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IGO LIMITED Capital/Financing Update 2006
65111_rns_2006-07-05_0bdff639-1334-474f-977d-c01749a25876.pdf
Capital/Financing Update
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6 July 2006
Australian Stock Exchange Limited Company Announcements Level 10, 20 Bond Street SYDNEY NSW 2000
NO. OF PAGES : $(8)$
TROPICANA JV - PROJECT UPDATE
Independence Group NL is pleased to announce significant new drilling results at the Tropicana Project as follows:-
Tropicana Zone (Table 1)
Hole TPRC106 was drilled on the southern end of the Tropicana Zone (Figure 2) and intersected 10m @ 2.0g/t Au from 77 metres.
Havana Zone (Table 2)
Hole TPRC140 intercepts are the most northerly data returned from the Havana Zone to date, up-dip from significant gold intercepts in holes TPRC141 and 142 (Figures 1 & 2).
Hole TPRC140 returned 7m @ 3.9g/t Au from 38 metres and 16m @ 2.1g/t Au from 48 metres.
Figure 1: Tropicana Prospect Havana Zone Showing Drill Results TPRC140 - TPRC142 Cross Sections
Figure 2: Tropicana Prospect Plan Showing Intercept Location, g/t Au m Thickness Contours, Significant Intercepts and Location of the Havana Zone
Independence Group NL previously released significant new drilling results on 4th July 2006. The company advises that the joint venture partners (Independence Group NL and AngloGold Ashanti Limited) are targeting a multi-million ounce gold deposit and that extensive drilling is required to bring the target to a JORC-Compliant resource level.
It is anticipated that a JORC-Compliant resource will be available for announcement by the partners in mid to late 2007.
| Hole No. | Northing | Easting | RL | Azimuth | Dip | E.O.H | From | To | Intercepts |
|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (degr) | (degr) | (m) | (m) | (m) | ||
| Tropicana Zone Diamond Drill Holes | |||||||||
| TPD001 | 6763126 | 650337 | 345 | 318 | $-61$ | 369 | 67.0 | 73.0 | 6.0 m @ 2.0 g/t Au |
| inc | 69.0 | 72.0 | 3.0 m @ 3.4 g/t Au | ||||||
| TPD002 | 6763051 | 650416 | 346 | 315 | $-61$ | 248 | 111.0 | 115.0 | 4.0 m @ 1.7 g/t Au |
| inc | 112.0 | 115.0 | 3.0 m @ 2.0 g/t Au | ||||||
| TPD004 | 6763155 | 650596 | 344 | 319 | $-61$ | 196 | 53.0 | 55.0 | 2.0 m @ 2.3 g/t Au |
| 105.0 | 119.0 | 14.0 m @ 2.2 g/t Au | |||||||
| Íпс | 105.0 | 110.0 | 5.0 m @ 3.6 g/t Au | ||||||
| 114.0 | 118.0 | 4.0 m @ 2.3 g/t Au | |||||||
| TPD007 | 6762974 | 650497 | 346 | 328 | $-60$ Íпc |
285 | 184.0 184.0 |
197.0 196.0 |
13.0 m @ 1.7 g/t Au |
| TPD003 | 6763122 | 650637 | 345 | 317 | $-60$ | 193 | 143.0 | 158.0 | 12.0 m @ 1.8 g/t Au 15.0 m @ 1.6 g/t Au |
| Íпс | 145.0 | 158.0 | 13.0 m @ 1.8 g/t Au | ||||||
| TPD008 | 6762881 | 650579 | 347 | 320 | $-70$ | 340 | 270.0 | 273.0 | 3.0 m @ 1.2 g/t Au |
| Íпс | 271.0 | 273.0 | 2.0 m @ 1.3 g/t Au | ||||||
| TPD009 | 6763441 | 650733 | 342 | 313 | $-60$ | 144 | 54.0 | 56.0 | 2.0 m @ 1.5 g/t Au |
| 68.0 | 81.0 | 13.0 m @ 1.3 g/t Au | |||||||
| Íпс | 70.0 | 78.0 | 8.0 m @ 1.7 g/t Au | ||||||
| 86.0 | 96.0 | 10.0 m @ 4.1 g/t Au | |||||||
| TPD010 | 6763387 | 650791 | 342 | 315 | $-60$ | 165 | 104.0 | 121.0 | 17.0 m @ 1.4 g/t Au |
| Íпс | 104.0 | 107.0 | 3.0 m @ 2.8 g/t Au | ||||||
| 110.0 | 112.0 | 2.0 m @ 2.4 g/t Au | |||||||
| 117.0 | 121.0 | 4.0 m @ 1.3 g/t Au | |||||||
| 125.0 | 144.0 | 19.0 m @ 4.7 g/t Au | |||||||
| Íпс | 126.0 | 142.0 | 16.0 m @ 5.4 g/t Au | ||||||
| 163.0 | 165.0 | 2.0 m @ 15.2 g/t Au | |||||||
| TPD011 | 6763696 | 650902 | 341 | 315 | $-60$ | 220 | 51.0 | 69.0 | 18.0 m @ 1.3 g/t Au |
| Íпс Íпс |
51.0 59.0 |
56.0 64.0 |
5.0 m @ 2.8 g/t Au | ||||||
| 73.0 | 81.0 | 5.0 m @ 1.1 g/t Au 8.0 m @ 2.8 g/t Au |
|||||||
| Íпс | 73.0 | 80.0 | 7.0 m @ 3.1 g/t Au | ||||||
| TPD012 | 6763960 | 651630 | 340 | 315 | $-60$ | 182 | 52.0 | 56.0 | 4.0 m @ 1.4 g/t Au |
| TPD013 | 6763746 | 651000 | 340 | 313 | $-60$ | 150 | 42.0 | 76.0 | 34.0 m @ 4.0 g/t Au |
| Íпс | 42.0 | 69.0 | 27.0 m @ 4.4 g/t Au | ||||||
| TPD023 | 6763113 | 650213 | 346 | 324 | $-54$ | 220 | 64.0 | 68.0 | 4.0 m @ 2.8 g/t Au |
| inc | 65.0 | 68.0 | 3.0 m @ 3.4 g/t Au | ||||||
| TPD024 | 6763042 | 650143 | 347 | 309 | $-57$ | 220 | 71.0 | 84.0 | 13.0 m @ 5.0 g/t Au |
| Íпс | 71.0 | 82.0 | 11.0 m @ 5.8 g/t Au | ||||||
| TPRC021D | 6763249 | 650924 | 342 | 319 | -66 | 301 | 219.0 | 248.0 | 29.0 m @ 4.4 g/t Au |
| iпc | 221.0 | 223.0 | 2.0 m @ 2.0 g/t Au | ||||||
| inc | 228.0 | 247.0 | 19.0 m @ 6.2 g/t Au | ||||||
| TPRC078D | 6763480 | 651119 | 341 | 315 | -60 | 271 | 179.0 | 210.0 | 31.0 m @ 1.1 g/t Au |
| TPRC079D | 6763597 | 651141 | 341 | 312 | Íпс $-62$ |
250 | 192.0 160.0 |
205.0 185.0 |
13.0 m @ 1.7 g/t Au 25.0 m @ 2.0 g/t Au |
| Íпc | 161.0 | 164.0 | 3.0 m @ 2.1 g/t Au | ||||||
| inc | 168.0 | 171.0 | 3.0 m @ 6.2 g/t Au | ||||||
| Íпс | 174.0 | 184.0 | 10.0 m @ 1.9 g/t Au | ||||||
| TPRC087D | 6763677 | 651071 | 336 | 310 | $-60$ | 350 | 109.0 | 136.0 | 27.0 m @ 1.5 g/t Au |
| iпc | 110.0 | 112.0 | 2.0 m @ 1.7 g/t Au | ||||||
| inc | 116.0 | 134.0 | 18.0 m @ 1.8 g/t Au | ||||||
Table 1: Tropicana Prospect - Tropicana Zone
| Hole No. | Northing | Easting | RL | Azimuth | Dip | E.O.H | From | Ťо | Intercepts |
|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | $(\text{degr})$ | (degr) | (m) | (m) | (m) | ||
| Tropicana Zone RC Drill Holes | |||||||||
| TPRC001 | 6762966 | 649934 | 347 | 319 | $-62$ | 159 | 102.0 | 118.0 | \$XX 16.0 m @ 1.4 g/t Au |
| incl | 110.0 | 117.0 | 7.0 m @ 2.4 g/t Au | ||||||
| 137.0 | 139.0 | 2.0 m @ 2.3 g/t Au | |||||||
| TPRC002 | 6762890 | 650003 | 347 | 317 | $-59$ | 200 | 152.0 | 154.0 | 2.0 m @ 1.4 g/t Au |
| TPRC007 | 6763091 | 650096 | 346 | 313 | $-58$ | 150 | 33.0 | 42.0 | 9.0 m @ 6.3 g/t Au |
| incl | 34.0 | 42.0 | 8.0 m @ 7.0 g/t Au | ||||||
| TPRC012 | 6763322 | 650570 | 342 | 310 | $-59$ | 129 | 49.0 | 60.0 | 11.0 m @ 1.7 g/t Au |
| incl | 49.0 | 57.0 | 8.0 m @ 2.3 g/t Au | ||||||
| TPRC019 | 6763494 | 650680 | 341 | 315 | $-59$ | 117 | 53.0 | 57.0 | 4.0 m @ 1.0 g/t Au |
| TPRC022 | 6763571 | 650746 | 341 | 315 | $-60$ | 147 | 38.0 | 40.0 | 2.0 m @ 1.2 g/t Au |
| 47.0 | 54.0 | 7.0 m @ 1.4 g/t Au | |||||||
| incl | 51.0 | 54.0 | 3.0 m @ 2.6 g/t Au | ||||||
| TPRC023 | 6763497 | 650818 | 341 | 317 | $-59$ | 171 | 39.0 | 62.0 | 23.0 m @ 2.1 g/t Au |
| incl | 39.0 | 54.0 | 15.0 m @ 2.4 g/t Au | ||||||
| incl | 58.0 | 61.0 | 3.0 m @ 2.8 g/t Au | ||||||
| TPRC024 | 6763426 | 650887 | 341 | 318 | -56 | 195 | 122.0 | 130.0 | 8.0 m @ 2.4 g/t Au |
| incl | 123.0 | 129.0 | 6.0 m @ 3.0 g/t Au | ||||||
| TPRC028 | 6763624 | 650974 | 340 | 315 | $-61$ | 176 | 104.0 | 125.0 | 21.0 m @ 1.2 g/t Au |
| incl | 105.0 | 109.0 | 4.0 m @ 3.6 g/t Au | ||||||
| TPRC029 | 6763554 | 651044 | 341 | 315 | $-63$ | 213 | 157.0 | 177.0 | 20.0 m @ 2.3 g/t Au |
| incl | 160.0 | 175.0 | 15.0 m @ 2.9 g/t Au | ||||||
| TPRC030 | 6763812 | 650929 | 340 | 326 | $-61$ | 150 | 21.0 | 24.0 | 3.0 m @ 3.8 g/t Au |
| TPRC031 | 6763742 | 650996 651066 |
340 | 321 | $-57$ $-60$ |
153 | 44.0 | 76.0 | 32.0 m @ 6.6 g/t Au |
| TPRC032 | 6763674 | 341 | 321 | incl | 180 | 109.0 111.0 |
135.0 134.0 |
26.0 m @ 1.6 g/t Au 23.0 m @ 1.6 g/t Au |
|
| TPRC057 | 6763413 | 650763 | 342 | 314 | $-62$ | 189 | 78.0 | 122.0 | 44.0 m @ 1.4 g/t Au |
| incl | 88.0 | 93.0 | 5.0 m @ 1.1 g/t Au | ||||||
| 104.0 | 121.0 | 17.0 m @ 2.6 g/t Au | |||||||
| TPRC059 | 6763888 | 651705 | 340 | 320 | -60 | 147 | 94.0 | 97.0 | 3.0 m @ 4.2 g/t Au |
| incl | 94.0 | 96.0 | 2.0 m @ 5.9 g/t Au | ||||||
| TPRC063 | 6764168 | 651990 | 346 | 314 | $-58$ | 150 | 47.0 | 51.0 | 4.0 m @ 1.1 g/t Au |
| TPRC066 | 6763443 | 650736 | 342 | 303 | $-61$ | 150 | 50.0 | 56.0 | 6.0 m @ 2.6 g/t Au |
| incl | 50.0 | 55.0 | 5.0 m @ 3.1 g/t Au | ||||||
| 67.0 | 69.0 | 2.0 m @ 2.8 g/t Au | |||||||
| 72.0 | 96.0 | 24.0 m @ 2.8 g/t Au | |||||||
| incl | 76.0 | 81.0 | 5.0 m @ 1.7 g/t Au | ||||||
| incl | 85.0 | 95.0 | 10.0 m @ 5.3 g/t Au | ||||||
| TPRC016 | 6763371 | 650663 | 343 | 315 | $-63$ incl |
153 | 50.0 50.0 |
71.0 69.0 |
21.0 m @ 2.0 g/t Au |
| TPRC017 | 6763300 | 650735 | 342 | 318 | $-62$ | 200 | 106.0 | 117.0 | 19.0 m @ 2.1 g/t Au 11.0 m @ 2.2 g/t Au |
| incl | 108.0 | 116.0 | 8.0 m @ 2.9 g/t Au | ||||||
| TPRC018 | 6763226 | 650808 | 343 | 316 | $-58$ | 180 | 152.0 | 165.0 | 13.0 m @ 1.8 g/t Au |
| incl | 159.0 | 165.0 | 6.0 m @ 2.9 g/t Au |
| Hole No. | Northing (m) |
Easting (m) |
RL (m) |
Azimuth (degr) |
Dip (degr) |
E.O.H (m) |
From (m) |
Ťо (m) |
Intercepts |
|---|---|---|---|---|---|---|---|---|---|
| Tropicana Zone RC Drill Holes (cont.) | |||||||||
| TPRC020 | 6763323 | 650853 | 342 | 317 | $-57$ | 336.5 | 152.0 | 167.0 | 15.0 m @ 1.0 g/t Au |
| incl | 153.0 | 156.0 | 3.0 m @ 1.2 g/t Au | ||||||
| incl | 159.0 | 165.0 | 6.0 m @ 1.4 g/t Au | ||||||
| 172.0 | 188.0 | 16.0 m @ 1.1 g/t Au | |||||||
| incl | 173.0 | 175.0 | 2.0 m @ 1.3 g/t Au | ||||||
| incl | 179.0 | 188.0 | 9.0 m @ 1.4 g/t Au | ||||||
| TPRC025 | 6763637 | 650818 | 341 | 315 | $-61$ | 123 | 35.0 | 77.0 | 42.0 m @ 3.3 g/t Au |
| incl | 35.0 | 43.0 | 8.0 m @ 2.6 g/t Au | ||||||
| incl | 56.0 | 74.0 | 18.0 m @ 6.0 g/t Au | ||||||
| TPRC026 | 6763569 | 650888 | 341 | 309 | $-61$ | 159 | 68.0 | 75.0 | 7.0 m @ 2.6 g/t Au |
| 81.0 | 85.0 | 4.0 m @ 1.4 g/t Au | |||||||
| incl | 104.0 104.0 |
112.0 108.0 |
8.0 m @ 2.4 g/t Au 4.0 m @ 4.4 g/t Au |
||||||
| TPRC027 | 6763498 | 650959 | 342 | 315 | $-64$ | 165 | 123.0 | 131.0 | 8.0 m @ 2.4 g/t Au |
| incl | 125.0 | 130.0 | 5.0 m @ 3.5 g/t Au | ||||||
| TPRC104 | 6762932 | 649828 | 346 | 323 | $-62$ | 150 | 98.0 | 100.0 | 2.0 m @ 1.0 g/t Au |
| TPRC105 | 6762862 | 649898 | 346 | 325 | $-59$ | 195 | 147.0 | 149.0 | 2.0 m @ 1.8 g/t Au |
| TPRC106 | 6763001 | 649901 | 341 | 315 | $-60$ | 150 | 72.0 | 74.0 | 2.0 m @ 1.8 g/t Au |
| 77.0 | 87.0 | 10.0 m @ 2.0 g/t Au | |||||||
| TPRC134 | 6761428 | 649494 | 361 | 315 | $-60$ | 147 | 36.0 | 48.0 | 12.0 m @ 1.0 g/t Au |
| incl | 36.0 | 43.0 | 7.0 m @ 1.4 g/t Au | ||||||
| Tropicana Zone RAB and Aircore Drill Holes | |||||||||
| TPA0027 | 6763182 | 650284 | 345 | 360 | -90 | 37 | 30.0 | 37.0 | 7.0 m @ 2.0 g/t Au |
| TPA0120 | 6763076 | 650107 | 346 | 0 | -90 | 61 | 41.0 | 51.0 | 10.0 m @ 2.4 g/t Au |
| 54.0 | 61.0 | 7.0 m @ 2.2 g/t Au | |||||||
| incl | 55.0 | 61.0 | 6.0 m @ 2.5 g/t Au | ||||||
| TPA0125 | 6763147 | 650319 | 345 | 315 | -60 | 61 | 52.0 | 60.0 | 8.0 m @ 1.2 g/t Au |
| incl | 53.0 | 59.0 | 6.0 m @ 1.4 g/t Au | ||||||
| TPA0133 | 6763498 | 650676 | 342 | 0 | $-90$ incl |
46 | 41.0 41.0 |
46.0 45.0 |
5.0 m @ 1.3 g/t Au 4.0 m @ 1.5 g/t Au |
| TPA0136 | 6763783 | 650814 | 340 | $\mathbb O$ | $-90$ | 49 | 19.0 | 23.0 | 4.0 m @ 3.2 g/t Au |
| incl | 19.0 | 22.0 | 3.0 m @ 4.0 g/t Au | ||||||
| TPA0182 | 6763568 | 652444 | 347 | $\pmb 0$ | -90 | 72 | 39.0 | 41.0 | 2.0 m @ 1.3 g/t Au |
| TPRB121 | 6763567 | 652588 | 348 | $-90$ | 61 | 44.0 | 48.0 | 4.0 m @ 1.1 g/t Au | |
| TPSL001 | 6763195 | 650272 | 344 | 315 | -60 | 83 | 34.0 | 39.0 | 5.0 m @ 1.1 g/t Au |
| incl | 34.0 | 37.0 | 3.0 m @ 1.5 g/t Au | ||||||
| TPSL003 | 6763154 | 650329 | 345 | 315 | -60 | 91 | 52.0 | 57.0 | 5.0 m @ 1.4 g/t Au |
| incl | 54.0 | 56.0 | 2.0 m @ 2.5 g/t Au | ||||||
| TPSL004 | 6763108 | 650348 | 345 | 315 | -60 | 105 | 78.0 | 82.0 | 4.0 m @ 1.9 g/t Au |
| incl | 79.0 | 82.0 | 3.0 m @ 2.2 g/t Au | ||||||
| TPSL005 | 6763221 | 650530 | 343 | 315 315 |
$-60$ | 100 | 79.0 79.0 |
92.0 84.0 |
13.0 m @ 1.9 g/t Au 5.0 m @ 1.5 g/t Au |
| 315 | 87.0 | 91.0 | 4.0 m @ 3.6 g/t Au |
| Hole No. | Northing (m) |
Easting (m) |
RL (m) |
Azimuth $(\text{degr})$ |
Dip (degr) |
E.O.H (m) |
From (m) |
Tο (m) |
Intercepts |
|---|---|---|---|---|---|---|---|---|---|
| Tropicana Zone RAB and Aircore Drill Holes (cont.) | |||||||||
| Hole No. | Northing | Easting | RL | Azimuth | Dip | E.O.H | From | Тo | Intercepts |
| (m) | (m) | (m) | (degr) | (degr) | (m) | (m) | (m) | ||
| TPSL010 | 6763095 | 650376 | 345 | 315 | -60 | 106 | 35.0 | 46.0 | 11.0 m @ 1.1 g/t Au |
| incl | 35.0 | 38.0 | 3.0 m @ 2.2 g/t Au | ||||||
| incl | 42.0 | 44.0 | 2.0 m @ 1.2 g/t Au | ||||||
| 102.0 | 105.0 | 3.0 m @ 1.9 g/t Au | |||||||
| TPSL013 | 6763263 | 650515 | 343 | 315 | $-60$ | 85 | 43.0 | 57.0 | 14.0 m @ 1.1 g/t Au |
| incl | 48.0 | 54.0 | 6.0 m @ 1.9 g/t Au | ||||||
| TPRB256 | 6763753 | 650845 | 340 | 315 | -60 | 100 | 52.0 | 54.0 | 2.0 m @ 1.2 g/t Au |
| TPRB264 | 6763849 | 651033 | 340 | 0 | $-90$ | 55 | 40.0 | 44.0 | 4.0 m @ 1.1 g/t Au |
| TPRB292 | 6764026 | 651847 | 343 | 0 | -90 | 52 | 36.0 | 40.0 | 4.0 m @ 1.4 g/t Au |
| TPSL021 | 6764078 | 651792 | 343 | 315 | -60 | 85 | 36.0 | 42.0 | 6.0 m @ 1.1 g/t Au |
| TPSL022 | 6764036 | 651837 | 343 | 315 | -60 | 94 | 38.0 | 40.0 | 2.0 m @ 1.0 g/t Au |
Table 2: Tropicana Prospect - Havana Zone
| Hole No. | Northing | Easting | RL. | Azimut h |
Dip | E.O.H | From | Ťо | Intercepts |
|---|---|---|---|---|---|---|---|---|---|
| (m) | (m) | (m) | (degr) | (degr) | (m) | (m) | (m) | ||
| Havana Zone Diamond Drill Holes | |||||||||
| TPRC139D | 6761499 | 649706 | 364 | 313 | $-61$ | 165 | 111.0 | 135.0 | 24.0 m @ 1.7 g/t Au |
| incl | 124.0 | 134.0 | 10.0 m @ 3.0 g/t Au | ||||||
| Havana Zone RC Drill Holes | |||||||||
| TPRC127 | 6760720 | 649070 | 361 | 320 | $-60$ | 150 | 135.0 | 139.0 | 4.0 m @ 1.9 g/t Au |
| TPRC130 | 6761006 | 649067 | 352 | 311 | $-56$ | 147 | 77.0 | 81.0 | 4.0 m @ 1.4 g/t Au |
| incl | 77.0 | 79.0 | 2.0 m @ 2.1g/t Au | ||||||
| 93.0 | 95.0 | 2.0 m @ 4.1 g/t Au | |||||||
| TPRC131 | 6760934 | 649137 | 352 | 312 | $-59$ | 147 | 101.0 | 103.0 | 2.0 m @ 1.1 g/t Au |
| 129.0 | 132.0 | 3.0 m @ 1.1 g/t Au | |||||||
| TPRC137 | 6761640 | 649565 | 362 | 313 | $-63$ | 141 | 35.0 | 44.0 | 9.0 m @ 1.1 g/t Au |
| incl | 36.0 | 41.0 | 5.0 m @ 1.4 g/t Au | ||||||
| 47.0 | 49.0 | 2.0 m @ 1.1 g/t Au | |||||||
| 58.0 | 73.0 | 15.0 m @ 1.9 g/t Au | |||||||
| incl | 58.0 | 69.0 | 11.0 m @ 2.4 g/t Au | ||||||
| 76.0 | 96.0 | 20.0 m @ 2.1 g/t Au | |||||||
| incl | 79.0 | 91.0 | 12.0 m @ 3.1 g/t Au | ||||||
| TPRC141 | 6761852 | 649636 | 360 | 313 | $-62$ | 147 | 31.0 | 57.0 | 26.0 m @ 1.8 g/t Au |
| incl | 31.0 | 44.0 | 13.0 m @ 1.5 g/t Au | ||||||
| incl | 47.0 | 56.0 | 9.0 m @ 2.9 g/t Au | ||||||
| 84.0 | 92.0 | 8.0 m @ 1.7 g/t Au | |||||||
| incl | 85.0 | 89.0 | 4.0 m @ 2.7 g/t Au | ||||||
| 96.0 | 107.0 | 11.0 m @ 1.4 g/t Au | |||||||
| incl | 100.0 | 103.0 | 3.0 m @ 3.3 g/t Au | ||||||
| 112.0 | 119.0 | 7.0 m @ 2.4 g/t Au | |||||||
| inci | 112.0 | 118.0 | 6.0 m @ 2.6 g/t Au |
| Hole No. | Northing (m) |
Easting (m) |
RL (m) |
Azimuth (degr) |
Dip (degr) |
E.O.H (m) |
From (m) |
Τo (m) |
Intercepts | |
|---|---|---|---|---|---|---|---|---|---|---|
| Havana Zone RC Drill Holes (cont.) | ||||||||||
| TPRC142 | 6761782 | 649706 | 362 | 317 | $-60$ | 189 | 86.0 | 109.0 | 23.0 m @ 1.8 g/t Au | |
| incl | 86.0 | 100.0 | 14.0 m @ 2.5 g/t Au | |||||||
| incl | 103.0 | 105.0 | 2.0 m @ 1.3 g/t Au | |||||||
| 142.0 | 168.0 | 26.0 m @ 2.0 g/t Au | ||||||||
| incl | 151.0 | 165.0 | 14.0 m @ 3.1 g/t Au | |||||||
| TPRC138 | 6761569 | 649636 | 363 | 315 | $-60$ | 165 | 31.0 | 38.0 | 4.0 m @ 1.4 g/t Au | |
| incl | 35.0 | 38.0 | 3.0 m @ 1.7 g/t Au | |||||||
| 79.0 | 81.0 | 2.0 m @ 2.2 g/t Au | ||||||||
| TPRC140 | 6761923 | 649565 | 359 | 315 | -60 | 147 | 38.0 | 45.0 | 7.0 m @ 3.9 g/t Au | |
| incl | 39.0 | 42.0 | 3.0 m @ 8.3 g/t Au | |||||||
| 48.0 | 64.0 | 16.0 m @ 2.1 g/t Au | ||||||||
| TPRC154 | 6761181 | 649176 | 357 | 315 | $-60$ | 147 | 83.0 | 92.0 | 9.0 m @ 1.0 g/t Au | |
| incl | 86.0 | 88.0 | 2.0 m @ 2.0 g/t Au | |||||||
| 119.0 | 121.0 | 2.0 m @ 2.3 g/t Au | ||||||||
| TPRC155 | 6761110 | 649247 | 357 | 315 | $-60$ | 177 | 107.0 | 125.0 | 18.0 m @ 1.2 g/t Au | |
| incl | 119.0 | 124.0 | 5.0 m @ 2.7 g/t Au | |||||||
| 132.0 | 140.0 | 8.0 m @ 1.0 g/t Au | ||||||||
| incl | 137.0 | 139.0 | 2.0 m @ 1.9 g/t Au | |||||||
| 163.0 | 165.0 | 2.0 m @ 1.2 g/t Au | ||||||||
| Havana Zone RAB and Aircore Drill Holes | ||||||||||
| TPA783 | 6760714 | 649059 | 360 | $\pmb{\mathrm{0}}$ | -90 | 67 | 64.0 | 67.0 | 3.0 m @ 1.5 g/t Au | |
| TPA792 | 6760997 | 649059 | 353 | 0 | $-90$ | 45 | 40.0 | 44.0 | 4.0 m @ 3.3 g/t Au | |
| TPA810 | 6761492 | 649412 | 359 | $\,0\,$ | $-90$ | 37 | 8.0 | 12.0 | 4.0 m @ 4.0 g/t Au | |
| TPA825 | 6761634 | 649553 | 361 | $\pmb 0$ | $-90$ | 38 | 32.0 | 38.0 | 6.0 m @ 3.0 g/t Au | |
| incl | 32.0 | 36.0 | 4.0 m @ 4.1 g/t Au | |||||||
| TPA835 | 6761917 | 649553 | 359 | $\mathbb O$ | $-90$ | 47 | 32.0 | 40.0 | 8.0 m @ 2.4 g/t Au | |
| 44.0 | 47.0 | 3.0 m @ 1.6 g/t Au |
(Tables 1 - 2 Intercept Parameters - Minimum intercept 2m @ 0.5glt, Lower cut off grade 0.5glt, Maximum Consecutive Waste 2m, Minimum intercept grade 1glt, No top cut s have been applied.)
Chander Runt
CHRISTOPHER BONWICK Managing Director
Note: The information in this report that relates to Exploration Results, Mineral Resources or Ore Reserves is based on information compiled by Mr Christopher M Bonwick who is a full-time employee of the Company and is a member of the Australasian Institute of Mining and Metallurgy. Christopher Bonwick 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 2004 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Christopher Bonwick consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Forward-Looking Statements: This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Independence Group NL's planned exploration program and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may," "potential," "should," and similar expressions are forward-looking statements. Although Independence Group NL believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.
| Board of Directors Rod Marston Chris Bonwick Kelly Ross John Christie Oscar Aamodt |
Non-Executive Chairman Managing Director Executive Director Non-Executive Director Non-Executive Director |
Stock Exchange Listing Australian Stock Exchange ASX Code: IGO |
|---|---|---|
| Contact Telephone: Facsimile: Email: Website: |
$(08)$ 9367-2755 $(08)$ 9367-3288 [email protected] www.igo.com.au |
Shareholder Enquiries Contact: Chris Bonwick |
| Share Registry Security Transfer Registrars Pty Ltd 770 Canning Highway Applecross, WA 6153 Telephone: Facsimile: |
$(08)$ 9315-0933 $(08)$ 9315-2233 |
Substantial Shareholders 7.51% MIR Investment Management 5.27% Barclays Global Investors Australia |
| Capital Structure Ordinary Shares Unlisted Options Various Expiry Dates |
112,271,107 5,296,850 |
Address PO Box 893 SOUTH PERTH, WA, 6951 |