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GALILEO MINING LTD Regulatory Filings 2021

Sep 12, 2021

64962_rns_2021-09-12_7325684d-1bed-4cbf-84a5-bedc94e28d3d.pdf

Regulatory Filings

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13 September 2021

ASX: GAL

Corporate Directory

Directors

Chairman & MD Brad Underwood

Non-Executive Director Noel O’Brien

ASSAYS CONFIRM PROSPECTIVE SULPHIDES AT DELTA BLUES

Highlights

  • Copper and gold assays from Delta Blues DB2 target confirm prospective mineralised sulphides

  • Copper-gold assay results of

Non-Executive Director Mathew Whyte

  • 4 metres @ 0.29 g/t gold and 0.29% copper from 188m (DBRC001) including;

  • 1 metre @ 0.61 g/t gold and 0.66% copper from 190m

Projects

Fraser Range Project Nickel-Copper-Cobalt

Norseman Project Cobalt-Nickel-Palladium

  • 5 metres @ 0.10 g/t gold and 0.25% copper from 167m (DBRC002)

  • 4 metres @ 0.21 g/t gold and 0.27% copper from 154m (DBRC003)

  • Top of EM target at Delta Blues DB2 verified as sulphide containing anomalous copper and gold

  • Strongest and best parts of the conductor untested at depth

  • Large scale target up to 500 metres by 500 metres

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Contact Details

T: +61 8 9463 0063 E: [email protected] W: www.galileomining.com.au 13 Colin St, West Perth, WA

  • Results may represent a new style of Fraser Range mineralisation with sulphides occurring in association with both mafic and felsic intrusions (logged as gabbro and tonalite)

  • Follow up diamond core drilling planned at both DB2 and DB1 targets post receipt of new EM survey results

Galileo Mining Ltd (ASX: GAL, “Galileo” or the “Company”) is pleased to announce assay results from three reverse circulation (RC) drill holes completed at the Company’s Delta Blues DB2 prospect within the Fraser Range Belt in Western Australia.

All three drill holes targeted the very top of a large electro-magnetic (EM) conductor and all three holes recorded sulphide intercepts with anomalous amounts of copper and gold. Diamond drill core testing is now required to test for economic mineralisation beneath the currently reported intercepts at DB2 and to determine the source of the strong EM conductor at the DB1 target.

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Commenting on the initial assay results from the Delta Blues prospect, Galileo Managing Director Brad Underwood said: “ The assay results from the first round of drilling at our Delta Blues prospect are very encouraging with anomalous copper-gold sulphides in all three drill holes at the DB2 target. Given we have only drilled the very top of the large EM conductor at DB2 and have yet to identify the source of the conductor at DB1, there is significant potential for success at the Delta Blues prospect and within our Fraser Range tenements more generally.

Follow up diamond drilling will be undertaken at Delta Blues after we have completed additional down hole and surface EM surveys. This will enable us to target the best parts of the conductors and maximise our chances of a successful outcome.”

Figure 1 ––Cross Section of Drill Hole DBRC001 with EM Target at the Delta Blues DB2 Prospect

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DBRC001
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4m @ 0.29 g/t Au &
0.29% Cu from 188m
214m
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Geology logging at DB2 recorded a thin layer of sediment cover overlying typical Fraser Range metasediments and mafic granulites near surface. Small units of mafic (gabbro) intrusive rocks within the metasediments were noted prior to the sulphide zones. The sulphide mineralisation in all drill holes occurs as semimassive bands surrounded by disseminated sulphide within a mafic intrusion adjacent to a medium grained felsic intrusion. These intrusions have been preliminarily logged on site as a gabbro and a tonalite with petrography underway to determine the precise rock classifications.

One metre split samples from RC drillholes DBRC001, DBRC002, and DBRC003 were sent to the laboratory for priority analyses. These samples were collected between 179m and 200m (DBRC001), 160m and 180m (DBRC002) and 146m and 186m (DBRC003). Assays are reported in Appendix 3 where copper values are greater than 0.1% and are summarised in the highlights section at the beginning of this announcement. The sections of these three drill holes outside of the priority zones, and the single drill hole completed at DB1 (DBRC004), were sampled with three metre composites. Assay results from these samples are still pending. Drill hole collar details and summary drill logs are reported in Appendices 1 and 2 respectively.

Figure 2 ––RC Drilling at Galileo’s Delta Blues Prospect in the Fraser Range

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The economic implications of the assay results from DB2 are at this stage uncertain with deeper diamond drilling required to test the better parts of the EM conductor at depth. The scale of the modelled EM conductor at Delta Blues DB2 is substantial with dimensions up to 500m by 500m (Table 1). The initial three drill holes completed at DB2 have confirmed sulphide mineralisation over a minimum strike length of 210m (Figure 3). Only the very top of the conductor has been drilled and down hole EM surveying will be undertaken to refine the targets prior to diamond drill testing.

Timing of diamond drilling is subject to rig availability as Western Australia continues to be affected by labour shortages which limit the ability of contractors to undertake Galileo’s drill programs.

Figure 3 –– RC Drill Hole Plan Location at Delta Blues DB2 with EM Target over TMI Magnetic Image

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Minimum 210m
strike length from
drilling. EM model
up to 500m strike
length.
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One drill hole (DBRC004) was completed at the DB1 target (Figure 4). Geological logging of DBRC004 records multiple units of intrusive rocks of the kind associated with known nickel-copper occurrences in the Fraser Range belt.[1] The cause of the conductive anomaly at DB1 was not identified and deeper diamond drilling is required to determine the source. It is important to recognise that no graphite or sulphidic sediments were logged in the drill hole and that the strongly conductive source (Table 1) remains unexplained.

Table 1: Delta Blues modelled conductors:

Prospect Conductivity Length Height Depth to Top
DB1 10,000S to 25,000S 800m to 900m 25m to 40m 175m to 255m
DB2 1,500S to 5,000S 350m to 500m 250m to 500m 125m to 185m

Figure 4 –– Cross Section of Drill Hole DBRC004 with EM Target at the Delta Blues DB1 Prospect

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DBRC004
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(1) Refer to Galileo’s ASX announcements dated 23rd August 2021

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Figure 5 – Delta Blues Conductors with Aircore Drilling and Neighbouring Prospects (TMI Magnetics)

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Figure 6 – Galileo Prospect Locations in the Fraser Range Nickel Belt

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Competent Person Statement

The information in this report that relates to Exploration Results is based on, and fairly represents, information and supporting documentation prepared by Mr Brad Underwood, a Member of the Australasian Institute of Mining and Metallurgy, and a full time employee of Galileo Mining Ltd. Mr Underwood has sufficient experience that is relevant to the styles of mineralisation and types of deposit under consideration, and to the activity being undertaken, 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” (JORC Code). Mr Underwood consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

With regard to the Company’s ASX Announcements referenced in the above Announcement, the Company is not aware of any new information or data that materially affects the information included in the Announcements.

Authorised for release by the Galileo Board of Directors.

Investor information: phone Galileo Mining on + 61 8 9463 0063 or email [email protected]

Media:

David Tasker Managing Director Chapter One Advisors E: [email protected] T: +61 433 112 936

About Galileo Mining:

Galileo Mining Ltd (ASX: GAL) is focussed on the exploration and development of nickel, copper, cobalt and palladium resources in Western Australia. GAL has Joint Ventures with the Creasy Group over tenements in the Fraser Range which are highly prospective for nickel-copper sulphide deposits similar to the operating Nova mine. GAL also holds tenements near Norseman with over 26,000 tonnes of contained cobalt, and 122,000 tonnes of contained nickel, in JORC compliant resources (see Figure 7 below).

Figure 7: JORC Mineral Resource Estimates for the Norseman Cobalt Project (“Estimates”) (refer to ASX “Prospectus” announcement dated May 25[th] 2018 and ASX announcement dated 11[th] December 2018, accessible at http://www.galileomining.com.au/investors/asx-announcements/). Galileo confirms that all material assumptions and technical parameters underpinning the Estimates continue to apply and have not materially changed).

Cut-off
Cobalt %
Class Tonnes Mt Co Ni
% Tonnes % Tonnes
MT THIRSTY SILL
0.06 % Indicated
Inferred
Total
10.5
2.0
12.5
0.12
0.11
0.11
12,100
2,200
14,300
0.58
0.51
0.57
60,800
10,200
71,100
MISSION SILL
0.06 % Inferred 7.7 0.11 8,200 0.45 35,000
GOBLIN
0.06 % Inferred 4.9 0.08 4,100 0.36 16,400
TOTAL JORC COMPLIANT RESOURCES
0.06 % Total 25.1 0.11 26,600 0.49 122,500

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Appendix 1 –– RC Drillhole Collar Details at the Delta Blues (DB2) Prospect

Hole ID Prospect East North RL Dip Azimuth Depth (m)
DBRC001 Delta Blues (DB2) 583488 6544022 231 -70 270 214
DBRC002 Delta Blues (DB2) 583495 6544110 229 -70 270 214
DBRC003 Delta Blues (DB2) 583467 6543902 232 -60 270 213
DBRC004 Delta Blues (DB1) 578820 6547155 226 -80 270 200

Appendix 2 –– Delta Blues (DB2) Prospect RC Drill Hole Summary Logs. Thin section petrography required to determine precise rock classifications.

DBRC001 Drill Log Summary

From (m) To (m) Comment
0 27 Transported and sediment cover
27 97 Quartz-garnet gneiss with minor mafic granulite bands
97 136 Quartz-garnet gneiss
136 161 Meta-psammite
161 178 Mafic granulite
178 184 Mafic intrusion (logged as gabbro)
184 196 Mafic intrusion with disseminated sulphide (semi-massive sulphide from
190m to 192m)
196 214 Felsic intrusion (logged as tonalite)

DBRC002 Drill Log Summary

From (m) To (m) Comment
0 26 Transported and sediment cover
26 85 Mafic granulite
85 108 Quartz-garnet gneiss with minor mafic granulite
108 126 Mafic intrusion (logged as gabbro)
126 143 Quartz garnet gneiss
143 156 Gneiss and mafic granulite
156 160 Felsic intrusion (logged as tonalite)
160 178 Mafic intrusion with disseminated sulphide (semi-massive sulphide from
167m to 170m)
178 214 Mafic intrusion (logged as gabbro)

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DBRC003 Drill Log Summary

From (m) To (m) Comment
0 39 Transported and sediment cover
39 70 Quartz-garnet-biotite gneiss
70 78 Quartz-garnet gneiss
78 110 Quartz-garnet gneiss, minor mafic granulite bands
110 141 Mafic granulite and quartz gneiss
141 148 Mafic intrusion (logged as gabbro)
148 160 Mafic intrusion with disseminated sulphide (semi-massive sulphide from
154m to 157m)
160 178 Mafic intrusion with felsic (quartz rich) intrusive bands
178 213 Quartz-garnet gneiss

Appendix 3 – 1 Metre Split RC Samples from DB2 Prospect. Copper > 0.1%, maximum 1 m internal dilution.

Hole ID From
(m)
To (m) Interval Au
(ppb)
Ag
(ppm)
Cu (%) Fe (%) Zn (%)
DBRC001 188 189 1 93 4.54 0.18 19 0.27
DBRC001 189 190 1 25 0.91 0.06 16 0.17
DBRC001 190 191 1 611 6.75 0.66 45 0.20
DBRC001 191 192 1 438 3.54 0.28 42 0.11
DBRC002 167 168 1 114 1.73 0.20 30 0.13
DBRC002 168 169 1 117 1.67 0.38 23 0.21
DBRC002 169 170 1 61 1.31 0.18 21 0.12
DBRC002 170 171 1 144 1.00 0.18 12 0.10
DBRC002 171 172 1 39 1.04 0.31 11 0.09
DBRC003 154 155 1 242 1.04 0.16 26 0.30
DBRC003 155 156 1 240 2.37 0.35 44 0.11
DBRC003 156 157 1 192 2.23 0.40 44 0.13
DBRC003 157 158 1 179 2.01 0.18 30 0.20

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Appendix 4:

Galileo Mining Ltd – Fraser Range Project JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation Commentary
Sampling
techniques
Nature and quality of sampling (eg cut
channels, random chips, or specific specialised
industry standard measurement tools
appropriate to the minerals under investigation,
such as down hole gamma sondes, or handheld
XRF instruments, etc). These examples should
not be taken as limiting the broad meaning of
sampling.
Include reference to measures taken to ensure
sample representivity and the appropriate
calibration of any measurement tools or
systems used.
Aspects of the determination of mineralisation
that are Material to the Public Report.
In cases where ‘industry standard’ work has
been done this would be relatively simple (eg
‘reverse circulation drilling was used to obtain 1
m samples from which 3 kg was pulverised to
produce a 30 g charge for fire assay’). In other
cases more explanation may be required, such
as where there is coarse gold that has inherent
sampling problems. Unusual commodities or
mineralisation types (eg submarine nodules)
may warrant disclosure of detailed information.
•Reverse Circulation (RC) drilling, was
used to obtain one metre individually
bagged chip samples.
•Each RC bag was spear sampled to
provide a 3-metre representative
composite sample for analyses.
•A 1m sample split for each metre is
collected at the time of drilling from the
drill rig mounted cone splitter.
•Selected 1m sample intervals sent to
laboratory for analysis with remainder
of drill hole assayed using 3m
composite samples
•QAQC standards (blank & reference)
and duplicate samples were included
routinely with 1 per 20 samples being a
standard or duplicate.
•Samples were sent to an independent
commercial assay laboratory.
•All assay sample preparation
comprised oven drying, jaw crushing,
pulverising and splitting to a
representative assay charge pulp.
•A 25g Lead Collection Fire Assay with
ICP-MS finish was used to determine
Au, Pt and Pd results
A four acid digest was used for a multi-
element analysis suite including Ag, Al,
As, Ba, Bi, Ca, Cd, Ce, Co, Cr, Cu, Fe,
K, La, Li, Mg, Mn, Mo, Na, Ni, P, Pb, S,
Sb, Sc, Sn, Sr, Te, Ti, Tl, V, W, Zn, by
ICP-OESforallsamples.
Drilling
techniques
Drill type (eg core, reverse circulation, open-
hole hammer, rotary air blast, auger, Bangka,
sonic, etc) and details (eg core diameter, triple
or standard tube, depth of diamond tails, face-
sampling bit or other type, whether core is
_oriented and ifso, by what method, etc). _
•RC drilling was undertaken using a
5.25“ face sampling drill bit completed
by Hagstrom Drilling Pty Ltd.
Drill sample
recovery
Method of recording and assessing core and
chip sample recoveries and results assessed.
Measures taken to maximise sample recovery
and ensure representative nature of the
samples.
Whether a relationship exists between sample
recovery and grade and whether sample bias
may have occurred due topreferential loss/gain
•Sample recoveries are visually
estimated for each metre with poor or
wet samples recorded in drill and
sample log sheets.
•The sample cyclone was routinely
cleaned at the end of each 6m rod and
when otherwise deemed necessary.
•Norelationshiphas beendetermined

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Criteria JORC Code explanation Commentary
of fine/coarse material. between sample recoveries and grade
and there is insufficient data to
determineifthereis a sample bias.
Logging Whether core and chip samples have been
geologically and geotechnically logged to a
level of detail to support appropriate Mineral
Resource estimation, mining studies and
metallurgical studies.
Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc)
photography.
The total length and percentage of the relevant
_intersections logged. _
•Geological logging of drill holes was
done on a visual basis including
lithology, grainsize, mineralogy, colour
and weathering.
•Logging of drill chips is qualitative and
based on the presentation of the 1m
samples in the chip trays.
•All drill holes were logged in their
entirety.
Sub-sampling
techniques
and sample
preparation
If core, whether cut or sawn and whether
quarter, half or all core taken.
If non-core, whether riffled, tube sampled,
rotary split, etc and whether sampled wet or
dry.
For all sample types, the nature, quality and
appropriateness of the sample preparation
technique.
Quality control procedures adopted for all sub-
sampling stages to maximise representivity of
samples.
Measures taken to ensure that the sampling is
representative of the in situ material collected,
including for instance results for field
duplicate/second-half sampling.
Whether sample sizes are appropriate to the
grain size of the material being sampled.
•All initial RC drill samples were
collected using a PVC spear as 3m
composites (2-3kg). Other composites
of 2m and individual 1m samples were
collected where required ie, at the
bottom of hole.
•Selected 1m samples for intervals
deemed of interest by the Geologist
supervising the drill rig were submitted
to the assay laboratory. These 1m
samples were collected at the time of
drilling from the drill rig mounted cone
splitter.
•QAQC reference samples and
duplicates are routinely submitted with
each batch.
•The sample size is considered
appropriate for the mineralisation style,
application and analytical techniques
used.
Quality of
assay data
and
laboratory
tests
The nature, quality and appropriateness of the
assaying and laboratory procedures used and
whether the technique is considered partial or
total.
For geophysical tools, spectrometers, handheld
XRF instruments, etc, the parameters used in
determining the analysis including instrument
make and model, reading times, calibrations
factors applied and their derivation, etc.
Nature of quality control procedures adopted
(eg standards, blanks, duplicates, external
laboratory checks) and whether acceptable
levels of accuracy (ie lack of bias) and precision
have been established.
•RC Chip samples were analysed for a
multielement suite (48 elements) by
ICP-OES following a four-acid digest.
Assay for Au, Pt and Pd has been
completed by 25gram Fire Assay with
an ICP-MS finish. The assay methods
used are considered appropriate.
•QAQC standards and duplicates were
routinely included at a rate of 1 per 20
samples
•Further internal laboratory QAQC
procedures included internal batch
standards and blanks
•Sample preparation was completed at
Intertek Genalysis Laboratory,
(Kalgoorlie) with digest and assay
conducted by Intertek-Genalysis
Laboratory Services (Perth) using a
four acid (4A/MS) for multi-element
assay and 25gram Fire Assay with an
ICP-MS finish for Au, Pt, Pd
(FA25/MS).

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Criteria JORC Code explanation Commentary
Verification of
sampling and
assaying
The verification of significant intersections by
either independent or alternative company
personnel.
The use of twinned holes.
Documentation of primary data, data entry
procedures, data verification, data storage
(physical and electronic) protocols.
Discuss any adjustment to assay data.
•Field data is collected on site using a
standard set of logging templates
entered directly into a laptop. Data is
then sent to the Galileo database
manager for validation and upload into
the database.
•Assays are as reported from the
laboratory and stored in the Company
database and have not been adjusted
in any way.
Location of
data points
Accuracy and quality of surveys used to locate
drill holes (collar and down-hole surveys),
trenches, mine workings and other locations
used in Mineral Resource estimation.
Specification of the grid system used.
Quality and adequacy of topographic control.
•Drill hole collars are surveyed with a
handheld GPS with an accuracy of +/-
5m which is considered sufficient for
drill hole location accuracy.
•Co-ordinates are in GDA94 datum,
Zone 51.
•Downhole depths are in metres from
surface.
•Topographic control has an accuracy
of 2m based on detailed satellite
imagery derived DTM or on laser
altimeter data collected from
aeromagnetic surveys
Data spacing
and
distribution
Data spacing for reporting of Exploration
Results.
Whether the data spacing and distribution is
sufficient to establish the degree of geological
and grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications applied.
Whether sample compositing has been applied.
•Drill hole spacing for the individual drill
holes was not grid based. The holes
were placed to target potential
mineralisation as indicated by
geophysical methods (EM) and
geological interpretation.
•Drill spacing is insufficient for the
purposes of Mineral Resource
estimation.
Orientation of
data in
relation to
geological
structure
Whether the orientation of sampling achieves
unbiased sampling of possible structures and
the extent to which this is known, considering
the deposit type.
If the relationship between the drilling
orientation and the orientation of key
mineralised structures is considered to have
introduced a sampling bias, this should be
assessed and reported if material.
•It is unknown whether the orientation
of sampling achieves unbiased
sampling as interpretation of
quantitative measurements of
mineralised zones/structures has not
yet been completed.
•The drilling is oriented either
perpendicular to the regional
lithological strike and dip or
perpendicular to the modelled EM
conductor.
Sample
security
The measures taken to ensure sample security. •Each sample was put into a pre-
numbered draw string calico bag, tied
off and then several placed in a large
plastic “polyweave” bag which was zip
tied closed. For transport, samples
were placed on a clean ute tray and
covered with a cargo cover to ensure
no loss of material.
•Samples were delivered directly to the
laboratoryin Kalgoorlie byGalileo staff

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Criteria JORC Code explanation Commentary
orcontractors.
Audits or
reviews
The results of any audits or reviews of sampling
techniques and data.
•Continuous improvement internal
reviews of sampling techniques and
procedures are ongoing. No external
auditshave beenperformed.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria JORC Code explanation Commentary
Mineral
tenement and
land tenure
status
Type, reference name/number,
location and ownership including
agreements or material issues with
third parties such as joint ventures,
partnerships, overriding royalties,
native title interests, historical
sites, wilderness or national park
and environmental settings.
The security of the tenure held at
the time of reporting along with any
known impediments to obtaining a
licence to operate in the area.
•The Fraser Range Project comprises six granted
exploration licenses, covering 602km2
•Kitchener JV tenement E28/2064 (67% NSZ
Resources Pty Ltd, 33% Great Southern Nickel Pty
Ltd).
•Kitchener tenements E28/2912 and E28/2949
(100% NSZ Resources Pty Ltd)
•Yardilla JV tenements: E63/1539, E63/1623,
E63/1624 (67% FSZ Resources Pty Ltd, 33%
Dunstan Holdings Pty Ltd)
•NSZ Resources Pty Ltd & FSZ Resources Pty Ltd
are wholly owned subsidiaries of Galileo Mining Ltd.
•Great Southern Nickel Pty Ltd and Dunstan
Holdings Pty Ltd are entities of Mark Creasy
•The Kitchener Area is approximately 250km east of
Kalgoorlie on vacant crown land and on the
Boonderoo Pastoral Station.
•The Yardilla Area is approximately 90km east of
Norseman on vacant crown land and on the Fraser
Range Pastoral Station.
•Both the Kitchener Area and the Yardilla Area are
100% covered by the Ngadju Native Title
Determined Claim.
•The tenements are in good standing and there are
no known impediments.
Exploration
done by other
parties
Acknowledgment and appraisal of
exploration by other parties.
•NA - no previous nickel exploration on the
tenements
Geology Deposit type, geological setting
and style of mineralisation.
•The target geology at the DB1 prospect is indicative
of magmatic nickel-copper sulphide mineralisation
hosted in or associated with mafic-ultramafic
intrusions within the Fraser Complex of the Albany-
Fraser Orogeny.
•The target geology at the DB2 prospect is indicative
of magmatic/volcanic copper-gold mineralisation
hosted in or associated with mafic-felsic intrusions
within the Fraser Complex of the Albany-Fraser
Orogeny.
•The underlying unweathered lithology is granulite
facies metamorphosed and partially retrogressed
sedimentary, mafic and ultramafic igneous rocks as
determined by petrographic work.

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Criteria JORC Code explanation Commentary
Drill hole
Information
A summary of all information
material to the understanding of
the exploration results including a
tabulation of the following
information for all Material drill
holes:
o easting and northing of the drill
hole collar
o elevation or RL (Reduced Level
– elevation above sea level in
metres) of 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 clearly
_explain why this is the case. _
•Refer to drill hole collar table in Appendix 1,
summary geological logs in Appendix 2, and assay
results in Appendix 3.
Data
aggregation
methods
In reporting Exploration Results,
weighting averaging techniques,
maximum and/or minimum grade
truncations (eg cutting of high
grades) and cut-off grades are
usually Material and should be
stated.
Where aggregate intercepts
incorporate short lengths of high
grade results and longer lengths of
low grade results, the procedure
used for such aggregation should
be stated and some typical
examples of such aggregations
should be shown in detail.
The assumptions used for any
reporting of metal equivalent
values should be clearly stated.
•Weighted averaging has been used, based on the
sample interval, for the reporting of drilling intercept
results.
•Tables of the relevant assay intervals of
significance are included in this release. Criteria for
inclusion are based on an assay of >/= 0.1%
Copper over a minimum interval of 1m and
including up to 1m of internal dilution. Intercepts
reporting greater than 0.1% Copper include the
corresponding interval intercept for Gold, Silver,
Iron, Magnesium and Zinc
•Parts-per-million data reported from the assay
laboratory for Cu and Zn have been converted to
percent values and reported as percent values
rounded to 2 significant figures
Relationship
between
mineralisation
widths and
intercept
lengths
These relationships are particularly
important in the reporting of
Exploration Results.
If the geometry of the
mineralisation with respect to the
drill hole angle is known, its nature
should be reported.
If it is not known and only the down
hole lengths are reported, there
should be a clear statement to this
effect (eg ‘down hole length, true
width not known’).
•Geometry of the mineralisation at Delta Blues DB2
prospect is inferred from MLEM modelling. EM
modelling implies a dip of approximately 70 degrees
towards 100 degrees, however no reliable
quantitative measurements exist.
•The drilling is oriented perpendicular to the regional
lithological strike and dip or perpendicular to the
modelled EM conductors
Diagrams Appropriate maps and sections
_(with scales) and tabulations of _
•Project location map and plan map of the drill hole
locationswith respect to eachotherandwith

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Criteria JORC Code explanation Commentary
intercepts should be included for
any discovery being reported
These should include, but not be
limited to a plan view of drill hole
collar locations and appropriate
_sectional views. _
respect to other available data.
•Drill hole locations have been determined with
hand-held GPS drill hole collar location (Garmin
GPS 78s) +/- 5m in X/Y/Z dimensions
Balanced
reporting
Where comprehensive reporting of
all Exploration Results is not
practicable, representative
reporting of both low and high
grades and/or widths should be
practiced to avoid misleading
_reporting of Exploration Results. _
•All available relevant information is presented.
Other
substantive
exploration
data
Other exploration data, if
meaningful and material, should be
reported including (but not limited
to): geological observations;
geophysical survey results;
geochemical survey results; bulk
samples – size and method of
treatment; metallurgical test
results; bulk density, groundwater,
geotechnical and rock
characteristics; potential
deleterious or contaminating
substances.
•Detailed 50m line spaced aeromagnetic data has
been used for interpretation of underlying geology.
Data was collected using a Geometrics G-823
Caesium vapor magnetometer at an average flying
height of 30m.
•Modelling and interpretation of MLEM geophysical
data was undertaken by Spinifex Gpx Pty Ltd and
Geopotential Pty Ltd.
•All MLEM geophysical interpretations were
completed independently to provide models to
assist drill targeting.
•Detailed gravity data has been used for
interpretation of underlying geology. Data was
collected using Scintrex CG-5 Autograv gravity
meters positioned using a Leica GX1230 receiver
and GNSS base station.
Further work The nature and scale of planned
further work (eg tests for lateral
extensions or depth extensions or
large-scale step-out drilling).
Diagrams clearly highlighting the
areas of possible extensions,
including the main geological
interpretations and future drilling
areas, provided this information is
_not commercially sensitive. _
•Down hole EM surveying at the Delta Blues DB2
prospect
•Fixed Loop EM surveying at the Delta Blues DB1
prospect
•Petrographical examination of selected intervals of
RC chips
•Diamond core drilling of both targets (DB1 and
DB2) at Delta Blues

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