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KINGFISHER MINING LTD — Regulatory Filings 2021
Sep 8, 2021
65177_rns_2021-09-08_a2691919-37fe-482d-8ee2-b63d019024c9.pdf
Regulatory Filings
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ASX Announcement: 9 September 2021
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NEW COPPER AND GOLD MINERALISATION DISCOVERED FROM ON-GOING EXPLORATION AT BOOLALOO
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New high-grade copper and associated gold mineralisation discovered at the Green Hills Prospect, with rock chip assays results up to 24.3% copper and 0.59 g/t gold.
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Rock chip results of 5.73% Cu and 5.74 g/t Au as well as 7.06% Cu and 0.52 g/t Au returned from infill sampling at the Eagles Rest Prospect and from a newly identified parallel structure at Lag Anomaly, respectively.
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The Green Hills Prospect is included as part of the scheduled RC drilling program commencing this month.
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Fieldwork to continue in Q4 2021, including mapping and infill rock chip sampling.
Kingfisher Mining Limited ( ASX:KFM ) (“ Kingfisher ” or the “ Company” ) is pleased to provide an update of its on-going exploration at its 100% owned Boolaloo Project in the Ashburton Basin of Western Australia.
Assay results from the second batch of samples from the on-going regional mapping and rock chip sampling program at Boolaloo have been received by the Company. The program is targeting copper and gold mineralisation within laterally extensive alteration corridors identified by the Company during Q1 2021 (see ASX announcement 17 February 2021) and has already led to the identification of two new areas of high-grade copper and gold mineralisation (see ASX announcement 5 July 2021).
The latest analytical results confirm the discovery of copper and gold mineralisation at the new Green Hills Prospect (photographs 1 and 2). Significant copper and gold results were also returned from infill sampling at the Eagles Rest Prospect (Photograph 3) and from a newly identified parallel structure at the Lag Anomaly Prospect.
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Photographs 1 and 2: Outcropping mineralisation at the newly discovered Green Hills Prospect and rock chip sample BLGS0240 which returned results of 24.30% Cu and 0.59 g/t Au.
ABN: 96 629 675 216 Registered Address: Level 11, London House, 216 St Georges Terrace, Perth WA 6000 AUSTRALIA Postal Address: GPO Box 2517 Perth WA 6831 AUSTRALIA P: +61 8 9481 0389 F: +61 8 9463 6103 E: [email protected] W: www.kingfishermining.com.au Non-Executive Chairman: Warren Hallam Executive Director/CEO: James Farrell Non-Executive Director: Adam Schofield Non-Executive Director: Scott Huffadine Company Secretary: Stephen Brockhurst
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Significant rock chip results received in the latest batch of samples are listed below.
New mineralisation discovery: Green Hills Prospect:
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BLGS0233: 2.32% Cu and 0.04 g/t Au
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BLGS0240: 24.30% Cu and 0.59 g/t Au
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BLGS0241: 5.84% Cu and 1.23 g/t Au
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BLGS0247: 4.90% Cu and 0.29 g/t Au
Eagles Rest:
- BLGS0217: 5.73% Cu and 5.74 g/t Au
Lag Anomaly:
- BLGS0192: 7.06% Cu and 0.52 g/t Au
Results from all of the rock chip samples received to date are shown in Figure 1, which includes results from newly discovered Green Hills Prospect and the newly identified parallel mineralisation at Lag Anomaly and infill sampling at Eagles Rest.
Kingfisher’s Executive Director and CEO James Farrell commented: “The latest results confirm the discovery of mineralisation at the Green Hills and the Lag Anomaly Prospect and add to the two other areas of newly identified mineralisation announced by the Company in July.
The new discoveries highlight the potential for discovery of new areas of copper and gold mineralisation in this emerging region; the Ashburton Basin.
The Company has now scheduled an RC drill campaign to commence in the coming weeks to complete first-pass drilling at Green Hills, Erny Bore and one of the bedrock conductor targets identified from the recent airborne electromagnetic survey. The drill program at Boolaloo will follow the planned drilling at Kingfisher and Mick Well where the Company is targeting Volcanogenic Massive Sulphide mineralisation”.
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Photograph 3: Malachite-rich sample BLGS0217 (5.73% Cu and 5.74 g/t Au) from infill sampling at Eagles Rest.
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----- Start of picture text -----
Legend
Cu %
Au g/t
0.0 – 0.1
0.1 – 0.5
0.5 – 1.0
1.0 – 5.0
>5.0
EM1 Green Hills: Mineralised
2.32% Cu, 0.04 g/t Au
24.30% Cu, 0.59 g/t Au Structure
Lag Anomaly: 7.06% Cu, 0.52 g/t Au Erny Bore 5.84% Cu, 1.23 g/t Au KFM EL (Granted)
4.90% Cu, 0.29 g/t Au
KFM EL (Pending)
Eagles Rest: 5.73% Cu, 5.74 g/t Au
2 km
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Figure 1: Boolaloo Project area, showing all of the current rock chip samples and interpreted mineralised structures. The aerial image is limited to the boundary of the Company’s tenure and a detailed map of the Copper Strike Prospect is shown in Figure 2.
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Boolaloo Project
The Boolaloo copper-gold and base metal project is located approximately 160km west of Paraburdoo and 35km southwest of the Paulsen's gold mine in the Ashburton region of Western Australia (Figure 3). The Company has pegged exploration licences over the potential strike extents of the interpreted mineralised structures, giving a significant strategic holding in an emerging province and tenure which now covers more than 30km of strike of the interpreted mineralised structures.
Past exploration has established the potential for the discovery of copper mineralisation at the project, with previous reverse circulation (RC) and recent diamond drilling returning very encouraging results which include:
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4m @ 1.06% Cu & 1.40 g/t Au from 109m, including 1m @ 1.41% Cu & 2.70 g/t Au from 110m (MIRC002)[ 2] ;
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3m @ 1.83% Cu & 1.12 g/t Au from 96m, including 1m @ 3.14% Cu & 1.38 g/t Au from 96m (MIRC004)[ 2] ;
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2m @ 1.44% Cu & 1.36 g/t Au from 137m, including 1m @ 2.28% Cu & 2.28 g/t Au from 138m (MIRC009)[ 2] ;
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3m @ 3.05% Cu & 0.57 g/t Au from 63m, including 2m @ 3.90% Cu & 0.77 g/t Au from 63m (MIRC013)[1] ; and
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2m @ 3.81% Cu & 0.62 g/t Au from 62m (MIRC027)[3] .
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10.05m at 0.84% Cu and 0.11 g/t Au from 23.15m, including 2.7m at 1.45% Cu and 0.14 g/t Au from 23.15m and 0.85m at 2.68% Cu and 0.49 g/t Au from 32.35m (BLDD003)[4] .
Past exploration has also established significant mineralisation strike lengths at K15 and K16, with the K16 mineralised zone being intersected over a strike length of 1.5km.
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Legend
Ashburton Production 909 koz Au Paulsens Gold Mine (NST) i, Resources 209 koz Auii
Mt Clement Project (NST) Resources 64 koz Auiii EL08/3317
Erny Bore (Au)
K16
Copper Strike
Fault
Tenements
Kingfisher Mining (Granted)
Kingfisher Mining (Pending)
Northern Star Resources
Cazaly Resources
25 km
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Figure 2: Location of the Boolaloo Project in the Ashburton Mineral Field showing the 1:2,500,000 geology map of Western Australia. Selected tenements of other companies active in the Ashburton Basin are also shown. Refer to the previous announcements section of this release for detailed information on the past production[i] and resources[ii] of Paulsens Gold Mine and Mt Clement Project[iii] .
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This announcement has been authorised by the Board of Directors of the Company.
Ends
For further information, please contact:
Kingfisher Mining Limited
James Farrell, Executive Director Ph: +61 (08) 9481 0389 E: [email protected]
Media & Investor Enquiries
Peter Taylor, NWR Communications Ph: +61 412 036 231 E: [email protected]
About Kingfisher Mining Limited
Kingfisher Mining Limited ( ASX:KFM ) is a mineral exploration company committed to increasing shareholder wealth through the acquisition, exploration and development of mineral resource projects throughout Western Australia. The Company’s tenements and tenement applications cover 1,406km[2] in the underexplored Ashburton and Gascoyne Mineral Fields.
The Company has secured significant landholdings across the interpreted extensions to its advanced copper-gold exploration targets giving it more than 30km of strike across the Boolaloo Project target geology in the Ashburton Basin and more than 50km of strike across the target geological unit that covers the Kingfisher and Mick Well Projects in the Gascoyne region.
To learn more please visit: www.kingfishermining.com.au
Previous ASX Announcements
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1 Kingfisher Mining Limited Prospectus, 9 November 2020 and WAMEX Reports a079570 and a076055.
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2 ASX Announcement ‘Boolaloo Drill Results Confirm Copper-Gold Potential’. Jackson Gold Limited (ASX:JAK), 8 May 2007.
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3 ASX Announcement ‘Exploration Update – Argentina and Australia’. Jackson Gold Limited (ASX:JAK), 27 August 2008.
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4 ASX Announcement ‘Maiden Diamond Drilling Results Confirm Multiple Copper Zones at Boolaloo’. Kingfisher Mining Limited (ASX:KFM), 12 August 2021.
Information Sources for Figure 2
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i. Paulsens Gold Mine past production: Northern Star Paulsens Gold Operations Fact Sheet dated July 2018: https://www.nsrltd.com/wp-content/uploads/2018/08/NSR-Paulsens-Operations-FactSheet-July-2018.pdf
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ii. Paulsens Gold Mine resources: ASX Announcement “Production set to increase 30% over next two years and costs to fall 10%” released 13 August 2020. https://www.nsrltd.com/wpcontent/uploads/2020/08/Resources-and-Reserves-Production-and-Cost-Guidance-Update-exKCGM-13-08-2020.pdf
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iii. Mt Clement resources: Artemis Resources Limited Annual Report to Shareholders for year ended 30 June 2019.
Forward-Looking Statements
This announcement may contain forward-looking statements which involve a number of risks and uncertainties. These forward-looking statements are expressed in good faith and believed to have a
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reasonable basis. These statements reflect current expectations, intentions or strategies regarding the future and assumptions based on currently available information. Should one or more of the risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary from the expectations, intentions and strategies described in this announcement. No obligation is assumed to update forward looking statements if these beliefs, opinions, and estimates should change or to reflect other future developments.
Competent Persons Statements
The information in this report that relates to Exploration Results is based on information compiled by Mr James Farrell, a geologist and Executive Director / CEO employed by Kingfisher Mining Limited. Mr Farrell is a Member of the Australian Institute of Geoscientists and has sufficient experience that is relevant to this style of mineralisation and type of deposit under consideration and to the activity that is being reported on 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 Farrell consents to the inclusion in the report of the matters in the form and context in which it appears.
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Annexure 1: Rock Chip Sample Locations
| Sample ID | Easting | Northing | Cu (%) | Au (g/t) | Sample ID | Easting | Northing | Cu (%) | Au (g/t) | |
|---|---|---|---|---|---|---|---|---|---|---|
| BLGS0163 | 407575 | 7466966 | 0.00 | -0.01 | BLGS0218 | 409464 | 7465139 | 0.02 | 0.76 | |
| BLGS0164 | 407553 | 7466968 | 0.01 | 0.02 | BLGS0219 | 409458 | 7465137 | 0.01 | 0.02 | |
| BLGS0165 | 407455 | 7466938 | 0.00 | -0.01 | BLGS0220 | 413794 | 7467434 | 0.01 | -0.01 | |
| BLGS0166 | 407453 | 7466937 | 0.00 | 0.02 | BLGS0221 | 413750 | 7467424 | 0.04 | 0.03 | |
| BLGS0167 | 407362 | 7466943 | 0.01 | 0.02 | BLGS0222 | 413707 | 7467458 | 0.02 | 0.03 | |
| BLGS0168 | 407308 | 7466951 | 0.00 | -0.01 | BLGS0223 | 413654 | 7467587 | 0.00 | -0.01 | |
| BLGS0169 | 407270 | 7466951 | 0.01 | 0.01 | BLGS0224 | 409046 | 7467917 | 0.00 | -0.01 | |
| BLGS0170 | 407058 | 7466969 | 0.03 | 0.01 | BLGS0225 | 409052 | 7467890 | 0.04 | 0.49 | |
| BLGS0171 | 406653 | 7466960 | 0.01 | -0.01 | BLGS0226 | 408811 | 7467877 | 0.04 | 0.01 | |
| BLGS0172 | 406537 | 7467029 | 0.00 | -0.01 | BLGS0227 | 408911 | 7467882 | 0.00 | -0.01 | |
| BLGS0173 | 406602 | 7467074 | 0.00 | -0.01 | BLGS0228 | 408907 | 7467875 | 0.00 | -0.01 | |
| BLGS0174 | 406798 | 7467036 | 0.02 | -0.01 | BLGS0229 | 409875 | 7468144 | 0.00 | -0.01 | |
| BLGS0175 | 407035 | 7467070 | 0.00 | -0.01 | BLGS0230 | 409693 | 7468202 | 0.00 | -0.01 | |
| BLGS0176 | 407097 | 7467065 | 0.00 | -0.01 | BLGS0231 | 409641 | 7468087 | 0.01 | -0.01 | |
| BLGS0177 | 407468 | 7467155 | 0.00 | -0.01 | BLGS0232 | 410306 | 7467922 | 0.00 | -0.01 | |
| BLGS0178 | 407705 | 7467158 | 0.00 | -0.01 | BLGS0233 | 410289 | 7468026 | 2.32 | 0.04 | |
| BLGS0179 | 407310 | 7467044 | 0.00 | -0.01 | BLGS0234 | 410279 | 7468030 | 1.72 | 0.09 | |
| BLGS0180 | 407248 | 7467036 | 0.03 | 0.06 | BLGS0235 | 410232 | 7468132 | 0.03 | -0.01 | |
| BLGS0181 | 407203 | 7467000 | 0.04 | 0.14 | BLGS0236 | 410354 | 7468124 | 0.06 | 0.03 | |
| BLGS0182 | 407158 | 7466960 | 0.02 | -0.01 | BLGS0237 | 409022 | 7465995 | 0.01 | 0.01 | |
| BLGS0183 | 406938 | 7466981 | 0.00 | -0.01 | BLGS0238 | 408775 | 7465917 | 0.02 | -0.01 | |
| BLGS0184 | 406925 | 7467006 | 0.00 | 0.02 | BLGS0239 | 410828 | 7468028 | 0.00 | 0.01 | |
| BLGS0185 | 406673 | 7467029 | 0.01 | 0.01 | BLGS0240 | 410295 | 7468041 | 24.30 | 0.59 | |
| BLGS0186 | 406491 | 7467019 | 0.01 | -0.01 | BLGS0241 | 410284 | 7468040 | 5.84 | 1.23 | |
| BLGS0187 | 406320 | 7467006 | 0.01 | -0.01 | BLGS0242 | 410259 | 7468041 | 0.04 | -0.01 | |
| BLGS0188 | 406188 | 7467006 | 0.02 | -0.01 | BLGS0243 | 410144 | 7468187 | 0.01 | -0.01 | |
| BLGS0189 | 406006 | 7467032 | 0.00 | -0.01 | BLGS0244 | 410131 | 7468220 | 1.20 | 0.03 | |
| BLGS0190 | 405845 | 7467030 | 0.00 | -0.01 | BLGS0245 | 410106 | 7468085 | 0.20 | 0.06 | |
| BLGS0191 | 407786 | 7466888 | 0.00 | -0.01 | BLGS0246 | 410199 | 7468082 | 0.07 | 0.49 | |
| BLGS0192 | 405836 | 7467026 | 7.06 | 0.52 | BLGS0247 | 410316 | 7467933 | 4.90 | 0.29 | |
| BLGS0193 | 405601 | 7467034 | 0.05 | -0.01 | BLGS0248 | 410315 | 7467927 | 0.66 | 0.58 | |
| BLGS0194 | 405493 | 7467039 | 0.01 | -0.01 | ||||||
| BLGS0195 | 405789 | 7467084 | 0.01 | -0.01 | ||||||
| BLGS0196 | 405876 | 7467063 | 0.10 | 0.01 | ||||||
| BLGS0197 | 405943 | 7467102 | 0.00 | -0.01 | ||||||
| BLGS0198 | 406157 | 7467245 | 0.00 | 0.02 | ||||||
| BLGS0199 | 407837 | 7466893 | 0.01 | -0.01 | ||||||
| BLGS0200 | 408205 | 7466920 | 0.01 | -0.01 | ||||||
| BLGS0201 | 408270 | 7466897 | 0.01 | 0.02 | ||||||
| BLGS0202 | 408637 | 7466772 | 0.01 | -0.01 | ||||||
| BLGS0203 | 408694 | 7466775 | 0.00 | -0.01 | ||||||
| BLGS0204 | 408792 | 7466761 | 0.01 | 0.02 | ||||||
| BLGS0205 | 408838 | 7466769 | 0.01 | -0.01 | ||||||
| BLGS0206 | 409464 | 7466672 | 0.00 | -0.01 | ||||||
| BLGS0207 | 409543 | 7466686 | 0.00 | -0.01 | ||||||
| BLGS0208 | 409843 | 7466785 | 0.00 | -0.01 | ||||||
| BLGS0209 | 409893 | 7466745 | 0.00 | -0.01 | ||||||
| BLGS0210 | 409374 | 7466577 | 0.00 | -0.01 | ||||||
| BLGS0211 | 401902 | 7465813 | 0.00 | -0.01 | ||||||
| BLGS0212 | 399912 | 7463931 | 0.01 | -0.01 | ||||||
| BLGS0213 | 400079 | 7463841 | 0.01 | 0.04 | ||||||
| BLGS0214 | 404137 | 7464346 | 0.00 | -0.01 | ||||||
| BLGS0215 | 404305 | 7464268 | 0.00 | -0.01 | ||||||
| BLGS0216 | 409271 | 7465133 | 0.12 | 0.71 | ||||||
| BLGS0217 | 409275 | 7465128 | 5.73 | 5.74 |
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JORC Code, 2012 Edition – Table 1
Section 1 Sampling Techniques and Data
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Sampling | • Nature and quality of sampling (eg cut channels, random chips, or specific | • Rock chip samples were taken as individual rocks representing an |
| techniques | specialised industry standard measurement tools appropriate to the | outcrop or mineralised zone to give an indication of possible |
| minerals under investigation, such as down hole gamma sondes, or | grades and widths that can be expected from drilling. | |
| handheld XRF instruments, etc). These examples should not be taken as | • Individual rock samples can be biased towards higher grade | |
| limiting the broad meaning of sampling. | mineralisation. | |
| • Include reference to measures taken to ensure sample representivity and the | ||
| appropriate calibration of any measurement tools or systems used. | ||
| • Aspects of the determination of mineralisation that are Material to the | ||
| Public Report. | ||
| • In cases where ‘industry standard’ work has been done this would be | ||
| relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m | ||
| samples from which 3 kg was pulverised to produce a 30 g charge for fire | ||
| assay’). In other cases more explanation may be required, such as where | ||
| there is coarse gold that has inherent sampling problems. Unusual | ||
| commodities or mineralisation types (eg submarine nodules) may warrant | ||
| disclosure of detailed information. | ||
| Drilling | • Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, | • No new drilling results are included in this report. |
| techniques | auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard | |
| tube, depth of diamond tails, face-sampling bit or other type, whether core | ||
| _is oriented and if so, by what method, etc). _ | ||
| Drill sample | • Method of recording and assessing core and chip sample recoveries and | • No new drilling results are included in this report. |
| recovery | 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 to preferential loss/gain of | ||
| fine/coarse material. | ||
| Logging | • Whether core and chip samples have been geologically and geotechnically | • Basic geology, alteration and mineralisation descriptions were |
| logged to a level of detail to support appropriate Mineral Resource | recorded for the rock chip samples. | |
| estimation, mining studies and metallurgical studies. | • No new drilling results are included in this report. |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| • Whether logging is qualitative or quantitative in nature. Core (or costean, | ||
| channel, etc) photography. | ||
| • 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. | • The entire rock chip sample was submitted for analysis. |
| techniques | • If non-core, whether riffled, tube sampled, rotary split, etc and whether | • Rock chip samples were crushed and pulverised to a nominal 85% |
| and sample | sampled wet or dry. | passing 75 microns. |
| preparation | • For all sample types, the nature, quality and appropriateness of the sample preparation technique. |
• No new drilling results are included in this report. |
| • 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. | ||
| Quality of | • The nature, quality and appropriateness of the assaying and laboratory | • Rock chip samples were analysed using inductively coupled |
| assay data and | procedures used and whether the technique is considered partial or total. |
plasma - optical emission spectrometry for multi-element |
| laboratory | • For geophysical tools, spectrometers, handheld XRF instruments, etc, the | chemistry and fire assay to determine total gold content. |
| tests | parameters used in determining the analysis including instrument make and | • Laboratory duplicates were submitted at a rate in 1:50 samples to |
| model, reading times, calibrations factors applied and their derivation, etc. | monitor analytical precision. | |
| • Nature of quality control procedures adopted (eg standards, blanks, | ||
| duplicates, external laboratory checks) and whether acceptable levels of | ||
| accuracy (ie lack of bias) andprecision have been established. | ||
| Verification of | • The verification of significant intersections by either independent or | • Independent checks or field duplicates were not conducted and |
| sampling and | alternative company personnel. | are not considered necessary for the reported rock chips results. |
| assaying | • 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. | ||
| Location of | • Accuracy and quality of surveys used to locate drill holes (collar and down- | • Rock chip sample locations were surveyed by the geologist using |
| data points | hole surveys), trenches, mine workings and other locations used in Mineral | a handheld GPS and a believed to have a horizontal accuracy of |
| Resource estimation. | ±5m. | |
| • Specification of thegrid system used. |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| • Quality and adequacy of topographic control. | ||
| Data spacing | • Data spacing for reporting of Exploration Results. | • Rock chip samples are typically biased towards only part of the |
| and | • Whether the data spacing and distribution is sufficient to establish the | target geology and are not sufficient to establish geological and |
| distribution | degree of geological and grade continuity appropriate for the Mineral | grade continuity. |
| Resource and Ore Reserve estimation procedure(s) and classifications | • No drilling results are included in this report. | |
| applied. | ||
| • Whether sample compositing has been applied. | ||
| Orientation of | • Whether the orientation of sampling achieves unbiased sampling of possible | • Rock chip samples were selected to target copper and gold |
| data in | structures and the extent to which this is known, considering the deposit | mineralisation as well as regional sighter samples for geological |
| relation to | type. | interpretation. |
| geological structure |
• 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. |
• The samples were selected based on geology, mineralisation and alteration and were selected from targeted mineralisation are biased towards that mineralisation style. |
| • No drilling results are included in this report. | ||
| Sample | • The measures taken to ensure sample security. | • Samples were given individual samples numbers for tracking. |
| security | • The sample chain of custody was overseen by the Company’s | |
| geologists. Samples were transported to Perth in a sealed bulka | ||
| bag and subsequently to the laboratory by Company personnel. | ||
| Audits or | • The results of any audits or reviews of sampling techniques and data. | • The rock chip results have not been audited. |
| reviews |
Section 2 Reporting of Exploration Results
| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Mineral | • Type, reference name/number, location and ownership including | • The Boolaloo copper-gold and base metal project is located |
| tenement and | agreements or material issues with third parties such as joint ventures, | approximately 160km west of Paraburdoo and 35km southwest |
| land tenure | partnerships, overriding royalties, native title interests, historical sites, | of the Paulsen's gold mine in the Ashburton region of Western |
| status | wilderness or national park and environmental settings. | Australia. |
| • The security of the tenure held at the time of reporting along with any | • The project includes two granted Exploration Licences, E08/2945 | |
| known impediments to obtaining a licence to operate in the area. | and E08/3067 as well as three Exploration Licence applications, | |
| E08/3246,E08/3247 and E08/3317. |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| • The tenements are controlled by Kingfisher Mining Ltd. | ||
| • The tenements lie within Native Title Determined Areas of the | ||
| Thudgarri People, combined Thiin-Mah, Warriyangka, Tharrkari | ||
| and Jiwarli People and the Jurruru People. | ||
| • All the tenements are in good standing with no known | ||
| impediments. | ||
| Exploration done | • Acknowledgment and appraisal of exploration by other parties. | • Historic exploration work in the area was dominantly undertaken |
| by other parties | by Jackson Gold Ltd between 2006 and 2011. | |
| Geology | • Deposit type, geological setting and style of mineralisation. | • The Boolaloo area is prospective for sediment-hosted and shear- |
| associated Cu, Cu-Au and Au mineralisation. | ||
| Drill hole | • A summary of all information material to the understanding of the | • No new drilling results are included in this report. |
| 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 aggregation | • In reporting Exploration Results, weighting averaging techniques, |
• No new drilling results are included in this report. |
| methods | maximum and/or minimum grade truncations (eg cutting of high grades) | |
| and cut-off grades are usually Material and should be stated. | ||
| • Where aggregate intercepts incorporate short lengths of high grade | ||
| results and longer lengths of low grade results, the procedure used for | ||
| such aggregation should be stated and some typical examples of such | ||
| aggregations should be shown in detail. | ||
| • The assumptions used for any reporting of metal equivalent values should | ||
| be clearly stated. |
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| Criteria | JORC Code explanation | Commentary |
|---|---|---|
| Relationship | • These relationships are particularly important in the reporting of | • No new drilling results are included in this report. |
| between | Exploration Results. | |
| mineralisation | • If the geometry of the mineralisation with respect to the drill hole angle is | |
| widths and | known, its nature should be reported. | |
| intercept lengths | • If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true |
|
| _width not known’). _ | ||
| Diagrams | • Appropriate maps and sections (with scales) and tabulations of intercepts | • A map showing all available data has been included in the report |
| should be included for any significant discovery being reported These | along with documentation. | |
| 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 | • All of the rock chip samples are included in Annexure 1 and in the |
| reporting | practicable, representative reporting of both low and high grades and/or | diagrams in this report. |
| widths should be practiced to avoid misleading reporting of Exploration | ||
| Results. | ||
| Other | • Other exploration data, if meaningful and material, should be reported | • All of the rock chip samples are included in this report. |
| substantive | including (but not limited to): geological observations; geophysical survey | • All historic rock chip and drill hole information was previously |
| exploration data | results; geochemical survey results; bulk samples – size and method of | reported by Jackson Gold Limited and subsequently by Kingfisher. |
| 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 | • The company has planned follow-up mapping and rock chip |
| extensions or depth extensions or large-scale step-out drilling). | sampling as well as RC drilling to test priority targets. | |
| • Diagrams clearly highlighting the areas of possible extensions, including | ||
| the main geological interpretations and future drilling areas, provided | ||
| this information is not commercially sensitive. |
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