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FOCUS MINERALS LTD — Capital/Financing Update 2019
Jul 29, 2019
64932_rns_2019-07-29_bc638988-e9d2-42fd-96fa-738ec1ca474f.pdf
Capital/Financing Update
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30 July 2019
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ASX Announcement
High Grade Mineralisation Intersected at Brilliant North
West Australian gold explorer Focus Minerals ( ASX: FML ) ( Focus or the Company ) is pleased to announce that the RC drilling completed in June at Brilliant North, at the Company’s Coolgardie Gold Project, has intersected high grade gold mineralisation.
All five holes drilled at Brilliant North intersected significant gold mineralisation. In particular, Hole 19BNRC005 intersected large downhole intervals of mineralisation including high and very high grades.
Highlights of the drilling program include:
-
19BNRC005 – 36m @ 6.36g/t Au from 186m to EOH, including
-
1m @ 56.19g/t Au from 211m
-
▪ 4m @ 14.52g/t Au from 189m ▪ 2m @ 15.82g/t Au from 214m
-
19BNRC005 – 3m @ 3.49g/t Au from 51m, including
-
19BNRC005 – 45m @ 3.15g/t Au from 63m, including ▪ 1m @ 10.78g/t Au from 68m ▪ 1m @ 14.64g/t Au from 79m
-
19BNRC005 – 12m @ 3.43g/t Au from 125m, including
-
19BNRC005 – 28m @ 2.8g/t Au from 144m, including ▪ 1m @ 9.59g/t Au from 163m
-
19BNRC001 – 18m @ 1.23g/t Au from 65m and, 9m @ 2.29g/t Au from 119m
-
19BNRC002 – 4m @ 4.39g/t Au from 46m and, 17m @ 2.25g/t Au from 183m
Length weighted intersections have been calculated in using 0.5g/t Au cut off and up to 2m internal dilution.
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June 2019 RC Drilling Results from Brilliant North
Background
The Brilliant North is one of the best known and most under drilled gold projects at Coolgardie. The mineralisation at Brilliant North starts immediately north of the Brilliant Open Pit and extends north to Rose Hill over at least 850m strike. Exploration and development of the Brilliant North Project has been limited by complex tenure and the location of the historic Coolgardie State Battery Tails.
Focus Minerals’ tenure on M15/1788 and M15/646 covers +700m strike of Brilliant North. However, 280m of that strike on M15/1788 is overlain by Northern Star (ASX:NST) tenement M15/1204.
M15/1204 extends from surface to 30m vertical depth. In addition, much of M15/1204 is covered by contaminated tails from the historical Coolgardie State Battery.
The mixed tenure ownership and the forecast tails clean-up costs should mining proceed have previously held back progress at the project
Page 2 of 15
Geology and Geological Model
The Brilliant Open Pit is one of the larger historical producers at Coolgardie delivering 88Koz at 2.54g/t Au between 1970 and the early 2000s. The mineralisation at Brilliant is hosted over +1000m NNW strike by the Brilliant Ultramafic/Komatiitic Basalt, Greenmount Sill High Magnesium Basalts and, the Footwall Burbanks Basalt. The gross geology locates the mineralisation on the eastern limb of a prominent anticline cored by the Big Blow Fault (Figure 1).
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Steeply ENE Dipping
Boundary Shears
Steeply ENE Dipping
Boundary Shears
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Figure 1: Brilliant and Brilliant North with interpreted/mapped geology, tenure and collars for 2019 drilling
Page 3 of 15
The majority of the gold mineralisation at Brilliant is hosted by NNW striking and steeply ENE dipping shears that are concentrated on the east and west sides of the Brilliant Komatiitic basalt and Greenmount high magnesium basalt (Figure 2). Mineralised shoots plunge gently to the NNW and are controlled by a regularly spaced set of NE dipping cross structures
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Figure 2: Schematic Geology Section at Brilliant with intersections recorded by TND17018 as reported 7[th] April 2017
The NE dipping structures localise higher grades within the basalt and in particular on intersection with the boundary structures. At the northern end of the Brilliant Open Pit the redemption fault runs NE and offsets the geology with apparent dextral throw (Figure 1).
-
On the 7[th] of April 2017 Focus announced a 26% increase in the Mineral Resource at Brilliant comprising:
-
Indicated Mineral Resource 4.68Mt grading 2.3g/t gold for 348,500 contained ounces
-
Inferred Mineral Resource 1.21Mt grading 3.3g/t gold for 127,000 contained ounces
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Total Mineral Resource 5.89Mt grading 2.5g/t gold for 475,500 contained ounces
Brilliant North is similar geologically to Brilliant with:
-
WNW Striking Steeply ENE dipping Eastern and Western boundary shears
-
Cross cutting regularly spaced NE dipping structures that localise higher grades
-
Shallow NNW plunge of mineralisation
As a previously unmined project Brilliant North provides the opportunity to define and optimise a new large open pit at Coolgardie. The structural model can be easily and efficiently drill tested and a resource update delivered. Furthermore, the cross cutting structural set is also mineralised on the east and west sides of the boundary shears and provides additional drill targets that could reduce strip ratio within an open pit.
Page 4 of 15
2019 Brilliant North RC Drilling
The purpose of the 2019 drilling was to confirm the structural model for Brilliant North with drilling to:
-
Target multiple inferred structures between the East and West Brilliant North Boundary Shears and,
-
Target up dip and potentially strip ratio reducing mineralisation west of Brilliant North.
To maximise the efficiency of the 2019 drilling program and limit site disturbance a mix of hole orientations was used. This approach differs from conventional drilling where holes are orientated as close as possible to perpendicular to the main structural orientation. It should be noted that the three holes (19BNRC001, 19BNRC002 and 19BNRC005) that were drilled between the boundary shears have been oriented to hit as many modelled structures as possible. The intersections reported by these holes are not true width intersections.
Holes 19BNRC001, 19BNRC002 and 19BNRC005 were planned to intersect and infill drill test at least 11 modelled NE dipping cross structures between the Brilliant North boundary shears. The drill spacing was optimised at 40m spacing to existing intersections. This required drilling within the plane of Brilliant North mineralisation which would provide the opportunity to test the structural model but, would also expose the drilling to intersecting sub-parallel mineralisation that could extend mineralisation beyond the cross cutting structural set.
The three holes drilled within the plane of the Brilliant North mineralisation and between the boundary shears have largely confirmed the proposed structural model. Each hole located higher grades in the vicinity of the modelled NE dipping cross structures.
-
19BNRC005 – 36m @ 6.36g/t Au from 186m to EOH, including ▪ 1m @ 56.19g/t Au from 211m ▪ 4m @ 14.52g/t Au from 189m ▪ 2m @ 15.82g/t Au from 214m ▪ 1m @ 1.6g/t from 221m EOH
-
19BNRC005 – 3m @ 3.49g/t Au from 51m, including
-
19BNRC005 – 45m @ 3.15g/t Au from 63m, including ▪ 1m @ 10.78g/t Au from 68m ▪ 1m @ 14.64g/t Au from 79m
-
19BNRC005 – 12m @ 3.43g/t Au from 125m, including
-
19BNRC005 – 28m @ 2.8g/t Au from 144m, including ▪ 1m @ 9.59g/t Au from 163m
-
19BNRC001 – 19m @ 1.37g/t Au from 35m, 18m @ 1.23g/t Au from 65m, 2m @ 1.26g/t from 86m, 4m @ 2.56g/t Au from 91m, 9m @ 2.29g/t Au from 119m and, 4m @ 0.72g/t Au from 166m
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19BNRC002 – 3m @ 1.58g/t Au from 33m, 4m @ 4.39g/t Au from 46m, 1m @ 0.73g/t from 78m 1m @ 0.51g/t from 94m, 1m @ 0.51g/t from 102m and,
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17m @ 2.25g/t Au from 183m
Length weighted intersections have been calculated using 0.5g/t Au cut off and up to 2m internal dilution. One intersection extends to end of holes and is marked .**
Page 5 of 15
Hole 19BNRC005 in particular has confirmed high value mineralisation at Brilliant North. This hole intersected higher grade gold mineralisation on 9 of 11 modelled NE dipping cross structures. Furthermore, the higher grade mineralisation intersected by 19BNRC005 persisted significantly down hole due to proximity to the sub -parallel East Boundary Structure.
To determine how far the mineralisation intersected by hole 19BNRC005 persists up and down dip on the targeted NE dipping cross structures additional drilling and modelling is required. As such it is important to note once again that Focus is not representing the intersections as being true width.
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19BNRC005
3m @ 3.49g/t Au from 51m
19BNRC005
45m @ 3.15g/t Au from 63m
19BNRC005
12m @ 3.43g/t Au from 125m
19BNRC005
28m @ 2.8g/t Au from 144m
19BNRC005
36m @ 6.36g/t Au from 186m
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Figure 3: View NNW along strike of Brilliant North mineralisation and through 19BNRC005 with ±15m clipping window. 2019 drill holes have thicker traces compared to earlier generations of drilling. Down hole grades exceeding a cut off 1 g/t Au are shown. Hole 19BNRC005 intersected elevated and high/very high grades where it intersected 9 of 11 modelled NE dipping cross structures. A grade times metres (GxM) cut off has been applied to modelled lodes so that only parts exceeding 5 GxM are shown. The intersection marked ** includes end of hole mineralisation exceeding 0.5g/t Au.
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19BNRC001
19m @ 1.37g/t Au from 35m
19BNRC001
18m @ 1.23/t Au from 65m
19BNRC001
2m @ 1.26g/t Au from 86m
4m @ 2.56g/t from 91m
19BNRC001
9m @ 2.29g/t Au from 119m
19BNRC001
4m @ 0.72g/t Au from 166m
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Figure 4: View NNW along strike of Brilliant North through19BNRC001 with ±15m clipping window, 2019 drill holes have thicker traces compared to earlier generations of drilling. Down hole grades exceeding a cut off 1 g/t Au are shown. Hole 19BNRC001intersected elevated and higher grades where it intersected 7 of 11 modelled NE dipping cross structures. A grade times metres (GxM) cut off has been applied to modelled lodes so that only parts exceeding 5 GxM are shown.
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19BNRC002
3m @ 1.58g/t Au from 33m
19BNRC004
3m @ 1.54g/t Au from 78m
19BNRC002
&
4m @ 4.39g/t Au from 46m
3m @ 2.42g/t Au from 85m
19BNRC002
17m @ 2.25g/t Au from183m
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Figure 5: View NNW along strike of Brilliant North mineralisation and through19BNRC002 with ±15m clipping window. 2019 drill holes have thicker traces compared to earlier generations of drilling. Down hole grades exceeding a cut off 1 g/t Au are shown. Hole 19BNRC002 intersected elevated and high grades where it intersected 4 of 11 modelled NE dipping cross structures. A grade times metres (GxM) cut off has been applied to modelled lodes so that only parts exceeding 5 GxM are shown.
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Finally, two holes have been targeted on up dip mineralisation to the west of Brilliant North. Both holes intersected lower grade but significant mineralisation which correlates with up dip positions along the inferred cross structures.
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19BNRC003 – 7m @ 2.12g/t Au from 39m and, 13m @ 1.57g/t Au from 50m 1m @ 0.53g/t from 68m
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19BNRC004 – 1m @ 0.73g/t Au from 66m, 1m @ 0.78g/t Au from 71m, 3m @ 1.54g/t Au from 78m, 3m @ 2.42g/t Au from 85m 1m @ 0.62g/t Au from 90m, 3m @ 0.61g/t Au from 101m and,
1m @ 1.51g/t Au from 124m
Length weighted intersections have been calculated using 0.5g/t Au cut off and up to 2m internal dilution.
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19BNRC003
7m @ 2.12g/t Au from 39m
&
13m @ 1.57g/t Au from 50m [1]
19BNRC003
114m
19BNRC004
3m @ 1.54g/t Au from 78m
& 19BNRC004
132m
3m @ 2.42g/t Au from 85m
&
3m @ 0.61g/t Au from 101m
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Figure 6: View NNW along showing 19BNRC003 and 19BNRC004 ±30m clipping window. 2019 drill holes have thicker traces compared to earlier generations of drilling. Down hole grades exceeding a cut off 1 g/t Au are shown. Holes 19BNRC003&4 intersected higher grades on intersection with modelled NE dipping cross structures. A grade times metres (GxM) cut off has been applied to modelled lodes so that only parts exceeding 5 GxM are shown.
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The five holes drilled in June 2019 at Brilliant North provide proof of concept for the structural model. The higher grades intersected during this program show for the first time some economies of scale at Brilliant North that have significantly improved its perceived value. The location of a high grade/high value core at Brilliant North has partly de-risked follow up resource drilling.
For further information please contact: For media and investor enquiries please contact: Zaiqian Zhang Peter Kermode Chief Financial Officer Focus Minerals Ltd Cannings Purple Phone: +61 8 9215 7888 Phone: +61 411 209 459
About Focus Minerals Limited (ASX: FML)
Focus is a Perth-based, ASX-listed gold exploration company with Projects in Laverton and Coolgardie.
The company is focused on delivering shareholder value from its Laverton Gold Project, in Western Australia’s northeastern Goldfields. The Laverton project covers 507km[2] area of highly prospective ground that includes the historic Lancefield and Chatterbox Trend mines. Focus’ priority target is to confirm the extent of gold mineralisation at deposits Beasley Creek and Lancefield Thrust and advance the Sickle, Ida-H and Karridale-Burtville deposits and targets.
Focus also owns the Coolgardie Gold Project, also in the Goldfields, which includes a 1.2Mtpa processing plant at Three Mile Hill. The plant is on care and maintenance. Focus is pursuing a divestment strategy for its Coolgardie Projects and continues to maintain them and add value while this process continues.
Competent Person Statement
The information in this announcement that relates to Exploration Results is based on information compiled by Mr Alex Aaltonen, who is a Member of the Australasian Institute of Mining and Metallurgy (AusIMM). Mr Aaltonen is an employee of Focus Minerals Limited. Mr Aaltonen has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.
Mr Aaltonen consents to the inclusion in the report of the matters based on the information in the form and context in which it appears.
.
Page 10 of 15
Table A: Significant Intersections – Brilliant North RC June 2019
JORC Code, 2012 Edition – Table 1 Report
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Hole ID Easting Northing RL Depth Dip Azimuth From To Interval Grade Comments
(MGA 94 Zone 51) (m) (MGA94) (m) (m) (m) (g/t Au)
Brilliant North RC June 2019
35 54 19 1.37
65 83 18 1.23
86 88 2 1.26
19BNRC001 326140 6573392 413 180 -64.8 119.6
91 95 4 2.56
119 128 9 2.29
166 170 4 0.72
33 36 3 1.58
46 50 4 4.39
78 79 1 0.78
19BNRC002 326150 6573457 412 210 -64.5 123.3
94 95 1 0.51
102 103 1 0.51
183 200 17 2.25
39 46 7 2.12
19BNRC003 326117 6573473 413 114 -58.4 258.9 50 63 13 1.57
68 69 1 0.53
66 67 1 0.73
71 72 1 0.78
78 81 3 1.54
19BNRC004 326163 6573430 412 132 -79.1 256.8
85 88 3 2.42
101 104 3 0.61
124 125 1 1.51
51 54 3 3.49
63 108 45 3.15
125 137 12 3.43
19BNRC005 326154 6573417 412 222 -65.1 119.8
144 172 28 2.8
Mineralisation
extends to end of
186 222 36 6.36 hole
Brilliant North Intersections are length-weighted averages calculated using 0.5g/t Au cut off and up to 2m internal dilution
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Section 1 Sampling Techniques and Data
| Criteria | Explanation |
|---|---|
| Sampling techniques | RC Sampling • RC percussion drill chips were collected through a cone splitter from the drill rig. The bulk sample from drilling was placed in neatly rows on the ground with the nominal 2-3kg calico split sub-sample placed on top of the corresponding sample. • RC chips were passed through a cone splitter to achieve a nominal sample weight of approximately 3kg. The splitter was levelled at the beginning of each hole. The geologist defined whether a sample was to be submitted as a 1m cone split sample or a 2m/4m spear composite sample. Split samples (1m) were transferred to sample numbered calico bags for submission to the laboratory. Composite samples were spear sampled using a spear to obtain a small representative sample and deposited into numbered sample bags. |
| Drilling techniques | • RC drilling was conducted using a 5 3/8 face sampling hammer. • At hole completion, downhole surveys for RC holes were completed at a 10m interval by using True North Seeking Gyro tool |
| Drill sample recovery | • RC sample recovery was recorded by a visual estimate during the logging process. |
| Logging | • All RC samples were geologically logged to record weathering, regolith, rock type, colour, alteration, mineralisation, structure, texture and any other notable features that are present. All data is entered directly into validating digital software directly. • Samples from RC holes were archived in standard 20m plastic chip trays and photographed. • Logging was qualitative, however the geologists often recorded quantitative mineral percentage ranges for the sulphide minerals present. • The logging information was transferred into the company’s drilling database once the log was complete. • The entire length of all holes isgeologically logged |
| Sub-sampling techniques and sample preparation |
• All samples were collected in a pre-numbered calico bag bearing a unique sample ID. • At the assay laboratory, all samples were oven dried, crushed to a nominal 10mm using a jaw crusher (core samples only) and weighed. Samples in excess of 3kg in weight were riffle split to achieve a maximum 3kg sample weight before being pulverized to 90% passing 75μm. • Gold analysis was by a 40g Fire Assay • Jinning Testing & Inspection completed the assay testing, with sample preparation completed in Kalgoorlie or Perth and analysis completed in Perth. • The assay laboratories’ sample preparation procedures follow industry best practice, with techniques and practices that are appropriate for this style of mineralisation. Pulp duplicates were taken at the pulverising stage and selective repeats conducted at the laboratories’ discretion. • QAQC checks involved inserting standards 1:20 samples (with minimum 3 standards every submission). • Regular reviews of the sampling were carried out by the supervising geologist and senior field staff, to ensure all procedures were followed and best industry practice carried out. • The sample sizes were appropriate for the type, style and consistency of mineralisation encountered during this phase of exploration. |
| Quality of assay data and laboratory tests |
• The assay method and laboratory procedures were appropriate for this style of mineralisation. The fire assay technique was designed to measure total gold in the sample. • No geophysical tools, spectrometers or handheld XRF instruments were used for assay determination. • The QA/QC process described above was sufficient to establish acceptable levels of accuracy and precision. All results from assay standards and duplicates were scrutinised to ensure they fell within acceptable tolerances and where they didn’t further analysis was conducted as appropriate. |
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| Criteria | Explanation |
|---|---|
| Verification of sampling and assaying |
• Significant intervals were visually inspected by company geologists to correlate assay results to logged mineralisation. Consultants were not used for this process. • Primary logging data is sent in digital format to the company’s Database Administrator (DBA) as often as was practicable. The DBA imports the data into an acQuire database, with assay results merged into the database upon receipt from the laboratory. Once loaded, data was extracted for verification by the geologist in charge of theproject. |
| Location of data points | • Drill collars are yet to be surveyed on final completion using a DGPS instrument. • A True North Seeking Gyro was used for downhole • All coordinates and bearings use the MGA94 Zone 51 grid system. • FML utilises Landgate sourced regional topographic maps and contours as well as internally produced survey pick-ups produced by the mining survey teams utilising DGPS base station instruments. • Final DGPSpick up has an accuracy of +/-20cm. |
| Data spacing and distribution |
• Drill spacing at Brilliant North is being infilled at 40m x 40m |
| Orientation of data in relation to geological structure |
• Drilling was designed based on known/developing geological models, field mapping, verified historical data, cross-sectional and long-sectional interpretation. • drill holes are not oriented at right angles to strike of deposit/dip of the deposit but rather to test the structural model. • No intersections are represented as true widths. Additional modelling and drilling are required to calculate actual true widths • Holes 19BNRC001, 19BNRC002, 19BNRC005 are drilled in the plane of Brilliant North. In particular holes 19BNRC001 and 19BNRC005 are likely to have intersected considerable sub=-parallel mineralisation. |
| Sample security | • All samples were reconciled against the sample submission with any omissions or variations reported to FML. • All samples were bagged in a tied numbered calico bag. The bags were placed into plastic green bags with a sample submission sheet and delivered directly from site to the Kalgoorlie laboratories by FML personnel at completion of each hole. |
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Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria | Explanation |
|---|---|
| Mineral tenement and land tenure status |
• The drilling was conducted on tenements M15/1204 (Northern Star 0-30m depth) and M15/1788 (FML) starting at 30m depth. • Assays recorded on M15/1204 and close to the boundary with M15/1788 have not been reported on. All samples taken on NST tenement M15/1204 and across the boundary are 4m composite samples. Once 1m samples have been analysed for anomalous 4m composites exceeding 0.2g/t Au the final results can be assessed up to the tenement boundary. • Tenement M15/1788 is wholly owned by Focus Minerals (FML). • Tenement M15/1788 is in good standing. • There are currently no registered Native Title claims over the Coolgardieproject areas. |
| Exploration done by other parties |
• Brilliant North was first drilled by Goldfan Ltd with 6 RAB holes for 240m and 10 RC holes for 878m completed during 1994 • Copperfield drilled 3 RC holes for 225m in 1995 • New Hampton drilled 8 x 40m RC holes for 320m in 2001 • South Kal Mines drilled 9 x 40m RC holes in 2001 • MPI drilled 16 RC holes for 1897m, and 4 RAB holes for 130m in 2002 • FML drilled 4 RC one of which had DD tails for 804.6m in 2015, and another RC/DD for 309.5m, 13 SLRC holes for 624m in 2016, 10 RC holes for 1,652m and 4 RC/DD holes for 1,495.9m. |
| Geology | • The project is located on the NNW striking steeply ENE dipping eastern limb of a prominent antiform. • Steeply ENE dipping shears are located on east/west margins of the Brilliant Ultramafic and Greenmount Sill high magnesium basalt. These have been overprinted by a suite of porphyry dykes described as a granodiorite. This set is further overprinted by a NE dipping structural set which is also exploited by the porphyritic granodiorite dykes. • The two sets of structurally controlled dykes host the mineralisation with higher grade on intersections between the two structural sets defining a shallow NNW plunge to the mineralisation |
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| Criteria | Explanation | Explanation | |||
|---|---|---|---|---|---|
| Drill hole information | Previous Drilling Reported from Brilliant North Hole ID Easting Northing RL Depth Dip Azimuth (m) (MGA94 ) TND17079 326375 6573504 405 473.7 - 54.38 249 (MGA 94 Zone 51) Brilliant North Previous Anno BRRC0037 326355 6573431 405 318.6 - 59.6 250 246 TND17049 326208 6573537 411 250 - 60.63 252 BRRC0038 326112 6573637 413 282 - 57.1 251 TND17051 326278 6573357 409 198 - 59.76 253 TND17050 326247 6573430 409 252 - 60.16 250 TND17086 326387 6573371 405 432.3 - 54.1 251 TND17076 326377 6573551 406 366.7 - 55.28 |
From (m) 230.7 unced |
To (m) 231.7 Inters |
Interval (m) 1 1.2 1 5 2 1 2 1 2 1 1 1 1 1 3 ections |
Grade Comments (g/t Au) 2.57 7.27 2.21 1.71 1.19 4.82 1.94 5.47 2.88 1.24 1.76 1.08 27 1.26 2.14 2.67 1.54 3.92 1.63 1.32 3.42 1.56 12.71 12.45 4.99 8.24 2.75 4.73 4.85 2.12 Coolgardie Exploration Update 24 July 2015 Bonnie Vale Mineral Resource Modelling Commenced Following Further High Grade Intercepts 15 October 2015 Operational Update 25 July 2017 |
| 246.2 | 247.4 | 7.27 | |||
| 258.3 | 259.3 | 2.21 | |||
| 263.3 90 |
268.3 92 |
1.71 1.19 |
|||
| 116 | 117 | 4.82 | |||
| 126 | 128 | 1.94 | |||
| 171 | 172 | 5.47 | |||
| 174 | 176 | 2.88 | |||
| 192 | 193 | 1.24 | |||
| 210 115 |
211 116 |
1.76 1.08 |
|||
| 122 | 123 | 27 | |||
| 125 | 126 | 1.26 | |||
| 155 | 158 | 2.14 | |||
| 163 88 |
164 90 |
1 2 |
2.67 1.54 |
||
| 108 | 118 | 10 | 3.92 | ||
| 128 | 136 | 8 | 1.63 | ||
| 145 116 |
146 123 |
1 7 |
1.32 3.42 |
||
| 142 316 |
147 317.9 |
5 1.9 |
1.56 12.71 |
||
| 347 277 196 |
348 279.6 197 |
1 2.62 1 |
12.45 4.99 8.24 |
||
| 227 | 233 | 6 | 2.75 | ||
| 262 | 263 | 1 | 4.73 | ||
| 265 | 267 | 2 | 4.85 | ||
| 272 | 273 | 1 | 2.12 | ||
| Data aggregation methods |
New exploration results • Mineralised intersections are reported at a 0.5g/t Au cut-off length-weighted average grades with a minimum reporting width of 1m and up to 2m internal dilution. |
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| Relationship between mineralization widths and intercept lengths |
• Holes were drilled at a variety of orientations to test a structural model efficiently rather than to produce true width intersections • No new intersections are represented as calculated true widths in this report • Holes 19BNRC001, 2 and 5 were all planned to be located at least 8 from the interpreted position of the Brilliant North Boundary Structures. The actual pegged and drilled locations for these holes was within 5m of the interpreted boundary structures due to a combination of topography and the limits of GPSprecision. |
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| Diagrams | • Refer to Figures and Tables in body of this release and in prior ASX announcements for drill collar maps and schematic cross-sections. |
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| Balanced reporting | • Drilling results are reported in a balanced reporting style. The ASX announcements shows actual locations of holes drilled, and representative sections as appropriate. |
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| Other substantive exploration data |
• There is no other material exploration data to report at this time. |
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| Further work | • FML anticipates additional drilling to follow up on encouraging results in Coolgardie. |
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