Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

METEORIC RESOURCES NL Capital/Financing Update 2014

Jun 16, 2014

65311_rns_2014-06-16_8f3a8272-6b4a-4046-ace2-53e71eb4e574.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

ASX ANNOUNCEMENT & MEDIA RELEASE 17 June 2 014

==> picture [19 x 68] intentionally omitted <==

==> picture [55 x 68] intentionally omitted <==

==> picture [10 x 68] intentionally omitted <==

==> picture [45 x 122] intentionally omitted <==

==> picture [55 x 122] intentionally omitted <==

----- Start of picture text -----

ASE
2 014
----- End of picture text -----

==> picture [55 x 122] intentionally omitted <==

==> picture [4 x 122] intentionally omitted <==

E XCEP TION ALLY HIGH GRADE CO PPER AND GOLD AT BLUEB IRD PROSP ECT

==> picture [444 x 246] intentionally omitted <==

==> picture [24 x 30] intentionally omitted <==

----- Start of picture text -----

k
----- End of picture text -----

Figure 1 – Drilling operations at BBRC-5, Bl u ebird Prospect, Tennant Cree k

==> picture [28 x 34] intentionally omitted <==

HI G HLIGHT S

Thick zone of high grade copper and gold intersected by RC drillingDrill results include:

==> picture [10 x 24] intentionally omitted <==

  • BBRC-5, 25 metres at 1.9% Copper and 0.3 gpt Gold from 62 metres

  • Including 4 metres at 8.9% Copper and 1 gpt Gold from 74 metresHigh grade interval of 2 metres at 16.5% Copper from 74 metres including 1 metre at 24.2% Copper

  • All RC drillholes intersected visual copper mineralisation with some results still pending

  • Copper-gold mineralisation remains open in all directions

  • Diamond drilling fast tracked based on exceptional results

  • Diamond drilling has commenced with results due in 2 to 3 weeks

Blaze International Limited ( A BN 15 074 7 2 8 019) 1st Floo r , 8 Parliamen t Place, West P erth, WA 600 5 • PO Box 1618, West Perth, WA 6872 t: +61 8 9481 7833 • f: +61 8 9481 7835 www.blazelimited.com.a u

==> picture [38 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [54 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [4 x 63] intentionally omitted <==

D R I L L I N G R E S U L T S

The RC compo n ent of the si x hole drillin g program e x ceeded ex p ectations. F our RC hol e s and two pre-collars for diamond h oles were c ompleted. A ll four RC h oles interse c ted visual c opper min e ralisation. T he highlig h t was BB R C-5, whic h returned 2 5m @ 1.9% Cu fro m 62m do w nhole including 2m @ 16.5 % Cu ( Figure 2). L aboratory results are a w aited for t w o RC hol e s and two d i amond pre- c ollars.

==> picture [13 x 307] intentionally omitted <==

==> picture [22 x 154] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [54 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [54 x 62] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [54 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [54 x 63] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [54 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [54 x 62] intentionally omitted <==

==> picture [22 x 154] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [54 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [54 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [54 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [55 x 62] intentionally omitted <==

==> picture [54 x 62] intentionally omitted <==

==> picture [408 x 9] intentionally omitted <==

----- Start of picture text -----

Fi g ure 2 – Cross s ection, looking west, showing recent drilling r e sults, historic d rilling and pla n ned diamond drilling
----- End of picture text -----

The mineralisation starts at o nly 50m b e low surface . The width and grade o f the intersections app e ar to form part of a v e ry significa n t mineralised system. T he shallow d epth, high grade and broad widt h are very f a vourable fe a tures of th e mineralisation. This c o uld potenti a lly be am e nable to op e n pit mining if sufficient t onnage an d grade is delineated.

Tw o diamond t a ils (BBDD-1 and BBDD-2) have sta r ted to be drilled and will provide im p ortant visual and stru c tural infor m ation to co m plement t h e already i m pressive R C drilling r e sults. BB D D-1 (Figure 2) is partic u larly interes t ing as it is located bet w een BBRC- 5 and historic hole BB R C-2; both o f which returned impressive copper i n tercepts.

The very high g rade miner a lisation (2 m @ 16.5% C u in BBR C -5) is locat e d on the f o otwall con t act of the ir o nstone bo d y. BBRC-2 , which was drilled previously by M e teoric Resources, did n ot penetrat e this footw a ll contact p o sition (Figure 2). This is the reaso n for the na r rower inte r cept in BB R C-2 comp a red to that of BBRC-5. The two diamond tail s on BBDD-1 and BB D D-2 are de s igned to pe n etrate through the high g rade footw a ll contact p o sition.

2

==> picture [38 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [54 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [4 x 63] intentionally omitted <==

The copper-gol d mineralis a tion is hos t ed by an e ast west s t riking, stee p ly south dipping iron s tone body. The irons t one body i s interprete d to be controlled by a major eas t west stru c ture, and appears to pre-date t h e minerali s ing event. Copper, g old and bi s muth min e ralisation a ppear to b e associate d with a la t er set of i n terpreted n orth east striking stru c tures. Min e ralisation i s found where the north east strikin g structures intersect th e east west striking ironstone bod y . Magnetit e has been a ltered to h e matite and c hlorite duri n g the min e ralising ev e nt. The st r ongest min e ralisation i s found in a chlorite an d hematite a ltered she a r zone on t he margins of the iron s tone body. Pervasive mineralisati o n is also p r esent throughout the i r onstone bo d y.

The mineralisat i on appears to be open in all direc t ions, despit e not being visible at s u rface (du e to weathering process e s) as show n on the long section (Figure 3).

The s e observations at Blu e bird are di r ectly comp a rable with m any of th e orebodies in the Tennant Creek m ineral field. This is a v e ry positive s ign, as this s tyle of dep o sit has hist o rically pro d uced very high copper a nd gold gra d es. Since t he 1930s, t h e Tennant C reek miner a l field has produced a pproximatel y 5.5 millio n ounces of gold at an a verage gr a de of 19.3g/t and 448 , 000 tonnes of copper at an average grade of 2. 9 %.

==> picture [12 x 205] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [54 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [54 x 69] intentionally omitted <==

==> picture [21 x 137] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [54 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [54 x 69] intentionally omitted <==

==> picture [21 x 137] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [54 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [54 x 69] intentionally omitted <==

==> picture [12 x 205] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [54 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [54 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [54 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [54 x 69] intentionally omitted <==

==> picture [21 x 137] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [54 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [55 x 69] intentionally omitted <==

==> picture [54 x 69] intentionally omitted <==

Fi g ure 3 – Long section, looking n orth, showing recent drilling r e sults, historic d rilling and plan n ed diamond d r illing

3

==> picture [364 x 63] intentionally omitted <==

C O N C L U S I O N

The first stage of drilling by Blaze International at the Bluebird Prospect has exceeded expectations, and mineralisation remains open in all directions. Recently commenced diamond drilling will provide important visual and structural information to help plan further follow-up drilling. Mineralisation style appears to be similar to other deposits in the Tennant Creek Mineral Field which have historically produced very high copper and gold grades.

D R I L L R E S U L T S S U M M A R Y T A B L E

Table 1 below contains summary intersections using a 0.1% Cu cutoff grade. The full set of results is contained in Appendix 2 of this report.

**Hole ID ** Length **Collar Location GDA94 ** **Collar Location GDA94 ** **Collar Location GDA94 ** **Dip ** Azimuth From
m
To
m
Cu Grade
%
Au Grade
g/t
Width
m
Intersection Description
East
North
RL
BBDD‐1 71* **448400 ** 7827075 328 ‐60 0 Diamond Hole inprogress
BBDD‐2 125* **448400 ** 7827025 324 ‐60 0 Diamond Hole inprogress
BBRC‐1 100 **448329 ** 7827204 326 ‐60 90 Meteroric Resources Hole NSI
BBRC‐2 137 **448400 ** 7827050 323 ‐60 0 115 119 4.69 4 Meteroric Resources Hole 4m @ 4.69% Cu, 0.38g/t Au, 170g/t Bi
BBRC‐3 155 **448519 ** 7827033 323 ‐60 0 Meteroric Resources Hole NSI
BBRC‐4 77 **448400 ** 7827120 331 ‐60 0 Anomalous Zone 37‐55m @ 213ppm Cu
BBRC‐5 113 **448400 ** 7827097 328 ‐60 0 62 87 1.89 0.27 25 includes 344g/t Bi
includes 66 68 2.98 0.42 2
and 74 78 8.93 1.05 4
includes 75 77 16.50 0.15 2
and 75 76 24.20 0.21 1
and 76 77 1.20 3.81 1
BBRC‐6 203 **448440 ** 7827030 328 ‐60 0 Laboratory Results Awaited
BBRC‐7 137 **448360 ** 7827081 321 ‐60 0 Laboratory Results Awaited

Table 1. Drill hole intersection summary results, Bluebird prospect. Copper cutoff grade 1%.

Reverse circulation (RC) drilling samples are collected as 1m composite samples through a cyclone which are cone split for analysis. Each 1m split sample is analysed with a handheld XRF analyser. Anomalous 1m split samples are submitted to Bureau Veritas Laboratory in Perth for more precise analysis. All other samples are sampled as 4m composites by sampling with a spear and submitted to the laboratory.

All drill samples submitted to the laboratory are crushed and pulverised followed by a four acid total digest and multielement analysis by inductively coupled plasma optical emission spectrometry (ICP-OES) and inductively coupled plasma mass spectrometry (ICP-MS). Gold and precious metal analysis are completed by a 40g fire assay collection and inductively coupled plasma optical emission spectrometry (ICP-OES). Sample preparation and analysis are undertaken at Bureau Veritas Laboratory in Darwin, NT and Perth, WA.

4

==> picture [38 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [54 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [55 x 63] intentionally omitted <==

==> picture [4 x 63] intentionally omitted <==

B A R K L Y C O P P E R - G O L D P R O J E C T

Bla z e Internati o nal Limite d is in a F a rm-In Joint Venture Agr e ement wit h Meteoric Resources NL over t he highly pro s pective Barkly Copper-Gold project . Blaz e has the righ t to earn u p to an 8 0 % interes t in the pr o ject. The project is locat e d around 3 0 km east o f the town o f Tennant Cre e k in the N o rthern Terri t ory (Figure 1).

Th e Bluebird c opper-gold prospect a t the Barkly Project co m prises a 1.6km-long gravity rid g e open to the east wh e re shallow geochemic a l drilling b y Meteoric R esources ide n tified a 60 0 m-long co p per anom a ly, also o p en to the eas t . Previou s ly reporte d follow-u p drilling confirmed Tennant Creek - style copp e r-gold min e ralisation a ssociated wit h ironstone. The ironstones and mineralisation are often dis c ordant to t h e host sed i ments and are consid e red to be a h i gh-grade v a riant of th e iron oxid e -copper-go l d (IOCG) deposits found in Proteroz o ic terranes in Australia.

==> picture [48 x 69] intentionally omitted <==

==> picture [54 x 69] intentionally omitted <==

==> picture [28 x 103] intentionally omitted <==

==> picture [48 x 69] intentionally omitted <==

==> picture [54 x 69] intentionally omitted <==

==> picture [28 x 104] intentionally omitted <==

==> picture [48 x 70] intentionally omitted <==

==> picture [54 x 70] intentionally omitted <==

Figure 4 – L ocation of th e Barkly Cu-Au proje ct

As p art of the e arn-in to th e Barkly Pr o ject, Blaze has recently complete d an RC pr o gram and has just c o mmenced a diamond d rilling prog r am targeting copper-g o ld minerali s ation at t h e Bluebird p rospect.

Competent Person Declaration

The i nformation in t his report that relates to Exp l oration Result s , Mineral Res o urces or Ore R eserves is ba s ed on infor m ation compile d by Luke Mar s hall, who is a m ember of The Australasian I n stitute of Geo s cientists. Mr M arshall has s ufficient experience that is relevant to the st y le of mineralis a tion and type o f deposit unde r consideration and to the activity that he i s undertaking t o qualify as a C o mpetent Pers o n as defined in the 2012 Editi o n of the “Austr a lasian Cod e for Reporting of Exploratio n Results, Min e ral Resource and Ore Res e rves”. Mr Mar s hall consents to the inclu s ion in the report of the matter s based on his information in t h e form and context in which it a ppears.

Forward-Looking Statements

This document ma y include forwa r d-looking stat e ments. Forwar d -looking state m ents include, but are not li m ited to, statements concerning Blaze Inter n ational Limited s planned expl o ration progra m me and other s tatements that are not histo r ical facts. Wh e n used in this d ocument, the w ords such as "could," "plan," "estimate," "e x pect," "intend, " "may”, "pot e ntial," "should, " and similar e xpressions ar e forward-looki n g statements. Although Blaz e International Limited belie v es that its ex p ectations refle c ted in these f o rward-looking s tatements are reasonable, s u ch statements involve risks and uncertainties and no ass u rance can be g iven that actu a l results will be consistent wit h these forward - looking statements.

5

==> picture [364 x 63] intentionally omitted <==

APPENDIX 1 – JORC 2012

JORC TABLE 1, Section 1 Sampling Techniques and Data

Criteria Explanation
Sampling
techniques
Exploration results are based on industry best practices, including sampling, assay methods,
and appropriate quality assurance quality control (QAQC) measures.
Reverse circulation (RC) drilling samples are collected as 1m composite samples through a
cyclone which are cone split for analysis. Each 1m split sample is analysed with a handheld
XRF analyser. Anomalous 1m split samples are submitted to Bureau Veritas Laboratory in
Perth for more precise analysis. All other samples are sampled as 4m composites by
sampling with a spear and submitted to the laboratory.
Core samples are taken as half NQ core and sampled on nominal 1m intervals, with sampling
breaks adjusted to geological boundaries where appropriate.
All drill samples submitted to the laboratory are crushed and pulverised followed by a four
acid total digest and multi-element analysis by inductively coupled plasma optical emission
spectrometry (ICP-OES) and inductively coupled plasma mass spectrometry (ICP-MS). Gold
and precious metal analysis are completed by a 40g fire assay collection inductively coupled
plasma optical emission spectrometry (ICP-OES). Sample preparation and analysis are
undertaken at Bureau Veritas Laboratory in Darwin, NT and Perth, WA.
Drilling
techniques
RC drilling is completed by a 5 ¼ inch diameter hole drilled with a face sampling hammer.
Diamond drillholes are collared using RC and switch to NQ2 approximately 30m before the
target position is intersected. All coordinates are quoted in GDA94 datum unless otherwise
stated.
Drill Sample
Recovery
The quality of RC drilling samples is optimised by the use of cone splitters and the logging of
various criteria designed to record sample size, recovery and contamination, and use of field
duplicates to measure sample precision.
The quality of diamond core samples is monitored by the logging of various geotechnical
parameters, and logging of core recovery and competency.
The quality of analytical results is monitored by the use of internal laboratory procedures
together with certified standards, duplicates and blanks and statistical analysis on a monthly
basis to ensure that results are representative and within acceptable ranges of accuracy and
precision.
Logging All logging is completed according to industry best practice. RC drill chips are wet sieved on
1m intervals, logged and then stored in plastic chip trays for future reference. Diamond core
is stored in clearly labelled core trays. Logging is completed using a standard Maxwell
logging template. The resulting data is uploaded to a Datashed database and validated.
Once validated, the data is exported to 3D modelling software for visual validation and
interpretation.
Detailed information on lithology, sample quality, structure, geotechnical information,
alteration and mineralisation are collected in a series of detailed self-validating logging
templates.
Sub- sampling
techniques and
sample
preparation
Core is cut using a brick saw fitted with a special blade designed for cutting core. Half core is
taken for sampling.
RC samples are riffle split on 1m intervals when dry. When wet, samples are dried out before
riffle splitting takes place. RC drilling is generally stopped when samples become wet.
For all sample types, the nature, quality and appropriateness of the sample preparation
technique is considered adequate as per industry best practice.
Two field duplicates are taken per RC hole to ensure the samples are representative; one 4m
duplicate and one 1m duplicate. The duplicates are taken in anomalous copper grades where

6

==> picture [364 x 63] intentionally omitted <==

possible. Quality control reports are undertaken routinely to monitor the performance of field
standards and duplicates, and laboratory accuracy and precision.
Sample sizes are appropriate to the grain size of the material being sampled.
Quality of assay
data and
laboratory tests
The samples have been sorted, dried, crushed and pulverised. Primary preparation has been
by crushing the whole sample. The samples have been split with a riffle splitter, if required, to
obtain a 3kg sub-fraction which has then been pulverised in a vibrating pulveriser.
The sample(s) have been digested with a mixture of four Acids including Hydrofluoric, Nitric,
Hydrochloric and Perchloric Acids for a total digest.
Ag, As, Cd, Co, Bi, In, Mo, Sn, W have been determined by Inductively Coupled Plasma (ICP)
Mass Spectrometry.
Al, Ca, Cu, Fe, K, Mg, Mn, Na, Pb, S, V, Zn have been determined by Inductively Coupled
Plasma (ICP) Optical Emission Spectrometry.
Au and PGEs are determined by a 40g fire assay collection with Inductively Coupled Plasma
(ICP) Optical Emission Spectrometry finish.
Field Standards and Blanks are inserted every 20 samples, Laboratory inserts its own
standards and blanks at random intervals, but several are inserted per batch regardless of the
size of the batch.
Verification of
sampling and
assaying
All significant intercepts are reviewed and confirmed by at least three senior personnel before
release to the market_._
No adjustments are made to the raw assay data. Data is imported directly to Datashed in raw
original format.
All data are validated using the QAQCr reporter validation tool with Datashed. Visual
validations are then carried out by senior staff members.
Location of data
points
Holes are set out using a sub 20mm RTDGPS. Collars are picked up by a licenced surveyor
by RTDGPS on completion of the hole.
Data spacing
and distribution
Data spacing and distribution used to determine geological continuity is dependent on the
deposit type and style under consideration. Where a mineral resource is estimated, the
appropriate data spacing and density is decided and reported by the competent person.
For mineral resource estimations, grades are estimated on composited assay data. The
composite length is chosen based on the statistical average, usually 1m. Sample compositing
is never applied to interval calculations reported to market. A sample length weighted interval
is calculated as per industry best practice.
Orientation of
data in relation to
geological
structure
Orientation of sampling is as unbiased as possible based on the dominating mineralised
structures and interpretation of the deposit geometry.
If structure and geometry is not well understood, sampling is orientated to be perpendicular to
the general strike of stratigraphy and/or regional structure.
If the relationship between the drilling orientation and the orientation of key mineralised
structures is considered to have introduced a sampling bias, this would be assessed and
reported if considered material.
Drilling is at an angle to surface and drilled to maximise perpendicular intersection with the
known interpretation of the strike of previously intersected mineralisation.

7

==> picture [364 x 63] intentionally omitted <==

Sample security All samples remain in the custody of company geologists, and are fully supervised from point
of field collection to laboratory drop-off.
Audits and
reviews
None yet undertaken for this dataset.

Section 2 Reporting of Exploration Results

Criteria Explanation
Mineral
tenement and
land tenure
status
The Company controls one Exploration Licences, EL28620 in the Tennant Creek area. All
tenure was in good standing at the time of reporting. There are no known impediments with
respect to obtaining a licence to operate in the area.
The Company is earning a 50% interest in the EL28620. There are no known native title
interests, historical sites, and wilderness or national park areas of environmental
impediments.
Exploration done
by other parties
Several other parties have undertaken exploration in the area between the 1930’s through to
2007. These parties include Posgold and Meteoroic Resources.
Geology At Bluebird, copper mineralisation is concentrated in an east west striking ironstone host unit.
The host unit cross cuts stratigraphy which is mostly made up of siltstone sediments.
Drill hole
Information
All relevant drillhole information is supplied in appendix 1 of the announcement.
Data aggregation
methods
All exploration results are reported by a length weighted average. This ensures that short
lengths of high grade material receive less weighting than longer lengths of low grade
material.
No high grade cut-offs are applied. A nominal low grade cut-off of 0.3% Cu is used with a
maximum internal dilution of 3m for reporting of results.
Relationship
between
mineralisation
widths and
intercept lengths
Mineralisation at Bluebird is interpreted to be striking at east west true azimuth with a dip of -
70 to -80 degrees towards 180 true azimuth.
All holes are drilled to be as perpendicular as practicable to the above orientation. Therefore
intercept lengths are interpreted to be close to true thickness.
Diagrams A comprehensive set of relevant diagrams are included in the body of the announcement.
Balanced
reporting
All background available information is discussed in the body of the announcement. No data
is excluded. Full drilling results for copper and gold assay information are shown in Appendix
2 of the report.
Further work Plans for further work are outlined in the body of the announcement.

8

==> picture [364 x 63] intentionally omitted <==

APPENDIX 2 –

Detailed Drilling Sample Results. BDL - Indicates results below assay detection limit

Hole_ID Easting Northing RL mFrom mTo Au g/t Cu % Bi g/t
BBDD‐1 448400 7827075 328 0 4 0.002 0.0034 6.4
BBDD‐1 4 8 BDL 0.001 0.7
BBDD‐1 8 12 BDL 0.0008 0.6
BBDD‐1 12 16 BDL 0.001 0.6
BBDD‐1 16 20 BDL 0.0004 0.6
BBDD‐1 20 24 BDL 0.0012 0.6
BBDD‐1 24 28 BDL 0.0014 0.6
BBDD‐1 28 32 0.012 0.0014 0.7
BBDD‐1 32 36 BDL 0.0018 0.6
BBDD‐1 36 40 BDL 0.0016 0.6
BBDD‐1 40 44 0.001 0.0018 0.6
BBDD‐1 44 48 0.003 0.0016 0.6
BBDD‐1 48 52 0.004 0.002 0.6
BBDD‐1 52 56 0.002 0.0022 0.6
BBDD‐1 56 60 0.002 0.0016 0.6
BBDD‐1 60 64 0.002 0.0008 0.7
BBDD‐1 64 68 BDL 0.001 0.7
BBDD‐1 68 71 0.001 0.0008 0.8
BBRC‐4 448400 7827120 331 0 4 BDL 0.002 1.8
BBRC‐4 4 8 BDL 0.0006 0.3
BBRC‐4 8 12 0.001 0.004 0.3
BBRC‐4 12 16 BDL 0.0008 0.3
BBRC‐4 16 20 0.004 0.0006 0.3
BBRC‐4 20 24 BDL 0.0006 0.3
BBRC‐4 24 28 BDL 0.0008 0.3
BBRC‐4 28 32 BDL 0.0006 0.3
BBRC‐4 32 33 0.001 0.0006 0.7
BBRC‐4 33 34 0.001 0.0006 2
BBRC‐4 34 35 BDL 0.0004 1.7
BBRC‐4 35 36 0.001 0.0018 3.7
BBRC‐4 36 37 0.002 0.0032 6.9
BBRC‐4 37 38 0.008 0.0138 102
BBRC‐4 38 39 0.006 0.0172 224
BBRC‐4 39 40 0.003 0.0162 84.6
BBRC‐4 40 41 0.008 0.0212 58.7
BBRC‐4 41 42 0.02 0.0208 74.8
BBRC‐4 42 43 0.003 0.0146 28.7

9

==> picture [364 x 63] intentionally omitted <==

BBRC‐4 43 44 0.006 0.0128 31.1
BBRC‐4 44 45 0.005 0.0176 27.2
BBRC‐4 45 46 0.004 0.015 20.6
BBRC‐4 46 47 0.016 0.016 14.5
BBRC‐4 47 48 0.015 0.0304 47
BBRC‐4 48 49 0.005 0.038 35.7
BBRC‐4 49 50 0.003 0.028 10.8
BBRC‐4 50 51 0.009 0.0334 11.4
BBRC‐4 51 52 0.008 0.0224 10
BBRC‐4 52 53 0.002 0.0184 7
BBRC‐4 53 54 0.003 0.018 5.4
BBRC‐4 54 55 0.003 0.0312 4.8
BBRC‐4 55 56 0.003 0.0084 2.9
BBRC‐4 56 57 0.003 0.0072 2.6
BBRC‐4 57 58 BDL 0.0068 2.7
BBRC‐4 58 59 0.002 0.0068 2.5
BBRC‐4 59 60 0.009 0.0036 2.3
BBRC‐4 60 64 0.005 0.0028 2.3
BBRC‐4 64 68 0.001 0.0036 2
BBRC‐4 68 72 BDL 0.0016 1.9
BBRC‐4 72 76 0.001 0.0016 2.3
BBRC‐4 76 77 BDL 0.0016 2
BBRC‐5 448400 7827097 328 0 4 0.002 0.0014 1.2
BBRC‐5 4 8 BDL 0.0004 0.6
BBRC‐5 8 12 BDL 0.0006 0.3
BBRC‐5 12 16 BDL 0.0006 0.3
BBRC‐5 16 20 BDL 0.0004 0.7
BBRC‐5 20 24 0.003 0.001 0.6
BBRC‐5 24 28 0.004 0.0008 0.3
BBRC‐5 28 32 BDL 0.0006 0.3
BBRC‐5 36 40 0.002 0.0012 0.6
BBRC‐5 40 44 0.012 0.0016 0.6
BBRC‐5 44 48 BDL 0.001 1
BBRC‐5 48 52 BDL 0.002 1.2
BBRC‐5 52 56 BDL 0.0026 1.7
BBRC‐5 56 57 0.002 0.0046 4.2
BBRC‐5 57 58 0.009 0.0084 9.8
BBRC‐5 58 59 0.009 0.0164 7.9
BBRC‐5 59 60 0.087 0.0418 23.9
BBRC‐5 60 61 0.094 0.0632 127
BBRC‐5 61 62 0.038 0.0626 59
BBRC‐5 62 63 0.113 0.155 14.8

10

==> picture [364 x 63] intentionally omitted <==

BBRC‐5 63 64 0.084 0.427 19.7
BBRC‐5 64 65 0.314 0.224 1270
BBRC‐5 65 66 0.034 0.356 320
BBRC‐5 66 67 0.558 3.91 1720
BBRC‐5 67 68 0.279 2.06 779
BBRC‐5 68 69 0.081 0.277 1310
BBRC‐5 69 70 0.08 0.198 631
BBRC‐5 70 71 0.049 0.101 851
BBRC‐5 71 72 0.034 0.0848 312
BBRC‐5 72 73 0.129 0.218 283
BBRC‐5 73 74 0.134 0.43 433
BBRC‐5 74 75 0.119 1.64 92.7
BBRC‐5 75 76 0.213 24.2 190
BBRC‐5 76 77 0.088 8.93 72.3
BBRC‐5 77 78 3.81 1.2 111
BBRC‐5 78 79 0.784 0.759 97.6
BBRC‐5 79 80 0.039 0.47 24.7
BBRC‐5 80 81 0.008 0.173 14.5
BBRC‐5 81 82 0.009 0.376 12.5
BBRC‐5 82 83 0.014 0.287 7.5
BBRC‐5 83 84 0.007 0.191 11.9
BBRC‐5 84 85 0.01 0.305 9.8
BBRC‐5 85 86 0.002 0.124 9.7
BBRC‐5 86 87 0.004 0.286 12.5
BBRC‐5 87 88 0.008 0.0632 11
BBRC‐5 88 89 0.002 0.047 10.3
BBRC‐5 89 90 0.005 0.0798 14.2
BBRC‐5 90 91 0.001 0.0172 5.6
BBRC‐5 91 92 0.001 0.018 9.1
BBRC‐5 92 93 0.001 0.0142 5.1
BBRC‐5 93 94 0.004 0.0166 6.4
BBRC‐5 94 95 0.016 0.17 9.6
BBRC‐5 95 96 0.009 0.0366 6
BBRC‐5 96 97 0.004 0.0076 5.5
BBRC‐5 97 98 0.001 0.0092 3.7
BBRC‐5 98 99 BDL 0.0036 4.8
BBRC‐5 99 100 BDL 0.0034 5.5
BBRC‐5 100 104 0.001 0.006 6.9
BBRC‐5 104 108 0.014 0.0038 4.6
BBRC‐5 108 112 0.001 0.0038 2.3
BBRC‐5 112 113 0.001 0.009 7.8

11