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LATITUDE 66 LIMITED — Capital/Financing Update 2021
Feb 23, 2021
65213_rns_2021-02-23_1f115fab-5de7-4d50-8e8f-5a16c3ab41ba.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT – DISCOVEX RESOURCES LIMITED
24 FEBRUARY 2021
NEWINGTON EXPLORATION UPDATE
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High‐priority gold in soil targets tested by RC drilling
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Drilling confirms high‐grade mineralisation at the Dawsons Prospect: ‐
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4m @ 3.3 g/t Au from 104m (Hole NERC020), mineralisation remains open at depth
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Maiden drilling at the Hawthorn Prospect intersects BIF hosted Au mineralisation:
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16m @ 0.8 g/t Au from 8m (Hole NERC012)
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Including 4m @ 1.7g/t Au from 16m
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Mineralisation remains open in all directions
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DiscovEx earns a 51% interest in five key tenements at the Newington Project, Southern Cross.
Putting the Explore back into Modern Exploration
DiscovEx Resources Limited (ASX:DCX) is pleased to be able to update the market with respect to ongoing exploration at the Company’s Newington Project, located 80km north of Southern Cross.
Reverse circulation drilling results have now been received from four prospect areas including Dawsons, Hawthorn, Hawthorn North and Sweet William. High‐grade mineralisation has been confirmed at Dawsons and thick, shallow mineralisation has been intersected at Hawthorn.
Twenty RC holes were drilled for a total of 1,785m to test beneath targets generated from the Company’s surface geochemical survey completed in mid‐2020 and to complement previous drilling efforts at Dawsons.
Managing Director, Bradley Drabsch commented that:
“Newington continues to provide compelling exploration opportunities for the Company. We remain committed to our strategy of targeting high grade, near surface gold at Newington, with the aim of potentially developing a resource to kick start a revenue stream for DCX. The results we are seeing keep us encouraged that we are on the right track here.”
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NEWINGTON GOLD PROJECT – OVERVIEW
The Newington Gold Project is situated at the northern end of the Southern Cross Belt, 380km east of Perth (Figure 1). The Southern Cross Greenstone Belt is highly prospective, with nearby deposits including Ramelius Resources’ (ASX:RMS) 1.03Moz Edna May Gold Mine, as well as its recently acquired 700Koz Tampia Hill Gold Project and 373Koz Marda Gold Project*.
(*) Resource‐Reserve figures taken from Ramelius Resources (ASX:RMS) “Resources and Reserves Statement 2020”, 28 September2020
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Figure 1: Newington Project location
DRILLING
RC Drilling was completed in mid‐December with twenty holes drilled for a total 1,785m across four prospect areas including Dawsons (three holes for 408m), Hawthorn (four holes for 518m), Hawthorn North (nine holes for 479m) and Sweet William (four holes for 380m). Holes were designed to test beneath soil anomalies as well as the strike extent of previously intersected high‐grade mineralisation at the Dawsons Prospect.
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Figure 2: Newington prospect locations
Dawsons
Strong gold mineralisation was intersected at the Dawsons Prospect. The RC drilling tested the eastern edge of an interpreted high‐grade plunge as well as follow up previous intersections including 4m @ 16.6g/t Au from 83m (CSRC031), 2m @ 17.5g/t Au from 76m (SNWRC010), 2m @ 13.0g/t Au from 146m (SNWRC014) and 1m @ 20.0g/t Au from 105m (CSRC036). All three drillholes completed within this program intersected the mineralised shear, with NERC020 returning significant mineralisation including 4m @ 3.3g/t Au from 104m. Logged geology suggests the mineralisation is hosted within a 2m wide quartz vein and remains open at depth. This result was sampled as a 4m composite with single metre splits of the individual metres to be collected immediately.
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This high‐tenor result, located approximately 11m from a previous drillhole that returned an assay result of 1m @ 0.4g/t Au, emphasises the variability of high‐grade gold orebodies and the associated risk in dismissing low‐tenor intersections within the host structure.
The remaining two holes that were drilled to the east (NERC018 and NERC019), failed to return significant mineralisation however did intersect minor veining within the structure suggesting potential still exists for a repeat high‐grade pod further to the east.
Future works will be concentrated on metallurgical testing of the high‐grade material to determine the amenability to conventional gravity and CIL gold extraction. Samples have been taken from SNWRC010, SNWRC014 and NERC020 to produce a composite for the metallurgical sample.
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Figure 3: Dawsons long‐section (Looking North) showing high‐grade trend of quartz vein hosted mineralisation.
Hawthorn
Drilling at the Hawthorn Prospect was designed to test a large (500m x 200m) surface geochemical anomaly (>30ppb Au – refer DCX announcement “High Grade Rock Chips – Newington”) released on the 5[th] August 2020) and strongly mineralised rock chip samples including 9.7g/t Au, 8.6g/t Au, 4.0g/t Au and 1.9g/t Au. These high‐tenor rock chips were associated with quartz veining within and adjacent to a structurally deformed banded iron formation. Four RC holes for 518m were completed with shallow mineralisation intersected in NERC012 of 16m @ 0.8g/t Au from 8m including 4m @ 1.7g/t Au from 16m.
Follow‐up work will be centred on the analysis of all information returned from the drilling including the XRF geochemical dataset. Investigation into the northern extension of the shallow mineralisation will be completed with follow‐up mapping initially prior to future drilling.
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Figure 4: Plan view of Hawthorn Prospect and completed drill collar positions.
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Figure 5: Cross‐section (Looking north) of the Hawthorn Prospect (6,622,200mN)
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Fleet Street Holdings Earn‐in
Following the completion of drilling at the Hawthorn and Hawthorn North Prospects and satisfaction of several requirements related to the Earn‐in obligations with Fleet Street Holdings Pty Ltd and Bildex Holdings Pty Ltd, DiscovEx has now earnt a 51% interest in tenements E77/2326, E77/2558, E77/2200, P77/4397 and E77/2263, shown in Figure 6. DiscovEx has the right to earn a further 29% of the above‐ mentioned tenements by spending a further $350,000 on exploration activities (inclusive of 1,003m of drilling).
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Figure 6: Newington Project Tenement outline and effected tenements subject to the earn‐in.
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Competent Person’s Statement
The information in this report that relates to Exploration Results is based on and fairly represents information and supporting documentation compiled by Mr Toby Wellman who is a Member of The Australasian Institute of Mining and Metallurgy (MAusIMM) and who has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code”). Mr Wellman is the Executive Technical Director and Exploration Manager of DiscovEx Resources Limited and consents to the inclusion in the report of the Exploration Results in the form and context in which they appear.
Authorised for release by and investor enquiries to:
Mr Bradley Drabsch Managing Director T: 08 9380 9440
Table 1: Significant drill intersections (>0.1g/t Au) from drilling completed at the Newington Project
| Hole_ID | Northing | Easting | mRL | Dip | Azimuth | Max Depth | mFrom | mTo | Intersection | Prospect | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NERC001 | 6622949 | 681450 | 400 | ‐60 | 270 | 53 | ‐ ‐ NSA |
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| NERC002 | 6622948 | 681497 | 400 400 400 400 400 400 |
‐60 ‐60 ‐60 ‐60 ‐60 ‐60 |
270 270 270 270 270 270 |
59 | ‐ ‐ NSA ‐ ‐ NSA ‐ ‐ NSA ‐ ‐ NSA ‐ ‐ NSA ‐ ‐ NSA |
Hawthorn North |
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| NERC003 | 6622948 | 681547 | 47 | |||||||||
| NERC004 | 6622948 | 681597 | 47 | |||||||||
| NERC005 | 6622947 | 681648 | 59 | |||||||||
| NERC006 | 6622947 | 681700 | 52 | |||||||||
| NERC007 | 6622746 | 681550 | 52 | |||||||||
| NERC008 | 6622750 | 681601 | 400 400 400 |
‐60 ‐60 ‐60 |
270 270 270 |
52 | ‐ ‐ NSA ‐ ‐ NSA 24 28 [email protected]/t Au 52 64 [email protected]/t Au ‐ ‐ NSA 8 24 [email protected]/t Au |
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| NERC009 | 6622754 | 681647 | 58 | |||||||||
| NERC010 | 6622056 | 682138 | 82 | 24 | 28 | Hawthorn | ||||||
| " | " | " | " | and | " | |||||||
| NERC011 | 6622054 | 682181 | 400 400 |
‐60 270 ‐60 270 |
118 | |||||||
| NERC012 | 6622204 | 682181 | 170 | |||||||||
| " | " | " | " | including and and ‐60 270 ‐60 270 ‐60 270 |
" | 16 20 [email protected]/t Au 76 80 [email protected]/t Au 92 96 [email protected]/t Au 52 60 [email protected]/t Au ‐ ‐ NSA ‐ ‐ NSA |
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| " | " | " | " | " | ||||||||
| " | " | " | " | " | ||||||||
| NERC013 | 6622200 | 682228 | 400 400 400 |
148 | ||||||||
| NERC014 | 6626700 | 681471 | 80 | Newfield |
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| NERC015 | 6626701 | 681509 | 110 | |||||||||
| NERC016 | 6626602 | 681498 | 400 400 400 400 400 |
80 | North | |||||||
| NERC017 | 6626600 | 681538 | 110 | |||||||||
| NERC018 | 6625370 | 681164 | 110 | Dawsons | ||||||||
| NERC019 | 6625332 | 681182 | 148 | |||||||||
| NERC020 | 6625336 | 681141 | 150 | |||||||||
| " " " |
" | |||||||||||
| Coordinate system: MGA94_50 Significant intervals above 0.1g/t Au with maximum 2 samples of internal dilution |
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APPENDIX 1 – JORC CODE 2012 EDITION TABLE 1
| Criteria JORC Code explanation |
Criteria JORC Code explanation |
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|---|---|---|---|---|
| Section 1 ‐ Sampling Techniques and Data | ||||
| Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. |
2kg ‐ 3kg samples collected and laid out on 1m intervals. Samples taken via a scoop on 4m composite intervals. Cyclone/sampling equipment cleaned regularly during drilling. Mineralisation determined qualitatively through rock type, sulphide and quartz content and |
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intensity of alteration. Mineralisation determined quantitatively via assay (aqua‐regia digest). |
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| Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. |
The sample from the cyclone was collected in buckets and dumped into neat piles on the ground. A scoop was used to sample individual piles for the |
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| Sampling techniques |
4m composite. Care was taken to sample to industry standards. Single metre samples were split via a cone splitter into pre‐numbered calico bags and placed next to sample piles. |
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| Aspects of the determination of mineralisation that are Material to the Public Report. |
The sample from the cyclone was collected in buckets and dumped into neat piles on the ground. A d t l idiidl il f th |
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| In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1m samples from which 3kg was pulverised to produce a 30g 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 |
scoop was use o sampe nvua pes or e 4m composite. Care was taken to sample to industry standards. Single metre samples were split via a cone splitter into pre‐numbered calico bags and placed next to sample piles. |
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| submarine nodules) may warrant disclosure of detailed information. |
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| Drilling techniques |
Drill type (eg core, reverse circulation, open‐hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face‐sampling bit or other type, whether core is oriented and if so, by what _method, etc). _ |
Strike Drilling was used. The rig consisted of a T450 Schramm truck mounted AC/RC rig with 1000cfm x 430psi on board compressor. |
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| Drill sample recovery |
Method of recording and assessing core and chip sample recoveries and results assessed. |
During the RC sample collection process, recoveries recorded at the time of logging and stored in company database. |
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| Measures taken to maximise sample recovery and ensure representative nature of the samples. |
Cyclone is cleaned at the end of each hole to ensure minimal sample contamination. The majority of samples were of good quality with ground water only intersected at the Sweet William Prospect. |
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| From the collection of recovery data, no identifiable bias exists. |
From the collection of recovery data, no identifiable bias exists. |
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|---|---|---|---|---|
| Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of |
From the collection of recovery data, no identifiable bias exists. |
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| fine/coarse material. | ||||
| 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. |
Holes logged to a level of detail to support future mineral resource estimation: lithology; alteration; mineralization; structural. Qualitative: lithology, alteration, foliation. Quantitative: vein percentage; mineralization (sulphide) percentage. |
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| Whether logging is qualitative or quantitative in t C ( t hl t) hth |
Data on rock type, deformation, colour, structure, ltti ii iliti d idti |
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| naure. ore or cosean, canne, ec poograpy. | aeraon, venng, mnerasaon an oxaon state were recorded. Logging is both qualitative and quantitative or semiquantitative in nature. |
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| The total length and percentage of the relevant intersections logged. |
All holes logged for the entire length of hole. |
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| If core, whether cut or sawn and whether quarter, half or all core taken. |
No core taken. | |||
| If non‐core whether riffled tube samled rotar | For AC drillin whole samles for each metre were | |||
| , , p, y split, etc and whether sampled wet or dry. |
g, p collected and placed onto the ground in rows of 20. Composite sampling was completed with a scoop. All samples were dry. |
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| For all sample types, the nature, quality and appropriateness of the sample preparation technique. |
2‐3kgs of sample was submitted to Minanalytical in Kalgoorlie for sample prep, then transported to Canning Vale for analysis. Samples were oven dried at 100 degrees Celsius |
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| Sub‐sampling techniques and sample preparation |
then pulverized in LM5 mills to 85% passing 75micron. |
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| Quality control procedures adopted for all sub‐ sampling stages to maximise representivity of samples. |
The QC procedure adopted through the process includes: Field duplicates were collected at a rate of 1:50, these were collected during AC drilling at the same time as the primary sample. OREAS certified material (CRM) was inserted |
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at a rate of 1:50, the grade ranges of the CRM’s were selected based ongradepopulations. |
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| 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. _ |
Field duplicates were collected at a rate of 1:50, these were collected during RC drilling at the same time as the primary sample. |
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| Whether sample sizes are appropriate to the grain size of the material being sampled. |
The sample sizes are believed to be appropriate to correctly represent the style and thickness of gold |
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| mineralisation in the Southern Cross region. | ||||
| 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. |
Samples were submitted to Minanalytical in Kalgoorlie for sample prep, then transported to Canning Vale for analysis. All samples were analysed by a 25g aqua regia. The use of aqua regia for low level gold is considered suitable. Aqua regia is a partial digest. For all samples assayed above 4g/t Au, a 50g Fire Assay was completed. Fire assay are classified as total assas |
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| y. | ||||
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| No geophysical tools were used to determine any element concentrations used in the reported results. |
No geophysical tools were used to determine any element concentrations used in the reported results. |
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|---|---|---|---|---|
| For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, |
No geophysical tools were used to determine any element concentrations used in the reported results. |
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| reading times, calibration factors applied and their derivation, etc. |
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| 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. |
Field duplicates are collected at a rate of 1:50 with CRM’s inserted at a rate of 1:50 also. The grade ranges of the CRM’s were selected based on grade populations. |
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| The verification of significant intersections by either independent or alternative company personnel. |
Drilling results are cross checked by company geologists |
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| Verification of sampling and assaying |
The use of twinned holes. | None undertaken for the recent or historical drilling. |
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| Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. |
Data is recorded digitally at the project within standard industry software with assay results received digitally also. All data is stored within a suitable database. |
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| Discuss any adjustment to assay data. | None undertaken for all drilling data. | |||
| 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. |
Drill hole location is recorded with a handheld Garmin GPS (+/‐ 3m).) |
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| Specification of the grid system used. | MGA94 zone 50. | |||
| Quality and adequacy of topographic control. | No information is available on the quality or adequacyof topographic control. |
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| Data spacing for reporting of Exploration Results. | Refer to figures within text for data spacing. | |||
| Data spacing and distribution |
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| 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. |
AC drilling is considered first‐pass in nature, with data spacing not relevant to a Mineral Resource Estimate. |
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| Whether sample compositing has been applied. | Samples taken on a 4m composite basis. Smaller composites taken at the end of hole where remainingsamples are less than 4m. |
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| 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. |
Drill lines are orientated perpendicular to the interpreted strike of the mineralised structure although this is an initial interpretation based on magnetics data. |
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| 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. |
No bias is currently known. | |||
| Sample security | The measures taken to ensure sample security. | Calico samples are sealed into poly weave bags and cable tied. These are then transported to the laboratory in Kalgoorlie by company staff. |
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| Audits or reviews |
The results of any audits or reviews of sampling techniques and data. |
Drilling results are cross checked by company geologists and validated in three‐dimension through Micromine software. |
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| APPENDIX 1 – JORC CODE 2012 EDITION TABLE 2 |
| Sample security | cable tied. These are then transported to the laboratory in Kalgoorlie by company staff. |
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|---|---|---|---|---|
| The results of any audits or reviews of sampling | Drilling results are cross checked by company | |||
| Audits or | techniques and data. | geologists and validated in three‐dimension | ||
| reviews | through Micromine software. | |||
| APPENDIX 1 – JORC CODE 2012 EDITION TABLE 2 |
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| Criteria JORC Code explanation |
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| Section 2 – Reporting of Exploration Results | ||||
| 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 Newfield Project comprises 11 Tenements with various ownership scenarios. These are detailed as follows: DiscovEx Resources Limited holds a 100% interest in tenements E77/2602, 2604 and 2605. The current registered holder of tenements M77/422 and M77/846 is Newfield Resources Ltd. The current registered holder of tenement |
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| E77/2309 is Omni Projects Pty Ltd a fully owned subsidiary of Gateway Mining Ltd. This tenement is currently subject to the Farm‐In and Option Agreements signed with DiscovEx Resources Limited. The current registered holders of tenements E77/2200, P77/4397, E77/2326, E77/2558 and E77/2263 are Fleet Street Pty Ltd and Bildex Holdins Pt Ltd These tenements are currentl |
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| Mineral tenement and land tenure status |
g y . y subject to a Farm‐In Agreement signed with DiscovEx Resources Limited. DiscovEx Resources Limited has the right to earn up to 80% in the Project, following which one or more of the Vendors can elect to contribute to development costs or convert their interest into a gold royalty up to 1.5% (dependant on total |
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| holding) and a non‐gold commodity royalty up to 2% (dependant on total holding). On M77/422 and M77/846: a $10/oz royalty is payable to Carterton Holdings Pty Ltd, and a 2% royalty on gross revenue is payable to the Clippo Syndicate. |
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| The project is located on unallocated crown land. No native title exists over M77/422, M77/846 or E77/2309. |
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| The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. |
The tenements are in good standing and no known impediments exist. |
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| Exploration done by other parties |
Acknowledgment and appraisal of exploration by other parties. |
Previous work was carried out by a number of exploration companies including Miralga Mining N.L. (1987‐1990), Kia Pacific Ltd (1987‐1991), Anglo‐ Australian Resources N.L. (1988‐1989), Frederickson Syndicate (1989‐1990), Burmine Operations Pty Ltd (1990), Sons of Gwalia (1993‐ 1999), Gemini Pty Ltd (1994‐1995), Mining Tributors (Cassidy and E. Dunmill), H Tew (mid‐ 1980’s‐2001), Newfield Central Pty Ltd (2001 ‐ |
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2018), Fleet Street Holdings (2003‐2013) and Western Areas NL(2009‐2013) |
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| Known deposits are within steeply dipping N‐S or E‐ W striking quartz vein hosted deposits within amphibolite altered mafic rocks. Mineralisation |
Known deposits are within steeply dipping N‐S or E‐ W striking quartz vein hosted deposits within amphibolite altered mafic rocks. Mineralisation |
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|---|---|---|---|---|
| Geolog | Deposit type, geological setting and style of mineralisation. |
Known deposits are within steeply dipping N‐S or E‐ W striking quartz vein hosted deposits within amphibolite altered mafic rocks. Mineralisation |
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| y | varies from approximately 1m to 5m true thickness within an alteration zone generally considered to be typical of vein stylegold mineralisation. |
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| 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: |
Refer to Table 1 and Figures 2‐5 within this Announcement. |
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| Easting and northing of the drill hole collar | Refer to Table 1 and Figures 2‐5 within this At |
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| Drill hole Information |
nnouncemen. | |||
| Elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar |
Refer to Table 1 and Figures 2‐5 within this Announcement. |
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| Dip and azimuth of the hole | Refer to Table 1 and Figures 2‐5 within this Announcement. |
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| Down hole length and interception depth | Refer to Table 1 and Figures 2‐5 within this Announcement. |
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| Hole length. | Refer to Table 1 and Figures 2‐5 within this |
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| Announcement. | ||||
| 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. |
All drill hole details shown in Table 1 | |||
| In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut‐off |
Significant intervals reported were taken above 0.1g/t Au with a maximum 2 samples of internal dilution. |
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| Data aggregation methods |
grades are usually Material and should be stated. |
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| 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 high grades in the exploration results have not been cut. Weighted averaging has been used when calculating intervals of differing sample lengths. |
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| Th ti d ti tl | N tl ilt l d f ti | |||
| e assumpons use for any reporng of mea equivalent values should be clearly stated. |
o mea equvaen vaues are use or reporng exploration results. |
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| Relationship between mineralisation widths and |
These relationships are particularly important in the reporting of Exploration Results. |
No metal equivalent values are used for reporting exploration results. |
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| If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. |
The geometry of the mineralisation is interpreted as striking north/south at Hawthorn, Hawthorn and Sweet William with a vertical dip. The geometry of the mineralisation is interpreted as striking |
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| intercept lengths |
east/west at Dawsons with a dip of ~68oto the south |
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| 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’). _ |
Intersections stated are all down‐hole length. | |||
| 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 lan view of drill hole |
Refer to figures 2– 5 within this Announcement. | ||
| , p collar locations and appropriate sectional views. |
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| All drill results (both high and/or low) have been used when included within this announcement. |
All drill results (both high and/or low) have been used when included within this announcement. |
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|---|---|---|---|---|
| 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 |
All drill results (both high and/or low) have been used when included within this announcement. |
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| practiced to avoid misleading reporting of Exploration Results. |
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| 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 otential deleterious or |
The announcement was compiled through the use of publicly available data including aeromagnetics and historic drill information. |
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| ; p contaminating substances. |
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| Further work | The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large‐ scale step‐out drilling). |
Metallurgical testwork at Dawsons will be completed to determine gold recoveries |
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| Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this |
Refer to figures 3‐5 within this Announcement. | |||
| information is not commercially sensitive. | ||||