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GBM RESOURCES LIMITED. Capital/Financing Update 2019

Jan 17, 2019

64966_rns_2019-01-17_ea2e4be5-66e3-42ba-8a24-4d671987bca5.pdf

Capital/Financing Update

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ABN 91 124 752 745

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18 January 2019

Mount Coolon and Twin Hills Combined Resource Base Approaches 1 Million Ounces

Summary Highlights:

  • New JORC 2012 Mineral Resource estimate for the two deposits at Twin Hills (309 and Lone Sister) totals 633,000 ounces. (note the cautionary statement relating to Twin Hills below.)

  • The Combined Mineral Resource estimate for the Mount Coolon and Twin Hills Gold Deposits have increased 66% to 963,000 ounces at an average grade of 2.2 g/t Au. Mount Coolon is planned to be developed as a central processing hub with proposed co-development of Twin Hills to provide high grade satellite feed.

  • Twin Hills mineral system interpreted as an intrusion related, low sulphidation, epithermal system containing high gold fineness deposits.

  • Both 309 and Lone Sister remain open at depth with current resources limited by drilling to approximately 300 metres below surface.

  • Mount Coolon Scoping Study demonstrates potential to generate strong positive cash flow from existing deposits (Koala, Glen Eva and Eugenia) prior to inclusion of Twin Hills (refer GBZ ASX release, 4 December 2017).

Cautionary Statement

GBM has upgraded the two deposits at Twin Hills (309 and Lone Sister) to JORC 2012 to demonstrate the potential economic benefit of the acquisition that may further underwrite the development of both gold projects.

ASX Code: GBZ

COMPANY DIRECTORS

Peter Thompson Managing Director/ Executive Chairman

Sunny Loh Non- Executive Deputy Chairman Neil Norris Exploration Director – Executive Hun Seng Tan Non- Executive Director

CONTACT DETAILS

Principal & Registered Office Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153

Exploration Office 10 Parker Street, Castlemaine, Victoria 3450

Website

www.gbmr.com.au

Email

[email protected] Phone +61 (8) 9316 9100

Fax +61 (8) 9315 5475

Phone (Exploration Office) +61 (3) 5470 5033

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The Twin Hills tenements are not owned by GBM and are subject to a binding Sale and Purchase Agreement which was signed with Minjar Gold Pty Ltd in September 2018 to acquire a 100% interest in the Twin Hills Gold Deposits. Certain conditions precedent have to be satisfied by GBM by 28 February 2019. (Refer to page 3 for a summary of these conditions).

1

GBM Resources Limited (ASX: GBZ) ( GBM or the Company ) is pleased to announce that, as a result of inclusion of JORC 2012 Mineral Resource estimates for the Twin Hills gold deposits, the Mount Coolon Gold Project ( MCGP ) now contains, an estimated 0.96 million ounces of gold.

The upgrade to JORC 2012 status of historic gold resources at the 309 and Lone Sister deposits at Twin Hills has resulted in a significant increase relative to those prior estimates. The Twin Hills deposits are now estimated to contain 6.9 million tonnes at an average grade of 2.8 g/t Au for 633,000 ounces of contained gold.

Both the existing MCGP deposits (Koala, Glen Eva and Eugenia) and the Twin Hills deposits (309 and Lone Sister) are considered by GBM to hold significant exploration upside.

Table 1 summarises the MCGP gold resources, including Twin Hills. A further breakdown of the resources for the 309 and Lone Sister gold deposits is contained in Table 2. These resources have been estimated and reported in accordance with JORC 2012 by independent New Zealand based consultancy, Geomodelling Ltd.

Project Location Resource Category Resource Category Resource Category 000' t
Aug/t
Au ozs
Total
Cut-off
000' t
Aug/t
Au ozs
Measured
000' t
Aug/t
Au ozs
Indicated
000' t
Aug/t
Au ozs
Inferred
Koala Open Pit
Underground
Tailings
670
2.6
55,100
440
1.9
26,700
1,120
2.3
81,800
0.4
Extension
50
3.2
5,300
260
4
34,400
320
3.9
39,700
2.0
114
1.7
6,200
9
1.6
400
124
1.6
6,600
1
Total 114
1.7
6,200
729
2.6
60,800
700
2.7
61,100
1,563
2.5
128,100
Eugenia Oxide
Sulphide
885
1.1
32,400
597
1.0
19,300
1,482
1.1
51,700
0.4
905
1.2
33,500
1,042
1.2
38,900
1,947
1.2
72,400
0.4
Total 1,790
1.1
65,900
1,639
1.1
58,200
3,430
1.1
124,100
Glen Eva
Twin Hills 309
Open Pit
Open Pit
Underground
1,070
1.6
55,200
580
1.2
23,100
1,660
1.5
78,300
0.4
320
4.4
44,400
2,690
2.2
193,100
1,300
1.4
58,500
4,310
2.1
296,000
1
110
4.8
16,800
510
3.7
60,100
620
3.9
76,900
2
Total 320
4.4
44,400
2,800
2.3
209,900
1,810
2.0
118,600
4,930
2.4
372,900
Lone Sister Underground 2,010
4.0
260,100
2,010
4.0
260,100
2.0
Total 434
3.6
50,600
6,390
1.9
391,800
6,738
2.4
521,000
13,592
2.2
963,000

Table 1: Combined Mount Coolon and Twin Hills Gold Projects Mineral Resource estimates, rounded for reporting ('000 tonnes, '00 ounces, 0.0 grade) (309 and Lone Sister deposits). (Refer to ASX release dated 4 December 2017 for the Koala, Eugenia and Glen Eva Resources)

2

Binding Sale and Purchase Agreement (SPA) with Minjar Gold Pty Ltd

1. Conditions precedent

Completion is subject to and conditional upon:

  • i. GBM obtaining indicative approval for the transfer of the tenements;

GBM obtained indicative approval for the transfer of the tenements on 4 January 2019.

  • ii. the consents of all third parties being obtained pursuant to the primary agreements to which the Third Party Agreements relate (as required);

The major third party agreements are well advanced and the process is as per the completion schedule.

  • iii. GBM completing a debt or equity capital raising of at least A$7 million (representing the estimated Stage 1 funding required for the re-development of Mt Coolon); and

GBM is investigating a number of funding options, including a strategic joint venture partner, and remains positive on the outcome. GBM is entitled to waive this condition at its sole discretion.

  • iv. The SPA being endorsed by the Commissioner of State Revenue in the manner prescribed in the Duties Act.

This is a process step which follows item (i) above

GBM has until 28 February 2019, or such later date as the parties may agree, to satisfy these conditions or the SPA may be terminated. ( Refer to the full ASX release on 28 September 2018). However, GBM is entitled to waive the conditions referred to paragraphs (i), (iii) and (iv).

The Twin Hills Gold Deposits

The 309 and Lone Sister deposits are low sulphidation, epithermal gold deposits hosted within the western arm of the Drummond Basin in Queensland. The Drummond Basin is host to a number of significant gold deposits and is considered by GBM to hold potential for further discoveries.

The 309 and Lone Sister gold deposits are located 7 kilometres apart and linked by a major north-south structural lineament. Both deposits have previously been interpreted as intrusion related, high gold fineness, low sulphidation epithermal gold deposits, sometimes exhibiting bonanza gold grades (as evidenced by the peak gold value in the 309 deposit of 2,940g/t Au (I.0 metre interval from 222 m. in TRCD728) , with 300 individual metre samples exceeding 30g/t Au, and a peak gold value of 939g/t Au (from 235m in drillhole LRCD015 at Lone Sister ). A table of downhole drill intersections above 20 grammetres for both the 309 and Lone Sister gold deposits is appended and demonstrates the high-grade nature of these deposits.

GBM considers that potential depth extensions and strike repetition of both the 309 and Lone Sister deposits have not been adequately tested. A number of other prospects have been located by geophysical interpretation, geological mapping, and sampling and soil geochemistry. GBM will review available data and consider what further testing of these prospects is warranted. See Figure 8 for a graphical depiction of the deposits and prospects of the Twin Hills area, highlighting the significant package of exploration tenure for review.

3

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Figure 2: Mt Coolon Gold Project tenement group location plan

The 309 Deposit has been estimated to comprise 4.9Mt averaging 2.4 g/t Au containing 372,900 ounces of gold and 471,000 ounces of silver (refer Table 2) assuming open pit mining to 1050 RL, or a depth of approximately 200m. However, if GBM’s planned studies demonstrate that underground mining is the preferred option for the entire deposit, then an estimated u nderground resource of 1.8Mt at an average grade of 4.0 g/t Au containing an estimated 241,000 ounces of gold would be available to support underground mining of the 309 deposit.

The Lone Sister Deposit is estimated at 2.0Mt at an average grade of 4.0 g/t Au containing 260,000 ounces of gold and 604,000 ounces of silver .

4

Category Cutoff Tonnage Grade Contained Metal Contained Metal
Au (g/t) (t) Au (g/t) Ag (g/t) Au (oz) Ag (oz)
309 Deposit
Open Pit (above 1050RL)
Measured 1.0 320,000 4.4 6.4 44,400 65,000
Indicated 1.0 2,690,000 2.2 3.4 193,100 295,400
Inferred 1.0 1,300,000 1.4 1.7 58,500 70,100
Total open pit 1.0 4,310,000 2.1 3.1 296,000 430,500
Underground (below 1050 RL)
Measured 2.0
Indicated 2.0 110,000 4.8 3.4 16,800 11,900
Inferred 2.0 510,000 3.7 1.8 60,100 28,800
Total underground 2.0 620,000 3.9 2.0 76,900 40,700
Total 309 Deposit
Measured 1.0 / 2.0 320,000 4.4 6.4 44,400 65,000
Indicated 1.0 / 2.0 2,800,000 2.3 3.4 209,900 307,300
Inferred 1.0/2.0 1,810,000 2.0 1.7 118,600 98,900
TOTAL 1.0/2.0 4,930,000 2.4 3.0 372,900 471,200
Lone Sister Deposit
Measured 2.0
Indicated 2.0
Inferred 2.0 2,010,000 4.0 9.4 260,100 604,800
Total 2.0 2,010,000 4.0 9.4 260,100 604,800
Total Twin Hills
Measured 1.0 / 2.0 320,000 4.4 6.4 44,400 65,000
Indicated 1.0 / 2.0 2,800,000 2.3 3.4 209,900 307,300
Inferred 1.0/2.0 3,820,000 3.1 5.7 378,700 703,700
TOTAL 1.0/2.0 6,940,000 2.8 4.8 633,000 1,076,000

Table 2: Twin Hills Resource Summary for the 309 and Lone Sister Gold Deposits (rounded for reporting ('000 tonnes, '00 ounces, 0.0 grade)

5

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Figure 3: Plan view of the Twin Hills 309 gold deposits (above) and long projection (below). These show ore blocks in various grade ranges and previous underground development.

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6

Mineralisation at Twin Hills was discovered in 1988 by Metana Minerals and subsequently explored by Homestake, Plutonic and others. It wasn’t until 2005 that mining was commenced by BMA Gold Ltd. The drilling at both deposits intersected a large number of very high to bonanza grade intersections, as often seen within intrusion-related, low sulphidation epithermal gold-silver systems. A selection of these is provided in Table 3 below. A more complete summary of all intersections above 20 gram-metres is appended to this release.

Hole ID
From
Hole ID
From
To Interval Grade Gram.Metre Gold grade intercept comment
(m) (m) Length(m) **Aug/t ** (g/t x m)
Twin Hills 309 Deposit
TRCD728 222.0 239.0 17.0 317.4 5396 17 m @ 317.4 g/t Au from 222 m in TRCD728 including 5 m @ 1036.6 g/t
Au from 222 m, 4 m @ 49.03 g/t Au from 230 m
THRC782 56.0 73.0 17.0 79.8 1357 17 m @ 79.8 g/t Au from 56 m in THRC782 including 13 m @ 104.1 g/t Au
from 60 m
THRCD875 177.0 184.0 7.0 93.5 654 7 m @ 93.5 g/t Au from 177 m in THRCD875 including 1 m @ 6.4 g/t Au
from 177 m, 3 m @ 214 g/t Au from 180 m
TRC614 46.0 80.0 34.0 18.7 637 34 m @ 18.7 g/t Au from 46 m in TRC614 including 4 m @ 8.4 g/t Au from
71 m, 10 m @ 56.8 g/t Au from 59 m
TRC424 35.0 37.0 2.0 243.1 486 2 m @ 243.1 g/t Au from 35 m in TRC424 including 1 m @ 485 g/t Au from
35 m
THRCD789 88.0 100.0 12.0 38.3 460 12 m @ 38.4 g/t Au from 88 m in THRCD789 including 4 m @ 112.2 g/t Au
from 96 m
THRCD826 271.0 274.0 3.0 108.8 326 3 m @ 108.8 g/t Au from 271 m in THRCD826 including 2 m @ 162.6 g/t Au
from 272 m
Lone Sister Deposit
LRCD015 212.0 246.0 34.0 39.1 1329 34 m @ 39.1 g/t Au from 212 m in LRCD015 including 14 m @ 86.3 g/t Au
from 222 m, 4 m @ 7.4 g/t Au from 212 m, 4 m @ 14.08 g/t Au from 241 m,
1 m@ 8.3g/t Aufrom 237 m
LRCD057 177.0 188.0 11.0 29.5 324 11 m @ 29.5 g/t Au from 177 m in LRCD057 including 10 m @ 32.2 g/t Au
from 177 m
LRCD063 247.0 265.0 18.0 15.8 284 18 m @ 15.8 g/t Au from 247 m in LRCD063 including 5 m @ 11.0 g/t Au
from 259 m, 11 m@ 20.3g/t Aufrom 247 m
LRCD154 218.0 229.0 11.0 23.4 258 11 m @ 23.4 g/t Au from 218 m in LRCD154 including 5 m @ 49.5 g/t Au
from 220 m
LRCD143 140.0 157.0 17.0 13.1 223 17 m @ 13.1 g/t Au from 140 m in LRCD143 including 1 m @ 8.4 g/t Au
from 140 m, 2 m @ 49.3 g/t Au from 150 m, 1 m @ 11.2 g/t Au from 147 m,
1 m@ 77.7g/t Aufrom 155 m
LRCD157 222.0 233.0 11.0 15.5 170 11 m @ 15.5 g/t Au from 222 m in LRCD157 including 7 m @ 22.2 g/t Au
from 222 m, 1 m@ 8.1g/t Aufrom 232 m
LRCD148 177.0 191.0 14.0 12.1 169.6 14 m @ 12.1 g/t Au from 177 m in LRCD148 including 6 m @ 19.0 g/t Au
from 180 m, 1 m@ 8.5g/t Aufrom 177 m, 1 m@ 37.4g/t Aufrom 187 m
LRCD157 209.0 220.0 11.0 11.1 122.4 11 m @ 11.1 g/t Au from 209 m in LRCD157 including 8 m @ 14.3 g/t Au
from 210 m

Table 3: Selected high-grade drill intersections from previous exploration at the Twin Hills 309 and Lone Sister Gold

Deposits

BMA established an underground mine at the 309 deposit and completed a decline to approximately 160m below surface, plus the development of two ore lenses. Ore produced was trucked to the Rishton Mill east of Charters Towers, some 280 kilometres away. With gold trading at A$572/oz in June 2005 and prices for consumable and labour rising with the mining boom, the operation was forced to model and selectively mine ore zones at a high cut-off grade (considered to be around 6 g/t). The result appears to be that mineralisation was not continuous at these high cut-off grades yielding disappointing head grades for the second ore zone and resulting in closure of operations around January 2006. Current economics suggest the potential for GBM to operate at much lower cut-off grades, resulting in more coherent ore zones delivering more predictable head grades for treatment at a proximal processing plant. Recent inspection by GBM indicates that the portal, ventilation shafts and decline appear to be in sound condition with service lines intact.

7

The current reported 309 resource is based on data from 429 drill holes and assumes a combination of open pit and underground mining with cut-off grades of 1.0 and 2.0 g/t Au respectively. This resource contains 372,900 ounces and represents approximately 60% of the total 633,000 ounces of gold contained within the current resource model which only extends to around 300 metres below surface. While much of this modelled resource lies within a broadly mineralised breccia zone that may be too low grade to be extracted, it does serve to demonstrate the overall scale of this deposit. It is also only part of the Twin Hills mineralising system, much of which remains to be thoroughly tested along strike and at depth.

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Figure 4: Grade Tonnage Curve for the Twin Hills 309 Deposit. This graph clearly shows that there is a large volume of lower grade material that may become extractable should deeper open pit mining with a lower cut-off grade prove feasible.

8

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Figure 5: Contained gold for the Twin Hills 309 deposit versus cut-off grade.

The Lone Sister deposit is located approximately seven kilometres south of 309 and is considered part of the same auriferous Twin Hills mineralising system. Lone Sister appears as a more tightly constrained deposit, more closely related to a vein system, and was described in part as this by previous workers. This deposit has been modelled based on data from a total of 50 drillholes and on a 2.0 g/t Au cut-off grade assuming that underground mining is the likely mining method. This model also extends to approximately 300 metres below surface and, as for the 309 deposit, there is no drill testing below this depth.

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Photograph: Decline portal at the Twin Hills 309 Gold Mine.

9

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Figure 6: Grade tonnage curve for the Lone Sister Gold Deposit.

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Figure 7: Contained gold versus cut-off grade for the Lone Sister Gold Deposit.

10

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Figure 8: Twin Hills gold deposits and prospects. ML (red boundary) and EPM’s (blue). For more detail of drillhole locations please see appended tables for the 309 Deposit and Lone Sister deposit.

11

2018 Twin Hills Gold Project – 309 and Lone Sister Resource Estimates Commentary

Geology, Mineralisation and Exploration Potential

The Twin Hills 309 and Lone Sister deposits are contained within Mining Licence 70316 which is located within a broader tenement package being purchased by GBM within the western arm of the Drummond Basin (see figure 1). Mineralisation in the Drummond Basin is characterised as high-grade epithermal style precious metal deposits. Examples include Pajingo (3.0 Moz), Wirralie (1.1 Moz), Yandan (0.6 Moz) and Koala. Mineralisation is typified by fine grained electrum in quartz veins and or breccias. These deposits are interpreted to have formed locally in extensional jogs or bends of transform fault systems.

309 Deposit

The northern and primary resource of the two advanced-stage prospects at Twin Hills and the only one with any mine development. 309 is an eruption breccia, intrusion-related low sulphidation epithermal gold-silver system with input from polyphase intrusions at depth. Sinters at surface indicate full system preservation. Local bonanza grades are present (e.g. 17 m @ 317.4 g/t Au from 222 m in TRCD728 including, 5 m @ 1,036.6 g/t Au from 222 m, 4 m @ 49.03 g/t Au from 230 m) and the deposit is zoned from silver-dominated near surface to gold-dominated with depth.

Three high grade mineralised zones were previously defined with Area 1 subjected to mining between 2005 and 2007 by BMA; Area 1 consists of chalcedonic silica-flooded breccia with fine disseminated electrum, Area 2 is a broad EW zone of narrow steeply south-dipping quartz-calcite veins carrying free gold, and Area 3 is a well-defined steeply north-dipping zone of more intense stockwork quartz-calcite veins. In general, 309 does not conform to a Pajingo-style “fat-vein” dilational epithermal model, more closely resembling an anastomosing or stockwork vein type. Current resource modelling has identified additional zones, some of which require further testing to lift the resource classification level.

Exploration potential at the 309 Deposit includes:

  • Down-plunge depth extensions to identified ore shoots, including Area 2 (beyond 350m below surface).

  • Persistance of low-sulphidation Ginguro-style veins to 450m concentrated in dilational shoots on the WNW-trending bounding Great Southern Fault – epithermal pressure-temp conditions may persist in fault dilational zones to significant depth.

Lone Sister Deposit

The deposit is located 7 km south of 309 and has seen no significant exploration activity since 2008. Mineralisation is interpreted as low-sulphide epithermal Au restricted to a porphyritic rhyolite dome host and an adjacent related hydrothermal breccia. Mineralisation extends to at least 350m below surface and is open at depth. The deposit location on flexures in through-going structures suggests mineralisation may continue to depth. Gold is present in two main styles; as sooty sulphide veinlets and as open-space banded mineralisation in the breccia.

Further exploration potential at Lone Sister:

  • Intrusive source at depth for the mineralizing fluids in the breccia body

  • Moderate to steep north-plunging shoots within the rhyolite unit remain open.

12

Drilling Techniques.

This Resource estimate is based on diamond (DD) and reverse circulation (RC) drilling data compiled from previous exploration and mining activity.

Whilst the drilling was carried out under the supervision of several companies, the drilling, sampling and assaying methods varied little throughout the history of the project.

RC drilling used a face sample hammer to reduce downhole contamination. RC holes were rarely downhole surveyed. Surface diamond core drilling (HQ and NQ) was mostly tails off RC pre-collars. The diamond holes were surveyed at an average of 35m downhole.

Underground diamond drilling (BQ) was used for very closely spaced infill drilling prior to mining.

The 309 mineral resource estimate is based on 429 drill holes for 22947.63 m. Of these 16 were diamond core holes drilled from surface totalling 2459.1 m; 196 diamond core holes drilled from underground totalling 12608.3 m; 111 diamond core tails of RC pre-collars totalling 29528.31 m; 106 RC holes drilled from surface totalling 11351.82 m.

The Lone Sister mineral resource estimate is based on 50 drill holes for 14067.72 m. Of these 42 were diamond core tails of RC pre-collars totalling 13260.72 m; 8 were RC holes drilled from surface totalling 807.0 m.

Diamond core recovery was very high, averaging 99.7% at 309 and 100% at Lone Sister.

Sampling Methods.

RC drilling drill cuttings were sampled from the cyclone at 1.0 m intervals and sub-sampled using Jones riffle splitters to a 2kg – 3kg sample.

Diamond drill core was sub-sampled by cutting the core in half longitudinally using a diamond saw. The core was cut at the highest angle possible to geological features to ensure that half of each geological feature was sampled. Diamond core samples were generally to 1.0 m

Sample Analysis Method.

All samples were assayed for Au by fire assay with aqua regia / AAS finish. Approximately 65% of samples were also assayed for Ag using the same method.

Assay quality control procedures varied through time with different operators. In general blanks and standards were inserted at a rate of 1 in 10 – 20 and pulp duplicates at 1 in 15 samples. 50% of samples > 0.5 g/t were sent to an umpire laboratory. The results of these data indicate that the quality of the data is suitable for use in resource estimation.

Estimation Methodology.

The raw gold assay results were composited to 2.0 m prior to statistical analysis and variography.

For the 309 deposit gold grades were interpolated in a block model with parent blocks 5 m by 5 m by 5 m sub-blocked to 1.25 m x 1.25 m x 1.25 m Interpolation was by ordinary kriging within 2 variably oriented gold grade domains interpreted at a nominal 0.2 g/t Au. The gold grade domains were used as hard boundaries.

At the Lone Sister deposit gold grades were interpolated in a block model with parent blocks 4 m x 16 m x 10 m and sub-blocks of 1 m x 4 m x 12.5 m. Interpolation was by ordinary kriging within a gold grade domain interpreted at a nominal 1.0 g/t Au. The gold grade domain was used as a hard boundary. Grades above 60 g/t were restricted to within 16 m.

Oxidation domains were interpreted from logged oxidation and used to code the block model for determination of mineralisation types and assignment of bulk density.

Limited density is available so assumed densities (based on typical values for lithology and oxidation level) were assigned to blocks. All oxide material was assigned a density of 2.4 t/m3 and 2.6 t/m3 in fresh material.

13

Resource Classification Criteria.

The 309 block model was classified in accordance with the JORC 2012 code. Resource classification took into account:

  • geological continuity

  • the plausibility of alternative geological interpretations,

  • data (drilling) density and configuration (distance to nearest samples, number holes used)

  • kriging slope of regression

Resource classification was based on largely on measures of grade estimation quality. The low grade and simple shape of the gold grade domain meant that geological continuity was not considered for resource classification because the level of confidence in geological continuity is uniform throughout the model.

Measured resources have been classified from continuous zones where the average distance of composite samples used to interpolate a block was less than 15 m, the kriging slope of regression was greater than 0.7 and data from at least three drillholes was used.

Indicated resources were classified from continuous zones where the average distance of composite samples used to interpolate a block was 15 m – 25 m, the kriging slope of regression was 0.1 - 0.7 and data from at least two drillholes was used.

All remaining material inside the gold grade domains was classified as inferred.

All of the Lone Sister block model was classified as inferred as the geological interpretation is not unequivocal.

Validation of the block models was by;

  • comparison to reported production of the 309 deposit to 31/12/06 which totalled 56,370t @ 11.1 g/t. This resource estimate reports 58,900t at 8.38 g/t from the mined voids.

  • visually, by comparison of block model grades to de-clustered composite grades,

  • by comparison of histograms of block and composite grades and in swath plots.

Cut-off Grades

The resource has been estimated at a range of cut-off grades which are presented as grade and tonnage curves in figure summarised in figures 4, 5, 6 & 7. Potentially open pittable resources at 309 were reported from above 1050 RL at a cut-off of 1.0 g/t. The cut-off grade used may be conservative but reflects the lack of metallurgical testwork from low grade samples and the presence of sulphide minerals which may indicate a refractory component in low grade mineralisation. A previous pit optimisation at a gold price of AUD$1,500/oz extended to 1050RL

Underground resources at 309 and Lone Sister are reported from below 1050RL at a 2.0 g/t cut-off. The cutoff grade reflects previous underground mining studies with an allowance for reasonably foreseeable gold price increases.

Mining and Metallurgical Methods.

This Resource estimate is based on the following assumptions, that:

  • Open pit mining is technically feasible at the 309 deposit. This is supported by previous mining studies and preliminary pit optimisations. The cut-off grade of potentially open pittable resources reflects the lack of metallurgical testwork from low grade samples and the presence of sulphide minerals which may indicate a refractory component in low grade mineralisation. A previous pit optimisation at a gold price of AUD$1,500/oz extended to 1050RL. Open pit mining was not considered an option at the Lone Sister Deposit, however future studies may demonstrate that this is possible.

14

  • Underground mining is supported by previous mining at the 309 orebody and later feasibility studies demonstrating that this is possible and feasible.

  • An economic processing route will be found. Previous mining was conducted using conventional CIL treatment methodologies. Significant amount of metallurgical testwork has been completed by previous operators and reviewed by GBM and supports this view.

  • Gold prices remain at, or around current prices (AUD$1600/oz).

For Further information please contact:

Media enquiries: Peter Thompson Michael Vaughan Managing Director Fivemark Partners GBM Resources Limited +61 422 602 720 +61 8 9316 9100 [email protected]

About GBM Resources

GBM Resources Ltd (ASX: GBZ) is an Australian resource company that listed on the ASX in 2007, headquartered in Perth WA, with exploration operations in Victoria and Queensland.

The Company’s primary focus is in key commodities of gold and copper-gold, assets in Australia. GBM tenements cover an area greater than 2,500 square kilometres in eight major projects areas in Queensland and Victoria.

GBM is prioritising the exploration and development of the Mount Coolon Gold Project and Mount Morgan Gold Copper Project.

Notes

The information in this report that relates to The Twin Hills Mineral Resources is based on information compiled by Kerrin Allwood, who is a Member of The Australasian Institute of Mining and Metallurgy and The Australasian Institute of Geoscientists. Mr Allwood is a full time employee of Geomodelling Limited. Mr Allwood has sufficient experience which is relevant to the style of mineralisation 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 Allwood consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

The information in this report that relates Exploration Results and Mineral Resources is based on information compiled by Neil Norris, who is a Member of The Australasian Institute of Mining and Metallurgy and The Australasian Institute of Geoscientists. Mr Norris is a full-time employee of the company, and is a holder of shares and options in the company. Mr Norris has sufficient experience which is relevant to the style of mineralisation 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 Norris consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

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 Company confirms that it is not aware of any new information or data that materially affects the information included in the respective announcements and all material assumptions and technical parameters underpinning the resource estimate with those announcements continue to apply and have not materially changed.

15

Appended

309 Deposit and Lone Sister Deposit - JORC Table 1.

309 Deposit Surface Drillhole Location Plan. Lone Sister Deposit Surface Drillhole Location Plan. 309 Deposit Surface Drillhole Collar Table. Lone Sister Deposit Surface Drillhole Collar Table. 309 Deposit Surface Drilling Downhole Intersection Summary Table. Lone Sister Surface Drilling Downhole Intersection Summary Table.

16

JORC CODE, 2012 EDITION – TABLE 1 REPORT TEMPLATE

Section 1 Sampling Techniques and Data

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

  • Criteria JORC Code explanation Commentary SamplingNature and quality of sampling (eg cut channels, random chips, or specific • These mineral resource estimates are based on samples from reverse techniques specialised industry standard measurement tools appropriate to the circulation (RC) and diamond core (DD) drilling. minerals under investigation, such as down hole gamma sondes, or • RC drill cuttings were sampled from the cyclone at 1.0 m intervals and sub- handheld XRF instruments, etc). These examples should not be taken as sampled using Jones riffle splitters which are designed to allow the limiting the broad meaning of sampling. collection of unbiased sub-samples.

  • Include reference to measures taken to ensure sample representivity and the • DD core was sub-sampled by cutting the core in half longitudinally using a appropriate calibration of any measurement tools or systems used. diamond saw. The core was cut at the highest angle possible to geological

  • Aspects of the determination of mineralisation that are Material to the features to ensure that half of each geological feature was sampled. Public Report. Diamond core samples were generally to 1.0 m intervals but honoured

  • In cases where ‘industry standard’ work has been done this would be geological contacts where appropriate. relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m • All sub-samples were then bagged and dispatched to external commercial samples from which 3 kg was pulverised to produce a 30 g charge for fire laboratories for assay. All samples were analysed for gold by fire assay assay’). In other cases more explanation may be required, such as where followed by aqua regia digestion and AAS analysis. Silver was similarly there is coarse gold that has inherent sampling problems. Unusual assayed by fire assay / AAS for 68% of the samples and arsenic by aqua commodities or mineralisation types (eg submarine nodules) may warrant regia digest and AAS analysis for 50% of the samples. Selected samples disclosure of detailed information. were analysed for a multi-element suite.

  • DrillingDrill type (eg core, reverse circulation, open-hole hammer, rotary air blast, 309 mineral resource estimate: techniques auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard • The 309 mineral resource estimate is based on 429 drill holes for 22947.63 tube, depth of diamond tails, face-sampling bit or other type, whether core m. Of these 16 were diamond core holes drilled from surface totaling

  • is oriented and if so, by what method, etc).

  • RC drill cuttings were sampled from the cyclone at 1.0 m intervals and subsampled using Jones riffle splitters which are designed to allow the collection of unbiased sub-samples.

  • DD core was sub-sampled by cutting the core in half longitudinally using a diamond saw. The core was cut at the highest angle possible to geological features to ensure that half of each geological feature was sampled. Diamond core samples were generally to 1.0 m intervals but honoured geological contacts where appropriate.

  • • All sub-samples were then bagged and dispatched to external commercial laboratories for assay. All samples were analysed for gold by fire assay followed by aqua regia digestion and AAS analysis. Silver was similarly assayed by fire assay / AAS for 68% of the samples and arsenic by aqua regia digest and AAS analysis for 50% of the samples. Selected samples were analysed for a multi-element suite.

309 mineral resource estimate: • The 309 mineral resource estimate is based on 429 drill holes for 22947.63 m. Of these 16 were diamond core holes drilled from surface totaling 2459.1 m; 196 diamond core holes drilled from underground totaling 12608.3 m; 111 diamond core tails of RC pre-collars totaling 29528.31 m; 106 RC holes drilled from surface totaling 11351.82 m. • All RC drilling utilized a face sample hammer. • DD core was HQ and NQ in size for surface drilling and BQ for underground drilling.

Lone Sister mineral resource estimate:

17

Criteria JORC Code explanation Commentary
• The Lone Sister mineral resource estimate is based on 50 drill holes for
14067.72 m. Of these 42 were diamond core tails of RC pre-collars totaling
13260.72 m; 8 were RC holes drilled from surface totaling 807.0 m.
• All RC drilling utilized a 5.25 inch face sample hammer.
• DD core was HQ and NQ in size.
Drill sample Method of recording and assessing core and chip sample recoveries and • RC drilling recovery was not recorded
recovery results assessed. • Diamond drilling recovery was measured run by run as recovered length
Measures taken to maximise sample recovery and ensure representative compared to drilled length.
nature of the samples. • For the 309 mineral resource estimate diamond drilling recovery is available
Whether a relationship exists between sample recovery and grade and for 44 holes and averages 99.7%
whether sample bias may have occurred due to preferential loss/gain of • For the Lone Sister mineral resource estimate diamond drilling recovery is
fine/coarse material. available for 9 holes and averages 100.0%
• Any potential relationship between drilling recovery and gold grade was not
investigated because the drilling recovery is so high.
Logging Whether core and chip samples have been geologically and geotechnically • All drill core and chips were logged for lithology, colour, weathering and
logged to a level of detail to support appropriate Mineral Resource alteration using standardized codes.
estimation, mining studies and metallurgical studies. • Selected diamond core was also logged for geotechnical data (RQD,
Whether logging is qualitative or quantitative in nature. Core (or costean, strength, fracture frequency, joint type and roughness)
channel, etc) photography. • All intersections were logged.
The total length andpercentage of the relevant intersections logged.
Sub-sampling If core, whether cut or sawn and whether quarter, half or all core taken. • RC drill cuttings were sub-sampled using 3 tier (12.5%) Jones riffle splitters
techniques and If non-core, whether riffled, tube sampled, rotary split, etc and whether to yield a 2 kg – 3 kg sub-sample.
sample sampled wet or dry. • RC sample moisture was not recorded and any measures taken sample wet
preparation For all sample types, the nature, quality and appropriateness of the sample or moist RC samples have not been recorded.
preparation technique. • DD core was sub-sampled by cutting the core in half longitudinally using a
Quality control procedures adopted for all sub-sampling stages to maximise diamond saw. The core was cut at the highest angle possible to geological
representivity of samples. features to ensure that half of each geological feature was sampled.
Measures taken to ensure that the sampling is representative of the in situ Diamond core samples were generally to 1.0 m intervals but honoured
material collected, including for instance results for field duplicate/second- geological contacts where appropriate.
half sampling. • Very rare visible gold (<1.0 mm) is present at both deposits. Whilst no
Whether sample sizes are appropriate to the grain size of the material being analysis of the optimal sample size for such material was undertaken it is
sampled. likely that the sample size is insufficient for a reliable result. The impact of

18

Criteria JORC Code explanation Commentary
these samples on the resource estimates was managed by the restriction of
outliers during interpolation (see below).
Quality of The nature, quality and appropriateness of the assaying and laboratory • The assay methods used are total and appropriate to the style of
assay data and procedures used and whether the technique is considered partial or total. mineralization.
laboratory For geophysical tools, spectrometers, handheld XRF instruments, etc, the • No geophysical methods were used
tests parameters used in determining the analysis including instrument make and • Assay quality control procedures varied through time with different
model, reading times, calibrations factors applied and their derivation, etc. operators. In general blanks and standards were inserted at a rate of 1 in 10
Nature of quality control procedures adopted (eg standards, blanks, – 20 and pulp duplicates at 1 in 15 samples. 50% of samples > 0.5 g/t were
duplicates, external laboratory checks) and whether acceptable levels of sent to an umpire laboratory. The results of these data indicate that the
accuracy (ie lack of bias) and precision have been established. quality of the data is suitable for use in resource estimation.
Verification of The verification of significant intersections by either independent or • GBM have not carried out any check assays
sampling and alternative company personnel. • Twinned holes were not drilled, however the underground drilling at the
assaying The use of twinned holes. 309 deposit resulted in very closely spaced (< 1.0 m) drilling. These holes
Documentation of primary data, data entry procedures, data verification, showed that both gold grade and veining is highly variable at less than 10 m
data storage (physical and electronic) protocols. scale but form continuous zones at 10 m – 100 m scale.
Discuss any adjustment to assay data. • The raw assay data (laboratory certificates) was available for approximately
80% of the data.
• Negative values in the database less than -0.1 g/t were treated as null
values (not sampled), negative values between 0 and -0.1 g/t were halved
and converted to positive values on the assumption that these were below
detection values.
Location of Accuracy and quality of surveys used to locate drill holes (collar and down- • Surface drill collar locations were determined by differential GPS (DGPS) to
data points hole surveys), trenches, mine workings and other locations used in Mineral +/- 0.1 m.
Resource estimation. • Underground drill collar locations were determined by the mine surveyor
Specification of the grid system used. (total station instrument).
Quality and adequacy of topographic control. • Downhole surveys were taken at an average of 35 m downhole in DD and
RC DD holes.
• Most RC holes were not surveyed down hole
• Topographic control in the block models are from triangulated 2.0 m
contours created from surface survey traverses. The topographic surfaces
are suitable for resource estimation.
• Underground voids at the 309 deposit are from wireframes created from

19

Criteria JORC Code explanation Commentary
underground survey data (development) and laser scans (stopes). These are
suitable for resource estimation.
• All locational data was originally acquired local grids. GBM used MapInfo
software to convert all locational data (including historical wireframes) to
MGA grid.
Data spacing Data spacing for reporting of Exploration Results. • Drill data spacing varies significantly from less than 1.0 metre near
and Whether the data spacing and distribution is sufficient to establish the underground drill sites at the 309 deposit to 40 m in areas defined by
distribution degree of geological and grade continuity appropriate for the Mineral widely spaced surface drilling.
Resource and Ore Reserve estimation procedure(s) and classifications • Underground drilling at 309 is on varying azimuths and dips.
applied. • Surface drilling at 309 is on 25m spaced east-west and 25m spaced north –
Whether sample compositing has been applied. south sections
• Surface drilling at Lone Sister is on 40m spaced east-west sections and
largely drilled towards the east at dips of -60° to -80°.
• All work has been completed in MGA zone 55 using the GDA94 datum but
with 1000m added to elevation to prevent negative elevations.
Orientation of Whether the orientation of sampling achieves unbiased sampling of possible • The gross geometry of mineralisation at 309 is largely isotropic. The varying
data in relation structures and the extent to which this is known, considering the deposit drilling orientations used at 309 has allowed definition of this geometry and
to geological type. does not introduce any known bias
structure If the relationship between the drilling orientation and the orientation of key • The Lone Sister mineralization is more tabular in nature, striking north –
mineralised structures is considered to have introduced a sampling bias, this south and dipping steeply to the west. The drilling towards the east is
should be assessed and reported if material. appropriate to define the geology of the mineralization and does not
introduce any known bias
Sample The measures taken to ensure sample security. • Any measures taken to ensure sample security have not been recorded.
security Most assays were carried out at
Audits or The results of any audits or reviews of sampling techniques and data. • The competent person is not aware of any audits having been carried out
reviews on the data used in this resource estimate.
• The data used in this resource estimate have been reviewed several times
during BMA mining and for various due diligence studies carried out when
the project has changed hands.

20

Section 2 Reporting of Exploration Results

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

Criteria JORC Code explanation Commentary
Mineral Type, reference name/number, location and ownership including • Twin Hills 309 and Lone Sister deposits are contained within current Mining
tenement and agreements or material issues with third parties such as joint ventures, Licence ML70316, expiry 31/12/2019. The license is jointly owned by Minjar
land tenure partnerships, overriding royalties, native title interests, historical sites, Gold Pty Ltd through subsidiary companies NQM Gold 2 Pty Ltd (60%) and
status wilderness or national park and environmental settings. CQT Gold Australia Pty Ltd (40%) and is subject to a Sale and Purchase
The security of the tenure held at the time of reporting along with any agreement with Mount Coolon Gold Mines Pty Ltd, a wholly owned
known impediments to obtaining a licence to operate in the area. subsidiary of GBM Resources Ltd. On completion of the purchase, royalties
on gold production will be to the Queensland Government (currently 5%
on all ML’s in the state of QLD) and a 2.5% to Franco –Nevada Australia Pty
Ltd. Consent has been obtained for the transfer Conquest Mining Ltd. From
its parent company, Evolution Mining Ltd.
• Environmental Authority EPML00772013 is current and the Financial
Assurance held by the Queensland Department of Environment and Science
is currently $981,000 and will be subject to review on transfer or changes to
the Plan of Operations. GBM’s liability for any increases prior to transfer of
the licence is restricted to a $1M cap. Underground mining has been
conducted on the Licence and the current Plan of Operations is due for
renewal by 1st of September 2020.
• The licence is subject to an ILUA with the Jangaa People. The NW corner of
the licence falls within a Strategic Cropping Zone and the licence is
contained within a Forest Management Area.
• There are no known impediments to future mining on this Licence.
Exploration Acknowledgment and appraisal of exploration by other parties. • Exploration has been carried out by several companies over a long period of
done by other time at Twin Hills. Gold mineralisation was first recognized at Twin Hills by
parties Metana Minerals NL in 1987. Since that time the project area has been held
under either an exploration of mining licence by a variety of companies and
joint ventures.
• BMA Gold commenced underground mining at 309 in January 2006 and
ceased mining in February 2007.
• Of the drilling data used to inform the 309 mineral resource estimate
Metana drilled 1 DD hole(120m)and 1 RC hole(89m)in 1988,Plutonic drill

21

Criteria JORC Code explanation Commentary
31 RCDD holes (8555.41m) and 53 RC holes (5197.4m) from 1994 to 1999
and BMA Gold drilled 15 surface DD holes (2339.1m), 80 RCDD holes
(20973m), 52 RC holes (6065.42m) and 196 underground DD holes
(12608.3m) from 2002 until 2007.
• At the Lone Sister deposit Metana drilled 1 RCDD hole (435.5m) and 2 RC
holes (200m) in 1988, Plutonic drilled 15 RCDD holes (5134.99m) and 1 RC
hole (93m) from 1988 to 1997 and in 2006, Homestake Gold drilled 4 RCDD
holes (1379.33m) from 1998-1999) and BMA Gold 22 RCDD holes (6310.9m)
and 5 RC holes (514m) from 2004 to 2007.
• The Twin Hills project area has also been subject to aerial magnetic and
radiometrtic surveys, soil geochemistry, RAB geochemistry and IP surveys.
• The mineral resource estimates reported on here are based on the
appropriately validated results of work completed by the above companies.
• GBM have not completed any significant work at Twin Hills other than site
inspections to review stored drill core, site geology, site infrastructure and
access.
Geology Deposit type, geological setting and style of mineralisation. • The Twin Hills deposits are situated within the western domain of the
Upper Devonian to Lower Carboniferous Drummond Basin, host to a
number of epithermal gold deposits including the Pajingo deposit (2.7 Moz
production to date).
• The 309 deposit comprises a stockwork of very high grade, narrow (0.2 m)
low sulphidation epithermal quartz-sulphide veins hosted in variably altered
and mineralized breccias. The breccias comprise dominantly shale clasts in a
very fine grained matrix. The overall geometry of gold mineralization at 309
is a steeply plunging body and is open at depth. The epithermal quartz veins
form sheeted vein sets that strike north and locally vary in dip from sub-
vertical to gently east dipping. Minor fluorite occurrences in associated with
open space comb quartz suggest a significant magmatic component to the
vein forming fluids.
• The Lone Sister deposit is a more typical low sulphidation epithermal gold
deposit. Gold mineralization is host by low grade quartz veins and very high
grade quartz-sulphide veins. The gold mineralisation occurs in altered
rhyolite. The quartz veins strike north south and dip 50° to 80° to the west.

22

Criteria JORC Code explanation Commentary
Drill hole A summary of all information material to the understanding of the • Drill hole collar and intercept tables are appended to this release.
Information 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.
Data In reporting Exploration Results, weighting averaging techniques, maximum • All drilling intercepts from past exploration above 20 gram.metres (grade x
aggregation and/or minimum grade truncations (eg cutting of high grades) and cut-off length) have been reported. Intervals are down hole length weighted
methods grades are usually Material and should be stated. average grades above 1 g/t Au incorporating up to 2 metres of lower grade
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
material or internal dilution. Grades have not been cut as cutting of high
grades in this style of mineralisation with a significant high grade
aggregations should be shown in detail. component.
The assumptions used for any reporting of metal equivalent values should • No metal equivalents are reported.
be clearly stated.
Relationship These relationships are particularly important in the reporting of Exploration • Drilling is generally oriented perpendicular to the strike of the
between Results. mineralisation at angles varying from acute to perpendicular. However only
mineralisation If the geometry of the mineralisation with respect to the drill hole angle is downhole intersections have been reported due to the variety of drill
widths and known, its nature should be reported. orientations and volume of drilling, the mature nature of the deposit with a
intercept If it is not known and only the down hole lengths are reported, there should range of drilling orientations.
lengths be a clear statement to this effect (eg ‘down hole length, true width not
_known’). _
Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts • Appropriate images are included within the text of the release
should be included for any significant discovery being reported These should
include, but not be limited to a plan view of drill hole collar locations and
appropriate sectional views.
Balanced Where comprehensive reporting of all Exploration Results is not practicable, • See appended tables of intercepts

23

Criteria JORC Code explanation Commentary
reporting representative reporting of both low and high grades and/or widths should
bepracticed to avoid misleading reporting of Exploration Results.
Other Other exploration data, if meaningful and material, should be reported • No exploration results are reported.
substantive including (but not limited to): geological observations; geophysical survey
exploration results; geochemical survey results; bulk samples – size and method of
data treatment; metallurgical test results; bulk density, groundwater,
geotechnical and rock characteristics; potential deleterious or
contaminating substances.
Further work The nature and scale of planned further work (eg tests for lateral extensions • Further work will focus on metallurgical testwork to determine possible
or depth extensions or large-scale step-out drilling). processing options, step out drilling to extend both the 309 and Lone Sister
Diagrams clearly highlighting the areas of possible extensions, including the deposits at depth and infill drilling at the Lone Sister deposit to allow higher
main geological interpretations and future drilling areas, provided this confidence resource estimation.
information is not commercially sensitive.

Section 3 Estimation and Reporting of Mineral Resources

(Criteria listed in section 1, and where relevant in section 2, also apply to this section.)

Criteria JORC Code explanation Commentary
Database Measures taken to ensure that data has not been corrupted by, for example, • The data was provided as three separate databases none of which
integrity transcription or keying errors, between its initial collection and its use for contained all the data. These 3 databases were compiled into a single
Mineral Resource estimation purposes. database and then validated. Validation checks included checks for
Data validation procedures used. duplicate samples, duplicate holes, interval overlaps, extreme high grades.
Where errors were found these were checked against the original assay
certificates and fixed.
• The data provided included many types of drilling. All RAB, open hole
percussion, auger and air core drilling was omitted from the database prior
to use in resource estimation as these drilling methods are not considered
suitable for resource estimation.
Site visits Comment on any site visits undertaken by the Competent Person and the • The competent person visited the site for a period of two days in December
outcome of those visits. 2018. During this visit archived drill core was reviewed and compared to
If no site visits have been undertaken indicate why this is the case. assays and the site layout and infrastructure assessed.
Geological Confidence in (or conversely, the uncertainty of ) the geological • The confidence in geological interpretation at the 309 deposit varies with
interpretation of the mineral deposit. scale. The broad mineralization envelope has been well defined bydrilling

24

Criteria JORC Code explanation Commentary
interpretation Nature of the data used and of any assumptions made. and has a gradation boundary and so presents little risk at the low grade
The effect, if any, of alternative interpretations on Mineral Resource interpreted. The confidence in the geological interpretation of high grade
estimation. veins within this envelope is low as the controls on these veins are not
The use of geology in guiding and controlling Mineral Resource estimation. understood and drilling shows that the spatial continuity of these veins is
The factors affecting continuity both of grade and geology. low (less than 20m and usually less than 10m).
• The 309 mineral resource estimate was controlled by a gold grade domain
interpreted at a nominal 0.2 g/t Au. A gold grade domain was used because
gold mineralization does not honour any geological or alteration features.
The grade of 0.2 g/t is somewhat arbitrary, being approximately 50% of the
lowest reasonably foreseeable mining cutoff (assuming open pit mining and
heap leach processing). A cumulative probability plot of gold grades showed
no natural lower cutoff to gold mineralization.
• The confidence in the geological interpretation of the Lone Sister deposit is
moderate. The geometry of the gold mineralization is simpler and more
continuous, although in places alternative, reasonable interpretations are
possible. The country rock is monotonous and so has no impact on the
geological variability of gold mineralization.
• The Lone Sister mineral resource estimate was controlled by a gold grade
domain interpreted at a nominal 1.0 g/t Au. A gold grade domain was used
because gold mineralization does not honour any geological or alteration
features. The grade of 1.0 g/t is somewhat arbitrary, being approximately
50% of the lowest reasonably foreseeable mining cutoff (assuming
underground mining and CIL processing). A cumulative probability plot of
gold grades showed no natural lower cutoff to gold mineralization.
Dimensions The extent and variability of the Mineral Resource expressed as length • The 309 deposit extends about 350 m in strike (north) length and 150 m
(along strike or otherwise), plan width, and depth below surface to the wide (east-west). The mineralized breccia has been shown by drilling to
upper and lower limits of the Mineral Resource. extend to at least 400m below surface and is open at depth.
• The Lone Sister deposit has been defined by drilling over a strike length of
250 m and to a depth of 400 m. The width varies from 2 m to a maximum of
60m but is typically 15 m – 30 m wide. The main mineralized zone plunges
about xx° to the north.
Estimation and The nature and appropriateness of the estimation technique(s) applied and The 309 deposit:
modelling key assumptions, including treatment of extreme grade values, domaining, • Gold and silvergrades were interpolated into a block model withparent

25

Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
techniques
interpolation parameters and maximum distance of extrapolation from data
points. If a computer assisted estimation method was chosen include a
description of computer software and parameters used.
The availability of check estimates, previous estimates and/or mine
production records and whether the Mineral Resource estimate takes
appropriate account of such data.
The assumptions made regarding recovery of by-products.
Estimation of deleterious elements or other non-grade variables of
economic significance (eg sulphur for acid mine drainage characterisation).
In the case of block model interpolation, the block size in relation to the
average sample spacing and the search employed.
Any assumptions behind modelling of selective mining units.
Any assumptions about correlation between variables.
Description of how the geological interpretation was used to control the
resource estimates.
blocks 5 m x 5 m x 5 m and sub-blocks of 1.25 m x 1.25 m x 1.25 m by
ordinary kriging. The raw assay data were composited to 2.0 m prior to
geostatistical analysis and interpolation. The interpolation was carried out
within a gold grade domain interpreted from 2.0 m long composites at a
nominal 0.2 g/t as hard boundary and two orientation domains separating
zones of shallowly east dipping and sub-vertical high grade veins. High
grade samples were not restricted because these showed geological
continuity where there is sufficiently dense data and because the block
model reconciled to past production better when these data were used.
The ordinary kriging used separate variogram models in each orientation
domain. The variogram models are shown below. The search
neighbourhood used an appropriately oriented ellipsoid with axes 50 m by
50 m 25m in the flat domain and 80 m x 40 m x 20 m in the steep domain. A
minimum of 5 and a maximum of 30 composites (maximum 10 per
quadrant) were used for interpolation in both domains.
Discussion of basis for using or not using grade cutting or capping.
Mineralisation Domain
The process of validation, the checking process used, the comparison of
model data to drill hole data, and use of reconciliation data if available.
1 (shallow east
dip)
2 (steep)
Exp VG Type correlogram
correlogram
Nugget Variance
C0
0.44
0.57
Sills (Spherical)
C1
0.27
0.2
C2
0.29
0.2
Ranges_1 (m)
Maj
4.5
5
Sem
5
3
Min
3
3
Ranges_2 (m)
Maj
16
30
Sem
20
14
Mineralisation Domain
1 (shallow east
dip)

2 (steep)
**Exp VG Type ** correlogram correlogram
Nugget Variance C0 0.44 0.57
Sills (Spherical) C1 0.27 0.2
C2 0.29 0.2
Ranges_1 (m) Maj 4.5 5
Sem 5 3
Min 3 3
Ranges_2 (m) Maj 16 30
Sem 20 14
Min 6 8
Variogram Rot (MEDS, Maj 170 130
ZXY) Sem 0 -70
Mineralisation Domain Mineralisation Domain
1 (shallow east
dip)

2 (steep)
**Exp VG Type ** correlogram correlogram
Nugget Variance C0 0.44 0.57
C1 0.27 0.2
Sills (Spherical) C2 0.29 0.2
Maj 4.5 5
Ranges_1 (m) Sem 5 3
Min 3 3
Maj 16 30
Ranges_2 (m) Sem 20 14
Min 6 8
Variogram Rot (MEDS, Maj 170 130
ZXY) Sem 0 -70

26

Criteria
JORC Code explanation
Commentary
Min 10 90
Actual Direction
(plunge/trend)
Maj 00/170 -70/130
Sem -10/080 -20/302
02/213
Mineralisation
Domain
11
Exp VG Type correlogram

27

Criteria
JORC Code explanation
Commentary
Nugget Variance C0 0.60
Sills (Spherical) C1 0.05
C2 0.35
Ranges_1 (m) Maj 6
Sem 6
Min 6
Ranges_2 (m) Maj 18
Sem 18
Min 18
Variogram Rot (MEDS,
ZXY)
Maj 0
Sem 0
Min 10
Actual Direction
(plunge/trend)
Maj 00/000
Sem 00/000
Moisture
Whether the tonnages are estimated on a dry basis or with natural
moisture, and the method of determination of the moisture content.
• All tonnages are reported on a dry basis. No moisture content was
determined.
Cut-off
parameters
The basis of the adopted cut-off grade(s) or quality parameters applied.
• For the 309 resource estimate a cutoff grade of 1.0 g/t was applied above
1050RL, and 2.0 g/t below 1050RL. These cutoff grades assume that open
pit mining is feasible to 1050 RL and underground mining below that and
that a CIL processing plant could be economically built and operated at, or
close to the site.

28

Criteria JORC Code explanation Commentary
• For the Lone Sister resource estimate a cutoff grade of 2.0 g/t was applied,
assuming that underground mining and a CIL processing plant could be
economically built and operated at, or close to the site.
Mining factors Assumptions made regarding possible mining methods, minimum mining • For the 309 deposit open pit mining is assumed possible to 1050RL based
or assumptions dimensions and internal (or, if applicable, external) mining dilution. It is on a pit optimization of a previous model at AUD1600/oz. Mining selectivity
always necessary as part of the process of determining reasonable to a minimum of 2 metres is assumed.
prospects for eventual economic extraction to consider potential mining • For the 309 and Lone Sister deposits underground mining is assumed
methods, but the assumptions made regarding mining methods and possible to a minimum width of 3.0m
parameters when estimating Mineral Resources may not always be
rigorous. Where this is the case, this should be reported with an explanation
of the basis of the mining assumptions made.
Metallurgical The basis for assumptions or predictions regarding metallurgical • CIL recoveries greater than 85% have been demonstrated for ore above 4
factors or amenability. It is always necessary as part of the process of determining g/t by past production at 309. There is limited testwork suggesting that CIL
assumptions reasonable prospects for eventual economic extraction to consider potential recoveries above 80% are possible for low grade 309 mineralisation. Heap
metallurgical methods, but the assumptions regarding metallurgical leach recovery may also be possible for low grade ore at 309 but there is no
treatment processes and parameters made when reporting Mineral test work to support this.
Resources may not always be rigorous. Where this is the case, this should be • No metallurgical testwork has been carried out on Lone Sister
reported with an explanation of the basis of the metallurgical assumptions mineralization. Economically viable CIL recovery is assumed on the basis
made. that the mineralization is similar to 309 mineralisation.
Environmen-tal Assumptions made regarding possible waste and process residue disposal • It is assumed that the placement of mining waste would be permitted
factors or options. It is always necessary as part of the process of determining within the current mining lease as there are existing waste dumps.
assumptions reasonable prospects for eventual economic extraction to consider the • The presence of sulphide minerals in the 309 waste material suggests that it
potential environmental impacts of the mining and processing operation. may be potentially acid forming, although there has been no test work to
While at this stage the determination of potential environmental impacts, confirm this.
particularly for a greenfields project, may not always be well advanced, the • The Lone Sister fresh waste also contains sulphide minerals but at a lower
status of early consideration of these potential environmental impacts level and so some may be acid forming.
should be reported. Where these aspects have not been considered this • There is currently no tailings storage facility at site.
should be reported with an explanation of the environmental assumptions
made.
Bulk density Whether assumed or determined. If assumed, the basis for the assumptions. • Bulk density at the both deposits was assigned by weathering domain.
If determined, the method used, whether wet or dry, the frequency of the There are only 62 density samples from the two deposits combined and all
measurements, the nature, size and representativeness of the samples. of these are from fresh material. A density of 2.6 t/m3 was applied to fresh
The bulk density for bulk material must have been measured by methods material and 2.4 t/m3 to oxide material. 2.6 t/m3 approximates the average

29

Criteria JORC Code explanation Commentary Commentary
that adequately account for void spaces (vugs, porosity, etc), moisture and of the 62 fresh samples (2.61 t/m3) and the oxide density of 2.4 t/m3 was
differences between rock and alteration zones within the deposit. assumed from comparable projects.
Discuss assumptions for bulk density estimates used in the evaluation Voids created by previous mining at the 309 deposit were assigned a
process of the different materials. density of 0.0 t/m3.
Classification The basis for the classification of the Mineral Resources into varying The 309 mineral resources were classified into continuous zones of like
confidence categories. confidence using the distance to the nearest composite, the average
Whether appropriate account has been taken of all relevant factors (ie distance of all composites used to estimate a block, the kriging slope of
relative confidence in tonnage/grade estimations, reliability of input data, regression (a function of the grade continuity in the variogram model and
confidence in continuity of geology and metal values, quality, quantity and the spatial configuration of the data used to estimate a block) and the
distribution of the data). number of drill holes used to estimate a block. The geological continuity of
Whether the result appropriately reflects the Competent Person’s view of the gold domain was not used for resource classification because the shape
the deposit. is rather simple and the resource cutoff grade is well above the domain
nominal cutoff grade so that the resource limits are defined by the cutoff
grade rather than the domain shape. Data quality was also considered but
not used because the data quality is good and not spatially variable.
The Lone Sister deposit was all classified as inferred due to the limited
Audits or The results of any audits or reviews of Mineral Resource estimates. This mineral resource estimate has not been audited or reviewed as the
reviews project is at a preliminary stage of development.
Discussion of Where appropriate a statement of the relative accuracy and confidence The relative accuracy and confidence level in the Mineral Resource
relative level in the Mineral Resource estimate using an approach or procedure estimates are considered to be in line with the generally accepted accuracy
accuracy/ deemed appropriate by the Competent Person. For example, the application and confidence of the nominated Mineral Resource categories. This has
confidence of statistical or geostatistical procedures to quantify the relative accuracy of been determined on a semi- quantitative basis, and is based on the
the resource within stated confidence limits, or, if such an approach is not Competent Person’s experience with similar deposits.
deemed appropriate, a qualitative discussion of the factors that could affect The resource classification relates to both global and local estimates.
the relative accuracy and confidence of the estimate. For the 309 deposit the block model was reconciled to past production
The statement should specify whether it relates to global or local estimates, (58.9kt at 8.4 g/t compared to past production of 56.4kt at 11.1 g/t).
and, if local, state the relevant tonnages, which should be relevant to
technical and economic evaluation. Documentation should include
assumptions made and the procedures used.
These statements of relative accuracy and confidence of the estimate should
be compared withproduction data, where available.

30

==> picture [495 x 350] intentionally omitted <==

Figure 9; 309 Deposit Drillhole Location Plan

31

==> picture [495 x 351] intentionally omitted <==

Figure 10; Lone Sister Deposit Drillhole Location Plan

32

TWIN HILL COLLARS

Drill Collars used in 309 Resource Model

All holes are reported in MGA94 Zone S 55 Adjusted DTM RL Mine Local can be converted to AHD by subtracting 1000 m Total 309 Collars: 431

Adjusted Adjusted Adjusted Adjusted Adjusted Final
Hole ID
East
North
DTM RL
Mine
Local (m)
Drilling
Type
NAT Prospect
Depth Company Dip Azimuth
(m)
00THRC101 505683 7575308 1256.63 REVC 196 HOM -60 99 309
00THRC102 505560 7575091 1256.63 REVC 196 HOM -60 90 309
00THRC103 505440 7575181 1256.63 REVC 190 HOM -60 90 309
00THRC112 504765 7575181 1260.8 REVC 136 HOM -60 90 309
00THRC113 504565 7575181 1262.3 REVC 220 HOM -60 90 309
00THRC114 503915 7575181 1253 REVC 136 HOM -60 270 309
00THRC120 506565 7575181 1256.63 REVC 112 HOM -60 90 309
98THRC022 506015 7575781 1256.63 REVC 198 UNK -60 82 309
99THRC063 505915 7574181 1238 REVC 198 UNK -60 90 309
99THRC064 505814 7574184 1239.4 REVC 196 UNK -60 99 309
99THRC065 505717 7574185 1241.6 REVC 186 UNK -60 99 309
99THRC066 506063 7576272 1256.63 REVC 114 UNK -60 99 309
99THRC067 505115 7576536 1256.63 REVC 198 UNK -60 99 309
99THRC068 504916 7576380 1256.63 REVC 198 UNK -60 99 309
99THRC069 506026 7576978 1256.63 REVC 128 UNK -60 99 309
99THRC070 505510 7574179 1242 REVC 198 UNK -60 99 309
99THRC071 506021 7573477 1234.7 REVC 198 UNK -60 99 309
99THRC072 505915 7573584 1233.9 REVC 198 UNK -60 99 309
99THRC073 505317 7573532 1234.2 REVC 198 UNK -60 99 309
99THRC074 505219 7573532 1235.7 REVC 198 UNK -60 99 309
99THRC085 506355 7575981 1235.1 REVC 150 UNK -60 97 309
99THRC086 506255 7575981 1236.8 REVC 150 UNK -60 90 309
99THRC087 505681 7574802 1247.7 REVC 198 UNK -60 98 309
99THRC088 505763 7574687 1246 REVC 200 UNK -60 98 309
99THRC089 505665 7574703 1247.4 REVC 203 UNK -60 98 309
99THRC090 505589 7574615 1248.4 REVC 198 UNK -90 8 309
99THRC091 505780 7574482 1243.2 REVC 198 UNK -60 98 309
99THRC092 505632 7574506 1244.7 REVC 198 UNK -60 98 309
99THRC093 505813 7574375 1242.5 REVC 192 UNK -60 98 309
99THRC095 504766 7574831 1264.6 REVC 150 UNK -60 90 309
99THRC096 504715 7574881 1264.9 REVC 150 UNK -60 90 309
99THRC097 504646 7574981 1264 REVC 150 UNK -60 90 309
99THRC098 504903 7575184 1259 REVC 150 UNK -60 279 309
99THRC099 505266 7575053 1255.2 REVC 150 UNK -60 99 309
99THRC100 505624 7575379 1253.6 REVC 198 UNK -60 279 309
TD414 505519 7575662 1256.53 DD 79.5 UNK -90 318 309
TD427 505447 7575678 1257.23 DD 188.2 UNK -89 8 309
TD435 505478 7575647 1257.33 DD 90 UNK -60 98 309
TD436 505436 7575653 1257.43 DD 107.7 UNK -61 102 309
TD437 505463 7575698 1256.63 DD 120 MET -60 94 309
TD652 505955 7574336 1256.63 DD 33.3 UNK -90 9 309
TD723 505379 7575581 1256.83 DD 119.7 UNK -60 98 309
TD724 505395 7575576 1256.93 DD 94 UNK -60 98 309
THDD850 505407 7575247 1252.25 DD 36 BMAG -90 8 309
THDD851 505389 7575354 1253.87 DD 48 BMAG -90 8 309
THDD852 505371 7575484 1255.4 DD 65.2 BMAG -90 8 309
THDD885 505491 7575674 1256.82 DD 142 THO -90 9 309
THDD886 505471 7575678 1257.13 DD 150 THO -90 9 309
THDD887 505468 7575658 1257.28 DD 144.5 THO -90 9 309
THDD888 505488 7575655 1257.21 DD 150 THO -90 9 309
THDD889 505485 7575636 1257.29 DD 150 THO -90 9 309
THDD890 505464 7575641 1257.45 DD 146.5 THO -90 9 309
THDD908 505399 7575796 1254.297 DD 418.7 BMAG -56 192 309

33

Adjusted Adjusted Adjusted Adjusted Adjusted
Hole ID
East
North
DTM RL
Mine
Local (m)
Drilling
Type
Final Company Dip NAT Prospect
Depth
Azimuth
(m)
THDD925 505446 7575448 1254.5 DD 180.3 BMAG -60 4 309
THDH656 505317 7575650 1257.03 DD 300 UNK -60 97 309
THDH657 505284 7575578 1256.73 DD 227.5 UNK -60 98 309
THDH658 505271 7575620 1256.93 DD 215.7 UNK -60 98 309
THRC100 505624 7575378 1245 REVC 198 BMAG -60 280 309
THRC101 505683 7575308 1256.63 REVC 196 BMAG -60 100 309
THRC102 505560 7575091 1256.63 REVC 196 BMAG -60 91 309
THRC103 505440 7575180 1256.63 REVC 190 BMAG -60 9 309
THRC120 506565 7575181 1256.63 REVC 112 BMAG -60 91 309
THRC64 505813 7574184 1245 REVC 196 BMAG -60 100 309
THRC65 505716 7574185 1245 REVC 186 BMAG -60 100 309
THRC659 505412 7575558 1256.93 REVC 100 UNK -60 98 309
THRC660 505598 7575688 1253.13 REVC 100 UNK -60 98 309
THRC661 505513 7575782 1253.53 REVC 103 UNK -60 98 309
THRC662 505340 7575565 1256.93 REVC 9 UNK -60 98 309
THRC664 505459 7575796 1253.93 REVC 5 UNK -60 98 309
THRC665 505271 7575531 1256.48 REVC 158 UNK -60 98 309
THRC666 505353 7575520 1256.23 REVC 119 UNK -60 98 309
THRC667 505412 7575512 1256.03 REVC 144 UNK -60 98 309
THRC668 505352 7575384 1254.51 REVC 102 UNK -60 98 309
THRC669 505391 7575377 1253.83 REVC 102 UNK -60 98 309
THRC670 505430 7575370 1253.23 REVC 102 UNK -60 98 309
THRC671 505469 7575364 1252.76 REVC 102 UNK -60 98 309
THRC672 505500 7575176 1249.63 REVC 102 UNK -60 98 309
THRC673 505539 7575170 1249.63 REVC 120 UNK -60 98 309
THRC674 505578 7575163 1249.63 REVC 114 UNK -60 98 309
THRC675 505618 7575157 1249.63 REVC 102 UNK -60 98 309
THRC676 505592 7574999 1250 REVC 108 UNK -60 98 309
THRC677 505631 7574993 1249.9 REVC 102 UNK -60 98 309
THRC678 505671 7574986 1249.7 REVC 102 UNK -60 98 309
THRC679 505710 7574980 1249.9 REVC 102 UNK -60 98 309
THRC70 505509 7574178 1245 REVC 198 BMAG -60 100 309
THRC71 506021 7573477 1245 REVC 198 BMAG -60 100 309
THRC72 505915 7573583 1245 REVC 198 BMAG -60 100 309
THRC73 505316 7573531 1245 REVC 198 BMAG -60 100 309
THRC74 505218 7573531 1245 REVC 198 BMAG -60 100 309
THRC761 505466 7575648 1257.46 REVC 146 BMAG -90 8 309
THRC770 505429 7575603 1257.64 REVC 85 BMAG -60 188 309
THRC771 505430 7575611 1257.72 REVC 100 BMAG -60 188 309
THRC772 505432 7575620 1257.52 REVC 110 BMAG -60 188 309
THRC774 505448 7575660 1257.41 REVC 102 BMAG -90 8 309
THRC775 505450 7575670 1257.34 REVC 99 BMAG -90 8 309
THRC777 505504 7575581 1257.13 REVC 108 BMAG -60 278 309
THRC778 505288 7575501 1256.19 REVC 153 BMAG -60 8 309
THRC779 505446 7575591 1257.41 REVC 118 BMAG -60 278 309
THRC780 505466 7575586 1257.38 REVC 82 BMAG -60 278 309
THRC781 505453 7575544 1256.63 REVC 109 BMAG -60 323 309
THRC782 505448 7575544 1256.67 REVC 73 BMAG -60 323 309
THRC784 505440 7575532 1256.45 REVC 82 BMAG -60 323 309
THRC786 505475 7575649 1257.36 REVC 120 BMAG -60 278 309
THRC787 505494 7575643 1257.11 REVC 90 BMAG -60 278 309
THRC788 505515 7575640 1256.99 REVC 108 BMAG -60 278 309
THRC790 505554 7575635 1255.53 REVC 114 BMAG -60 278 309
THRC791 505574 7575631 1254.62 REVC 102 BMAG -60 278 309
THRC792 505480 7575672 1257 REVC 102 BMAG -60 278 309
THRC793 505500 7575669 1256.77 REVC 102 BMAG -60 278 309
THRC794 505520 7575665 1256.45 REVC 84 BMAG -60 278 309
THRC795 505534 7575663 1256.22 REVC 20 BMAG -60 278 309
THRC796 505579 7575655 1254.42 REVC 90 BMAG -60 278 309
THRC797 505504 7575693 1256.25 REVC 96 BMAG -60 278 309
THRC798 505543 7575685 1255.55 REVC 108 BMAG -60 278 309

34

Adjusted Adjusted Adjusted Adjusted Adjusted
Hole ID
East
North
DTM RL
Mine
Local (m)
Drilling
Type
Final Company Dip NAT Prospect
Depth
Azimuth
(m)
THRC799 505473 7575627 1257.49 REVC 99 BMAG -60 278 309
THRC800 505492 7575624 1257.38 REVC 90 BMAG -60 278 309
THRC801 505513 7575619 1257.14 REVC 115 BMAG -60 278 309
THRC802 505530 7575616 1256.62 REVC 107 BMAG -60 278 309
THRC803 505551 7575614 1255.57 REVC 94 BMAG -60 278 309
THRC804 505572 7575610 1254.69 REVC 82 BMAG -60 278 309
THRC805 505469 7575609 1257.35 REVC 94 BMAG -60 278 309
THRC806 505489 7575605 1257.32 REVC 94 BMAG -60 278 309
THRC807 505485 7575582 1257.24 REVC 91 BMAG -60 278 309
THRC808 505481 7575767 1254.6 REVC 70 BMAG -60 188 309
THRC812 505435 7575540 1256.61 REVC 9 BMAG -60 143 309
THRC813 505434 7575541 1256.63 REVC 15 BMAG -60 143 309
THRC817 505329 7575696 1256.51 REVC 141 BMAG -60 188 309
THRC825 505311 7575727 1256.03 REVC 129 BMAG -60 188 309
THRC829 505493 7575624 1257.39 REVC 118 BMAG -60 8 309
THRC832 505473 7575627 1257.6 REVC 88 BMAG -60 8 309
THRC835 505463 7575567 1257.6 REVC 94 BMAG -60 8 309
THRC836 505462 7575689 1257.06 REVC 118 BMAG -60 8 309
THRC838 505450 7575610 1257.69 REVC 110 BMAG -60 8 309
THRC841 505397 7575539 1256.61 REVC 110 BMAG -60 8 309
THRC853 505368 7575487 1255.73 REVC 300 BMAG -63 7 309
THRC854A 505327 7575480 1256.02 REVC 78 BMAG -63 7 309
THRC855 505360 7575443 1255.29 REVC 164 BMAG -60 7 309
THRC857 505279 7575436 1255.86 REVC 188 BMAG -62 7 309
THRC858A 505269 7575498 1256.81 REVC 91 BMAG -62 8 309
THRC860A 505341 7575506 1256.21 REVC 114 BMAG -63 8 309
THRC861A 505293 7575525 1256.46 REVC 96 BMAG -63 8 309
THRC862 505386 7575469 1255.38 REVC 120 BMAG -64 8 309
THRC863 505412 7575568 1257.5 REVC 108 THO -90 9 309
THRC864 505422 7575563 1257.53 REVC 114 THO -90 9 309
THRC865 505431 7575561 1257.33 REVC 102 THO -90 9 309
THRC866 505442 7575564 1257.29 REVC 104 THO -90 9 309
THRC867 505434 7575579 1257.58 REVC 108 THO -90 9 309
THRC868 505452 7575565 1257.33 REVC 114 THO -90 9 309
THRC869A 505305 7575477 1256.5 REVC 120 THO -60 8 309
THRC87 505680 7574802 1245 REVC 198 BMAG -60 99 309
THRC877 505808 7574714 1243.373 REVC 200 BMAG -60 9 309
THRC878 505840 7574907 1244.465 REVC 200 BMAG -60 189 309
THRC879 505668 7574845 1244.83 REVC 200 THO -60 9 309
THRC88 505763 7574687 1245 REVC 200 BMAG -60 99 309
THRC880 505696 7575022 1245.97 REVC 200 THO -60 189 309
THRC881 505809 7574740 1243.57 REVC 200 THO -60 189 309
THRC882 505801 7574664 1242.31 REVC 200 THO -60 189 309
THRC883 505771 7574479 1240.61 REVC 200 THO -60 9 309
THRC884 505892 7574617 1241.4 REVC 200 THO -60 9 309
THRC89 505664 7574703 1245 REVC 203 BMAG -60 99 309
THRC891a 505226 7575372 1257.3 REVC 114 THO -62 6 309
THRC894a 505446 7575468 1255 REVC 30 THO -62 5 309
THRC90 505589 7574614 1245 REVC 198 BMAG -90 9 309
THRC91 505779 7574481 1245 REVC 198 BMAG -60 99 309
THRC914 505505 7575708 1256 REVC 67 BMAG -60 97 309
THRC915 505513 7575723 1255.5 REVC 73 BMAG -60 98 309
THRC916 505494 7575726 1255.8 REVC 103 BMAG -60 98 309
THRC92 505631 7574506 1245 REVC 198 BMAG -60 99 309
THRC93 505812 7574374 1245 REVC 192 BMAG -60 99 309
THRC98 504902 7575183 1245 REVC 150 BMAG -60 280 309
THRC99 505266 7575052 1245 REVC 150 BMAG -60 100 309
THRCD759 505366 7575594 1257.33 PCRCDD 192.2 BMAG -90 8 309
THRCD760 505290 7575626 1256.97 PCRCDD 277 BMAG -90 8 309
THRCD762 505464 7575638 1257.51 PCRCDD 199 BMAG -90 271 309
THRCD763 505417 7575538 1256.52 PCRCDD 77.5 BMAG -60 12 309

35

Adjusted Adjusted Adjusted Adjusted Adjusted
Hole ID
East
North
DTM RL
Mine
Local (m)
Drilling
Type
Final Company Dip NAT Prospect
Depth
Azimuth
(m)
THRCD764 505395 7575527 1256.37 PCRCDD 123.5 BMAG -61 8 309
THRCD765 505397 7575537 1256.55 PCRCDD 107.2 BMAG -60 8 309
THRCD766 505382 7575528 1256.43 PCRCDD 174.4 BMAG -60 3 309
THRCD767 505352 7575512 1256.07 PCRCDD 230.7 BMAG -63 9 309
THRCD768 505330 7575508 1256.11 PCRCDD 250 BMAG -60 8 309
THRCD769 505308 7575501 1256.2 PCRCDD 252.3 BMAG -60 8 309
THRCD773 505446 7575650 1257.47 PCRCDD 162.4 BMAG -90 8 309
THRCD776 505467 7575657 1257.32 PCRCDD 172.6 BMAG -90 8 309
THRCD783 505448 7575533 1256.42 PCRCDD 87 BMAG -60 323 309
THRCD785 505454 7575526 1256.23 PCRCDD 140.3 BMAG -60 323 309
THRCD789 505534 7575637 1256.5 PCRCDD 189 BMAG -60 278 309
THRCD809 505494 7575766 1254.41 PCRCDD 197.5 BMAG -60 188 309
THRCD810 505497 7575695 1256.34 PCRCDD 219.9 BMAG -60 188 309
THRCD811 505486 7575696 1256.39 PCRCDD 116.8 BMAG -60 188 309
THRCD814 505451 7575540 1256.58 PCRCDD 111 BMAG -60 323 309
THRCD815 505449 7575534 1256.42 PCRCDD 131.6 BMAG -60 323 309
THRCD816 505449 7575547 1256.62 PCRCDD 194.7 BMAG -60 323 309
THRCD818 505337 7575726 1256.19 PCRCDD 288 BMAG -60 188 309
THRCD819 505331 7575706 1256.41 PCRCDD 240 BMAG -55 188 309
THRCD820 505335 7575705 1256.49 PCRCDD 270 BMAG -62 188 309
THRCD821 505381 7575688 1257.2 PCRCDD 281.7 BMAG -60 188 309
THRCD822 505391 7575738 1256.05 PCRCDD 374.3 BMAG -60 188 309
THRCD823 505395 7575787 1254.99 PCRCDD 330.1 BMAG -60 188 309
THRCD824 505427 7575604 1257.67 PCRCDD 366.1 BMAG -60 278 309
THRCD826 505315 7575751 1255.76 PCRCDD 324.3 BMAG -60 188 309
THRCD827 505319 7575782 1255.31 PCRCDD 417 BMAG -60 188 309
THRCD828 505486 7575698 1256.54 PCRCDD 174 BMAG -63 188 309
THRCD830 505486 7575584 1257.37 PCRCDD 201.5 BMAG -60 8 309
THRCD831 505476 7575643 1257.52 PCRCDD 183.3 BMAG -60 8 309
THRCD833 505469 7575607 1257.44 PCRCDD 206.6 BMAG -60 8 309
THRCD834 505466 7575587 1257.5 PCRCDD 204.5 BMAG -60 8 309
THRCD837 505453 7575630 1257.57 PCRCDD 174.5 BMAG -60 8 309
THRCD839 505446 7575590 1257.55 PCRCDD 201.5 BMAG -60 8 309
THRCD840 505443 7575571 1257.31 PCRCDD 255.6 BMAG -60 8 309
THRCD842 505391 7575500 1255.87 PCRCDD 230.4 THO -60 8 309
THRCD843 505434 7575513 1255.91 PCRCDD 291.5 BMAG -60 8 309
THRCD844 505453 7575509 1256.02 PCRCDD 300.5 BMAG -60 8 309
THRCD845 505473 7575505 1255.68 PCRCDD 290.4 BMAG -60 8 309
THRCD846 505396 7575538 1256.58 PCRCDD 200.7 THO -61 9 309
THRCD847 505461 7575567 1257.24 PCRCDD 293.2 BMAG -62 8 309
THRCD848 505448 7575610 1257.67 PCRCDD 196.5 BMAG -62 8 309
THRCD849 505492 7575623 1257.42 PCRCDD 171.5 BMAG -62 8 309
THRCD854 505326 7575479 1256.01 PCRCDD 296.7 BMAG -60 7 309
THRCD856 505313 7575521 1256.37 PCRCDD 281.7 THO -61 9 309
THRCD858 505269 7575498 1256.76 PCRCDD 395.9 BMAG -65 8 309
THRCD859 505302 7575452 1256.2 PCRCDD 380.9 BMAG -63 8 309
THRCD860 505340 7575505 1256 DD 50 BMAG -63 8 309
THRCD861 505293 7575524 1256.42 PCRCDD 233.9 BMAG -65 8 309
THRCD869 505304 7575467 1256.25 PCRCDD 330.6 THO -61 7 309
THRCD870 505342 7575568 1257.18 PCRCDD 231 THO -78 7 309
THRCD871 505357 7575542 1256.09 PCRCDD 275 THO -69 11 309
THRCD872 505369 7575522 1256.29 PCRCDD 290.7 THO -62 8 309
THRCD873 505369 7575521 1256.21 PCRCDD 264.5 THO -67 9 309
THRCD874 505410 7575495 1255.75 PCRCDD 235.9 THO -63 4 309
THRCD875 505280 7575577 1257.01 PCRCDD 294.6 THO -80 5 309
THRCD876 505381 7575504 1255.51 PCRCDD 260.8 THO -64 15 309
THRCD891 505227 7575372 1256 PCRCDD 567 THO -63 6 309
THRCD892 505290 7575379 1254.7 PCRCDD 591 THO -63 9 309
THRCD893 505386 7575412 1254.49 PCRCDD 573 THO -62 4 309
THRCD894 505446 7575469 1254.9 PCRCDD 430 THO -61 6 309
THRCD895 505529 7575476 1254.02 PCRCDD 351 THO -61 6 309

36

Adjusted Adjusted Adjusted Adjusted Adjusted
Hole ID
East
North
DTM RL
Mine
Local (m)
Drilling
Type
Final Company Dip NAT Prospect
Depth
Azimuth
(m)
THRCD896 505521 7575431 1253.12 PCRCDD 396 THO -61 3 309
THRCD897 505438 7575419 1253.92 PCRCDD 378 THO -61 3 309
THRCD898 505488 7575477 1254.8 PCRCDD 330 THO -60 6 309
THRCD899 505532 7575503 1254.9 PCRCDD 330 THO -59 5 309
THRCD900 505573 7575498 1253.66 PCRCDD 300 THO -60 5 309
THRCD901 505611 7575491 1252.49 PCRCDD 301 THO -61 5 309
THRCD902 505537 7575546 1255.6 PCRCDD 324 THO -59 7 309
THRCD903 505566 7575460 1251.88 PCRCDD 296.2 THO -60 7 309
THRCD904 505547 7575584 1255.73 PCRCDD 465 THO -60 3 309
THRCD905 505376 7575774 1255.28 PCRCDD 413.6 THO -60 184 309
THRCD906 505415 7575733 1256.79 PCRCDD 345 THO -62 189 309
THRCD907 505429 7575757 1255.66 PCRCDD 232.3 THO -62 189 309
THRCD908 505407 7575795 1254.37 PCRCDD 413.8 THO -56 191 309
THRCD909 505429 7575757 1255.06 PCRCDD 375 THO -60 188 309
THRCD910 505491 7575745 1255.17 PCRCDD 524.5 THO -60 4 309
THRCD917 505397 7575664 1257 REVC 186.1 BMAG -60 97 309
THRCD918 505460 7575613 1257.5 REVC 115 BMAG -58 187 309
THRCD919 505466 7575648 1257.3 REVC 177.4 BMAG -60 189 309
THRCD920 505470 7575677 1257 REVC 186.3 BMAG -60 187 309
THRCD921 505484 7575609 1257.3 REVC 222.52 BMAG -60 186 309
THRCD922 505490 7575643 1257.1 REVC 183.7 BMAG -58 187 309
THRCD923 505460 7575527 1256.4 REVC 102 BMAG -58 7 309
THRCD924 505421 7575439 1254.6 REVC 102 BMAG -50 347 309
THRCD926 505439 7575506 1256.4 REVC 162.4 BMAG -76 6 309
TPC141 505521 7575662 1256 DD 38.8 BMAG -90 8 309
TPC473 505413 7575634 1257 DD 214.5 BMAG -60 100 309
TPC474 505428 7575721 1256 DD 187.8 BMAG -60 101 309
TPC653 505361 7575645 1256 DD 261 BMAG -60 98 309
TPC654 505311 7575611 1257 DD 306.5 BMAG -57 98 309
TPC655 505280 7575577 1256 DD 138.5 BMAG -60 98 309
TPCD141 505521 7575663 1256.53 PCOHDD 38.8 UNK -90 8 309
TPCD473 505414 7575635 1257.53 PCOHDD 214.5 UNK -61 100 309
TPCD474 505429 7575721 1256.33 PCOHDD 187.8 UNK -60 101 309
TPCD653 505361 7575645 1256.63 PCOHDD 261 UNK -60 98 309
TPCD654 505312 7575612 1257.13 PCOHDD 306.5 UNK -57 98 309
TPCD655 505281 7575578 1256.83 PCOHDD 138.5 UNK -60 98 309
TRC386 505455 7575719 1256.43 REVC 100 UNK -60 98 309
TRC387 505573 7575656 1254.83 REVC 100 UNK -90 52 309
TRC388 505597 7575648 1253.73 REVC 100 UNK -90 94 309
TRC389 505505 7575707 1256.03 REVC 89 MET -90 48 309
TRC390 505543 7575699 1255.23 REVC 107 UNK -90 305 309
TRC393 505585 7575694 1253.61 REVC 100 UNK -90 117 309
TRC395 505409 7575725 1256.48 REVC 96 UNK -90 8 309
TRC396 505397 7575637 1257.63 REVC 107 UNK -90 8 309
TRC397 505435 7575632 1257.73 REVC 107 UNK -89 111 309
TRC398 505473 7575625 1257.55 REVC 98 UNK -89 70 309
TRC399 505513 7575619 1257.21 REVC 100 UNK -90 8 309
TRC400 505554 7575613 1255.53 REVC 100 UNK -90 30 309
TRC402 505591 7575607 1253.84 REVC 100 UNK -90 8 309
TRC404 505498 7575790 1253.53 REVC 100 UNK -90 8 309
TRC405 505611 7575854 1248.88 REVC 56 UNK -90 8 309
TRC406 505572 7575861 1249.74 REVC 62 UNK -90 8 309
TRC407 505388 7575597 1257.43 REVC 100 UNK -90 8 309
TRC408 505427 7575591 1257.53 REVC 100 UNK -90 8 309
TRC409 505468 7575585 1257.41 REVC 100 UNK -90 8 309
TRC410 505505 7575578 1257.13 REVC 100 UNK -89 83 309
TRC412 505458 7575796 1253.93 REVC 107 UNK -90 8 309
TRC413 505419 7575802 1254.24 REVC 100 UNK -90 8 309
TRC415 505614 7575770 1251.21 REVC 106 UNK -60 278 309
TRC416 505498 7575541 1256.63 REVC 95 UNK -90 8 309
TRC417 505540 7575537 1255.6 REVC 100 UNK -90 8 309

37

Adjusted Adjusted Adjusted Adjusted Adjusted
Hole ID
East
North
DTM RL
Mine
Local (m)
Drilling
Type
Final Company Dip NAT Prospect
Depth
Azimuth
(m)
TRC418 505531 7575494 1254.58 REVC 89 UNK -90 8 309
TRC419 505491 7575500 1255.39 REVC 100 UNK -90 8 309
TRC420 505573 7575489 1253.33 REVC 96 UNK -90 8 309
TRC421 505429 7575590 1257.43 REVC 22 UNK -90 78 309
TRC422 505527 7575575 1256.45 REVC 100 UNK -90 8 309
TRC423 505531 7575744 1254.51 REVC 100 UNK -90 233 309
TRC424 505484 7575747 1255.23 REVC 100 UNK -90 20 309
TRC425 505444 7575749 1255.63 REVC 100 UNK -90 231 309
TRC426 505407 7575752 1255.73 REVC 100 UNK -90 8 309
TRC429 505388 7575689 1256.63 REVC 100 UNK -61 102 309
TRC430 505496 7575642 1257.13 REVC 100 UNK -61 102 309
TRC431 505456 7575651 1257.45 REVC 100 UNK -61 97 309
TRC433 505521 7575685 1256.13 REVC 88 UNK -61 103 309
TRC434 505480 7575692 1256.73 REVC 100 UNK -60 102 309
TRC438 505520 7575688 1256.03 REVC 82 UNK -60 278 309
TRC439 505513 7575745 1254.83 REVC 80 UNK -70 276 309
TRC440 505454 7575880 1251.39 REVC 100 UNK -60 98 309
TRC441 505501 7575873 1250.83 REVC 100 UNK -60 98 309
TRC442 505493 7575259 1250.83 REVC 70 UNK -60 280 309
TRC443 505820 7574750 1247.3 REVC 98.5 UNK -60 278 309
TRC444 505821 7574749 1247.3 REVC 100 UNK -60 101 309
TRC445 505741 7574763 1247.9 REVC 100 UNK -60 98 309
TRC446 505739 7574763 1247.9 REVC 100 UNK -60 278 309
TRC447 505796 7574593 1244.1 REVC 100 UNK -60 280 309
TRC448 505716 7574608 1245.4 REVC 100 UNK -60 98 309
TRC449 505466 7575329 1252.48 REVC 50 UNK -60 9 309
TRC611 505450 7575546 1256.63 REVC 100 UNK -60 280 309
TRC612 505412 7575558 1256.83 REVC 120 UNK -60 278 309
TRC613 505423 7575573 1257.23 REVC 120 UNK -60 276 309
TRC614 505463 7575568 1257.13 REVC 100 UNK -60 277 309
TRC615 505502 7575563 1256.83 REVC 100 UNK -59 277 309
TRC616 505541 7575556 1255.63 REVC 100 UNK -61 279 309
TRC617 505515 7575639 1256.83 REVC 100 UNK -61 97 309
TRC618 505353 7575604 1257.63 REVC 90 UNK -90 9 309
TRC619 505405 7575660 1257.54 REVC 80 UNK -64 93 309
TRC620 505444 7575701 1256.83 REVC 120 UNK -60 98 309
TRC644 505424 7575705 1256.73 REVC 100 UNK -60 98 309
TRC645 505464 7575750 1255.43 REVC 90 UNK -90 8 309
TRC646 505474 7575731 1255.73 REVC 100 UNK -61 97 309
TRC647 505467 7575763 1255.13 REVC 100 UNK -59 99 309
TRC648 505434 7575767 1255.13 REVC 100 UNK -60 95 309
TRC649 505435 7575737 1255.93 REVC 100 UNK -58 96 309
TRC650 505367 7575761 1255.73 REVC 100 UNK -55 96 309
TRC651 505592 7575730 1252.73 REVC 100 UNK -59 274 309
TRC680 505404 7575575 1257.33 REVC 102 UNK -60 98 309
TRC681 505423 7575572 1257.33 REVC 103 UNK -60 98 309
TRC682 505444 7575569 1257.23 REVC 103 UNK -60 98 309
TRC683 505385 7575578 1257.23 REVC 98.4 UNK -60 98 309
TRC685 505362 7575563 1256.93 REVC 96 UNK -60 98 309
TRC686 505444 7575556 1256.93 REVC 102 UNK -60 98 309
TRC687 505423 7575557 1256.93 REVC 100 UNK -60 98 309
TRC688 505402 7575557 1256.93 REVC 96 UNK -60 98 309
TRC689 505382 7575560 1256.92 REVC 84 UNK -60 98 309
TRC690 505426 7575594 1257.53 REVC 102 UNK -60 98 309
TRC691 505406 7575597 1257.53 REVC 100 UNK -60 98 309
TRC692 505386 7575600 1257.43 REVC 102 UNK -60 98 309
TRC693 505347 7575607 1257.33 REVC 102 UNK -61 98 309
TRC694 505447 7575611 1257.53 REVC 100 UNK -60 98 309
TRC695 505427 7575614 1257.7 REVC 100 UNK -60 98 309
TRC696 505408 7575617 1257.63 REVC 100 UNK -60 98 309
TRC697 505388 7575620 1257.43 REVC 100 UNK -60 98 309

38

Adjusted Adjusted Adjusted Adjusted Adjusted
Hole ID
East
North
DTM RL
Mine
Local (m)
Drilling
Type
Final Company Dip NAT Prospect
Depth
Azimuth
(m)
TRC699 505513 7575620 1257.23 REVC 100 UNK -60 98 309
TRC700 505493 7575623 1257.43 REVC 100 UNK -60 98 309
TRC701 505473 7575626 1257.53 REVC 100 UNK -60 98 309
TRC702 505454 7575630 1257.53 REVC 100 UNK -60 98 309
TRC703 505433 7575633 1257.63 REVC 100 UNK -60 98 309
TRC704 505520 7575660 1256.53 REVC 100 UNK -60 98 309
TRC705 505500 7575663 1256.93 REVC 100 UNK -60 98 309
TRC706 505480 7575666 1257.13 REVC 100 UNK -60 98 309
TRC707 505459 7575669 1257.43 REVC 96 UNK -60 98 309
TRC708 505503 7575683 1256.53 REVC 96 UNK -60 98 309
TRC709 505463 7575691 1257.13 REVC 96 UNK -60 98 309
TRC710 505491 7575704 1256.33 REVC 96 UNK -60 98 309
TRC711 505472 7575710 1256.43 REVC 101 UNK -60 98 309
TRC713 505437 7575530 1256.33 REVC 96 UNK -60 98 309
TRC714 505417 7575533 1256.43 REVC 102 UNK -60 98 309
TRC715 505397 7575537 1256.57 REVC 102 UNK -60 98 309
TRC716 505378 7575540 1256.63 REVC 100 UNK -60 98 309
TRC717 505422 7575565 1257.13 REVC 100 UNK -60 98 309
TRC718 505402 7575568 1257.13 REVC 100 PLUT -60 98 309
TRC719 505383 7575571 1257.13 REVC 100 UNK -60 95 309
TRC720 505425 7575584 1257.43 REVC 87 UNK -60 98 309
TRC721 505405 7575588 1257.43 REVC 67 UNK -60 98 309
TRC722 505386 7575591 1257.3 REVC 83 UNK -60 98 309
TRC725 505645 7574604 1247.1 REVC 198 PLUT -60 98 309
TRC726 505796 7574580 1244 REVC 204 PLUT -60 98 309
TRC727 505012 7575662 1262.5 REVC 108 PLUT -60 98 309
TRC733 505420 7575798 1254.38 REVC 270 PLUT -60 99 309
TRC735 505341 7575811 1256.63 REVC 249 PLUT -60 99 309
TRC744 505485 7575827 1252.53 REVC 180 PLUT -60 98 309
TRC745 505486 7575341 1256.5 REVC 240 PLUT -60 98 309
TRC746 505388 7575357 1258.1 REVC 234 PLUT -60 98 309
TRC749 506253 7574708 1241.4 REVC 204 PLUT -60 99 309
TRC750 506174 7574721 1242.9 REVC 197 UNK -60 99 309
TRC753 505754 7575601 1248.36 REVC 216 UNK -90 9 309
TRCD384 505490 7575673 1256.83 PCRCDD 379.5 UNK -90 349 309
TRCD385 505449 7575678 1257.13 PCRCDD 150.15 UNK -60 101 309
TRCD391 505522 7575662 1256.53 PCRCDD 186.7 UNK -89 28 309
TRCD392 505567 7575696 1254.33 PCRCDD 194.2 UNK -89 91 309
TRCD394 505454 7575717 1256.33 PCRCDD 201.25 UNK -88 11 309
TRCD401 505578 7575777 1251.43 PCRCDD 181.5 UNK -89 63 309
TRCD403 505537 7575783 1252.93 PCRCDD 151.5 UNK -88 18 309
TRCD411 505558 7575655 1255.03 PCRCDD 202.5 UNK -60 280 309
TRCD428 505424 7575684 1257.13 PCRCDD 199.5 UNK -62 98 309
TRCD429 505388 7575690 1257.13 PCRCDD 201.1 UNK -61 102 309
TRCD432 505417 7575658 1257.43 PCRCDD 175.5 UNK -60 102 309
TRCD618 505353 7575604 1257.32 PCRCDD 241.3 UNK -55 98 309
TRCD663 505340 7575565 1256.93 PCRCDD 217.3 UNK -60 98 309
TRCD684 505365 7575581 1257.13 PCRCDD 172.2 UNK -60 98 309
TRCD698 505367 7575623 1257.53 PCRCDD 222.3 UNK -60 98 309
TRCD712 505343 7575587 1257.13 PCRCDD 172.3 PLUT -60 98 309
TRCD728 505206 7575637 1256.69 PCRCDD 366 PLUT -60 99 309
TRCD729 505262 7575704 1256.23 PCRCDD 351 PLUT -60 99 309
TRCD730 505216 7575669 1256.53 PCRCDD 363.3 PLUT -60 99 309
TRCD731 505166 7575637 1256.73 PCRCDD 353.7 PLUT -60 99 309
TRCD732 505203 7575590 1256.63 PCRCDD 372.6 PLUT -60 99 309
TRCD734 505308 7575735 1255.83 PCRCDD 300.75 PLUT -60 99 309
TRCD736 505394 7575761 1255.53 PCRCDD 288.6 PLUT -60 99 309
TRCD737 505243 7575644 1256.63 PCRCDD 300.6 PLUT -60 99 309
TRCD738 505644 7575558 1252.33 PCRCDD 294.6 PLUT -60 279 309
TRCD739 505315 7575531 1256.63 PCRCDD 261.6 PLUT -62 89 309
TRCD740 505655 7575616 1251.61 PCRCDD 324.6 PLUT -60 279 309

39

Adjusted Adjusted Adjusted Adjusted Adjusted
Hole ID
East
North
DTM RL
Mine
Local (m)
Drilling
Type
Final Company Dip NAT Prospect
Depth
Azimuth
(m)
TRCD741 505486 7575462 1254.53 PCRCDD 306.6 PLUT -60 279 309
TRCD742 505309 7575490 1256.1 PCRCDD 316 PLUT -60 99 309
TRCD743 505637 7575518 1252.33 PCRCDD 354.45 PLUT -60 279 309
TRCD747 505235 7575627 1256.63 PCRCDD 171.2 PLUT -60 99 309
TRCD748 505225 7575629 1256.63 PCRCDD 240.11 PLUT -60 99 309
TRCD751 505625 7575441 1250.98 PCRCDD 362 PLUT -48 282 309
TRCD752 505784 7575493 1248.21 PCRCDD 400 PLUT -60 286 309
TRCD754 505773 7575598 1247.96 PCRCDD 358 PLUT -60 283 309
TRCD755 505348 7575861 1253.63 PCRCDD 411.3 UNK -60 188 309
TRCD756 505296 7575788 1254.63 PCRCDD 383.4 UNK -60 188 309
TRCD757 505311 7575883 1252.13 PCRCDD 540.4 UNK -60 188 309
TRCD758 505264 7575823 1254.63 PCRCDD 432.4 UNK -60 188 309

Table 4; 309 Deposit Surface Drillhole Collar Table.

Drill Collars used in Lone Sister Resource Model

Adjusted DTM RL Mine Local can be converted to AHD by subtracting 1051.87 m All holes are reported in MGA94 Zone S 55

Total Lone Sister Collars: 296

Hole ID East North Adjusted
DTM RL
Mine
Local (m)
Drilling
Type
Final
Depth
(m)
Company Dip NAT
Azimuth
Prospect
00THRC105 507694 7568439 1280.97 REVC 195 HOM -60 91 Lone Sister
00THRC106 507696 7568083 1282.57 REVC 196 HOM -60 91 Lone Sister
00THRC107 507060 7568186 1278.87 REVC 160 HOM -60 90 Lone Sister
00THRC108 507994 7568472 1282.97 REVC 250 HOM -60 91 Lone Sister
00THRC109 507540 7568181 1283.57 REVC 87 HOM -60 90 Lone Sister
00THRC110 507689 7568209 1281.97 REVC 178 HOM -60 271 Lone Sister
00THRC111 506640 7568180 1277.97 REVC 75 HOM -60 91 Lone Sister
00THRC115 507040 7570681 1294.67 REVC 172 HOM -60 90 Lone Sister
00THRC119 507989 7568472 1282.97 REVC 196 HOM -60 270 Lone Sister
93DRC14 508916 7567230 1277.97 REVC 100 MET -60 270 Lone Sister
93DRC15 508866 7567229 1278.17 REVC 100 MET -60 270 Lone Sister
93DRC16 508816 7567230 1278.57 REVC 100 MET -60 270 Lone Sister
93DRC17 508766 7567229 1278.97 REVC 100 MET -60 270 Lone Sister
93DRC18 508717 7567229 1279.87 REVC 100 MET -60 270 Lone Sister
93DRC19 508668 7567229 1280.17 REVC 100 MET -60 270 Lone Sister
93DRC20 508617 7567233 1279.47 REVC 100 MET -60 270 Lone Sister
94DRC21 508966 7567229 1277.57 REVC 100 GMA -60 270 Lone Sister
94DRC22 509016 7567229 1276.77 REVC 100 GMA -60 270 Lone Sister
94DRC23 509066 7567229 1276.47 REVC 100 GMA -60 270 Lone Sister
94DRC24 509116 7567229 1276.47 REVC 100 GMA -60 270 Lone Sister
94DRC25 509166 7567229 1277.07 REVC 100 GMA -60 270 Lone Sister
94DRC26 509218 7567236 1277.47 REVC 100 GMA -60 270 Lone Sister
94DRC27 509316 7567229 1276.77 REVC 100 GMA -60 270 Lone Sister
94DRC28 509416 7567229 1276.07 REVC 100 GMA -60 270 Lone Sister
94DRC29 509511 7567242 1275.17 REVC 100 GMA -60 270 Lone Sister
94DRC30 509616 7567229 1274.87 REVC 100 GMA -60 270 Lone Sister
94DRC31 509716 7567229 1273.87 REVC 100 GMA -60 270 Lone Sister
94DRC32 509811 7567224 1275.17 REVC 100 GMA -60 270 Lone Sister
94DRC33 509916 7567229 1273.37 REVC 100 GMA -60 270 Lone Sister
94DRC34 509266 7567179 1276.87 REVC 100 GMA -60 270 Lone Sister
94DRC35 509316 7567179 1276.57 REVC 100 GMA -60 270 Lone Sister
95DRC36 509566 7567230 1274.87 REVC 100 GMA -60 270 Lone Sister
95DRC37 509566 7567280 1275.17 REVC 50 GMA -60 270 Lone Sister
95DRC38 509516 7567280 1275.57 REVC 50 GMA -60 270 Lone Sister
95DRC39 509466 7567280 1276.07 REVC 50 GMA -60 270 Lone Sister

40

Hole ID East North Adjusted
DTM RL
Mine
Local (m)
Drilling
Type
Final
Depth
(m)
Company Dip NAT
Azimuth
Prospect
95DRC40 509566 7567180 1274.87 REVC 50 GMA -60 270 Lone Sister
95DRC41 509516 7567180 1274.87 REVC 50 GMA -60 270 Lone Sister
95DRC42 509466 7567180 1274.97 REVC 100 GMA -60 270 Lone Sister
95DRC43 509266 7567230 1277.07 REVC 100 GMA -60 270 Lone Sister
95DRC44 509266 7567280 1277.17 REVC 50 GMA -60 270 Lone Sister
95DRC45 509216 7567280 1277.77 REVC 50 GMA -60 270 Lone Sister
95DRC46 509166 7567280 1277.47 REVC 50 GMA -60 270 Lone Sister
98THRC001 505447 7568124 1277.07 REVC 225 UNK -60 83 Lone Sister
98THRC002 505346 7568125 1277.17 REVC 252 UNK -90 0 Lone Sister
98THRC003 505429 7568223 1278.47 REVC 216 UNK -60 82 Lone Sister
98THRC008 507628 7569831 1288.27 REVC 210 UNK -60 82 Lone Sister
98THRC009 507757 7569753 1287.37 REVC 222 UNK -60 82 Lone Sister
98THRC010 507659 7569731 1286.87 REVC 210 UNK -60 82 Lone Sister
99THRC023 505425 7567786 1272.67 REVC 204 HOM -60 330 Lone Sister
99THRC024 505295 7567716 1273.67 REVC 204 HOM -60 330 Lone Sister
99THRC025 505130 7567801 1274.07 REVC 204 HOM -60 150 Lone Sister
99THRC026 505270 7567853 1274.07 REVC 204 HOM -60 150 Lone Sister
99THRC027 505712 7567481 1273.17 REVC 174 UNK -60 90 Lone Sister
99THRC028 507867 7567631 1282.87 REVC 198 UNK -60 90 Lone Sister
99THRC029 507763 7567631 1282.87 REVC 198 UNK -60 90 Lone Sister
99THRC030 506215 7570676 1292.07 REVC 198 UNK -60 270 Lone Sister
99THRC031 506092 7570581 1290.97 REVC 198 UNK -60 90 Lone Sister
99THRC032 507364 7567680 1284.87 REVC 198 UNK -60 90 Lone Sister
99THRC033 507270 7567682 1284.67 REVC 198 UNK -60 90 Lone Sister
99THRC034 507116 7567880 1283.87 REVC 198 UNK -60 270 Lone Sister
99THRC035 506015 7570677 1292.67 REVC 192 UNK -60 90 Lone Sister
99THRC036 506033 7570785 1292.27 REVC 198 UNK -60 90 Lone Sister
99THRC037 507217 7567879 1283.97 REVC 198 UNK -60 270 Lone Sister
99THRC038 507640 7568559 1281.67 REVC 192 UNK -60 270 Lone Sister
99THRC039 505059 7570685 1280.07 REVC 166 UNK -60 90 Lone Sister
99THRC040 504704 7570560 1274.77 REVC 60 UNK -60 90 Lone Sister
99THRC041 507616 7568781 1281.17 REVC 198 UNK -60 90 Lone Sister
99THRC042 507515 7568781 1279.37 REVC 96 UNK -60 90 Lone Sister
99THRC043 507616 7569180 1281.67 REVC 198 UNK -60 90 Lone Sister
99THRC046 508615 7567632 1283.87 REVC 198 UNK -60 90 Lone Sister
99THRC047 508837 7567437 1279.57 REVC 198 UNK -60 90 Lone Sister
99THRC048 506553 7568484 1275.97 REVC 204 UNK -60 90 Lone Sister
99THRC049 506444 7568487 1274.87 REVC 198 UNK -60 90 Lone Sister
99THRC050 508667 7567435 1279.97 REVC 198 UNK -60 90 Lone Sister
99THRC051 509597 7568550 1284.37 REVC 198 UNK -60 90 Lone Sister
99THRC052 506612 7569033 1282.37 REVC 198 UNK -60 90 Lone Sister
99THRC053 508673 7568990 1286.87 REVC 198 UNK -60 90 Lone Sister
99THRC054 508248 7568763 1288.27 REVC 198 UNK -60 225 Lone Sister
99THRC055 508194 7568811 1286.37 REVC 198 UNK -60 225 Lone Sister
99THRC056 508095 7568863 1285.57 REVC 198 UNK -60 225 Lone Sister
99THRC057 507817 7569179 1282.07 REVC 162 UNK -60 90 Lone Sister
99THRC058 507460 7570482 1288.57 REVC 207 UNK -60 90 Lone Sister
99THRC059 507416 7570578 1288.77 REVC 198 UNK -60 90 Lone Sister
99THRC075 505504 7567845 1275.47 REVC 180 UNK -60 90 Lone Sister
99THRC076 505455 7567931 1276.27 REVC 198 UNK -60 330 Lone Sister
99THRC077 505539 7567940 1276.37 REVC 198 UNK -60 330 Lone Sister
99THRC078 505965 7569383 1282.47 REVC 84 UNK -60 90 Lone Sister
99THRC079 505864 7569379 1283.57 REVC 180 UNK -60 90 Lone Sister
99THRC080 505713 7569277 1281.47 REVC 102 UNK -60 90 Lone Sister
99THRC081 505562 7569278 1281.87 REVC 194 UNK -60 90 Lone Sister
99THRC082 507116 7569579 1287.77 REVC 96 UNK -60 90 Lone Sister
99THRC083 507003 7569478 1288.47 REVC 182 UNK -60 90 Lone Sister
99THRC084 507020 7569585 1289.57 REVC 150 UNK -60 90 Lone Sister
99THRC094 504546 7554161 1268.77 REVC 150 UNK -60 91 Lone Sister
DR001 508468 7567042 1278.87 REVC 150 MET -60 63 Lone Sister
DRC01 508446 7567042 1278.57 REVC 100 MET -60 273 Lone Sister

41

Hole ID East North Adjusted
DTM RL
Mine
Local (m)
Drilling
Type
Final
Depth
(m)
Company Dip NAT
Azimuth
Prospect
DRC02 508487 7567039 1279.27 REVC 69 MET -60 273 Lone Sister
DRC03 508526 7567037 1279.77 REVC 88 MET -60 273 Lone Sister
DRC04 508565 7567034 1279.57 REVC 88.2 MET -60 273 Lone Sister
DRC05 508605 7567032 1279.27 REVC 101 MET -90 0 Lone Sister
DRC06 508645 7567030 1278.07 REVC 94 MET -90 0 Lone Sister
DRC07 508686 7567029 1276.87 REVC 118 MET -90 0 Lone Sister
DRC08 508726 7567027 1276.77 REVC 89 MET -90 0 Lone Sister
DRC09 508884 7567019 1277.27 REVC 76 MET -60 273 Lone Sister
DRC10 508924 7567018 1276.77 REVC 71 MET -60 273 Lone Sister
DRC11 508349 7567049 1279.17 REVC 107 MET -90 0 Lone Sister
DRRC1005 507584 7566121 1285.94 REVC 46 BMAG -90 98 Lone Sister
DRRC1006 507945 7565394 1284.14 REVC 40 BMAG -90 98 Lone Sister
LRC001 508311 7568544 1290.62 REVC 100 UNK -60 91 Lone Sister
LRC002 508347 7568543 1291.63 REVC 98 UNK -60 91 Lone Sister
LRC003 508269 7568545 1288.88 REVC 100 UNK -60 91 Lone Sister
LRC004 508396 7568544 1292.19 REVC 106 UNK -60 91 Lone Sister
LRC005 508478 7568540 1291.47 REVC 100 UNK -60 271 Lone Sister
LRC006 508519 7568539 1290.74 REVC 100 UNK -60 271 Lone Sister
LRC007 508482 7568457 1296.83 REVC 94 UNK -60 271 Lone Sister
LRC008 508521 7568459 1295.07 REVC 100 UNK -60 271 Lone Sister
LRC010 508535 7568378 1297.96 REVC 106 UNK -60 271 Lone Sister
LRC013 508367 7568304 1300.42 REVC 76 UNK -60 91 Lone Sister
LRC014 508332 7568384 1297.95 REVC 98 UNK -60 91 Lone Sister
LRC016 508367 7568227 1296.2 REVC 100 UNK -60 91 Lone Sister
LRC017 508326 7568222 1286.05 REVC 100 UNK -60 91 Lone Sister
LRC019 507806 7568076 1283.47 REVC 100 UNK -60 91 Lone Sister
LRC020 507886 7568075 1285.07 REVC 100 UNK -60 271 Lone Sister
LRC021 508476 7568064 1288.88 REVC 100 UNK -60 91 Lone Sister
LRC022 508573 7568060 1287.56 REVC 100 UNK -60 271 Lone Sister
LRC023 508633 7568144 1289.05 REVC 100 UNK -60 271 Lone Sister
LRC024 508272 7567427 1283.37 REVC 104 UNK -60 271 Lone Sister
LRC025 508791 7567415 1279.27 REVC 80 UNK -60 271 Lone Sister
LRC026 508711 7567417 1279.97 REVC 80 UNK -60 91 Lone Sister
LRC027 509202 7567447 1277.87 REVC 100 UNK -60 271 Lone Sister
LRC028 508942 7567912 1283.07 REVC 100 UNK -60 271 Lone Sister
LRC029 508182 7568146 1286.49 REVC 100 UNK -60 91 Lone Sister
LRC030 508264 7568220 1290.93 REVC 100 UNK -60 91 Lone Sister
LRC031 508290 7568321 1294.72 REVC 100 UNK -60 91 Lone Sister
LRC032 508253 7568385 1292.66 REVC 100 UNK -60 91 Lone Sister
LRC033 508114 7568470 1283.15 REVC 100 UNK -60 91 Lone Sister
LRC034 508051 7568311 1283.56 REVC 106 UNK -60 91 Lone Sister
LRC035 509102 7567449 1279.07 REVC 100 UNK -60 91 Lone Sister
LRC036 509276 7567170 1276.87 REVC 100 UNK -60 271 Lone Sister
LRC043 508389 7568223 1299.32 REVC 76 UNK -60 269 Lone Sister
LRC044 508351 7568228 1294.92 REVC 95 UNK -60 278 Lone Sister
LRC045 508311 7568227 1292.94 REVC 100 UNK -60 273 Lone Sister
LRC046 508271 7568227 1291.28 REVC 100 UNK -60 270 Lone Sister
LRC047 508031 7568311 1283.03 REVC 100 UNK -60 270 Lone Sister
LRC048 508111 7568310 1284.14 REVC 62 UNK -60 270 Lone Sister
LRC049 508637 7567981 1284.81 REVC 90 UNK -60 270 Lone Sister
LRC050 508686 7567981 1284.53 REVC 100 UNK -60 269 Lone Sister
LRC051 508311 7568305 1295.54 REVC 100 PLUT -60 269 Lone Sister
LRC052 508351 7568305 1298.58 REVC 73 PLUT -60 270 Lone Sister
LRC053 508270 7568307 1292.88 REVC 61 PLUT -60 270 Lone Sister
LRC054 508192 7568304 1288.71 REVC 100 PLUT -60 270 Lone Sister
LRC055 508214 7568385 1289.31 REVC 75 PLUT -60 270 Lone Sister
LRC056 508264 7568380 1293.68 REVC 100 PLUT -60 270 Lone Sister
LRC059 508466 7568102 1290.46 REVC 102 PLUT -60 270 Lone Sister
LRC060 508426 7568100 1290.24 REVC 102 PLUT -60 270 Lone Sister
LRC061 508428 7568063 1288.8 REVC 102 PLUT -60 270 Lone Sister
LRC062 508465 7568062 1288.79 REVC 102 PLUT -60 270 Lone Sister

42

Hole ID East North Adjusted
DTM RL
Mine
Local (m)
Drilling
Type
Final
Depth
(m)
Company Dip NAT
Azimuth
Prospect
LRC067 508568 7568220 1296.48 REVC 102 UNK -60 270 Lone Sister
LRC068 508609 7568219 1293.54 REVC 127 UNK -60 270 Lone Sister
LRC069 508387 7568184 1296.47 REVC 6 UNK -60 270 Lone Sister
LRC070 508368 7568184 1295.42 REVC 102 UNK -60 271 Lone Sister
LRC072 508344 7568186 1292.39 REVC 54 UNK -60 271 Lone Sister
LRC073 508367 7568144 1291.53 REVC 102 UNK -60 270 Lone Sister
LRC074 508344 7568105 1289.23 REVC 102 UNK -60 271 Lone Sister
LRC075 508385 7568104 1289.96 REVC 102 UNK -60 270 Lone Sister
LRC076 508236 7568547 1287.04 REVC 84 UNK -60 271 Lone Sister
LRC077 508196 7568548 1284.17 REVC 102 UNK -60 270 Lone Sister
LRC078 508385 7568164 1294.89 REVC 93 UNK -60 270 Lone Sister
LRC080 508505 7568063 1288.51 REVC 75 UNK -60 270 Lone Sister
LRC081 507806 7568076 1283.47 REVC 98 UNK -60 270 Lone Sister
LRC082 507766 7568077 1282.67 REVC 105 UNK -60 270 Lone Sister
LRC083 507726 7568078 1282.37 REVC 141 UNK -60 270 Lone Sister
LRC084 507093 7567932 1282.17 REVC 80 UNK -60 90 Lone Sister
LRC085 507063 7567932 1281.57 REVC 80 UNK -60 90 Lone Sister
LRC086 507033 7567933 1281.17 REVC 76 UNK -60 90 Lone Sister
LRC087 506898 7567696 1277.47 REVC 80 UNK -60 90 Lone Sister
LRC088 506868 7567696 1276.77 REVC 80 UNK -60 90 Lone Sister
LRC089 507526 7567602 1282.87 REVC 80 UNK -60 270 Lone Sister
LRC090 507496 7567603 1283.17 REVC 80 UNK -60 270 Lone Sister
LRC091 507686 7568079 1282.77 REVC 99 UNK -60 90 Lone Sister
LRC092 507704 7567998 1283.97 REVC 99 UNK -60 90 Lone Sister
LRC093 507744 7567998 1283.87 REVC 111 UNK -60 90 Lone Sister
LRC094 507708 7568158 1281.87 REVC 99 UNK -60 90 Lone Sister
LRC096 508387 7568258 1301.26 REVC 100 UNK -60 270 Lone Sister
LRC097 508614 7568459 1291.17 REVC 109 UNK -60 270 Lone Sister
LRC098 508424 7567983 1285.17 REVC 100 UNK -60 270 Lone Sister
LRC099 508464 7567982 1285.17 REVC 100 UNK -60 270 Lone Sister
LRC100 507784 7567997 1283.87 REVC 103 UNK -60 90 Lone Sister
LRC101 507742 7567918 1284.77 REVC 103 UNK -60 90 Lone Sister
LRC102 507782 7567917 1284.37 REVC 97 UNK -60 90 Lone Sister
LRC103 507145 7568010 1280.77 REVC 100 UNK -60 270 Lone Sister
LRC104 507819 7568236 1281.77 REVC 100 UNK -60 270 Lone Sister
LRC105 507841 7568316 1280.77 REVC 100 UNK -60 270 Lone Sister
LRC106 507701 7567839 1283.97 REVC 100 UNK -60 90 Lone Sister
LRC107 507741 7567838 1283.37 REVC 100 UNK -60 90 Lone Sister
LRC108 507699 7567759 1282.77 REVC 100 UNK -60 90 Lone Sister
LRC109 507739 7567758 1283.47 REVC 100 UNK -60 90 Lone Sister
LRC110 508649 7568218 1290.85 REVC 141 UNK -60 270 Lone Sister
LRC111 508501 7568063 1288.58 REVC 162 UNK -60 270 Lone Sister
LRC112 508329 7568384 1297.78 REVC 155 UNK -60 270 Lone Sister
LRC113 508566 7568139 1291.15 REVC 102 UNK -60 270 Lone Sister
LRC114 508435 7568463 1298.48 REVC 90 UNK -60 270 Lone Sister
LRC115 508395 7568466 1298.34 REVC 111 UNK -60 270 Lone Sister
LRC116 508340 7568467 1296.76 REVC 113 UNK -60 270 Lone Sister
LRC117 508284 7568468 1293.45 REVC 118 UNK -60 270 Lone Sister
LRC118 508234 7568468 1290.15 REVC 95 UNK -60 270 Lone Sister
LRC119 508554 7568460 1293.57 REVC 138 UNK -60 270 Lone Sister
LRC125 508545 7568062 1287.98 REVC 150 UNK -60 270 Lone Sister
LRC126 508216 7568457 1288.14 REVC 300 UNK -60 91 Lone Sister
LRC127 507996 7568072 1286.57 REVC 198 UNK -60 91 Lone Sister
LRC128 507716 7568558 1282.47 REVC 198 HOM -60 91 Lone Sister
LRC129 507757 7567677 1283.27 REVC 204 HOM -60 91 Lone Sister
LRC136 508151 7567869 1286.57 REVC 150 UNK -60 91 Lone Sister
LRC137 508639 7568698 1288.27 REVC 108 PLUT -60 91 Lone Sister
LRC138 508586 7568540 1291.57 REVC 252 UNK -60 271 Lone Sister
LRC162 508342 7568147 1290.57 REVC 95 UNK -60 91 Lone Sister
LRC163 508278 7568151 1289.24 REVC 129 UNK -60 91 Lone Sister
LRC164 508394 7568184 1294.98 REVC 59 UNK -60 91 Lone Sister

43

Hole ID East North Adjusted
DTM RL
Mine
Local (m)
Drilling
Type
Final
Depth
(m)
Company Dip NAT
Azimuth
Prospect
LRC165 508362 7568187 1293.32 REVC 65 UNK -60 91 Lone Sister
LRC166 508335 7568185 1294.34 REVC 79 UNK -60 91 Lone Sister
LRC167 508506 7568221 1299.48 REVC 25 UNK -60 91 Lone Sister
LRC170 508329 7568125 1292.37 REVC 233 THO -90 0 Lone Sister
LRC171 508367 7568124 1293.67 REVC 170 THO -90 0 Lone Sister
LRC172 508415 7568122 1295.97 REVC 250 THO -90 0 Lone Sister
LRC173 508348 7568413 1300.67 REVC 214 THO -90 0 Lone Sister
LRC174 508409 7568422 1303.37 REVC 98 THO -90 0 Lone Sister
LRC175 508468 7568421 1302.57 REVC 76 THO -90 0 Lone Sister
LRC176 508351 7568164 1295.07 REVC 112 THO -90 0 Lone Sister
LRC177 508382 7568163 1296.77 REVC 76 THO -90 0 Lone Sister
LRC178 508398 7568164 1297.67 REVC 82 THO -90 0 Lone Sister
LRC179 508419 7568163 1298.77 REVC 117 THO -90 0 Lone Sister
LRC180 508359 7568205 1297.77 REVC 106 THO -90 0 Lone Sister
LRC181 508379 7568205 1299.07 REVC 88 THO -90 0 Lone Sister
LRCD009 508493 7568380 1301.92 PCRCDD 408.3 PLUT -57 276 Lone Sister
LRCD011 508493 7568303 1302.48 PCRCDD 379 PLUT -57 268 Lone Sister
LRCD012 508534 7568299 1298.88 PCRCDD 435.5 MET -60 269 Lone Sister
LRCD015 508470 7568232 1301.22 PCRCDD 326.7 PLUT -60 275 Lone Sister
LRCD018 508531 7568226 1298.35 PCRCDD 502.16 PLUT -61 264 Lone Sister
LRCD037 508443 7568304 1313.48 PCRCDD 333.7 PLUT -60 272 Lone Sister
LRCD038 508430 7568229 1303.71 PCRCDD 276.4 PLUT -58 271 Lone Sister
LRCD039 508526 7568140 1292.2 PCRCDD 466 PLUT -59 271 Lone Sister
LRCD040 508486 7568141 1292.74 PCRCDD 390 PLUT -59 271 Lone Sister
LRCD041 508445 7568142 1292.75 PCRCDD 232 PLUT -59 274 Lone Sister
LRCD042 508407 7568137 1291.73 PCRCDD 250 PLUT -57 270 Lone Sister
LRCD057 508448 7568183 1297.18 PCRCDD 237.8 PLUT -60 270 Lone Sister
LRCD058 508490 7568262 1302.35 PCRCDD 328 PLUT -60 271 Lone Sister
LRCD063 508528 7568260 1299.65 PCRCDD 313 PLUT -57 269 Lone Sister
LRCD063A 508530 7568261 1299.91 PCRCDD 265 PLUT -60 270 Lone Sister
LRCD064 508403 7568183 1295.52 PCRCDD 196.03 PLUT -60 270 Lone Sister
LRCD065 508488 7568182 1296.6 PCRCDD 409 PLUT -60 270 Lone Sister
LRCD066 508571 7568340 1295.69 PCRCDD 499 PLUT -60 270 Lone Sister
LRCD071 508569 7568258 1296.53 PCRCDD 499 PLUT -60 270 Lone Sister
LRCD079 508430 7568263 1299.33 PCRCDD 234 PLUT -60 270 Lone Sister
LRCD095 508572 7568380 1295.34 PCRCDD 394 PLUT -60 270 Lone Sister
LRCD120 508274 7568666 1285.31 PCRCDD 265.5 PLUT -60 204 Lone Sister
LRCD121 508416 7568388 1306.46 PCRCDD 205.9 PLUT -59 271 Lone Sister
LRCD122 508496 7568304 1302.5 PCRCDD 351.7 PLUT -55 270 Lone Sister
LRCD123 508488 7568222 1300.3 PCRCDD 106.3 PLUT -60 270 Lone Sister
LRCD124 508501 7568222 1299.86 PCRCDD 351.2 PLUT -60 270 Lone Sister
LRCD130 508525 7568101 1289.7 PCRCDD 404.55 HOM -58 292 Lone Sister
LRCD131 508529 7568180 1294.79 PCRCDD 430 HOM -60 291 Lone Sister
LRCD132 508517 7568340 1299.51 PCRCDD 414.6 HOM -59 289 Lone Sister
LRCD133 508454 7568461 1297.41 PCRCDD 396.4 HOM -60 292 Lone Sister
LRCD134 508308 7568185 1293.75 PCRCDD 137.93 HOM -60 90 Lone Sister
LRCD135 508261 7568267 1291.63 PCRCDD 261.6 HOM -60 90 Lone Sister
LRCD139 508384 7568542 1292.03 PCRCDD 346 HOM -60 274 Lone Sister
LRCD140 508348 7568303 1298.38 PCRCDD 549.8 HOM -85 91 Lone Sister
LRCD141 508463 7568242 1302.33 PCRCDD 204.4 BMAG -62 272 Lone Sister
LRCD142 508494 7568242 1301.1 PCRCDD 306.4 BMAG -63 271 Lone Sister
LRCD143 508275 7568228 1291.61 PCRCDD 240.4 BMAG -60 91 Lone Sister
LRCD144 508260 7568228 1291.62 PCRCDD 237.2 BMAG -60 91 Lone Sister
LRCD145 508283 7568188 1293.07 PCRCDD 192.2 BMAG -60 91 Lone Sister
LRCD146 508265 7568188 1292.3 PCRCDD 234 BMAG -60 91 Lone Sister
LRCD147 508423 7568143 1292.62 PCRCDD 222.2 BMAG -60 271 Lone Sister
LRCD148 508275 7568269 1292.54 PCRCDD 301.2 BMAG -60 92 Lone Sister
LRCD149 508255 7568269 1291.5 PCRCDD 261.1 BMAG -60 91 Lone Sister
LRCD150 508251 7568287 1291.58 PCRCDD 342.9 BMAG -60 91 Lone Sister
LRCD151 508228 7568287 1290.25 PCRCDD 357.5 BMAG -60 91 Lone Sister
LRCD152 508217 7568313 1289.8 PCRCDD 369.4 BMAG -60 91 Lone Sister

44

Hole ID East North Adjusted
DTM RL
Mine
Local (m)
Drilling
Type
Final
Depth
(m)
Company Dip NAT
Azimuth
Prospect
LRCD153 508197 7568330 1289.13 PCRCDD 411.4 BMAG -60 91 Lone Sister
LRCD154 508265 7568249 1291.73 PCRCDD 250.2 BMAG -60 91 Lone Sister
LRCD155 508306 7568147 1289.78 PCRCDD 255.5 BMAG -60 95 Lone Sister
LRCD156 508243 7568149 1288.08 PCRCDD 261.3 BMAG -60 91 Lone Sister
LRCD157 508247 7568190 1289.25 PCRCDD 291 BMAG -60 91 Lone Sister
LRCD158 508223 7568229 1288.85 PCRCDD 318 BMAG -60 91 Lone Sister
LRCD159 508294 7568227 1292.37 PCRCDD 229 BMAG -60 91 Lone Sister
LRCD160 508314 7568269 1294.11 PCRCDD 208 BMAG -60 91 Lone Sister
LRCD161 508257 7568308 1292.51 PCRCDD 316.2 BMAG -60 91 Lone Sister
LRCD168 508296 7568168 1290.4 PCRCDD 501.4 BMAG -63 29 Lone Sister
PRC01 505145 7567742 1271.16 REVC 60 UNK -60 338 Lone Sister
SSRC01 507834 7567276 1282.67 REVC 166 HOM -60 271 Lone Sister
SSRC02 507627 7566760 1282.17 REVC 124 HOM -60 271 Lone Sister
SSRC03 507669 7566360 1283.17 REVC 124 HOM -60 271 Lone Sister
SSRC04 507763 7566118 1284.07 REVC 154 HOM -60 271 Lone Sister
SSRC05 507584 7566121 1285.57 REVC 148 HOM -60 91 Lone Sister
SSRC06 507202 7566050 1283.67 REVC 118 HOM -60 271 Lone Sister
Table 5; Lone Sister Deposit Surface Drillhole Collar Table.

45

Twin Hill Key Intersections

Gold grade intercepts clipped to "309" 0.2 g/t modelled domain

1 g/t Minimum grade cut off with up to 2 m internal dilution at an average grade of 0.2 g/t (High grade intercept - 5 g/t Minimum grade cut off with up to 2 m internal dilution at an average grade of 0.2 g/t) All intercepts are presented as intersection widths

NIS - No Significant Intersection

  • Some of denoted interval may have been mined

Gram Metre > 1000 Gram Metre 100 to 1000 Gram Metre 50 to 100 Gram Metre 20 to 50

Gram
Hole ID From
(m)
To
(m)
Company Drill
Type
Prospect Au g/t Interval
Length
(m)
Metre
(g/t x
interval
Gold grade intercept comment
length)
TD435 34 47 UNK DD 309 2.81 13 36.48 13 m @ 2.81 g/t Au from 34 m in TD435 including 4 m @
5.3 g/t Au from 39 m
TD437 47 53 MET DD 309 4.82 6 28.93 6 m @ 4.82 g/t Au from 47 m in TD437 including 1 m @
22.1 g/t Au from 47 m
TD437 59 70 MET DD 309 2.00 11 22.02 11 m @ 2 g/t Au from 59 m in TD437 including 1 m @ 6.72
g/t Au from 62 m
TD723 99 104 UNK DD 309 6.39 5 31.96 5 m @ 6.39 g/t Au from 99 m in TD723 including 1 m @
27.2 g/t Au from 99 m
TD723 106 108 UNK DD 309 17.05 2 34.10 2 m @ 17.05 g/t Au from 106 m in TD723 including 1 m @
32.5 g/t Au from 107 m
TD724 60 84 UNK DD 309 28.43 24 682.32 24 m @ 28.43 g/t Au from 60 m in TD724 including 3 m @
**9 g/t Au from 60 m, 7.4 m @ 85.11 g/t Au from 66 m ***
THDD885 27 42 THO DD 309 3.32 15 49.78 15 m @ 3.32 g/t Au from 27 m in THDD885 including 2 m @
9.71 g/t Au from 30 m, 1 m @ 7.01 g/t Au from 40 m
THDD885 45 55 THO DD 309 6.55 10 65.53 10 m @ 6.55 g/t Au from 45 m in THDD885 including 4 m
@ 9.55 g/t Au from 46 m, 2 m @ 9.32 g/t Au from 53 m
THDD885 69 75 THO DD 309 3.70 6 22.21 6 m @ 3.7 g/t Au from 69 m in THDD885 including 1 m @
10.2 g/t Au from 72 m
THDD885 102 113 THO DD 309 2.40 11 26.35 11 m @ 2.4 g/t Au from 102 m in THDD885 including 1 m @
9.2 g/t Au from 105 m
THDD885 119 124 THO DD 309 10.10 5 50.52 5 m @ 10.1 g/t Au from 119 m in THDD885 including 3 m
@ 15.58 g/t Au from 119 m
THDD886 77 81 THO DD 309 5.59 4 22.34 4 m @ 5.59 g/t Au from 77 m in THDD886 including 1 m @
18.9 g/t Au from 78 m
THDD886 129 133 THO DD 309 8.21 4 32.83 4 m @ 8.21 g/t Au from 129 m in THDD886 including 1 m @
24 g/t Au from 131 m
THDD887 95 106 THO DD 309 3.78 11 41.59 11 m @ 3.78 g/t Au from 95 m in THDD887 including 2 m @
8.7 g/t Au from 99 m
THDD888 121 128 THO DD 309 8.06 7 56.42 7 m @ 8.06 g/t Au from 121 m in THDD888 including 3 m
@ 16.55 g/t Au from 123 m
THDD889 44 50 THO DD 309 4.21 6 25.26 6 m @ 4.21 g/t Au from 44 m in THDD889 including 1 m @
20.2 g/t Au from 46 m
THDH657 179 181 UNK DD 309 18.27 2 36.54 2 m @ 18.27 g/t Au from 179 m in THDH657 including 1 m
@ 35.5 g/t Au from 180 m
THDH658 186 188 UNK DD 309 42.22 2 84.44 2 m @ 42.22 g/t Au from 186 m in THDH658 including 2 m
@ 42.22 g/t Au from 186 m
THRC659 41 46 UNK REVC 309 5.90 5 29.49 5 m @ 5.9 g/t Au from 41 m in THRC659 including 2 m @
11.38 g/t Au from 43 m
THRC761 84 108 BMAG REVC 309 5.43 24 130.26 24 m @ 5.43 g/t Au from 84 m in THRC761 including 8 m
@ 12.34 g/t Au from 96 m
12 m @ 19.04 g/t Au from 112 m in THRC761 including 1
THRC761 112 124 BMAG REVC 309 19.04 12 228.48 m @ 10.2 g/t Au from 122 m, 6 m @ 34.38 g/t Au from 112
m
19 m @ 4.25 g/t Au from 127 m in THRC761 including 1 m
THRC761 127 146 BMAG REVC 309 4.25 19 80.69 @ 5.7 g/t Au from 138 m, 1 m @ 20.1 g/t Au from 141 m, 1
m @ 5.2 g/t Au from 129 m
THRC770 61 78 BMAG REVC 309 3.10 17 52.77 17 m @ 3.1 g/t Au from 61 m in THRC770 including 3 m @
**7.42 g/t Au from 70 m ***
THRC771 59 72 BMAG REVC 309 2.06 13 26.76 13 m @ 2.06 g/t Au from 59 m in THRC771 including 1 m @
5.75 g/t Au from 63 m
20 m @ 11.59 g/t Au from 73 m in THRC771 including 5 m
THRC771 73 93 BMAG REVC 309 11.59 20 231.72 @ 38.58 g/t Au from 74 m, 1 m @ 15 g/t Au from 82 m, 1
**m @ 5.05 g/t Au from 90 m ***

46

Gram
Hole ID From
(m)
To
(m)
Company Drill
Type
Prospect Au g/t Interval
Length
(m)
Metre
(g/t x
interval
Gold grade intercept comment
length)
24 m @ 10.27 g/t Au from 57 m in THRC781 including 7 m
THRC781 57 81 BMAG REVC 309 10.27 24 246.42 @ 23.28 g/t Au from 65 m, 1 m @ 5.3 g/t Au from 80 m, 2
**m @ 23.83 g/t Au from 58 m ***
THRC782 56 73 BMAG REVC 309 79.83 17 1357.04 17 m @ 79.83 g/t Au from 56 m in THRC782 including 13
m @ 104.08 g/t Au from 60 m
THRC793 38 56 BMAG REVC 309 3.01 18 54.11 18 m @ 3.01 g/t Au from 38 m in THRC793 including 1 m
@ 19.7 g/t Au from 40 m
THRC794 28 40 BMAG REVC 309 1.97 12 23.60 12 m @ 1.97 g/t Au from 28 m in THRC794
THRC794 56 63 BMAG REVC 309 8.38 7 58.65 7 m @ 8.38 g/t Au from 56 m in THRC794 including 4 m @
12.9 g/t Au from 56 m
THRC798 36 48 BMAG REVC 309 2.55 12 30.56 12 m @ 2.55 g/t Au from 36 m in THRC798 including 4 m @
5.25 g/t Au from 44 m
THRC798 99 106 BMAG REVC 309 12.45 7 87.12 7 m @ 12.45 g/t Au from 99 m in THRC798 including 4 m
@ 19.26 g/t Au from 101 m
THRC808 36 46 BMAG REVC 309 7.25 10 72.47 10 m @ 7.25 g/t Au from 36 m in THRC808 including 2 m
@ 30.15 g/t Au from 41 m
THRC832 77 82 BMAG REVC 309 11.03 5 55.16 5 m @ 11.03 g/t Au from 77 m in THRC832 including 2 m
@ 24.83 g/t Au from 77 m
THRC863 41 46 THO REVC 309 10.46 5 52.32 5 m @ 10.46 g/t Au from 41 m in THRC863 including 1 m
@ 48.9 g/t Au from 41 m
THRC863 60 70 THO REVC 309 3.43 10 34.34 10 m @ 3.43 g/t Au from 60 m in THRC863 including 1 m @
16.7 g/t Au from 68 m *
THRC863 94 101 THO REVC 309 8.14 7 56.98 7 m @ 8.14 g/t Au from 94 m in THRC863 including 2 m @
**13.34 g/t Au from 94 m, 1 m @ 20.5 g/t Au from 99 m ***
THRC864 53 75 THO REVC 309 4.19 22 92.08 22 m @ 4.19 g/t Au from 53 m in THRC864 including 6 m
**@ 9.33 g/t Au from 59 m ***
THRC864 100 105 THO REVC 309 4.65 5 23.27 5 m @ 4.65 g/t Au from 100 m in THRC864 including 2 m @
8.86 g/t Au from 103 m
THRC865 78 92 THO REVC 309 12.05 14 168.75 14 m @ 12.05 g/t Au from 78 m in THRC865 including 8 m
**@ 19.31 g/t Au from 79 m ***
THRC866 48 54 THO REVC 309 7.69 6 46.11 6 m @ 7.69 g/t Au from 48 m in THRC866 including 4 m @
10.92 g/t Au from 48 m
THRC866 96 102 THO REVC 309 21.20 6 127.17 6 m @ 21.2 g/t Au from 96 m in THRC866 including 6 m @
**21.2 g/t Au from 96 m ***
THRC867 52 58 THO REVC 309 5.42 6 32.51 6 m @ 5.42 g/t Au from 52 m in THRC867 including 1 m @
20.8 g/t Au from 52 m
THRCD759 165.87 169 BMAG PCRCDD 309 8.77 3.13 27.46 3.13 m @ 8.77 g/t Au from 165.87 m in THRCD759 including
0.25 m @ 103.5 g/t Au from 165.87 m
THRCD762 113.5 116 BMAG PCRCDD 309 100.92 2.5 252.29 2.5 m @ 100.92 g/t Au from 113.5 m in THRCD762
including 0.8 m @ 312.8 g/t Au from 113.5 m
THRCD763 59 75 BMAG PCRCDD 309 4.10 16 65.57 16 m @ 4.1 g/t Au from 59 m in THRCD763 including 4 m
**@ 6.18 g/t Au from 63 m, 4 m @ 6.45 g/t Au from 69 m ***
THRCD767 189 193 BMAG PCRCDD 309 14.52 4 58.06 4 m @ 14.52 g/t Au from 189 m in THRCD767 including 1
m @ 55 g/t Au from 189 m
THRCD767 201 209 BMAG PCRCDD 309 11.56 8 92.47 8 m @ 11.56 g/t Au from 201 m in THRCD767 including 2
m @ 38 g/t Au from 206 m
THRCD768 146 148 BMAG PCRCDD 309 25.25 2 50.50 2 m @ 25.25 g/t Au from 146 m in THRCD768 including 2
m @ 25.25 g/t Au from 146 m
THRCD768 204 206 BMAG PCRCDD 309 22.00 2 44.00 2 m @ 22 g/t Au from 204 m in THRCD768 including 2 m @
22 g/t Au from 204 m
THRCD769 193 197 BMAG PCRCDD 309 10.77 4 43.07 4 m @ 10.77 g/t Au from 193 m in THRCD769 including 2 m
@ 19.73 g/t Au from 195 m
THRCD769 203 207 BMAG PCRCDD 309 6.30 4 25.19 4 m @ 6.3 g/t Au from 203 m in THRCD769 including 2 m @
10.13 g/t Au from 205 m
THRCD773 135 143 BMAG PCRCDD 309 5.15 8 41.23 8 m @ 5.15 g/t Au from 135 m in THRCD773 including 1 m
@ 29.1 g/t Au from 136 m
THRCD776 40 54 BMAG PCRCDD 309 1.44 14 20.21 14 m @ 1.44 g/t Au from 40 m in THRCD776
THRCD776 113 115 BMAG PCRCDD 309 20.50 2 41.00 2 m @ 20.5 g/t Au from 113 m in THRCD776 including 2 m
@ 20.5 g/t Au from 113 m
THRCD776 128 137 BMAG PCRCDD 309 3.56 9 32.04 9 m @ 3.56 g/t Au from 128 m in THRCD776 including 2 m
@ 10.73 g/t Au from 132 m

47

Gram
Hole ID From
(m)
To
(m)
Company Drill
Type
Prospect Au g/t Interval
Length
(m)
Metre
(g/t x
interval
Gold grade intercept comment
length)
THRCD783 60 72 BMAG PCRCDD 309 5.16 12 61.91 12 m @ 5.16 g/t Au from 60 m in THRCD783 including 5 m
**@ 7.85 g/t Au from 60 m ***
THRCD783 78.4 87 BMAG PCRCDD 309 182.86 8.6 1572.59 8.6 m @ 182.86 g/t Au from 78.4 m in THRCD783 including
**6.6 m @ 237.56 g/t Au from 78.4 m ***
12 m @ 6.07 g/t Au from 92 m in THRCD785 including 3 m
THRCD785 92 104 BMAG PCRCDD 309 6.07 12 72.83 @ 9.97 g/t Au from 97 m, 1 m @ 5.7 g/t Au from 103 m, 1
**m @ 21.2 g/t Au from 93 m ***
THRCD785 126 134 BMAG PCRCDD 309 2.81 8 22.45 8 m @ 2.81 g/t Au from 126 m in THRCD785 including 1 m
@ 5.1 g/t Au from 128 m
THRCD789 88 100 BMAG PCRCDD 309 38.35 12 460.17 12 m @ 38.35 g/t Au from 88 m in THRCD789 including 4
m @ 112.15 g/t Au from 96 m
THRCD789 114 118 BMAG PCRCDD 309 58.01 4 232.03 4 m @ 58.01 g/t Au from 114 m in THRCD789 including 2
m @ 113.95 g/t Au from 115 m
8 m @ 10.89 g/t Au from 129 m in THRCD789 including 2
THRCD789 129 137 BMAG PCRCDD 309 10.89 8 87.14 m @ 36.1 g/t Au from 131 m, 1 m @ 6.17 g/t Au from 136
m
7 m @ 36.09 g/t Au from 143 m in THRCD789 including 2
THRCD789 143 150 BMAG PCRCDD 309 36.09 7 252.61 m @ 117.45 g/t Au from 148 m, 1 m @ 9.45 g/t Au from
143 m
THRCD789 155 166 BMAG PCRCDD 309 4.61 11 50.76 11 m @ 4.61 g/t Au from 155 m in THRCD789 including 2
m @ 8.7 g/t Au from 162 m, 1 m @ 13.8 g/t Au from 158 m
THRCD809 133 135 BMAG PCRCDD 309 10.63 2 21.25 2 m @ 10.63 g/t Au from 133 m in THRCD809 including 2 m
@ 10.63 g/t Au from 133 m
THRCD809 139 143 BMAG PCRCDD 309 9.63 4 38.52 4 m @ 9.63 g/t Au from 139 m in THRCD809 including 2 m
@ 17.3 g/t Au from 139 m
THRCD809 145 150 BMAG PCRCDD 309 6.68 5 33.38 5 m @ 6.68 g/t Au from 145 m in THRCD809 including 1 m
@ 24.4 g/t Au from 146 m
THRCD810 37 48 BMAG PCRCDD 309 3.09 11 33.94 11 m @ 3.09 g/t Au from 37 m in THRCD810 including 1 m
@ 6.55 g/t Au from 42 m, 1 m @ 12.6 g/t Au from 38 m
THRCD811 41 47 BMAG PCRCDD 309 5.53 6 33.20 6 m @ 5.53 g/t Au from 41 m in THRCD811 including 2 m @
11.93 g/t Au from 44 m
THRCD814 60 83 BMAG PCRCDD 309 73.05 23 1680.22 23 m @ 73.05 g/t Au from 60 m in THRCD814 including 23
**m @ 73.05 g/t Au from 60 m ***
THRCD814 108 111 BMAG PCRCDD 309 7.94 3 23.81 3 m @ 7.94 g/t Au from 108 m in THRCD814 including 2 m
@ 11.35 g/t Au from 109 m
THRCD815 32 44 BMAG PCRCDD 309 1.84 12 22.08 12 m @ 1.84 g/t Au from 32 m in THRCD815
19 m @ 33.6 g/t Au from 65 m in THRCD815 including 3 m
THRCD815 65 84 BMAG PCRCDD 309 33.60 19 638.47 @ 14.4 g/t Au from 66 m, 11 m @ 52.74 g/t Au from 72 m
*
THRCD816 55 78 BMAG PCRCDD 309 26.28 23 604.42 23 m @ 26.28 g/t Au from 55 m in THRCD816 including 9
**m @ 63.64 g/t Au from 61 m, 1 m @ 7 g/t Au from 74 m ***
THRCD818 232 238 BMAG PCRCDD 309 8.82 6 52.92 6 m @ 8.82 g/t Au from 232 m in THRCD818 including 3 m
@ 14.98 g/t Au from 232 m
7 m @ 39.14 g/t Au from 169 m in THRCD820 including 1
THRCD820 169 176 BMAG PCRCDD 309 39.14 7 274.00 m @ 168 g/t Au from 175 m, 2 m @ 50.55 g/t Au from 169
m
THRCD821 184 189 BMAG PCRCDD 309 4.39 5 21.97 5 m @ 4.39 g/t Au from 184 m in THRCD821 including 1 m
@ 17 g/t Au from 186 m
THRCD822 207 216 BMAG PCRCDD 309 4.60 9 41.37 9 m @ 4.6 g/t Au from 207 m in THRCD822 including 3 m @
7.4 g/t Au from 208 m, 1 m @ 8.3 g/t Au from 214 m
13 m @ 21.94 g/t Au from 300 m in THRCD822 including 3
THRCD822 300 313 BMAG PCRCDD 309 21.94 13 285.23 m @ 7.15 g/t Au from 309 m, 8 m @ 32.4 g/t Au from 300
m
THRCD823 228 237 BMAG PCRCDD 309 2.36 9 21.27 9 m @ 2.36 g/t Au from 228 m in THRCD823 including 1 m
@ 5.6 g/t Au from 229 m
THRCD824 179 182 BMAG PCRCDD 309 7.40 3 22.20 3 m @ 7.4 g/t Au from 179 m in THRCD824 including 1 m @
18.9 g/t Au from 181 m
THRCD824 325 335 BMAG PCRCDD 309 3.14 10 31.37 10 m @ 3.14 g/t Au from 325 m in THRCD824 including 1 m
@ 9.05 g/t Au from 325 m, 1 m @ 6.05 g/t Au from 329 m
THRCD826 271 274 BMAG PCRCDD 309 108.80 3 326.40 3 m @ 108.8 g/t Au from 271 m in THRCD826 including 2
m @ 162.6 g/t Au from 272 m
THRCD827 320 331 BMAG PCRCDD 309 5.46 11 60.05 11 m @ 5.46 g/t Au from 320 m in THRCD827 including 6

48

Gram
Hole ID From
(m)
To
(m)
Company Drill
Type
Prospect Au g/t Interval
Length
(m)
Metre
(g/t x
interval
Gold grade intercept comment
length)
m @ 8.25 g/t Au from 322 m
THRCD827 357 373 BMAG PCRCDD 309 3.60 16 57.62 16 m @ 3.6 g/t Au from 357 m in THRCD827 including 2 m
@ 12.75 g/t Au from 365 m, 1 m @ 5.8 g/t Au from 370 m
THRCD827 382 396 BMAG PCRCDD 309 11.03 14 154.38 14 m @ 11.03 g/t Au from 382 m in THRCD827 including 5
m @ 27.56 g/t Au from 386 m
THRCD828 103 111 BMAG PCRCDD 309 26.93 8 215.44 8 m @ 26.93 g/t Au from 103 m in THRCD828 including 2
m @ 102.75 g/t Au from 107 m
THRCD828 125 135 BMAG PCRCDD 309 14.20 10 141.95 10 m @ 14.2 g/t Au from 125 m in THRCD828 including 7
m @ 19.39 g/t Au from 126 m
THRCD828 148 154 BMAG PCRCDD 309 5.67 6 34.03 6 m @ 5.67 g/t Au from 148 m in THRCD828 including 3 m
@ 9.53 g/t Au from 149 m
THRCD830 148 154 BMAG PCRCDD 309 6.47 6 38.80 6 m @ 6.47 g/t Au from 148 m in THRCD830 including 1 m
@ 5.75 g/t Au from 149 m, 2 m @ 13.73 g/t Au from 151 m
THRCD830 158 166 BMAG PCRCDD 309 3.80 8 30.38 8 m @ 3.8 g/t Au from 158 m in THRCD830 including 1 m @
10.9 g/t Au from 160 m, 1 m @ 8.45 g/t Au from 158 m
THRCD833 125 131 BMAG PCRCDD 309 5.74 6 34.46 6 m @ 5.74 g/t Au from 125 m in THRCD833 including 2 m
@ 12.58 g/t Au from 129 m, 1 m @ 5.65 g/t Au from 127 m
26 m @ 4.38 g/t Au from 143 m in THRCD833 including 1
THRCD833 143 169 BMAG PCRCDD 309 4.38 26 113.85 m @ 6.6 g/t Au from 167 m, 3 m @ 5.25 g/t Au from 163
m, 5 m @ 10.07 g/t Au from 151 m
THRCD833 170 173 BMAG PCRCDD 309 7.68 3 23.04 3 m @ 7.68 g/t Au from 170 m in THRCD833 including 2 m
@ 10.78 g/t Au from 170 m
THRCD834 132 138 BMAG PCRCDD 309 8.44 6 50.65 6 m @ 8.44 g/t Au from 132 m in THRCD834 including 4 m
@ 11.73 g/t Au from 132 m
4.5 m @ 8.08 g/t Au from 143 m in THRCD834 including 1.9
THRCD834 143 148 BMAG PCRCDD 309 8.08 4.5 36.35 m @ 14.56 g/t Au from 145.6 m, 1 m @ 7.4 g/t Au from 144
m
THRCD834 193 200 BMAG PCRCDD 309 3.85 7 26.93 7 m @ 3.85 g/t Au from 193 m in THRCD834 including 1 m
@ 16.9 g/t Au from 199 m
THRCD837 77 83 BMAG PCRCDD 309 4.05 6 24.29 6 m @ 4.05 g/t Au from 77 m in THRCD837 including 2 m @
8.3 g/t Au from 77 m
THRCD837 102 105 BMAG PCRCDD 309 8.17 3 24.50 3 m @ 8.17 g/t Au from 102 m in THRCD837 including 2 m
@ 11.1 g/t Au from 102 m
THRCD839 108 109 BMAG PCRCDD 309 30.80 1 30.80 1 m @ 30.8 g/t Au from 108 m in THRCD839 including 1 m
@ 30.8 g/t Au from 108 m
THRCD839 134 136 BMAG PCRCDD 309 11.43 2 22.85 2 m @ 11.43 g/t Au from 134 m in THRCD839 including 2 m
@ 11.43 g/t Au from 134 m
THRCD839 140 146 BMAG PCRCDD 309 10.49 6 62.94 6 m @ 10.49 g/t Au from 140 m in THRCD839 including 4
m @ 14.84 g/t Au from 142 m
THRCD840 142.5 149 BMAG PCRCDD 309 6.42 6 38.49 6 m @ 6.42 g/t Au from 142.5 m in THRCD840 including 3
m @ 10.63 g/t Au from 145.5 m
THRCD840 159 167 BMAG PCRCDD 309 3.07 8 24.56 8 m @ 3.07 g/t Au from 159 m in THRCD840 including 1 m
@ 5.75 g/t Au from 160 m, 1 m @ 7.5 g/t Au from 164 m
THRCD840 169 181 BMAG PCRCDD 309 2.77 12 33.28 12 m @ 2.77 g/t Au from 169 m in THRCD840 including 1 m
@ 9.25 g/t Au from 178 m
THRCD842 90 99 THO PCRCDD 309 4.47 9 40.21 9 m @ 4.47 g/t Au from 90 m in THRCD842 including 5 m @
6.94 g/t Au from 90 m
THRCD843 108 117 BMAG PCRCDD 309 15.78 9 142.04 9 m @ 15.78 g/t Au from 108 m in THRCD843 including 6
**m @ 22.92 g/t Au from 109 m ***
THRCD843 172 177 BMAG PCRCDD 309 9.01 5 45.05 5 m @ 9.01 g/t Au from 172 m in THRCD843 including 5 m
@ 9.01 g/t Au from 172 m
THRCD843 227 234 BMAG PCRCDD 309 10.65 7 74.52 7 m @ 10.65 g/t Au from 227 m in THRCD843 including 3
m @ 22.08 g/t Au from 227 m
17 m @ 6.84 g/t Au from 197 m in THRCD844 including 7
THRCD844 197 214 BMAG PCRCDD 309 6.84 17 116.35 m @ 9.61 g/t Au from 206 m, 6 m @ 6.33 g/t Au from 199
m
THRCD846 181 187 THO PCRCDD 309 3.80 6 22.77 6 m @ 3.8 g/t Au from 181 m in THRCD846 including 1 m @
8.74 g/t Au from 186 m, 1 m @ 6.15 g/t Au from 183 m
THRCD846 190 195 THO PCRCDD 309 4.29 5 21.43 5 m @ 4.29 g/t Au from 190 m in THRCD846 including 1 m
@ 13 g/t Au from 191 m
THRCD847 133 139 BMAG PCRCDD 309 11.22 6.4 71.80 6.4 m @ 11.22 g/t Au from 133 m in THRCD847 including 5
m @ 14.16 g/t Au from 133 m

49

Gram
Hole ID From
(m)
To
(m)
Company Drill
Type
Prospect Au g/t Interval
Length
(m)
Metre
(g/t x
interval
Gold grade intercept comment
length)
THRCD847 144.9 155 BMAG PCRCDD 309 3.61 10.1 36.45 10.1 m @ 3.61 g/t Au from 144.9 m in THRCD847 including
2.1 m @ 9.86 g/t Au from 152 m
THRCD847 156 161 BMAG PCRCDD 309 6.72 5 33.62 5 m @ 6.72 g/t Au from 156 m in THRCD847 including 3 m
@ 9.32 g/t Au from 157 m
THRCD847 208 211 BMAG PCRCDD 309 19.10 3 57.30 3 m @ 19.1 g/t Au from 208 m in THRCD847 including 3 m
@ 19.1 g/t Au from 208 m
THRCD848 113 117 BMAG PCRCDD 309 7.89 4 31.56 4 m @ 7.89 g/t Au from 113 m in THRCD848 including 1 m
@ 27.1 g/t Au from 113 m
THRCD848 138 149 BMAG PCRCDD 309 9.09 11 100.00 11 m @ 9.09 g/t Au from 138 m in THRCD848 including 1
m @ 83.15 g/t Au from 140 m
THRCD849 10 14 BMAG PCRCDD 309 5.59 4 22.34 4 m @ 5.59 g/t Au from 10 m in THRCD849 including 1 m @
14.7 g/t Au from 11 m
THRCD856 211 214 THO PCRCDD 309 11.88 3 35.63 3 m @ 11.88 g/t Au from 211 m in THRCD856 including 2 m
@ 17.13 g/t Au from 212 m
THRCD858 298 303 BMAG PCRCDD 309 6.49 5 32.47 5 m @ 6.49 g/t Au from 298 m in THRCD858 including 1.7
m @ 15.45 g/t Au from 300.3 m
THRCD858 344 358 BMAG PCRCDD 309 2.05 14 28.69 14 m @ 2.05 g/t Au from 344 m in THRCD858
THRCD858 360 369 BMAG PCRCDD 309 2.93 9 26.40 9 m @ 2.93 g/t Au from 360 m in THRCD858 including 1 m
@ 8.25 g/t Au from 361 m, 1 m @ 6 g/t Au from 367 m
THRCD859 352 361 BMAG PCRCDD 309 2.26 9 20.38 9 m @ 2.26 g/t Au from 352 m in THRCD859 including 1 m
@ 5.05 g/t Au from 352 m
THRCD859 362 371 BMAG PCRCDD 309 2.42 9 21.79 9 m @ 2.42 g/t Au from 362 m in THRCD859
THRCD861 184.5 189 BMAG PCRCDD 309 35.69 4 142.75 4 m @ 35.69 g/t Au from 184.5 m in THRCD861
THRCD861 190 199 BMAG PCRCDD 309 9.68 9 87.13 9 m @ 9.68 g/t Au from 190 m in THRCD861 including 1 m
@ 8.15 g/t Au from 198 m
THRCD870 185 188 THO PCRCDD 309 12.55 3 37.65 3 m @ 12.55 g/t Au from 185 m in THRCD870 including 3 m
@ 12.55 g/t Au from 185 m
THRCD871 179 184 THO PCRCDD 309 17.15 5 85.77 5 m @ 17.15 g/t Au from 179 m in THRCD871 including 2
m @ 40.42 g/t Au from 180 m
THRCD872 174 175 THO PCRCDD 309 25.30 1 25.30 1 m @ 25.3 g/t Au from 174 m in THRCD872 including 1 m
@ 25.3 g/t Au from 174 m
16 m @ 9.37 g/t Au from 196 m in THRCD873 including 8
THRCD873 196 212 THO PCRCDD 309 9.37 16 149.93 m @ 12.83 g/t Au from 197 m, 1 m @ 37.4 g/t Au from 208
m
THRCD874 109 115 THO PCRCDD 309 5.96 6 35.78 6 m @ 5.96 g/t Au from 109 m in THRCD874 including 3 m
@ 11 g/t Au from 109 m
7 m @ 93.48 g/t Au from 177 m in THRCD875 including 1
THRCD875 177 184 THO PCRCDD 309 93.48 7 654.36 m @ 6.37 g/t Au from 177 m, 3 m @ 214 g/t Au from 180
m
THRCD876 151 152 THO PCRCDD 309 45.50 1 45.50 1 m @ 45.5 g/t Au from 151 m in THRCD876 including 1 m
@ 45.5 g/t Au from 151 m
THRCD892 339 352 THO PCRCDD 309 2.36 13 30.66 13 m @ 2.36 g/t Au from 339 m in THRCD892 including 1 m
@ 5.76 g/t Au from 339 m, 1 m @ 5.63 g/t Au from 347 m
22 m @ 8.23 g/t Au from 146 m in THRCD894 including 1
THRCD894 146 168 THO PCRCDD 309 8.23 22 181.03 m @ 8.11 g/t Au from 162 m, 2 m @ 6.66 g/t Au from 158
m, 8 m @ 17.18 g/t Au from 147 m
THRCD895 142 150 THO PCRCDD 309 4.20 8 33.61 8 m @ 4.2 g/t Au from 142 m in THRCD895 including 3 m @
7.33 g/t Au from 146 m
THRCD895 218 220 THO PCRCDD 309 11.00 2 21.99 2 m @ 11 g/t Au from 218 m in THRCD895 including 2 m @
11 g/t Au from 218 m
THRCD895 228 234 THO PCRCDD 309 12.24 6 73.46 6 m @ 12.24 g/t Au from 228 m in THRCD895 including 5
m @ 14.32 g/t Au from 229 m
THRCD896 135 142 THO PCRCDD 309 3.49 7 24.43 7 m @ 3.49 g/t Au from 135 m in THRCD896 including 2 m
@ 8.5 g/t Au from 135 m
THRCD896 175 176 THO PCRCDD 309 25.90 1 25.90 1 m @ 25.9 g/t Au from 175 m in THRCD896 including 1 m
@ 25.9 g/t Au from 175 m
THRCD906 187 192 THO PCRCDD 309 5.09 5 25.44 5 m @ 5.09 g/t Au from 187 m in THRCD906 including 1 m
@ 6.96 g/t Au from 187 m, 1 m @ 15.4 g/t Au from 191 m
THRCD906 196 207 THO PCRCDD 309 3.39 11 37.33 11 m @ 3.39 g/t Au from 196 m in THRCD906 including 2 m
@ 9.81 g/t Au from 201 m
THRCD908 377 382 THO PCRCDD 309 4.43 5 22.17 5 m @ 4.43 g/t Au from 377 m in THRCD908 including 1 m

50

Gram
Hole ID From
(m)
To
(m)
Company Drill
Type
Prospect Au g/t Interval
Length
(m)
Metre
(g/t x
interval
Gold grade intercept comment
length)
@ 13.1 g/t Au from 379 m
THRCD909 274 285 THO PCRCDD 309 2.94 11 32.35 11 m @ 2.94 g/t Au from 274 m in THRCD909 including 1 m
@ 5.62 g/t Au from 277 m, 1 m @ 10.8 g/t Au from 279 m
THRCD917 139 150 BMAG REVC 309 4.57 11 50.31 11 m @ 4.57 g/t Au from 139 m in THRCD917 including 1 m
@ 6.25 g/t Au from 148 m, 1 m @ 25 g/t Au from 139 m
15 m @ 10.64 g/t Au from 151 m in THRCD917 including 1
THRCD917 151 166 BMAG REVC 309 10.64 15 159.56 m @ 16.8 g/t Au from 159 m, 5 m @ 25.43 g/t Au from 151
m
THRCD919 130 138 BMAG REVC 309 3.98 8 31.81 8 m @ 3.98 g/t Au from 130 m in THRCD919 including 1 m
@ 19.9 g/t Au from 130 m
THRCD920 143 148 BMAG REVC 309 7.82 5 39.09 5 m @ 7.82 g/t Au from 143 m in THRCD920 including 1 m
@ 34.7 g/t Au from 143 m
THRCD920 181 186 BMAG REVC 309 10.32 5.3 54.69 5.3 m @ 10.32 g/t Au from 181 m in THRCD920 including
4.3 m @ 11.99 g/t Au from 182 m
THRCD926 137 143 BMAG REVC 309 3.90 6 23.43 6 m @ 3.9 g/t Au from 137 m in THRCD926 including 1 m @
10 g/t Au from 141 m, 1 m @ 5.79 g/t Au from 137 m
TPCD474 91 92 UNK PCOHDD 309 23.70 1 23.70 1 m @ 23.7 g/t Au from 91 m in TPCD474 including 1 m @
23.7 g/t Au from 91 m
TPCD474 99 104 UNK PCOHDD 309 4.74 5 23.68 5 m @ 4.74 g/t Au from 99 m in TPCD474 including 1 m @
15.2 g/t Au from 103 m
14 m @ 4.02 g/t Au from 169 m in TPCD653 including 1 m
TPCD653 169 183 UNK PCOHDD 309 4.02 14 56.28 @ 6.51 g/t Au from 173 m, 1 m @ 10.9 g/t Au from 182 m,
2 m @ 10.2 g/t Au from 177 m
TPCD653 184 197 UNK PCOHDD 309 3.63 13 47.18 13 m @ 3.63 g/t Au from 184 m in TPCD653 including 1 m
@ 11 g/t Au from 187 m, 2 m @ 9.89 g/t Au from 190 m
TPCD653 201 212 UNK PCOHDD 309 7.94 11 87.33 11 m @ 7.94 g/t Au from 201 m in TPCD653 including 5 m
@ 14.76 g/t Au from 204 m
TPCD654 145 150 UNK PCOHDD 309 12.99 5 64.94 5 m @ 12.99 g/t Au from 145 m in TPCD654 including 1 m
@ 11.7 g/t Au from 145 m, 2 m @ 26.3 g/t Au from 148 m
TPCD655 132 134 UNK PCOHDD 309 75.75 2 151.50 2 m @ 75.75 g/t Au from 132 m in TPCD655 including 2 m
@ 75.75 g/t Au from 132 m
TRC408 72 84 UNK REVC 309 2.46 12 29.48 12 m @ 2.46 g/t Au from 72 m in TRC408 including 2 m @
6.26 g/t Au from 74 m
TRC410 86 90 UNK REVC 309 6.10 4 24.40 4 m @ 6.1 g/t Au from 86 m in TRC410 including 2 m @ 10
g/t Au from 88 m
TRC424 35 37 UNK REVC 309 243.07 2 486.14 2 m @ 243.07 g/t Au from 35 m in TRC424 including 1 m
@ 485 g/t Au from 35 m
TRC434 39 58 UNK REVC 309 1.99 19 37.86 19 m @ 1.99 g/t Au from 39 m in TRC434
TRC611 28 39 UNK REVC 309 6.72 11 73.97 11 m @ 6.72 g/t Au from 28 m in TRC611 including 2 m @
9.81 g/t Au from 28 m, 4 m @ 11.49 g/t Au from 33 m
TRC611 72 74 UNK REVC 309 22.17 2 44.33 2 m @ 22.17 g/t Au from 72 m in TRC611 including 1 m @
42.8 g/t Au from 72 m
TRC614 46 80 UNK REVC 309 18.73 34 636.81 34 m @ 18.73 g/t Au from 46 m in TRC614 including 4 m
@ 8.38 g/t Au from 71 m, 10 m @ 56.79 g/t Au from 59 m
TRC620 63 70 UNK REVC 309 2.92 7 20.43 7 m @ 2.92 g/t Au from 63 m in TRC620 including 1 m @
10.8 g/t Au from 64 m
TRC680 57 69 UNK REVC 309 20.54 12 246.51 12 m @ 20.54 g/t Au from 57 m in TRC680 including 5 m
@ 45.79 g/t Au from 59 m
TRC683 64 98.4 UNK REVC 309 71.24 34.4 2450.59 34.4 m @ 71.24 g/t Au from 64 m in TRC683 including 21
**m @ 115.56 g/t Au from 67 m ***
14 m @ 4.8 g/t Au from 84 m in TRC692 including 1 m @
TRC692 84 98 UNK REVC 309 4.80 14 67.16 23.6 g/t Au from 93 m, 1 m @ 5.22 g/t Au from 86 m, 1 m
@ 7.42 g/t Au from 90 m
TRC703 73 83 UNK REVC 309 3.07 10 30.70 10 m @ 3.07 g/t Au from 73 m in TRC703 including 1 m @
6.66 g/t Au from 76 m, 1 m @ 5.08 g/t Au from 73 m
TRC705 82 85 UNK REVC 309 9.25 3 27.76 3 m @ 9.25 g/t Au from 82 m in TRC705 including 2 m @
13.25 g/t Au from 83 m
TRC718 33 38 PLUT REVC 309 4.25 5 21.26 5 m @ 4.25 g/t Au from 33 m in TRC718 including 1 m @
12.1 g/t Au from 37 m
14 m @ 6.47 g/t Au from 77 m in TRC719 including 4 m @
TRC719 77 91 UNK REVC 309 6.47 14 90.61 6.83 g/t Au from 78 m, 2 m @ 19.95 g/t Au from 87 m, 1 m
**@ 6.48 g/t Au from 85 m ***

51

Gram
Hole ID From
(m)
To
(m)
Company Drill
Type
Prospect Au g/t Interval
Length
(m)
Metre
(g/t x
interval
Gold grade intercept comment
length)
TRC721 48 56 UNK REVC 309 6.45 8 51.59 8 m @ 6.45 g/t Au from 48 m in TRC721 including 2 m @
21 g/t Au from 49 m
TRC721 57 63 UNK REVC 309 5.53 6 33.20 6 m @ 5.53 g/t Au from 57 m in TRC721 including 1 m @ 21
g/t Au from 59 m
TRCD384 31 44 UNK PCRCDD 309 4.22 13 54.81 13 m @ 4.22 g/t Au from 31 m in TRCD384 including 4 m
@ 6.95 g/t Au from 37 m, 1 m @ 6.16 g/t Au from 35 m
TRCD384 81 84 UNK PCRCDD 309 7.78 3 23.33 3 m @ 7.78 g/t Au from 81 m in TRCD384 including 2 m @
10.57 g/t Au from 82 m
27 m @ 7.34 g/t Au from 100 m in TRCD384 including 6 m
TRCD384 100 127 UNK PCRCDD 309 7.34 27 198.05 @ 15.45 g/t Au from 103 m, 1 m @ 14.3 g/t Au from 113
m, 1 m @ 6.18 g/t Au from 118 m, 1 m @ 9.84 g/t Au from
110 m, 4 m @ 10.73 g/t Au from 123 m
TRCD384 128 135 UNK PCRCDD 309 5.70 7 39.88 7 m @ 5.7 g/t Au from 128 m in TRCD384 including 5 m @
6.96 g/t Au from 130 m
TRCD385 42 53 UNK PCRCDD 309 7.12 11 78.30 11 m @ 7.12 g/t Au from 42 m in TRCD385 including 2 m
@ 7.67 g/t Au from 47 m, 1 m @ 46.1 g/t Au from 42 m
TRCD411 131 137 UNK PCRCDD 309 10.30 6 61.78 6 m @ 10.3 g/t Au from 131 m in TRCD411 including 6 m
@ 10.3 g/t Au from 131 m
TRCD411 139 147 UNK PCRCDD 309 3.97 8 31.75 8 m @ 3.97 g/t Au from 139 m in TRCD411 including 2 m @
5.99 g/t Au from 140 m
TRCD428 95 100 UNK PCRCDD 309 8.47 5 42.34 5 m @ 8.47 g/t Au from 95 m in TRCD428 including 1 m @
18.5 g/t Au from 99 m, 1 m @ 16.2 g/t Au from 95 m
TRCD428 141 151 UNK PCRCDD 309 2.26 10 22.64 10 m @ 2.26 g/t Au from 141 m in TRCD428 including 1 m
@ 5.42 g/t Au from 143 m
TRCD428 153 162 UNK PCRCDD 309 2.63 9 23.71 9 m @ 2.63 g/t Au from 153 m in TRCD428 including 3 m @
5.29 g/t Au from 153 m
TRCD429 148 156 UNK PCRCDD 309 2.53 8 20.26 8 m @ 2.53 g/t Au from 148 m in TRCD429 including 1 m @
6.51 g/t Au from 152 m
TRCD432 108 110 UNK PCRCDD 309 79.05 2 158.10 2 m @ 79.05 g/t Au from 108 m in TRCD432 including 2 m
@ 79.05 g/t Au from 108 m
TRCD432 125 134 UNK PCRCDD 309 7.47 9 67.27 9 m @ 7.47 g/t Au from 125 m in TRCD432 including 3 m
@ 18.23 g/t Au from 128 m
TRCD432 137 142 UNK PCRCDD 309 6.24 5 31.19 5 m @ 6.24 g/t Au from 137 m in TRCD432 including 2 m @
11.8 g/t Au from 138 m
TRCD618 109 118 UNK PCRCDD 309 14.52 9 130.71 9 m @ 14.52 g/t Au from 109 m in TRCD618 including 5 m
@ 25.23 g/t Au from 113 m
TRCD684 102 111 UNK PCRCDD 309 6.43 9 57.83 9 m @ 6.43 g/t Au from 102 m in TRCD684 including 7 m
**@ 7.88 g/t Au from 104 m ***
TRCD684 114 118 UNK PCRCDD 309 6.05 4 24.20 4 m @ 6.05 g/t Au from 114 m in TRCD684 including 3 m @
7.01 g/t Au from 114 m
10 m @ 12.01 g/t Au from 167 m in TRCD698 including 3
TRCD698 167 177 UNK PCRCDD 309 12.01 10 120.10 m @ 31.57 g/t Au from 168 m, 1 m @ 13.5 g/t Au from 175
m
17 m @ 317.4 g/t Au from 222 m in TRCD728 including 5
TRCD728 222 239 PLUT PCRCDD 309 317.40 17 5395.88 m @ 1036.6 g/t Au from 222 m, 4 m @ 49.03 g/t Au from
230 m
TRCD729 252 259 PLUT PCRCDD 309 6.30 7 44.08 7 m @ 6.3 g/t Au from 252 m in TRCD729 including 4 m @
10.33 g/t Au from 252 m
TRCD730 189 195 PLUT PCRCDD 309 4.20 6 25.18 6 m @ 4.2 g/t Au from 189 m in TRCD730 including 1 m @
5.5 g/t Au from 189 m, 2 m @ 8.6 g/t Au from 191 m
TRCD730 338 341 PLUT PCRCDD 309 16.60 3 49.79 3 m @ 16.6 g/t Au from 338 m in TRCD730 including 1 m @
48 g/t Au from 338 m
TRCD732 359 360 PLUT PCRCDD 309 108.00 1 108.00 1 m @ 108 g/t Au from 359 m in TRCD732 including 1 m @
108 g/t Au from 359 m
TRCD737 247 249 PLUT PCRCDD 309 71.75 2 143.50 2 m @ 71.75 g/t Au from 247 m in TRCD737 including 2 m
@ 71.75 g/t Au from 247 m
TRCD740 208 210 PLUT PCRCDD 309 12.52 2 25.03 2 m @ 12.52 g/t Au from 208 m in TRCD740 including 1 m
@ 21.2 g/t Au from 208 m
TRCD743 144 159 PLUT PCRCDD 309 1.55 15 23.30 15 m @ 1.55 g/t Au from 144 m in TRCD743
TRCD743 168 188 PLUT PCRCDD 309 2.48 20 49.65 20 m @ 2.48 g/t Au from 168 m in TRCD743 including 1 m
@ 11.6 g/t Au from 180 m
TRCD748 172 174 PLUT PCRCDD 309 22.80 2 45.60 2 m @ 22.8 g/t Au from 172 m in TRCD748 including 2 m @

52

Gram
Hole ID From
(m)
To
(m)
Company Drill
Type
Prospect Au g/t Interval
Length
(m)
Metre
(g/t x
interval
Gold grade intercept comment
length)
22.8 g/t Au from 172 m
TRCD755 368 370 UNK PCRCDD 309 18.66 2 37.31 2 m @ 18.66 g/t Au from 368 m in TRCD755 including 1 m
@ 36.3 g/t Au from 369 m
13 m @ 5.46 g/t Au from 304 m in TRCD756 including 1 m
TRCD756 304 317 UNK PCRCDD 309 5.46 13 70.96 @ 9.84 g/t Au from 310 m, 2 m @ 8 g/t Au from 315 m, 4
m @ 8.86 g/t Au from 305 m
14 m @ 10.59 g/t Au from 320 m in TRCD756 including 1
TRCD756 320 334 UNK PCRCDD 309 10.59 14 148.26 m @ 5.22 g/t Au from 326 m, 1 m @ 15.5 g/t Au from 333
m, 3 m @ 36.39 g/t Au from 321 m

Table 6; 309 Deposit Surface Drilling Downhole Intersection Summary Table.

Gold grade intercepts from Lone Sister Resource Drilling

1 g/t Minimum grade cut off with up to 2 m internal dilution at an average grade of 0.2 g/t (High grade intercept - 5 g/t Minimum grade cut off with up to 2 m internal dilution at an average grade of 0.2 g/t) All intercepts are presented as intersection widths

NIS - No Significant Intersection

  • Some of denoted interval may have been mined

Gram Metre > 1000 Gram Metre 100 to 1000 Gram Metre 50 to 100 Gram Metre 20 to 50

Gram
F T Dill A Interval Metre
Hole ID rom o Company r Prospect u Length (g/t x Gold grade intercept comment
(m) (m) Type g/t (m) interval
length)
LRC176 102 112 THO REVC Lone 10 m @ 9.22 g/t Au from 102 m in LRC176 including 8 m @
Sister 9.22 10 92.22 11.19 g/t Au from 104 m
LRC180 19 23 THO REVC Lone 12.60 4 50.38 4 m @ 12.6 g/t Au from 19 m in LRC180 including 2 m @
Sister 24.13g/t Au from 20 m
Lone 29 m @ 3.33 g/t Au from 291 m in LRCD011 including 1 m @
LRCD011 291 320 PLUT PCRCDD 3.33 29 96.53 5.97 g/t Au from 318 m, 1 m @ 6.65 g/t Au from 292 m, 2 m
Sister
@ 17.89g/t Au from 299 m, 1 m@ 5.93g/t Au from 312 m
LRCD011 321 332 PLUT PCRCDD Lone 11 m @ 6.3 g/t Au from 321 m in LRCD011 including 2 m @
Sister 6.30 11 69.32 25.3g/t Au from 324 m
LRCD012 278 288 MET PCRCDD Lone 3.85 10 38.46 10 m @ 3.85 g/t Au from 278 m in LRCD012 including 1 m @
Sister 19.2g/t Au from 278 m,1 [email protected]/t Au from 285 m
LRCD012 297 306 MET PCRCDD Lone 9 m @ 2.34 g/t Au from 297 m in LRCD012 including 1 m @
Sister 2.34 9 21.10 5.86g/t Au from 303 m
15 m @ 4.27 g/t Au from 322 m in LRCD012 including 2 m @
LRCD012 322 337 MET PCRCDD Lone 4.27 15 64.06 5.67 g/t Au from 328 m, 1 m @ 8.33 g/t Au from 336 m, 2 m
Sister
@ 13.13g/t Au from 323 m
LRCD012 344 354 MET PCRCDD Lone 5.44 10 54.44 10 m @ 5.44 g/t Au from 344 m in LRCD012 including 3 m @
Sister 13.28g/t Au from 346 m, 1 m@ 5.02g/t Au from 344 m
LRCD015 143 159 PLUT PCRCDD Lone 16 m @ 3.03 g/t Au from 143 m in LRCD015 including 3 m @
Sister 3.03 16 48.42 8.21g/t Au from 146 m
Lone 34 m @ 39.1 g/t Au from 212 m in LRCD015 including 14 m @
LRCD015 212 246 PLUT PCRCDD 39.10 34 1329.34 86.31 g/t Au from 222 m, 4 m @ 7.41 g/t Au from 212 m, 4 m
Sister
@ 14.08g/t Au from 241 m, 1 m@ 8.27g/t Au from 237 m
LRCD039 194 200 PLUT PCRCDD Lone 3.87 6 23.22 6 m @ 3.87 g/t Au from 194 m in LRCD039 including 1 m @
Sister 13.4g/t Au from 199 m
LRCD039 237 242 PLUT PCRCDD Lone 4.25 5 21.27 5 m @ 4.25 g/t Au from 237 m in LRCD039 including 2 m @
Sister 5.59g/t Au from 238 m
LRCD041 215 217 PLUT PCRCDD Lone 13.68 2 27.36 2 m @ 13.68 g/t Au from 215 m in LRCD041 including 2 m @
Sister 13.68g/t Au from 215 m
LRCD057 30 32 PLUT PCRCDD Lone 2 m @ 15.6 g/t Au from 30 m in LRCD057 including 1 m @
Sister 15.60 2 31.20 28.2 g/t Au from 30 m

53

Gram
From To Drill Au Interval Metre
Hole ID Company Prospect Length (g/t x Gold grade intercept comment
(m) (m) Type g/t
(m) interval
length)
LRCD057 125 155 PLUT PCRCDD Lone 2.98 30 89.26 30 m @ 2.98 g/t Au from 125 m in LRCD057 including 1 m @
Sister 15 g/t Au from 126 m
LRCD057 172 173 PLUT PCRCDD Lone 53.75 1 53.75 1 m @ 53.75 g/t Au from 172 m in LRCD057 including 1 m @
Sister 53.75g/t Au from 172 m
LRCD057 177 188 PLUT PCRCDD Lone 11 m @ 29.48 g/t Au from 177 m in LRCD057 including 10 m
Sister 29.48 11 324.23 @ 32.21g/t Au from 177 m
LRCD057 191 199 PLUT PCRCDD Lone 2.75 8 22.03 8 m @ 2.75 g/t Au from 191 m in LRCD057 including 1 m @
Sister 9.46g/t Au from 198 m
LRCD058 189 202 PLUT PCRCDD Lone 6.17 13 80.19 13 m @ 6.17 g/t Au from 189 m in LRCD058 including 2 m @
Sister 24.02g/t Au from 194 m, 1 m@ 6.8g/t Au from 191 m
LRCD063 182 192 PLUT PCRCDD Lone 4.78 10 47.78 10 m @ 4.78 g/t Au from 182 m in LRCD063 including 3 m @
Sister 11.98g/t Au from 183 m
LRCD063 247 265 PLUT PCRCDD Lone 15.78 18 284.05 18 m @ 15.78 g/t Au from 247 m in LRCD063 including 5 m @
Sister 11.02g/t Au from 259 m, 11 m@ 20.32g/t Au from 247 m
LRCD064 85 101 PLUT PCRCDD Lone 5.60 16 89.52 16 m @ 5.6 g/t Au from 85 m in LRCD064 including 1 m @
Sister 5.71g/t Au from 98 m, 5 m@ 13.34g/t Au from 91 m
LRCD064 103 107 PLUT PCRCDD Lone 6.33 4 25.33 4 m @ 6.33 g/t Au from 103 m in LRCD064 including 1 m @
Sister 14.3g/t Au from 106 m,1 [email protected]/t Au from 103 m
LRCD065 128 138 PLUT PCRCDD Lone 10 m @ 5.83 g/t Au from 128 m in LRCD065 including 1 m @
Sister 5.83 10 58.29 25.3g/t Au from 137 m, 3 m@ 8.48g/t Au from 128 m
LRCD065 225 232 PLUT PCRCDD Lone 5.50 7 38.50 7 m @ 5.5 g/t Au from 225 m in LRCD065 including 2 m @
Sister 15.05g/t Au from 225 m
LRCD066 290 297 PLUT PCRCDD Lone 7 m @ 3.73 g/t Au from 290 m in LRCD066 including 1 m @
Sister 3.73 7 26.13 15.5g/t Au from 291 m
LRCD066 321 338 PLUT PCRCDD Lone 1.82 17 31.01 17 m @ 1.82 g/t Au from 321 m in LRCD066
Sister
13 m @ 4.27 g/t Au from 401 m in LRCD066 including 1 m @
LRCD066 401 414 PLUT PCRCDD Lone 4.27 13 55.50 7.6 g/t Au from 403 m, 2 m @ 10.3 g/t Au from 411 m, 1 m @
Sister
11.2g/t Au from 405 m
LRCD066 416 421 PLUT PCRCDD Lone 5.94 5 29.68 5 m @ 5.94 g/t Au from 416 m in LRCD066 including 1 m @
Sister 23.1g/t Au from 419 m
LRCD071 303 306 PLUT PCRCDD Lone 33.07 3 99.20 3 m @ 33.07 g/t Au from 303 m in LRCD071 including 3 m @
Sister 33.07g/t Au from 303 m
LRCD095 260 269 PLUT PCRCDD Lone 2.65 9 23.85 9 m @ 2.65 g/t Au from 260 m in LRCD095 including 1 m @ 5
Sister g/t Au from 263 m
LRCD121 91 94 PLUT PCRCDD Lone 10.23 3 30.70 3 m @ 10.23 g/t Au from 91 m in LRCD121 including 2 m @
Sister 14.85g/t Au from 91 m
LRCD121 112 117 PLUT PCRCDD Lone 5 m @ 4.93 g/t Au from 112 m in LRCD121 including 1 m @
Sister 4.93 5 24.66 15.64g/t Au from 114 m
LRCD122 215 228.7 PLUT PCRCDD Lone 2.32 13.7 31.73 13.7 m @ 2.32 g/t Au from 215 m in LRCD122 including 1 m @
Sister 6.15g/t Au from 225 m
LRCD132 116 120 HOM PCRCDD Lone 4 m @ 5.15 g/t Au from 116 m in LRCD132 including 2 m @
Sister 5.15 4 20.58 7.2g/t Au from 117 m
LRCD134 70 72 HOM PCRCDD Lone 20.61 2 41.21 2 m @ 20.61 g/t Au from 70 m in LRCD134 including 2 m @
Sister 20.61g/t Au from 70 m
LRCD134 77 86 HOM PCRCDD Lone 9 m @ 4.55 g/t Au from 77 m in LRCD134 including 2 m @
Sister 4.55 9 40.99 14.65g/t Au from 78 m
LRCD134 116 136 HOM PCRCDD Lone 2.15 20 42.98 20 m @ 2.15 g/t Au from 116 m in LRCD134
Sister
LRCD135 247 253 HOM PCRCDD Lone 8.32 6 49.89 6 m @ 8.32 g/t Au from 247 m in LRCD135 including 2 m @
Sister 19.75g/t Au from 247 m
LRCD140 265 277 HOM PCRCDD Lone 4.13 12 49.51 12 m @ 4.13 g/t Au from 265 m in LRCD140 including 4 m @
Sister 8.56g/t Au from 273 m,1 [email protected]/t Au from 270 m
LRCD140 284 290 HOM PCRCDD Lone 4.30 6 25.80 6 m @ 4.3 g/t Au from 284 m in LRCD140 including 2 m @
Sister 7.52g/t Au from 286 m
LRCD140 295 306 HOM PCRCDD Lone 1.98 11 21.81 11 m @ 1.98 g/t Au from 295 m in LRCD140
Sister
LRCD140 308 311 HOM PCRCDD Lone 10.29 3 30.88 3 m @ 10.29 g/t Au from 308 m in LRCD140 including 3 m @
Sister 10.29g/t Au from 308 m
LRCD141 181 189 BMAG PCRCDD Lone 8 m @ 2.77 g/t Au from 181 m in LRCD141 including 1 m @
Sister 2.77 8 22.12 7.45g/t Au from 185 m
LRCD143 140 157 BMAG PCRCDD Lone 13.13 17 223.24 17 m @ 13.13 g/t Au from 140 m in LRCD143 including 1 m @

54

Gram
From To Drill Au Interval Metre
Hole ID Company Prospect Length (g/t x Gold grade intercept comment
(m) (m) Type g/t
(m) interval
length)
Sister 8.35 g/t Au from 140 m, 2 m @ 49.25 g/t Au from 150 m, 1 m
@ 11.2 g/t Au from 147 m, 1 m @ 77.7 g/t Au from 155 m
LRCD144 209 218 BMAG PCRCDD Lone 7.12 9 64.09 9 m @ 7.12 g/t Au from 209 m in LRCD144 including 1 m @
Sister 24.4g/t Au from 216 m, 3 m@ 10.63g/t Au from 209 m
LRCD145 129 140 BMAG PCRCDD Lone 11 m @ 6.47 g/t Au from 129 m in LRCD145 including 3 m @
Sister 6.47 11 71.12 16.47g/t Au from 135 m
Lone 12 m @ 4.11 g/t Au from 153 m in LRCD145 including 1 m @
LRCD145 153 165 BMAG PCRCDD 4.11 12 49.36 11.8 g/t Au from 163 m, 1 m @ 11.7 g/t Au from 156 m, 1 m @
Sister
5.25g/t Au from 160 m
LRCD146 88 92 BMAG PCRCDD Lone 13.19 4 52.77 4 m @ 13.19 g/t Au from 88 m in LRCD146 including 2 m @
Sister 25.3g/t Au from 90 m
LRCD146 154 161 BMAG PCRCDD Lone 7 m @ 5.1 g/t Au from 154 m in LRCD146 including 1 m @
Sister 5.10 7 35.68 21.1g/t Au from 156 m,1 [email protected]/t Au from 154 m
LRCD146 165 173 BMAG PCRCDD Lone 6.48 8 51.86 8 m @ 6.48 g/t Au from 165 m in LRCD146 including 4 m @
Sister 11.71g/t Au from 169 m
LRCD146 203 208 BMAG PCRCDD Lone 5 m @ 4.32 g/t Au from 203 m in LRCD146 including 1 m @
Sister 4.32 5 21.62 11.8g/t Au from 203 m
LRCD147 101 126 BMAG PCRCDD Lone 3.41 25 85.27 25 m @ 3.41 g/t Au from 101 m in LRCD147 including 2 m @
Sister 10.85g/t Au from 113 m, 4 m@ 6.9g/t Au from 118 m
LRCD147 143 144 BMAG PCRCDD Lone 29.10 1 29.10 1 m @ 29.1 g/t Au from 143 m in LRCD147 including 1 m @
Sister 29.1g/t Au from 143 m
LRCD147 149 158 BMAG PCRCDD Lone 3.00 9 27.02 9 m @ 3 g/t Au from 149 m in LRCD147 including 1 m @ 11.8
Sister g/t Au from 152 m
L 16 m @ 5.19 g/t Au from 174 m in LRCD147 including 1 m @
LRCD147 174 190 BMAG PCRCDD one 5.19 16 83.05 5.75 g/t Au from 183 m, 4 m @ 10.21 g/t Au from 176 m, 3 m
i
Sster @ 6.97g/t Au from 186 m
14 m @ 12.11 g/t Au from 177 m in LRCD148 including 6 m @
LRCD148 177 191 BMAG PCRCDD Lone 12.11 14 169.59 19.03 g/t Au from 180 m, 1 m @ 8.45 g/t Au from 177 m, 1 m
Sister
@ 37.4g/t Au from 187 m
Lone 18 m @ 5.38 g/t Au from 243 m in LRCD150 including 1 m @
LRCD150 243 261 BMAG PCRCDD 5.38 18 96.92 23.1 g/t Au from 257 m, 1 m @ 5.8 g/t Au from 244 m, 1 m @
Sister
36.8g/t Au from 246 m
LRCD150 294 303 BMAG PCRCDD Lone 2.77 9 24.93 9 m @ 2.77 g/t Au from 294 m in LRCD150 including 1 m @
Sister 6.55g/t Au from 294 m
LRCD151 283 288 BMAG PCRCDD Lone 21.14 5 105.71 5 m @ 21.14 g/t Au from 283 m in LRCD151 including 4 m @
Sister 25.95g/t Au from 283 m
Lone 7 m @ 4.62 g/t Au from 298 m in LRCD151 including 1 m @
LRCD151 298 305 BMAG PCRCDD 4.62 7 32.34 5.1 g/t Au from 300 m, 1 m @ 8.4 g/t Au from 298 m, 1 m @
Sister
12.5g/t Au from 302 m
Lone 17 m @ 6.37 g/t Au from 245 m in LRCD152 including 1 m @
LRCD152 245 262 BMAG PCRCDD 6.37 17 108.25 5.6 g/t Au from 259 m, 2 m @ 36.3 g/t Au from 247 m, 1 m @
Sister
6.25g/t Au from 254 m
LRCD152 270 283 BMAG PCRCDD Lone 6.92 13 89.97 13 m @ 6.92 g/t Au from 270 m in LRCD152 including 5 m @
Sister 15.39g/t Au from 272 m
LRCD152 284 297 BMAG PCRCDD Lone 3.00 13 39.05 13 m @ 3 g/t Au from 284 m in LRCD152 including 1 m @ 12.4
Sister g/t Au from 292 m
LRCD152 299 320 BMAG PCRCDD Lone 2.67 21 56.05 21 m @ 2.67 g/t Au from 299 m in LRCD152 including 2 m @
Sister 6.8g/t Au from 313 m
LRCD153 329 337 BMAG PCRCDD Lone 8 m @ 2.56 g/t Au from 329 m in LRCD153 including 1 m @
Sister 2.56 8 20.47 11.1g/t Au from 330 m
LRCD154 218 229 BMAG PCRCDD Lone 23.44 11 257.88 11 m @ 23.44 g/t Au from 218 m in LRCD154 including 5 m @
Sister 49.5g/t Au from 220 m
LRCD156 203 209 BMAG PCRCDD Lone 6.59 6 39.56 6 m @ 6.59 g/t Au from 203 m in LRCD156 including 1 m @
Sister 5.32g/t Au from 208 m,1 [email protected]/t Au from 204 m
LRCD156 215 222 BMAG PCRCDD Lone 3.30 7 23.10 7 m @ 3.3 g/t Au from 215 m in LRCD156 including 2 m @
Sister 6.88g/t Au from 215 m
LRCD157 185 191 BMAG PCRCDD Lone 6.06 6 36.36 6 m @ 6.06 g/t Au from 185 m in LRCD157 including 1 m @
Sister 19.8g/t Au from 185 m
LRCD157 209 220 BMAG PCRCDD Lone 11.13 11 122.38 11 m @ 11.13 g/t Au from 209 m in LRCD157 including 8 m @
Sister 14.34g/t Au from 210 m
LRCD157 222 233 BMAG PCRCDD Lone 15.49 11 170.42 11 m @ 15.49 g/t Au from 222 m in LRCD157 including 7 m @
Sister 22.17 g/t Au from 222 m, 1 m @ 8.05 g/t Au from 232 m

55

Gram
From To Drill Au Interval Metre
Hole ID Company Prospect Length (g/t x Gold grade intercept comment
(m) (m) Type g/t
(m) interval
length)
LRCD158 257 261 BMAG PCRCDD Lone 4 m @ 5.45 g/t Au from 257 m in LRCD158 including 4 m @
Sister 5.45 4 21.80 5.45 g/t Au from 257 m
LRCD159 161 179 BMAG PCRCDD Lone 3.93 18 70.71 18 m @ 3.93 g/t Au from 161 m in LRCD159 including 1 m @
Sister 5.95g/t Au from 171 m, 4 m@ 9.44g/t Au from 174 m
LRCD160 126 131 BMAG PCRCDD Lone 4.20 5 21.00 5 m @ 4.2 g/t Au from 126 m in LRCD160 including 1 m @ 17
Sister g/t Au from 126 m
LRCD160 166 170 BMAG PCRCDD Lone 5.66 4 22.62 4 m @ 5.66 g/t Au from 166 m in LRCD160 including 1 m @
Sister 14.6g/t Au from 167 m
LRCD161 252 263 BMAG PCRCDD Lone 2.20 11 24.15 11 m @ 2.2 g/t Au from 252 m in LRCD161 including 1 m @
Sister 7.25g/t Au from 255 m
LRCD161 267 272 BMAG PCRCDD Lone 4.04 5 20.22 5 m @ 4.04 g/t Au from 267 m in LRCD161 including 1 m @
Sister 10.3g/t Au from 267 m
LRCD161 279 285 BMAG PCRCDD Lone 5.61 6 33.67 6 m @ 5.61 g/t Au from 279 m in LRCD161 including 3 m @
Sister 9.67g/t Au from 282 m
LRCD168 290 303 BMAG PCRCDD Lone 3.44 13 44.75 13 m @ 3.44 g/t Au from 290 m in LRCD168 including 3 m @
Sister 9.65g/t Au from 290 m
LRCD168 304 311 BMAG PCRCDD Lone 3.50 7 24.48 7 m @ 3.5 g/t Au from 304 m in LRCD168 including 1 m @ 8
Sister g/t Au from 310 m,1 [email protected]/t Au from 306 m
LRCD168 380 384 BMAG PCRCDD Lone 4 m @ 10.53 g/t Au from 380 m in LRCD168 including 2 m @
Sister 10.53 4 42.10 19.5 g/t Au from 380 m

Table 7; Lone Sister Deposit Surface Drilling Downhole Intersection Summary Table.

56