081 | 5,715,812 | 0.081 | Tarp Lake Shear Zone |
| 1394528 | 704,078 | 5,715,816 | 0.698 | Tarp Lake Shear Zone |
| 1394529 | 704,075 | 5,715,810 | 0.031 | Tarp Lake Shear Zone |
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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 | • | 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 measurement | was recovered from drilling. Noramco drilling, CP- | |||
| tools appropriate to the minerals under | prefix is BQ diameter (36.5mm). All other quoted | |||
| investigation, such as down hole gamma | intercepts and the bulk of historical drilling data is of | |||
| sondes, or handheld XRF instruments, etc). | NQ diameter including Auteco drilling subject to this | |||
| These examples should not be taken as | release (prefix AUDD**). | |||
| limiting the broad meaning of sampling. | • | The core was sawn in half following a sample cutting | ||
| • | Include reference to measures taken to | line determined by geologists during logging and | ||
| ensure sample representivity and the | submitted for analysis on nominal 1m (1ft for historical | |||
| appropriate calibration of any measurement | drillholes) intervals or defined by geological boundaries | |||
| tools or systems used. | determined by the logging geologist. | |||
| • | Aspects of the determination of | • | Samples from PC Gold holes (PC- prefix) post 2008 | |
| mineralisation that are Material to the Public | were submitted to ALS Chemex in Thunder Bay and | |||
| Report. | North Vancouver for analysis. Samples were prepared | |||
| • | In cases where ‘industry standard’ work has | for analysis using a jaw crusher which was cleaned | ||
| been done this would be relatively simple | with a silica abrasive between samples resulting in 90% | |||
| (eg ‘reverse circulation drilling was used to | of the sample passing through an 8 mesh screen. A | |||
| obtain 1m samples from which 3 kg was | split of the crushed sample weighing 1000g was then | |||
| pulverised to produce a 30 g charge for fire | pulverised to 90% passing a 150 mesh screen. Sample | |||
| assay’). In other cases, more explanation | pulps were analysed for gold by Fire Assay using 50g | |||
| may be required, such as where there is | sample charge with atomic absorption spectroscopy | |||
| coarse gold that has inherent sampling | (AAS) finish. If the returned assay result was equal to | |||
| problems. Unusual commodities or | or greater than 5g/t then the sample was reassayed by | |||
| mineralisation types (eg submarine | Fire Assay with a gravimetric finish. Samples from | |||
| nodules) may warrant disclosure of detailed | historical diamond drilling programs conducted | |||
| information. | between 1981 and 2008 were dispatched to a variety | |||
| of accredited laboratories in Canada for Fire Assay | ||||
| analysis. Historical 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. | ||||
| • | Rock chip samples reported in this release are | |||
| selective field samples from outcrops encountered | ||||
| during geological reconnaissance exploration | ||||
| • | 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, auger, | exploration with NQ diameter (47.6mm) drill core was | |||
| Bangka, sonic, etc) and details (eg core | recovered from drilling. Noramco drilling, CP- prefix is | |||
| diameter,triple or standard tube,depth of | BQ diameter(36.5mm). All other drillingis NQ |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| diamond tails, face-sampling bit or other | diameter including Auteco drilling subject to this | |||
| type, whether core is oriented and if so, by | release (prefix AUDD**). | |||
| what method, etc). | ||||
| Drill sample recovery | • | Method of recording and assessing core | • | All drilling quoted is NQ diamond core (including |
| and chip sample recoveries and results | Auteco drilling subject to this release -prefix AUDD**) | |||
| assessed. | with the exception of Noramco drillholes (CP- prefix). | |||
| • | Measures taken to maximise sample | RQD was recorded for all diamond drilling as per | ||
| recovery and ensure representative nature | industry standard. A review of the available diamond | |||
| of the samples. | drill core RQD’s from the Pickle Crow project (PC- | |||
| • | Whether a relationship exists between | prefix and recently completed Auteco drilling - AUDD* | ||
| sample recovery and grade and whether | prefix) indicated that nearly all of the holes produced | |||
| sample bias may have occurred due to | excellent recoveries with an average of >90%. For | |||
| preferential loss/gain of fine/coarse | drilling conducted by other operators recoveries are | |||
| material. | unknown 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 anysample bias due to loss of material. | ||||
| Logging | • | Whether core and chip samples have been | • | All PC Gold and Auteco samples (PC- and AUDD* hole |
| geologically and geotechnically logged to a | prefix) were geologically logged. Lithology, veining, | |||
| level of detail to support appropriate | alteration, mineralisation and weathering are all | |||
| Mineral Resource estimation, mining | recorded in the geology table of the drill hole database. | |||
| studies and metallurgical studies. | Other historical drillholes have been similarly logged | |||
| • | Whether logging is qualitative or | and records have been digitised from report format. | ||
| quantitative in nature. Core (or costean, | • | Geological logging of Diamond Core samples is | ||
| channel, etc) photography. | qualitative and descriptive in nature. | |||
| • | The total length and percentage of the | • | All holes quoted have been logged in their entirety. | |
| relevant intersections logged. | ||||
| Sub-sampling techniques | • | If core, whether cut or sawn and whether | • | All drilling quoted from PC Gold and Auteco |
| and sample preparation | quarter, half or all core taken. | exploration (PC-and AUDD* hole prefix) is.NQ diameter | ||
| • | If non-core, whether riffled, tube sampled, | (47.6mm) drill core recovered from drilling. All other | ||
| rotary split, etc and whether sampled wet or | quoted intercepts are NQ diameter with the exception | |||
| dry. | of Noramco drilling (CP- Prefix) which is BQ (36.5mm) | |||
| • | For all sample types, the nature, quality and | diameter. The core was sawn in half following a sample | ||
| appropriateness of the sample preparation | cutting line determined by geologists during logging | |||
| technique. | and submitted for analysis on nominal 1m (or 1ft) | |||
| • | Quality control procedures adopted for all | intervals or defined by geological boundaries | ||
| sub-sampling stages to maximise | determined by the logging geologist. | |||
| representivity of samples. | • | This sampling technique is industry standard and | ||
| • | Measures taken to ensure that the sampling | deemed appropriate. | ||
| is representative of the in-situ material | • | PC Gold QA/QC protocols include the use of crush | ||
| collected, including for instance results for | duplicates, ¼ core field duplicates, the insertion of | |||
| field duplicate/second-half sampling. | certified reference materials (CRM’s) including low, | |||
| • | Whether sample sizes are appropriate to | medium and high-grade standards and coarse blanks. | ||
| the grain size of the material being | This was accomplished by inserting the QA/QC | |||
| sampled. | samples sequentially in the drill core sample | |||
| numbering system. 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 |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| precision and accuracy of results. Whist there is no | ||||
| documentation available for earlier 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 | ||||
| Mining Inc. | ||||
| • | Rock chip samples were crushed and split prior to | |||
| sampling. The assay techniques were consistent with | ||||
| the methods used for AuTECO drilling. | ||||
| Quality of assay data and | • | The nature, quality and appropriateness of | • | Samples were submitted to ALS Chemex in Thunder |
| laboratory tests | the assaying and laboratory procedures | Bay and North Vancouver for analysis. Samples were | ||
| used and whether the technique is | prepared for analysis using a jaw crusher which was | |||
| considered partial or total. | cleaned with a silica abrasive between samples | |||
| • | For geophysical tools, spectrometers, | resulting in 90% of the sample passing through an 8 | ||
| handheld XRF instruments, etc, the | mesh screen. A split of the crushed sample weighing | |||
| parameters used in determining the | 1000g was then pulverised to 90% passing a 150 mesh | |||
| analysis including instrument make and | screen. Sample pulps were analysed for gold by Fire | |||
| model, reading times, calibrations factors | Assay using 50g sample charge with atomic absorption | |||
| applied and their derivation, etc. | spectroscopy (AAS) finish. If the returned assay result | |||
| • | Nature of quality control procedures | was equal to or greater than 5g/t then the sample was | ||
| adopted (eg standards, blanks, duplicates, | reassayed by Fire Assay with a gravimetric finish. . | |||
| external laboratory checks) and whether | Samples from historical diamond drilling programs | |||
| acceptable levels of accuracy (i.e. lack of | conducted between 1981 and 2008 were dispatched to | |||
| bias) and precision have been established. | a variety of accredited laboratories in Canada for Fire | |||
| Assay analysis. Historical 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 |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Electronic Document Analysis and Retrieval | ||||
| (www.sedar.com)for First MiningInc. | ||||
| Verification of sampling and | • | The verification of significant intersections | • | Historical significant intersections quoted have been |
| assaying | by either independent or alternative | verified by Independent Geological Consultants Micon | ||
| company personnel. | International Limited. For more details see document | |||
| • | The use of twinned holes. | ‘Updated Mineral Resource Estimate for the Pickle | ||
| • | Documentation of primary data, data entry | Crow Property, Patricia Mining Division, Northwestern | ||
| procedures, data verification, data storage | Ontario, Canada’ NI-43-101 dated 15 June 2018 and | |||
| (physical and electronic) protocols. | available from System for Electronic Document | |||
| • | Discuss any adjustment to assay data. | Analysis and Retrieval (www.sedar.com) for First | ||
| Mining Inc. | ||||
| • | There are no twinned holes in the dataset but a | |||
| 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- | ||||
| holeprefix)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 +/- | |||
| other locations used in Mineral Resource | 1m using an SX Blue. For all other drilling hole collars | |||
| estimation. | were 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 |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| 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 by TECH | ||||
| 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. | ||||
| • | Rock chip sample locations reported in this release | |||
| were determined via hand-held differential GPS with an | ||||
| accuracy of +/-5m. | ||||
| 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. |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Sample security | • | The measures taken to ensure sample | • | For PC Gold and Auteco drilling (PC- and AUDD* |
| security. | prefix), 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. | ||||
| 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 | • | 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. 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 signinga formal agreement: A further |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| 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 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 | • | 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 Albanyshaft to a depth of 190m between |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| 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 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 |
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| Criteria | JORC Code explanation | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|---|
| 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 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, | ||||
o |
easting and northing of the drill hole | 3/5/2022, 23/6/2022 as well as the current release | |||
| collar | for drill hole information for all reported drill holes for | ||||
o |
elevation or RL (Reduced Level – | this JORC 2012 Table 1 and in accordance with ASX | |||
| elevation above sea level in meters) of | listing rule 5.7.2. | ||||
| the drill hole collar | |||||
o |
dip and azimuth of the hole | ||||
o |
down hole length and interception depth | ||||
o |
hole length. | ||||
| • | If the exclusion of this information is | ||||
| justified on the basis that the information is | |||||
| not Material and this exclusion does not | |||||
| detract from the understanding of the | |||||
| report, the Competent Person should | |||||
| clearlyexplain whythis is the case. |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| 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 and Appendix A of this release) | |||
| should be stated and some typical | • | Metal equivalent values are not used | ||
| examples of such aggregations should be | ||||
| shown in detail. | ||||
| • | The assumptions used for any reporting of | |||
| metal equivalent values should be clearly | ||||
| stated. | ||||
| 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 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. |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| 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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