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GOLDARC RESOURCES LIMITED Capital/Financing Update 2020

Jul 26, 2020

64961_rns_2020-07-26_503867e9-abec-4b6a-a87c-538961d38d0e.pdf

Capital/Financing Update

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ASX / MEDIA ANNOUNCEMENT 27 July 2020

ABN: 72 002 261 565

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High grade results returned from Diorite sampling programme

Highlights:

  • Diorite rock chip sampling program returns high grade results including:

  • 21 g/t gold and 2.10 g/t silver from the historic Unexpected mine dump

  • 9.04 g/t gold and 9.59 g/t silver from the historic Unexpected mine (in‐situ)

  • 6.09 g/t gold from the historic Unexpected mine (in‐situ)

  • 7.49 g/t gold and 0.96 g/t silver from the historic Diorite King shaft (in‐situ)

  • Diorite soil sampling program returns high grade results up to 5.52 g/t gold from the Kiora/Meteor historic mine area

  • High grade results found in the vicinity of the historic 73 g/t Diorite King mine

  • Prospective areas to be followed up during the upcoming drilling campaign

  • Drilling across the Mt Stirling Gold Project to begin in Q3 2020

  • Desktop work on the Mt Monger project is ongoing

  • Drilling scheduled to commence at Zuleika by the end of July

Torian Resources Limited ( Torian or the Company ) is pleased to release the results of its June 2020 rock chip and soil sampling programme on its 100% owned Diorite Block. Excellent high grade gold results have been returned from soils and rock chip samples.

Torian Executive Director Mr Peretz Schapiro said, “ Our recent reconnaissance soil and rock chip sampling programme has now produced a cluster of large gold anomalies within the Diorite Block. Of particular encouragement, is the fact that most of the higher-grade rock chip and soil results were sourced in the vicinity of the historic 73 g/t Diorite King mine [grade sourced from Mindat.org] and other adjacent historic producing mines (Table 1 and Figure 11).

These assays increase our confidence that we are looking in the right areas, with our next task to vector in on the zones that contain higher grade gold.

The collation of the current programme; geological reconnaissance and mapping recently completed and historic soil and rock chip samples; now provide Torian’s geological team with a pathway forward to define exploration targets and commence an exploration drilling programme once permits are granted. We aim to begin drilling at the Diorite Block in Q4 2020.

With almost 13 Moz in resource located within our immediate neighbourhood and across Red 5’s King of the Hills, St Barbara’s Gwalia and Saracen’s Thunderbox mines, all , we are confident that this Leonora region is a great location to be pursuing new major discoveries. We intend to undertake a systematic exploration approach across the entire project area.

We look forward to keeping the market updated on progress.”

Exploration Planning

The Company’s geological team will now begin to plan an initial drilling campaign on the Diorite Block. The soil and rock chip samples will be used in conjunction with gold path-finder elements including arsenic, bismuth, molybdenum, tellurium, antinomy and tungsten to define drill targets over the Diorite Block.

Further details as to the precise nature of the campaign will be announced to the market in due course.

Table 1. Historical gold production and grade from mines in the Diorite King area.

Mine Production Period Production Period Ore
(tonnes)		 Average Gold
Grade (g/t)		 Gold Produced
(ounces)
From To
Diorite King 1897 1922 1134 73 2,917
Young Australian 1897 1899 116.34 34.3 140
Kiora 1900 1901 87.38 22 69.5
Lady Mae 1902 1905 95 23.3 81.5
Meteor 1902 1906 88.4 11 34.2
Rose of Diorite 1908 1908 189 18.7 124.5
Diorite Queen 1909 1909 146.4 9.8 50.8
Unexpected 1922 1923 119.38 47.2 198.9
Wotan 1937 1938 100 73 257.8

Source: Mindat.org

Diorite Block – Soil Sampling Results

A total of 157 soil samples were collected from the Diorite Block. High grade gold assay values of 5.52 g/t Au (DIS002) and 3.2 g/t Au (DIS001) were collected adjacent to the historic Kiora and Meteor mines. A total of 89 soil samples returned anomalous gold values > 5 ppb.

Figures 1 and 2 (below) show combined soil sample locations from June 2020 (157 samples) and historically (268 samples) over geochemical imagery of gold and arsenic in soils respectively. Figure 2 demonstrates that gold path finder element arsenic (As) correlates moderately with the gold in soil samples.

2

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Figure 1. Geochemical gold in soils heat map showing soil sample locations collected in 2020 and historically.

3

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Figure 2. Geochemical arsenic in soils heat map showing soil sample locations collected in 2020 and historically.

4

Soil sample assay results >= 40ppb collected by the Company in June 2020 are shown in Table 2; all assay results are tabulated at Appendix A.

Table 2. Soil assay results >= 40ppb Au

Gold Pathfinder Elements
Au
Ag		 As
Bi
Mo
Te
Sb
W
Sample ppb
**g/t **		 ppm
ppm
ppm
ppm
ppm
**ppm **
DIS002
DIS001
DIS110
DIS107
DIS005
DIS075
DIS033
DIS003
DIS042
DIS034
DIS004
DIS009
DIS056
DIS010		 5520
0.32		 3.1
0.26
0.53
0.06
0.15
0.28
2300
0.12		 2.1
2.28
0.09
0.41
0.05
28.30
140
0.07		 1.4
6.74
0.81
2.27
0.09
0.61
136
0.05		 1.4
4.15
1.05
1.25
0.07
0.78
64
0.02		 2.5
0.32
0.42
0.04
0.14
<0.05
60
0.03		 2.7
0.39
0.29
0.07
0.09
0.10
57
0.02		 2.8
0.37
0.28
0.09
0.11
0.21
56
0.05		 3.9
0.08
0.22
0.02
<0.05
0.32
51
0.03		 1.5
0.30
0.21
0.02
0.07
0.20
49
0.03		 2.2
0.33
0.26
0.04
0.08
0.20
47
0.02		 2.6
0.22
0.30
0.09
0.10
0.41
44
0.02		 3.1
0.14
0.13
0.14
0.05
0.17
41
0.02		 1.8
0.29
0.39
0.05
0.10
0.10
40
0.02		 3.9
0.21
0.47
0.04
0.13
0.08

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Figure 3. Kiora/Meteor mine area where dump soil sample DIS001 assayed 2.3 g/t Au (Table 1) and dump rock chip sample DIR018 assayed 1.87 g/t Au (Table 3).

5

Diorite Block – Rock Chip Sampling Results

A total of 105 rock chip samples were collected from the Diorite Block. Excellent high-grade assay values were returned as follows:

DIR027 21 g/t gold and 2.10 g/t silver in-situ dolerite quartz vein sample from Lady Mae mine
area (Figure 4a)
DIR066 9.04 g/t gold and 9.59 g/t silver in-situ mafic schist sample from Unexpected mine area
(Figure 4b)
DIR067 6.09 g/t gold dolerite quartz vein dump sample from Unexpected
mine area
DIR065 1.6 g/t gold in-situ basalt sample from Unexpected mine area
DIR032 7.49 g/t Au and 0.96 g/t Ag in-situ dolerite quartz vein sample taken from Diorite
King mine (Figure 4c)
DIR018 1.87 g/t gold dump sample taken from Meteor/Kiora mine area
DIR016 0.44 g/t gold in-situ felsic sample taken from Meteor/Kiora mine area
(Figure 4d)

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Figure 4a. Dolerite quartz vein where rock sample DIR027 assayed 21 g/t gold and 2.10 g/t silver at the Lady Mae mine area

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Figure 4b. Mafic schist outcrop where rock sample DIR066 assayed 9.04 g/t gold and 9.59 g/t silver from the Unexpected mine area

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Figure 4c. Diorite King shaft where dolerite quartz vein sample DIR032 assayed 7.49 g/t gold

Figure 4d. Meteor/Kiora shaft where felsic sample DIR016 assayed 0.44 g/t gold

6

Figures 5 and 6 shows the Company’s combined rock chip sample locations from June 2020 (105 samples) and historically (86 samples) over geochemical imagery of gold and arsenic in soils respectively. Figure 6 demonstrates that gold path finder element arsenic (As) correlates moderately with gold in rock chip samples.

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Figure 5. Geochemical gold in soils heat map showing rock chip sample locations collected in 2020 and historically.

7

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Figure 6. Geochemical arsenic in soils heat map showing rock chip sample locations collected in 2020 and historically.

8

Rock chip sample assay results >=40ppb collected in June 2020 are shown in Table 3, all assay results are tabulated at Appendix B.

Table 3. Rock chip sample assay results from June 2020 >= 40ppb Au

Gold Pathfinder Elements
Au
Ag		 As
Bi
Mo
Te
Sb
W
Sample ppb
**g/t **		 ppm
ppm
ppm
ppm
ppm
ppm
DIR027
DIR066
DIR032
DIR067
DIR018
DIR065
DIR016
DIR044
DIR019
DIR095
DIR033
DIR002
DIR020
DIR082
DIR001
DIR017
DIR048
DIR007
DIR004
DIR005
DIR015
DIR028
DIR006
DIR010
DIR026
DIR036
DIR050
DIR059
DIR070		 21000
2.10		 2.9
0.42
0.29
0.05
<0.05
3.51
9040
9.59		 0.5
0.08
0.68
0.07
<0.05
0.88
7490
0.96		 3.3
1.16
0.23
0.25
0.05
4.02
6090
0.41		 1.4
0.02
0.26
0.01
<0.05
24.50
1870
0.03		 0.5
0.90
1.04
0.12
<0.05
17.60
1600
0.10		 29.8
0.15
1.17
0.08
<0.05
0.33
440
0.04		 5.1
0.26
0.13
0.09
<0.05
5.69
410
0.02		 1.0
0.12
0.29
0.02
<0.05
0.29
270
0.02		 2.7
0.17
0.34
0.07
0.08
0.40
180
0.02		 2.2
0.55
0.45
0.11
0.07
1.90
140
0.05		 0.4
0.09
0.18
0.09
0.05
0.50
120
0.07		 0.3
14.10
2.20
1.32
<0.05
2.33
120
0.03		 3.4
0.08
0.31
0.02
0.05
1.18
100
0.08		 0.8
1.19
0.16
0.11
0.05
0.56
90
0.07		 1.5
1.07
0.89
0.09
0.05
0.40
90
0.01		 0.7
0.13
0.07
0.02
<0.05
0.39
90
<0.01		 0.3
0.11
0.19
0.01
<0.05
0.17
80
0.02		 1.2
0.09
0.21
0.02
0.06
0.09
60
0.05		 1.2
0.06
0.36
<0.01
0.05
0.19
50
0.01		 2.2
0.04
0.33
0.07
<0.05
0.11
50
0.05		 0.7
0.09
0.20
0.03
<0.05
0.26
50
0.06		 0.7
0.20
0.59
0.07
0.08
0.69
40
0.03		 2.4
0.03
0.13
0.07
<0.05
0.20
40
0.04		 2.7
0.04
0.12
0.06
<0.05
0.11
40
0.06		 0.8
0.21
0.21
0.02
<0.05
0.62
40
0.03		 0.7
0.07
0.56
0.02
<0.05
0.16
40
0.02		 0.3
0.16
<0.05
0.02
<0.05
0.18
40
0.02		 1.3
0.08
0.06
0.06
<0.05
0.24
40
0.03		 2.5
0.44
0.46
0.05
<0.05
0.58

9

Regional Geological Setting

Diorite Project tenements are located in the Archaean Yilgarn Craton within the deformed Leonora greenstone belt adjacent to the Raeside granite batholith. The Leonora area has a long history of gold mining and is the site of three large deposits: Sons of Gwalia, Harbour Lights, and Tower Hill. In terms of past gold production, Sons of Gwalia (115 t of gold) is the fourth largest deposit in the Yilgarn Craton and has been mined almost continuously since 1896 (WITT, 2001).

Lithologically, the Leonora district consists of mafic and ultramafic rocks, interbedded sedimentary units, felsic volcanic units, and late basinal sediments that are intruded by the Raeside Batholith to the west and the Bundarra Batholith to the northeast (Baggot, 2006).

The structural geology of the Leonora district has undergone significant extension, compression, and orogenic collapse. This region is divided by several large shear zones including, the Ursus and Tarmoola Shear Zones within the main northwest-trending greenstone package and the Gwalia (Poker) Shear Zone on the eastern margin of the Raeside Batholith (Figure 7). These shear zones are all early in timing and occurred during a period of extension and uplift of the Raeside Batholith. They were re-activated as sinistral strike-slip shears during the subsequent period of compression (Jones and Witt, 2017).

Figure 8 shows the Mt Stirling gold camp and the location of the Stirling and Diorite blocks.

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Figure 7. Regional location of the Stirling Block (red) and Diorite Block (blue) within Torian Resources’ tenements.

10

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Figure 8. Mt Stirling Gold Camp showing the Stirling Block and Diorite Block.

Lithological and Structural Interpretation – Diorite Block

The lithology within the Diorite King tenement P37/8868 is dominated by the greenstone succession, which comprises: mafic volcanic rocks represented by fine-grained basalt (MB), intrusive mafic rocks constituted by medium to coarse-grained gabbro (MGB) and dolerite (MD), and ultramafic chlorite schist (USC) to a lesser extent (Figure 9). The dominant mafic lithology is weak-to-moderate weathering and presents manganese oxides, limonite, sulphides (predominantly bornite), and quartz veins, which may have formed in the fractures of the host rock.

Elongated and predominantly southwest-northwest direction granitoid bodies (FGR) intrude the greenstone sequence in the north-western and southern areas of the AOI. Following this direction, small BIF chert (SIF -SCT) units and quartz veins (QZ) have been mapped around (Figure 10). Besides, on the eastern side of the AOI, an extensive colluvial sheet wash plain overlying variably thick transported material.

11

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Figure 9. Local geological map within the Diorite Block.

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Figure 10. a) BIF chert outcrop. b) Granitoid-Dolerite contact. c) Quartz veins cutting mafic lithology.

12

The dominant strike of the stratigraphy is NE-SW with a sub-vertical dip (40° to 80°). The mafic units are weakly foliated, and it appears to be parallel with the strike of the stratigraphy. Quartz veining is evident in the vast majority of the ancient works, where its widths vary from millimetres to several tens of centimetres and are disrupted the mafic units vertically.

Gold Mineralisation

Gold mineralisation at the Diorite King group of mine workings is hosted by dolerite and metabasalts which strike NE - SW predominantly and associated with sub-vertical stockwork quartz. Other old gold workings in the Project Area occur along quartz veined contact zones between mafic intrusive and mafic schist units.

On the other hand, gold mineralisation at the Tarmoola Gold Mine which lies to the east of the Diorite King Prospect is associated with a quartz stockwork in ultramafic schist overlying a granitoid intrusion in the core zone of a folding closure. This association offers a model relevant to the future exploration of the Diorite King Project area.

Figure 11 shows the priority areas for mapping and prospecting over the Diorite Block and the locations of historical producing gold mines – production for most of these mines is shown above in Table 1.

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Figure 11. Diorite Block - priority mapping and prospecting areas and location of historic gold mines.

13

This announcement has been authorised for release by the Board.

-Ends-

Louie Simens Non-Executive Chairman [email protected]

Competent Person Statement

The information in this report / ASX release that relates to Exploration Results is based on information compiled and reviewed by Mr Dennis Fry, who is a Director of Desert Storm Resources Pty Ltd. Mr Fry is a Member of the Australasian Institute of Mining and Metallurgy and has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Fry consents to the inclusion in this report / ASX release of the matters based on information in the form and context in which it appears. Additionally, Mr Fry confirms that the entity is not aware of any new information or data that materially affects the information contained in the ASX releases referred to in this report.

Streamlined Competent Person Statement

The information in the announcement dated 25 February 2019 and 29 January 2020 that relate to JORC Resource estimates is based on information compiled, reviewed and relied upon by Mr Dale Schultz. Mr Dale Schultz, Principle of DjS Consulting, who is Torian’s consulting Geologist, compiled, reviewed and relied upon prior data and ASX releases dated 25 February 2019 and 29 January 2020 to put together the technical information in this release and is a member of the Association of Professional Engineers and Geoscientists of Saskatchewan (APEGS), which is ROPO, accepted for the purpose of reporting in accordance with ASX listing rules. Mr Schultz has sufficient experience relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the ‘Australian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Schultz consents to the inclusion in the report of the matters based on information in the form and context in which it appears.

The JORC Resource estimate released on 25 February 2019 were reviewed and relied upon by Mr Dale Schultz were reported in accordance with Clause 18 of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (2012 Edition) (JORC Code).

Torian Resources confirms in the subsequent public report that it is not aware of any new information or data that materially affects the information included in the relevant market announcements on the 25 February 2019 and 29 January 2020 and, in the case of the exploration results, that all material assumptions and technical parameters underpinning the results in the relevant market announcement reviewed by Mr Dale Schultz continue to apply and have not materially changed.

14

About Torian:

Torian Resources Ltd (ASX:TNR) is a highly active gold exploration and development company with an extensive and strategic land holding comprising six projects and over 400km² of tenure in the Goldfields Region of Western Australia. All projects are nearby to excellent infrastructure and lie within 50km of major mining towns.

Torian’s flagship Mt Stirling Project is situated approximately 40km NW of Leanora, and neighbours Red 5’s Kind of the Hills mine. The region has recently produced approximately 14M oz of gold from mines such as Tower Hills, Sons of Gwalia, Thunderbox, Harbour Lights and Gwalia.

The Mt Stirling Project consists of 2 blocks:

  1. The Stirling Block to the north contains two JORC Inferred resources.

  2. a. Mt Stirling – 727,000t at 1.45 g/t Au for 33,900oz

  3. b. Stirling Well – 253,500t at 2.01 g/t Au for 16,384oz

  4. The Diorite Block to the south, is home to the historic 73 g/t Diorite King mine.

Another key project and one of renewed focus for the Company is the Mount Monger Project, located 50 km south east of Kalgoorlie. The Mount Monger goldfield is located within the Kalgoorlie terrane subdivision of the Eastern Goldfields Province. This 3,700-hectare project lies within close vicinity of Silver Lake Resources Ltd’s (ASX: SLR) key asset, the Mount Monger Gold Camp, a prolific part of the Eastern Goldfields district of Western Australia. The Mount Monger Camp had produced more than 1.67Moz in the last 30 years, and more than 330,000 ounces for Silver Lake in in the last 24 months alone.

The Mount Monger Project consists of two distinct areas:

  1. The Wombola area to the north

  2. The Mt Dam area to the south

Another project in the Kalgoorlie region is the Zuleika Project in which the Company is involved in a JV with Dampier Gold Ltd (ASX:DAU). The Zuleika Project is located along the world-class Zuleika Shear, which is the fourth largest gold producing region in Australia and consistently produces some of the country’s highest grade and lowest cost gold mines. This Project lies north and partly along strike of several major gold deposits including Northern Star’s (ASX: NST) 7.0Moz East Kundana Joint Venture and Evolution’s (ASX: EVN) 1.8Moz Frogs Legs and White Foil deposits.

Torian’s other projects within the Kalgoorlie region include the Bonnie Vale and Gibraltar Projects, and the Credo Well JV with Dampier Gold Ltd (ASX:DAU)which hosts a JORC Inferred resource of 86,419t at 4.41 g/t Au for 12,259 oz.

15

Cautionary Note Regarding Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statements that are not historical facts may contain forward-looking information, and forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget” “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or indicates that certain actions, events or results “may”, “could”, “would”, “might” or “will be” taken, “occur” or “be achieved.” Forward-looking information is based on certain factors and assumptions management believes to be reasonable at the time such statements are made, including but not limited to, continued exploration activities, Gold and other metal prices, the estimation of initial and sustaining capital requirements, the estimation of labour costs, the estimation of mineral reserves and resources, assumptions with respect to currency fluctuations, the timing and amount of future exploration and development expenditures, receipt of required regulatory approvals, the availability of necessary financing for the Project, permitting and such other assumptions and factors as set out herein.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to changes in Gold prices; sources and cost of power and water for the Project; the estimation of initial capital requirements; the lack of historical operations; the estimation of labour costs; general global markets and economic conditions; risks associated with exploration of mineral deposits; the estimation of initial targeted mineral resource tonnage and grade for the Project; risks associated with uninsurable risks arising during the course of exploration; risks associated with currency fluctuations; environmental risks; competition faced in securing experienced personnel; access to adequate infrastructure to support exploration activities; risks associated with changes in the mining regulatory regime governing the Company and the Project; completion of the environmental assessment process; risks related to regulatory and permitting delays; risks related to potential conflicts of interest; the reliance on key personnel; financing, capitalisation and liquidity risks including the risk that the financing necessary to fund continued exploration and development activities at the Project may not be available on satisfactory terms, or at all; the risk of potential dilution through the issuance of additional common shares of the Company; the risk of litigation.

Although the Company has attempted to identify important factors that cause results not to be as anticipated, estimated or intended, there can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Forward looking information is made as of the date of this announcement and the Company does not undertake to update or revise any forward-looking information this is included herein, except in accordance with applicable securities laws.

16

Appendix A – Rock Chip Assay Values

Gold Pathfinder Elements
Au
Ag		 As
Bi
Mo
Te
Sb
W
Sample Easting Northing g/t
g/t		 ppm
ppm
ppm
ppm
ppm
ppm
DIR001
DIR002
DIR003
DIR004
DIR005
DIR006
DIR007
DIR008
DIR009
DIR010
DIR011
DIR012
DIR013
DIR014
DIR015
DIR016
DIR017
DIR018
DIR019
DIR020
DIR021
DIR022
DIR023
DIR024
DIR025
DIR026
DIR027
DIR028
DIR029
DIR030
DIR031
DIR032
DIR033
DIR034
DIR035
DIR036
DIR037
DIR038
DIR039
DIR040
DIR041
DIR042
DIR043
DIR044
DIR045
DIR046
DIR047
DIR048		 310485
310508
310504
310617
310609
310672
310763
310973
311014
311076
311261
311271
311095
311044
310833
311101
311095
311105
311120
311108
311084
311134
311105
311063
310901
310682
310672
310660
310674
310637
310637
310626
310639
310420
310445
310511
310563
310569
310455
310436
310399
310352
310342
310277
310365
310484
310597
311153		 6825417
6825432
6825436
6825530
6825673
6825731
6825818
6825773
6825842
6825887
6825910
6825865
6825698
6825651
6825605
6825074
6825083
6825077
6825157
6825198
6825267
6825453
6825500
6825496
6825382
6825240
6825241
6825240
6825213
6825193
6825193
6825139
6825261
6825426
6825367
6825298
6825310
6825330
6825203
6825212
6825209
6825126
6825083
6824992
6825023
6825166
6825188
6825011		 0.090
0.07		 1.5
1.07
0.89
0.09
0.05
0.40
0.120
0.07		 0.3
14.10
2.20
1.32
<0.05
2.33
0.010
0.04		 0.4
0.10
0.23
0.01
<0.05
0.07
0.060
0.05		 1.2
0.06
0.36
<0.01
0.05
0.19
0.050
0.01		 2.2
0.04
0.33
0.07
<0.05
0.11
0.040
0.03		 2.4
0.03
0.13
0.07
<0.05
0.20
0.080
0.02		 1.2
0.09
0.21
0.02
0.06
0.09
0.020
0.05		 2.1
0.10
0.76
0.03
<0.05
0.56
0.010
0.09		 0.7
0.04
1.09
0.01
0.23
3.16
0.040
0.04		 2.7
0.04
0.12
0.06
<0.05
0.11
0.010
0.01		 0.4
0.11
0.16
0.01
<0.05
<0.05
0.020
0.01		 1.0
0.04
0.30
<0.01
<0.05
0.26
0.030
0.01		 2.3
0.04
0.08
0.13
<0.05
0.15
0.030
0.01		 2.7
0.03
0.05
0.09
<0.05
0.09
0.050
0.05		 0.7
0.09
0.20
0.03
<0.05
0.26
0.440
0.04		 5.1
0.26
0.13
0.09
<0.05
5.69
0.090
0.01		 0.7
0.13
0.07
0.02
<0.05
0.39
1.870
0.03		 0.5
0.90
1.04
0.12
<0.05
17.60
0.270
0.02		 2.7
0.17
0.34
0.07
0.08
0.40
0.120
0.03		 3.4
0.08
0.31
0.02
0.05
1.18
0.010
<0.01		 0.3
0.22
1.01
0.03
<0.05
0.26
0.030
0.01		 1.5
0.09
0.55
0.03
<0.05
0.05
0.010
0.01		 0.2
0.09
0.31
0.01
<0.05
0.15
<0.01
0.01		 0.5
0.05
0.24
0.01
<0.05
0.05
0.030
0.02		 0.5
0.08
0.17
0.02
<0.05
0.14
0.040
0.06		 0.8
0.21
0.21
0.02
<0.05
0.62
21.000
2.10		 2.9
0.42
0.29
0.05
<0.05
3.51
0.050
0.06		 0.7
0.20
0.59
0.07
0.08
0.69
0.030
0.03		 2.0
0.13
0.30
0.01
<0.05
0.48
0.030
0.03		 0.6
0.09
0.46
0.01
<0.05
0.75
0.030
0.16		 2.0
0.19
0.17
0.06
<0.05
1.41
7.490
0.96		 3.3
1.16
0.23
0.25
0.05
4.02
0.140
0.05		 0.4
0.09
0.18
0.09
0.05
0.50
0.030
0.03		 0.4
0.10
0.29
0.02
<0.05
0.20
0.020
0.02		 0.4
0.37
0.22
<0.01
<0.05
<0.05
0.040
0.03		 0.7
0.07
0.56
0.02
<0.05
0.16
0.020
0.03		 0.3
0.13
0.49
0.04
<0.05
0.51
0.010
0.02		 0.3
0.05
0.59
<0.01
0.06
0.06
0.010
0.03		 0.7
0.13
0.22
0.02
0.06
0.26
0.010
0.02		 0.3
0.67
0.52
0.10
<0.05
0.34
0.010
0.01		 0.9
0.16
0.10
0.01
<0.05
0.19
0.020
0.13		 0.4
0.08
0.14
0.01
<0.05
1.76
0.010
0.02		 0.3
0.05
0.57
0.01
<0.05
0.55
0.410
0.02		 1.0
0.12
0.29
0.02
<0.05
0.29
0.020
0.03		 0.2
0.05
0.46
0.01
<0.05
1.17
0.020
0.05		 0.6
0.11
0.28
0.03
<0.05
0.70
0.020
0.04		 0.5
0.03
0.42
0.01
<0.05
130.00
0.090
<0.01		 0.3
0.11
0.19
0.01
<0.05
0.17

17

Gold Pathfinder Elements
Au
Ag		 As
Bi
Mo
Te
Sb
W
Sample Easting Northing g/t
g/t		 ppm
ppm
ppm
ppm
ppm
ppm
DIR049
DIR050
DIR051
DIR052
DIR053
DIR054
DIR055
DIR056
DIR057
DIR058
DIR059
DIR060
DIR061
DIR062
DIR063
DIR064
DIR065
DIR066
DIR067
DIR068
DIR069
DIR070
DIR071
DIR072
DIR073
DIR074
DIR075
DIR076
DIR077
DIR078
DIR079
DIR080
DIR081
DIR082
DIR083
DIR084
DIR085
DIR086
DIR087
DIR088
DIR089
DIR090
DIR091
DIR092
DIR093
DIR094
DIR095
DIR096
DIR097
DIR098		 310903
310879
310884
310874
310845
310790
310690
310660
310568
310563
310576
310794
310814
310793
310783
310791
310755
310725
310725
311391
311220
311221
311241
311173
311089
311005
311220
311478
310897
310913
310921
310942
310837
310836
310690
310856
310834
310659
310544
310475
310760
311382
311294
311269
311247
311266
311269
311267
311261
311766		 6824934
6824951
6824954
6825043
6825061
6824976
6824993
6824997
6825001
6824899
6824902
6824908
6825230
6825281
6825339
6825334
6825387
6825388
6825388
6824746
6824710
6824681
6824576
6824682
6824673
6824667
6824639
6824638
6824383
6824462
6824538
6824577
6824625
6824621
6824659
6824439
6824337
6824349
6824509
6824319
6824289
6824524
6824432
6824432
6824383
6824367
6824356
6824359
6824290
6824738		 0.010
0.01		 0.8
0.16
0.14
0.01
<0.05
0.25
0.040
0.02		 0.3
0.16
<0.05
0.02
<0.05
0.18
0.020
0.01		 0.3
0.17
0.63
0.02
0.06
0.25
0.010
0.02		 2.3
0.84
0.24
0.08
0.05
0.20
0.010
0.01		 1.1
0.86
0.86
0.18
<0.05
0.31
0.010
0.01		 0.2
0.07
0.16
0.01
<0.05
0.15
0.010
0.01		 0.4
0.14
0.26
0.03
<0.05
0.14
0.010
0.01		 0.2
0.06
0.22
0.01
<0.05
0.05
0.030
0.10		 0.4
0.04
0.11
0.01
<0.05
0.22
<0.01
0.01		 0.3
0.07
<0.05
0.02
<0.05
<0.05
0.040
0.02		 1.3
0.08
0.06
0.06
<0.05
0.24
0.020
0.01		 0.5
0.07
<0.05
0.02
<0.05
0.05
0.020
0.04		 0.7
0.09
0.22
0.02
<0.05
0.15
0.020
0.03		 0.5
0.04
0.50
<0.01
<0.05
0.24
0.020
0.03		 0.6
0.62
0.15
0.06
<0.05
0.52
0.020
0.02		 0.8
0.14
0.11
0.02
<0.05
0.17
1.600
0.10		 29.8
0.15
1.17
0.08
<0.05
0.33
9.040
9.59		 0.5
0.08
0.68
0.07
<0.05
0.88
6.090
0.41		 1.4
0.02
0.26
0.01
<0.05
24.50
0.020
0.02		 0.3
0.11
0.12
0.02
<0.05
0.09
0.010
0.05		 3.4
1.10
0.66
0.11
0.07
0.56
0.040
0.03		 2.5
0.44
0.46
0.05
<0.05
0.58
0.010
0.90		 4.0
1.61
4.45
0.12
<0.05
0.30
<0.01
0.03		 0.3
0.21
0.24
0.02
<0.05
0.23
<0.01
0.03		 0.4
0.24
0.21
0.01
<0.05
0.18
0.010
0.03		 0.4
2.42
1.02
0.34
<0.05
0.15
<0.01
0.01		 0.5
0.22
0.21
0.03
<0.05
0.11
0.010
0.01		 0.3
0.09
<0.05
0.02
<0.05
0.07
<0.01
0.13		 0.4
1.15
1.30
0.08
<0.05
0.25
<0.01
0.02		 0.3
0.09
0.13
0.01
<0.05
<0.05
<0.01
0.13		 2.2
0.62
0.30
0.06
<0.05
0.32
0.010
0.05		 0.5
0.83
0.56
0.11
<0.05
0.54
0.030
0.14		 1.7
3.25
0.72
0.50
<0.05
0.41
0.100
0.08		 0.8
1.19
0.16
0.11
0.05
0.56
<0.01
0.02		 0.3
0.09
0.44
0.01
<0.05
0.19
<0.01
0.03		 0.3
0.11
0.07
0.01
<0.05
0.07
<0.01
0.09		 0.4
11.20
0.61
0.86
<0.05
0.18
0.010
0.04		 0.8
0.24
0.25
0.02
<0.05
<0.05
<0.01
0.06		 0.1
0.17
0.37
0.01
<0.05
0.27
<0.01
0.02		 0.2
0.07
0.15
0.01
<0.05
0.11
0.010
0.02		 1.0
0.07
0.19
0.01
0.05
0.20
<0.01
0.02		 0.4
0.45
0.42
0.07
<0.05
0.46
0.010
0.01		 0.2
0.27
0.17
0.04
<0.05
0.09
0.020
0.06		 3.8
0.64
0.47
0.10
<0.05
0.19
<0.01
<0.01		 0.5
0.24
0.13
0.03
<0.05
0.12
0.010
0.03		 1.9
0.46
0.31
0.10
<0.05
1.52
0.180
0.02		 2.2
0.55
0.45
0.11
0.07
1.90
0.020
0.04		 7.6
0.40
0.83
0.20
0.07
1.73
0.010
<0.01		 0.2
0.14
0.09
0.02
<0.05
0.08
<0.01
0.02		 0.4
0.20
0.26
0.01
<0.05
0.10

18

Gold Pathfinder Elements
Au
Ag		 As
Bi
Mo
Te
Sb
W
Sample Easting Northing g/t
g/t		 ppm
ppm
ppm
ppm
ppm
ppm
DIR099
DIR100
DIR101
DIR102
DIR103
DIR104
DIR105		 311642
311483
311405
311330
311360
311362
311566		 6824662
6824574
6824540
6824635
6824669
6824672
6824796		 <0.01
0.01		 0.5
0.15
0.14
<0.01
<0.05
0.13
<0.01
0.02		 0.9
0.04
0.89
0.01
0.05
0.15
0.010
0.03		 0.3
0.06
0.17
0.01
<0.05
0.14
<0.01
0.01		 0.3
0.05
0.36
0.01
<0.05
<0.05
0.010
0.06		 0.3
0.04
0.25
0.06
<0.05
0.20
0.010
0.02		 0.2
0.05
0.15
<0.01
<0.05
<0.05
0.020
0.02		 0.1
0.11
0.62
0.02
<0.05
0.05
  • Coordinates in UTM MGA projection GDA94 Zone 51

19

Appendix B –Soil Assay Values

Gold Pathfinder Elements
Au
Ag		 As
Bi
Mo
Te
Sb
W
Sample Easting Northing g/t
g/t		 ppm
ppm
ppm
ppm
ppm
ppm
DIS001
DIS002
DIS003
DIS004
DIS005
DIS006
DIS007
DIS008
DIS009
DIS010
DIS011
DIS012
DIS013
DIS014
DIS015
DIS016
DIS017
DIS018
DIS019
DIS020
DIS021
DIS022
DIS023
DIS024
DIS025
DIS026
DIS027
DIS028
DIS029
DIS030
DIS031
DIS032
DIS033
DIS034
DIS035
DIS036
DIS037
DIS038
DIS039
DIS040
DIS041
DIS042
DIS043
DIS044
DIS045
DIS046
DIS047
DIS048		 311105
311110
311108
311084
311109
311109
311111
311009
310960
310960
310452
310455
310456
310463
310512
310562
310560
310609
310577
310559
310510
310459
310427
310389
310341
310303
310337
310427
310457
310460
310597
310624
311189
311157
311110
311061
311011
310961
310910
310906
310859
310810
310791
310746
310712
310664
310612
310563		 6825077
6825100
6825198
6825267
6825299
6825400
6825498
6825497
6825540
6825296
6825483
6825399
6825342
6825298
6825298
6825304
6825394
6825303
6825242
6825200
6825200
6825202
6825240
6825198
6825108
6825052
6825000
6825062
6825104
6825162
6825183
6825237
6824996
6824998
6825001
6825000
6825000
6825000
6825000
6825020
6825000
6825000
6824985
6825000
6825000
6824994
6824997
6825000		 2.300
0.12		 2.1
2.28
0.09
0.41
0.05
28.30
5.520
0.32		 3.1
0.26
0.53
0.06
0.15
0.28
0.056
0.05		 3.9
0.08
0.22
0.02
<0.05
0.32
0.047
0.02		 2.6
0.22
0.30
0.09
0.10
0.41
0.064
0.02		 2.5
0.32
0.42
0.04
0.14
<0.05
0.007
0.01		 2.5
3.59
0.40
0.05
0.11
<0.05
0.017
0.02		 2.3
0.20
0.24
0.06
0.08
0.09
0.004
0.01		 1.3
0.17
0.22
0.03
0.06
<0.05
0.044
0.02		 3.1
0.14
0.13
0.14
0.05
0.17
0.040
0.02		 3.9
0.21
0.47
0.04
0.13
0.08
0.006
0.04		 1.7
0.16
0.33
0.05
0.10
0.11
0.019
0.05		 1.9
0.17
0.28
0.04
0.10
0.06
0.021
0.03		 2.3
0.06
0.13
0.09
0.05
0.11
0.003
0.04		 2.0
0.20
0.34
0.03
0.11
0.08
0.003
0.02		 1.1
0.13
0.23
0.03
0.08
0.06
0.007
0.02		 0.4
0.13
0.07
0.05
<0.05
0.05
0.002
0.02		 0.8
0.10
0.16
0.02
<0.05
0.30
0.004
0.01		 0.4
0.07
0.06
0.02
<0.05
0.05
0.003
0.02		 0.8
0.06
0.09
0.01
0.05
0.05
0.016
0.04		 1.5
0.12
0.23
0.03
0.08
0.09
0.002
0.02		 0.6
0.07
0.10
0.02
<0.05
<0.05
0.006
0.02		 1.6
1.04
0.33
0.05
0.11
0.08
0.001
0.02		 1.2
0.15
0.28
0.02
0.09
0.11
0.004
0.05		 0.3
0.68
0.78
0.06
<0.05
0.20
0.004
0.03		 2.0
0.27
0.37
0.04
0.11
0.15
0.003
0.02		 1.2
0.11
0.18
0.03
0.08
0.05
0.004
0.07		 1.2
0.08
0.17
0.04
0.05
0.17
0.001
0.02		 1.0
0.07
0.15
0.02
0.05
0.07
0.007
0.03		 1.0
0.08
0.18
0.02
0.06
0.06
0.005
0.02		 1.9
0.47
0.29
0.04
0.11
0.05
0.005
0.03		 1.4
0.10
0.24
0.02
0.08
0.07
0.018
0.03		 0.7
0.08
0.10
0.02
<0.05
0.08
0.057
0.02		 2.8
0.37
0.28
0.09
0.11
0.21
0.049
0.03		 2.2
0.33
0.26
0.04
0.08
0.20
0.013
0.01		 0.6
0.25
0.05
0.03
<0.05
0.05
0.003
0.01		 1.2
0.32
0.15
0.02
0.06
<0.05
0.011
0.03		 1.9
0.39
0.28
0.05
0.09
0.57
0.037
0.02		 1.7
0.29
0.22
0.03
0.09
0.10
0.039
0.03		 2.4
0.20
0.21
0.17
0.07
0.07
0.003
0.01		 2.9
0.25
0.06
0.09
<0.05
<0.05
0.010
0.02		 3.3
0.37
0.32
0.06
0.10
0.05
0.051
0.03		 1.5
0.30
0.21
0.02
0.07
0.20
0.010
0.04		 1.7
0.39
0.18
0.22
<0.05
0.38
0.012
0.02		 2.4
0.22
0.30
0.04
0.09
0.07
0.008
0.03		 1.7
0.19
0.31
0.04
0.08
<0.05
0.008
0.03		 1.5
0.12
0.20
0.02
0.07
<0.05
0.005
0.03		 1.8
0.17
0.27
0.04
0.09
0.05
0.003
0.03		 1.6
0.16
0.24
0.03
0.07
0.07

20

Gold Pathfinder Elements
Au
Ag		 As
Bi
Mo
Te
Sb
W
Sample Easting Northing g/t
g/t		 ppm
ppm
ppm
ppm
ppm
ppm
DIS049
DIS050
DIS051
DIS052
DIS053
DIS054
DIS055
DIS056
DIS057
DIS058
DIS059
DIS060
DIS061
DIS062
DIS063
DIS064
DIS065
DIS066
DIS067
DIS068
DIS069
DIS070
DIS071
DIS072
DIS073
DIS074
DIS075
DIS076
DIS077
DIS078
DIS079
DIS080
DIS081
DIS082
DIS083
DIS084
DIS085
DIS086
DIS087
DIS088
DIS089
DIS090
DIS091
DIS092
DIS093
DIS094
DIS095
DIS096
DIS097
DIS098		 310513
310510
310560
310610
310663
310710
310760
310814
310860
310821
310770
310760
310711
311511
311457
311400
311360
311311
311281
311250
311202
311211
311209
311211
311210
311262
311310
311359
311410
311465
311560
311510
311458
311410
311360
311309
311258
311160
311108
311060
311007
311015
311063
311108
311163
311262
311311
311355
311407
311460		 6825001
6824900
6824900
6824900
6824905
6824900
6824900
6824900
6824900
6825212
6825302
6825400
6825314
6824739
6824746
6824751
6824740
6824740
6824740
6824733
6824600
6824640
6824687
6824740
6824791
6824791
6824792
6824796
6824790
6824792
6824689
6824688
6824691
6824692
6824690
6824693
6824691
6824690
6824693
6824690
6824690
6824637
6824640
6824641
6824642
6824641
6824642
6824640
6824638
6824642		 0.002
0.02		 1.7
0.13
0.25
0.03
0.08
0.07
0.003
0.01		 1.9
0.12
0.28
0.02
0.10
<0.05
0.014
0.02		 1.1
0.07
0.10
0.10
<0.05
0.15
0.025
0.02		 4.0
0.28
0.67
0.14
<0.05
0.40
0.018
0.02		 2.2
0.10
0.18
0.10
0.05
0.07
0.003
0.01		 1.8
0.16
0.29
0.03
0.08
0.05
0.031
0.02		 1.5
0.08
0.11
0.06
<0.05
<0.05
0.041
0.02		 1.8
0.29
0.39
0.05
0.10
0.10
0.003
0.02		 1.6
0.30
0.25
0.03
0.08
0.06
0.025
0.02		 2.7
0.48
0.48
0.13
0.12
0.21
0.011
0.03		 2.1
0.20
0.34
0.03
0.11
0.16
0.007
0.02		 2.1
0.14
0.35
0.03
0.12
0.14
0.018
0.04		 2.3
0.36
0.26
0.07
0.09
0.33
0.006
0.01		 2.4
0.22
0.34
0.06
0.13
0.05
0.003
0.01		 1.7
0.62
0.28
0.02
0.10
<0.05
0.023
0.04		 2.2
0.62
0.31
0.11
0.08
0.06
0.004
0.02		 2.2
1.16
0.33
0.05
0.11
0.05
0.003
0.03		 1.5
0.31
0.25
0.04
0.07
<0.05
0.007
0.02		 2.1
0.29
0.20
0.11
0.07
<0.05
0.017
0.04		 1.8
0.36
0.23
0.10
0.08
0.05
0.023
0.03		 2.3
0.27
0.27
0.06
0.08
0.08
0.026
0.02		 2.1
0.29
0.27
0.05
0.09
0.06
0.007
0.04		 1.6
0.49
0.27
0.06
0.08
0.14
0.034
0.03		 1.6
5.50
0.63
0.31
0.09
0.22
0.007
0.03		 2.3
0.50
0.37
0.07
0.13
0.11
0.012
0.04		 2.3
0.43
0.32
0.08
0.10
0.06
0.060
0.03		 2.7
0.39
0.29
0.07
0.09
0.10
0.004
0.02		 2.9
0.67
0.56
0.06
0.14
0.09
0.021
0.02		 2.1
0.30
0.34
0.03
0.12
<0.05
0.002
0.01		 1.2
0.12
0.19
0.02
0.08
<0.05
0.002
0.01		 2.5
0.28
0.58
0.04
0.14
<0.05
0.001
0.01		 2.8
0.45
0.77
0.05
0.15
0.06
0.002
0.02		 2.0
0.29
0.39
0.04
0.11
<0.05
0.006
0.02		 3.6
0.70
0.54
0.07
0.15
0.14
0.005
0.01		 1.8
0.41
0.35
0.05
0.12
0.05
<0.001
0.01		 1.4
0.28
0.26
0.02
0.09
<0.05
0.003
0.02		 2.1
1.07
0.38
0.05
0.12
<0.05
0.008
0.03		 1.0
0.31
0.13
0.04
0.05
0.09
0.009
0.02		 1.7
0.85
0.22
0.11
0.07
0.07
0.007
0.01		 1.6
0.94
0.34
0.12
0.08
0.11
0.008
0.03		 1.3
1.09
0.42
0.15
0.07
0.18
0.003
0.03		 1.6
0.50
0.44
0.10
0.10
0.07
0.005
0.02		 1.9
0.81
0.25
0.11
0.08
0.09
0.005
0.02		 1.4
0.87
0.22
0.06
0.07
0.12
0.003
0.02		 1.9
0.42
0.25
0.05
0.09
0.06
0.002
0.01		 1.3
0.77
0.21
0.04
0.08
0.07
0.012
0.02		 2.4
0.43
0.27
0.07
0.09
0.07
0.003
0.02		 2.5
0.58
0.44
0.06
0.12
0.07
0.014
0.03		 2.0
0.80
0.42
0.08
0.13
0.11
0.007
0.03		 5.6
1.38
0.80
0.12
0.15
0.65

21

Gold Pathfinder Elements
Au
Ag		 As
Bi
Mo
Te
Sb
W
Sample Easting Northing g/t
g/t		 ppm
ppm
ppm
ppm
ppm
ppm
DIS099
DIS100
DIS101
DIS102
DIS103
DIS104
DIS105
DIS106
DIS107
DIS108
DIS109
DIS110
DIS111
DIS112
DIS113
DIS114
DIS115
DIS116
DIS117
DIS118
DIS119
DIS120
DIS121
DIS122
DIS123
DIS124
DIS125
DIS126
DIS127
DIS128
DIS129
DIS130
DIS131
DIS132
DIS133
DIS134
DIS135
DIS136
DIS137
DIS138
DIS139
DIS140
DIS141
DIS142
DIS143
DIS144
DIS145
DIS146
DIS147
DIS148		 311510
310914
310911
310913
310909
310912
310910
310860
310812
310761
310709
310716
310760
310815
310862
310760
310708
310658
310610
310610
310610
310554
310511
310474
310460
310460
310463
310518
310560
310663
310707
310759
311407
311362
311360
311309
311252
311260
311234
311315
311360
311395
311418
311451
310797
310761
310698
310651
310607
310561		 6824640
6824391
6824443
6824491
6824542
6824593
6824638
6824640
6824640
6824643
6824643
6824587
6824542
6824487
6824439
6824338
6824341
6824343
6824340
6824394
6824443
6824495
6824538
6824516
6824485
6824388
6824323
6824288
6824241
6824196
6824243
6824279
6824540
6824540
6824490
6824440
6824407
6824347
6824294
6824292
6824343
6824404
6824450
6824482
6824742
6824739
6824700
6824668
6824635
6824585		 0.002
0.01		 3.5
0.48
0.74
0.06
0.17
0.37
0.002
0.04		 1.6
0.67
0.32
0.06
0.09
0.13
<0.001
0.02		 1.5
0.20
0.22
0.03
0.07
0.06
0.005
0.04		 1.7
0.75
0.33
0.14
0.08
0.23
0.002
0.03		 1.4
0.25
0.50
0.03
0.08
0.07
0.008
0.06		 1.3
0.84
0.70
0.12
0.09
0.17
0.026
0.03		 1.0
0.71
0.49
0.15
0.06
0.17
0.009
0.04		 1.6
0.67
0.53
0.10
0.09
0.31
0.136
0.05		 1.4
4.15
1.05
1.25
0.07
0.78
0.004
0.03		 0.9
0.68
0.24
0.12
0.05
0.55
0.004
0.03		 1.8
0.44
0.37
0.05
0.08
0.14
0.140
0.07		 1.4
6.74
0.81
2.27
0.09
0.61
0.004
0.04		 1.2
0.56
0.30
0.07
0.06
0.16
0.002
0.03		 1.4
0.33
0.56
0.04
0.08
0.09
0.004
0.03		 1.1
0.49
0.19
0.06
0.05
<0.05
0.001
0.02		 0.8
0.11
0.13
0.01
0.05
<0.05
0.001
0.02		 1.4
0.14
0.22
0.02
0.07
<0.05
0.005
0.02		 1.9
0.28
0.22
0.07
0.08
0.05
0.003
0.02		 1.1
0.16
0.21
0.03
0.05
0.17
0.004
0.04		 1.9
0.33
0.26
0.07
0.08
0.06
0.007
0.03		 1.4
0.50
0.24
0.03
0.08
0.07
<0.001
0.03		 0.8
0.11
0.15
0.02
0.05
0.11
0.005
0.05		 1.2
0.14
0.22
0.03
0.08
0.10
0.004
0.02		 1.1
0.16
0.19
0.02
0.07
0.09
0.005
0.05		 1.4
0.20
0.27
0.02
0.08
0.09
0.001
0.02		 2.3
0.21
0.27
0.03
0.08
0.18
<0.001
0.02		 0.8
0.11
0.13
0.02
0.05
0.13
0.001
0.02		 1.2
0.09
0.31
0.02
0.08
<0.05
0.001
0.02		 1.9
0.14
0.32
0.02
0.12
0.08
0.002
0.02		 1.1
0.08
0.23
0.01
0.06
0.08
0.001
0.02		 1.4
0.14
0.29
0.02
0.09
0.07
0.038
0.03		 1.4
1.27
0.34
0.09
0.08
0.13
0.003
0.01		 1.4
0.27
0.31
0.04
0.09
0.08
0.002
0.01		 1.6
0.33
0.28
0.03
0.10
0.07
0.002
0.01		 1.8
0.37
0.27
0.04
0.08
0.06
0.032
0.02		 2.7
0.21
0.21
0.14
0.08
0.13
0.031
0.02		 1.1
0.27
0.11
0.09
<0.05
<0.05
0.026
0.01		 1.8
0.32
0.19
0.10
0.06
0.16
0.003
0.01		 1.0
0.14
0.10
0.02
<0.05
0.05
0.021
0.02		 1.4
0.19
0.13
0.06
0.07
0.14
0.011
0.01		 1.3
0.22
0.13
0.05
0.07
0.06
0.006
0.01		 1.5
0.22
0.25
0.04
0.11
<0.05
0.021
0.02		 2.1
0.20
0.25
0.05
0.11
0.05
0.007
0.01		 2.2
0.16
0.29
0.05
0.11
0.05
0.019
0.02		 1.4
0.18
0.09
0.05
<0.05
<0.05
0.006
0.02		 1.5
0.54
0.28
0.03
0.09
<0.05
0.001
0.02		 1.5
0.12
0.21
0.02
0.08
<0.05
0.003
0.02		 1.9
0.21
0.19
0.03
0.07
0.05
0.002
0.01		 1.7
0.16
0.25
0.04
0.10
0.05
0.004
0.04		 1.1
0.26
0.21
0.03
0.07
0.10

22

Gold Pathfinder Elements
Au
Ag		 As
Bi
Mo
Te
Sb
W
Sample Easting Northing g/t
g/t		 ppm
ppm
ppm
ppm
ppm
ppm
DIS149
DIS150
DIS151
DIS152
DIS153
DIS154
DIS155
DIS156
DIS157		 310476
310454
310363
310330
310434
310487
310550
310619
310717		 6824563
6824550
6824582
6824635
6824719
6824753
6824787
6824830
6824854		 0.002
0.03		 0.8
0.08
0.13
0.02
0.05
0.05
0.001
0.04		 1.5
0.12
0.24
0.02
0.08
0.05
0.002
0.02		 1.1
0.13
0.22
0.03
0.07
0.06
0.011
0.08		 1.4
0.25
0.49
0.21
0.06
0.23
0.003
0.03		 1.1
0.15
0.21
0.03
0.07
0.10
0.004
0.03		 2.0
0.17
0.31
0.03
0.10
0.06
0.012
0.03		 1.2
0.13
0.10
0.04
<0.05
0.05
0.005
0.02		 1.7
0.21
0.27
0.03
0.08
0.07
0.008
0.02		 1.1
0.15
0.15
0.02
0.06
0.06
  • Coordinates in UTM MGA projection GDA94 Zone 51

23

Appendix 1 Diorite Rock Chip and Soil Sampling JORC Code, 2012 Edition – Table 1

Section 1 Sampling Techniques and Data

==> picture [97 x 42] intentionally omitted <==

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

  • Criteria JORC Code explanation SamplingNature and quality of sampling (e.g. cut channels, random chips, or specific techniques specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling.

  • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

  • Aspects of the determination of mineralisation that are Material to the Public Report.

  • In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information.

Commentary

ROCK/SOIL SAMPLING – HISTORICAL

  • Soil and rock chip sampling was undertaken by several different companies over the past +17 years (1998 and 2014) with the main explorers being Sons of Gwalia Ltd, MRG Metals and Bligh Resources Ltd.

  • Much of the historical sampling procedures have not been documented. It is expected that the sampling practice complies with industry best practice.

ROCK/SOIL SAMPLING – JUNE 2020

  • Soil sampling was generally completed on a grid basis between 50m and 100m spacing with the object to in‐fill areas from historical soil samples and soils were also taken when traversing other areas for known lithology outcrops for rock chip sampling.

  • Top soil was removed and soil samples were collected generally between 10‐15cm. Due to very limited regolith cover in many locations, some samples were collected at around 5cm depth.

  • Rock chip samples were collected from outcrop in‐situ lithology and a few rock chip samples were collected from historic mining dumps (non‐tailings rocks piles adjacent to shafts and pits).

  • Rock and soil samples collected were representative – averaging 640 grams for rocks and 1.1 kg for soils.

  • Sampling practice is appropriate and complies with industry best practice.

  • Bulk sample preparation and analysis was performed by ALS laboratories in Perth, following industry best practice standards.

  • DrillingDrill type (e.g. core, reverse circulation, open‐hole hammer, rotary air blast, auger,  Not Applicable – no drilling reported techniques Bangka, sonic, etc.) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face‐sampling bit or other type, whether core is oriented and if so, by what method, etc.).

24

Drill
sample
recovery
Method of recording and assessing core and chip sample recoveries and results
assessed.

Measures taken to maximise sample recovery and ensure representative nature of
the samples.

Whether a relationship exists between sample recovery and grade and whether
sample bias may have occurred due topreferential loss/gain of fine/coarse material.
Not Applicable – no drilling reported
Logging Whether core and chip samples have been geologically and geotechnically logged to
a level of detail to support appropriate Mineral Resource estimation, mining studies
and metallurgical studies.
Whether logging is qualitative or quantitative in nature. Core (or costean, channel,
etc) photography.
The total length andpercentage of the relevant intersections logged.
For rock chip samples logging is qualitative and descriptive.
Sub‐sampling
techniques
and
sample
preparation
If core, whether cut or sawn and whether quarter, half or all core taken.

If non‐core, whether riffled, tube sampled, rotary split, etc. and whether sampled
wet or dry.

For all sample types, the nature, quality and appropriateness of the sample
preparation technique.

Quality control procedures adopted for all sub‐sampling stages to maximise
representivity of samples.

Measures taken to ensure that the sampling is representative of the in situ material
collected, including for instance results for field duplicate/second‐half sampling.

Whether sample sizes are appropriate to the grain size of the material being
sampled.		 ROCK/SOIL SAMPLING – HISTORICAL

Much of the historical sampling procedures have not been
documented. It is expected that the sub‐sampling practice complies
with industry best practice.
ROCK/SOIL SAMPLING – JUNE 2020

Soil and rock chip samples were collected in dry conductions. Soil
samples were collected from between 5cm and 15cm depth
depending on regolith cover and the size of sample on average was
between 640g to 1.1 kg. Rock chips whole samples collected from
outcrop.

Insertion of standards and blanks by the company was not
necessary for the type of sampling undertaken. Routine QA/QC
processes at the ALS Laboratory included insertion of duplicates,
blanks and standards as per standard procedures.
Quality
of
assay
data
and
laboratory
tests
The nature, quality and appropriateness of the assaying and laboratory procedures
used and whether the technique is considered partial or total.

For geophysical tools, spectrometers, handheld XRF instruments, etc., the
parameters used in determining the analysis including instrument make and model,
reading times, calibrations factors applied and their derivation, etc.

Nature of quality control procedures adopted (e.g. standards, blanks, duplicates,
external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of
bias) and precision have been established.		 ROCK/SOIL SAMPLING – HISTORICAL

Internal company quality control and quality assurance have not
been documented.

Samples over the project area have been a variety of rock chips,
soils and LAG. Only relevant rock chip and soil samples have been
examined and reported. LAG samples were generally taken from
the same location to a soil sample.

A variety of assay methods from different laboratories were used
for gold mostly by fire assay.
ROCK/SOIL SAMPLING – JUNE 2020

25


157 soil samples and 112 rock chip samples were dispatched to ALS
Geochemistry in Kalgoorlie and then prepared and analysed in
Perth. ALS is an accredited/certified laboratory.

Soil samples were analysed for trace level (25g) gold and multi‐
elements using method AuME‐TL43 (aqua regia digestion with ICP –
MS finish). Multi‐element analysis includes Au, Ag, Al, As, B, Ba, Be,
Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, Hg, In, K, La, Li, Mg, Mn,
Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl,
U, V, W, T, Zn and Zr. Above detection limit for gold (1ppm) was
automatically assayed using method Au‐AROR43 – aqua regia
digestation.

Rock chip samples were analysed for aqua regia digestion with ICP‐
MS/AES finish for 38 elements (method ME‐MS43). Gold was
analysed for ore grade gold by Fire Assay(30 gram charge) with AAS
finish (Au‐AA25 method).
Verification of
sampling and
assaying
The verification of significant intersections by either independent or alternative
company personnel.

The use of twinned holes.

Documentation of primary data, data entry procedures, data verification, data
storage (physical and electronic) protocols.

Discuss any adjustment to assay data.		 ROCK/SOIL SAMPLING – HISTORICAL

Internal verification of significant intersections has not been
documented.

Data entry, data verification and data storage processes are
unknown. Historical data was sourced from annual reports lodged
to Government authorities.
ROCK/SOIL SAMPLING – JUNE 2020

Sampling sheets were used to record the samples and description
where applicable in the field and transferred to electronic format.

Soil and rock chip assays were received in electronic format from
ALS and were documented and verified by the Competent Person.

No assay adjustment was applied. Conversion of gold soil assays
from ppm to ppb was necessary for presenting geochemical
imagery.
Location
of
data points
Accuracy and quality of surveys used to locate drill holes (collar and down‐hole
surveys), trenches, mine workings and other locations used in Mineral Resource
estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.		 ROCK/SOIL SAMPLING – HISTORICAL

Samples were reported as been located with GPS. At least 5m
accuracy would be expected.

Grid system used for earlier samples was Australian Map Grid 84
(ADG84) Zone 51. The eastings and northings were converted to
MGA Geocentric Datum of Australia 1994 (GDA94) zone 51 with
high accuracy.

Grid system used to locate the vast majority of samples was
Geocentric Datum of Australia 1994 (GDA94) zone 51.

26

ROCK/SOIL SAMPLING – JUNE 2020

Samples were located with handheld GPS with x‐y accuracy of ±5m
and height relative to AHD.

Datum used was UTM MGA projection to GDA94 zone 51.
Data spacing
and
distribution
Data spacing for reporting of Exploration Results.

Whether the data spacing and distribution is sufficient to establish the degree of
geological and grade continuity appropriate for the Mineral Resource and Ore
Reserve estimation procedure(s) and classifications applied.

Whether sample compositing has been applied.		 ROCK/SOIL SAMPLING – HISTORICAL

Soil samples have generally been done on 200m x 100m spacing.

Much of the historical sampling procedures have not been
recorded.
ROCK/SOIL SAMPLING – JUNE 2020

Soil sampling was generally completed on a grid basis between 50m
and 100m spacing with the object to in‐fill areas from historical soil
samples and soils were also taken when traversing other areas for
known lithology outcrops for rock chip sampling.
Orientation of
data
in
relation
to
geological
structure
Whether the orientation of sampling achieves unbiased sampling of possible
structures and the extent to which this is known, considering the deposit type.

If the relationship between the drilling orientation and the orientation of key
mineralised structures is considered to have introduced a sampling bias, this should
be assessed and reported if material.		 ROCK/SOIL SAMPLING – HISTORICAL

Sample spacing and orientation appears to be reconnaissance in
nature.
ROCK/SOIL SAMPLING – JUNE 2020

Soil sample orientation was reconnaissance in nature with the
objective to in‐fill historical samples to somewhat verify historic
results but also target areas of geologic interest.

Rock chip samples were mostly taken from in‐situ outcrop targeting
known lithology. Some rock chip samples were taken from historic
mining dumps (non‐tailing rock piles). Structural orientation of
lithology was recorded for planning future exploration drilling
subject to assay results.
Sample
security
The measures taken to ensure sample security.		 ROCK/SOIL SAMPLING – HISTORICAL

Sample security measures during transport and sample preparation
are unknown. It is assumed that industry standard practices and
procedures were implemented.
ROCK/SOIL SAMPLING – JUNE 2020

Samples were secured in closed calico bags and at least three
samples were placed in heavy duty plastic bags for easy transport
to ALS. Samples were collected by a local transport company and
delivered to the laboratory.
Audits
or
reviews
The results of any audits or reviews of sampling techniques and data.		 ROCK/SOIL SAMPLING – HISTORICAL

27

  • No details sighted on any previous sampling reviews or audits. It is assumed that industry standard practices and procedures were implemented.

  • ROCK/SOIL SAMPLING – JUNE 2020  No external audits or reviewed have been completed.

Section 2 Reporting of Exploration Results

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

==> picture [97 x 42] intentionally omitted <==

Criteria JORC Code explanation Commentary
Mineral
tenement and
land
tenure
status
Nature and Type, reference name/number, location and ownership including
agreements or material issues with third parties such as joint ventures,
partnerships, overriding royalties, native title interests, historical sites, wilderness
or national park and environmental settings.

The security of the tenure held at the time of reporting along with any known
impediments to obtaining a licence to operate in the area.
Soil and rock chip samples were taken from within a subset of
Torian’s Diorite Block tenements as follows: P37/8868, P37/8881,
P37/8882, P37/8883, P37/8885, P37/8886 and P37/8887.

All tenements are granted and appear to be in good standing order.
Exploration
done by other
parties
Acknowledgment and appraisal of exploration by other parties.		 ROCK/SOIL SAMPLING – HISTORICAL

Soil and rock chip sampling was undertaken by several different
companies over the past +17 years (1998 and 2014) with the main
explorers being Sons of Gwalia Ltd, MRG Metals and Bligh
Resources Ltd.
Geology
Deposit type, geological setting and style of mineralisation.		 ROCK/SOIL SAMPLING – HISTORICAL

The description of regional and local geology has been reported in
this document.
Drill
hole
Information
A summary of all information material to the understanding of the exploration
results including a tabulation of the following information for all Material drill
holes:
o
easting and northing of the drill hole collar
o
elevation or RL (Reduced Level –elevation above sea level in metres) of the drill
hole collar
o
dip and azimuth of the hole
o
down hole length and interception depth
o
hole length.
Not Applicable – no drilling reported.

28


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
aggregation
methods
In reporting Exploration Results, weighting averaging techniques, maximum and/or
minimum grade truncations (e.g. cutting of high grades) and cut‐off grades are
usually Material and should be stated.

Where aggregate intercepts incorporate short lengths of high grade results and
longer lengths of low grade results, the procedure used for such aggregation should
be stated and some typical examples of such aggregations should be shown in
detail.

The assumptions used for any reporting of metal equivalent values should be clearly
stated.		 ROCK/SOIL SAMPLING – HISTORICAL

No weighting or cutting of gold values.

No metal equivalents have been used.

No weighted grade results have been used.
Relationship
between
mineralisation
widths
and
intercept
lengths
These relationships are particularly important in the reporting of Exploration
Results.

If the geometry of the mineralisation with respect to the drill hole angle is known,
its nature should be reported.

If it is not known and only the down hole lengths are reported, there should be a
clear statement to this effect (e.g. ‘down hole length, true width not known’).
Not Applicable – no drilling reported.
Diagrams
Appropriate maps and sections (with scales) and tabulations of intercepts 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.
Plan views and other diagrams are included in this document.
Balanced
reporting
Where comprehensive reporting of all Exploration Results is not practicable,
representative reporting of both low and high grades and/or widths should be
practiced to avoid misleading reporting of Exploration Results.
Selected representative assays for soils and rock chips are reported.
Other
substantive
exploration
data
Other exploration data, if meaningful and material, should be reported including
(but not limited to): geological observations; geophysical survey results;
geochemical survey results; bulk samples – size and method of treatment;
metallurgical test results; bulk density, groundwater, geotechnical and rock
characteristics; potential deleterious or contaminating substances.
All relevant information has been disclosed for these results as well
as historical results and production within the local region.
Further work
The nature and scale of planned further work (e.g. tests for lateral extensions or
depth extensions or large‐scale step‐out drilling).

Diagrams clearly highlighting the areas of possible extensions, including the main
geological interpretations and future drilling areas, provided this information is not
commercially sensitive.
Further exploration now being planned includes exploration drilling
once drill targets have been defined and permits granted.

29

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