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MOHO RESOURCES LIMITED Regulatory Filings 2021

Mar 29, 2021

65359_rns_2021-03-29_1b30541e-a7de-46a4-a5eb-2c2ebd9d1fba.pdf

Regulatory Filings

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NEW HIGH GRADE GOLD ZONES IDENTIFIED AT

EAST SAMPSON DAM

HIGHLIGHTS:

  • Final 20 holes of phase 2 RC drilling return more encouraging results, including:

  • SSMH0139: 6m @ 11.03 g/t Au from 62m, including:

    • 1m @ 43.5 g/t Au from 64m,

    • 1m @ 10.7 g/t Au from 63m, and 1m @ 8.8 g/t Au from 62m

  • SSMH0132: 4m @ 1.82 g/t Au from 42m, including:

    • 1m @ 5.22 g/t Au from 45m
  • SSMH0130

  • SSMH0144:

    • 2m @ 3.0 g/t Au from 43m

    • 3m @ 2.95 g/t Au from 19m, including:

    • 1m @ 5.2 g/t Au from 19m, and

    • 1m @ 2.38 g/t Au from 21m

  • SSMH0142: 1m @ 7.05 g/t Au from 42m

  • Mineralisation open to north and south

  • Structural and lithological model of ESD is complete

  • Assay, survey, lithological, structural, density and moisture data sent to CSA Global for mineral resource modelling

NEXT STEPS:

  • Complete metallurgical testwork with master composite analysis

  • Resource modelling and JORC 2012 Mineral Resource Estimation – Q2 2021

  • Commence Scoping Study – Q2 2021

  • Aircore drilling of historic auger gold anomalies northeast of ESD along the Tyrells trend – Q2 2021

“Moho’s exploration team continues to make excellent progress at East Sampson Dam. The latest RC drill results extend gold mineralisation down plunge at the southern end of the prospect and highlight the potential to discover additional gold mineralisation at the northern end of the prospect.”

Mr Shane Sadleir, Moho Managing Director

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Moho Resources Ltd (ASX:MOH) ( Moho or Company ) is pleased to announce that additional high grade gold zones have been located at the northern end of the East Sampson Dam (ESD) prospect on M27/263 during phase 2 reverse circulation (RC) infill and extension resource definition drilling (Figure 1).

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Figure 1: Moho’s Silver Swan North Project tenements in relation to regional geology

FINAL PHASE 2 RC DRILLING RESULTS

Assay results from the final 20 RC holes (SSMH127-SSMH0146 - Table 1) have been received which contain a number of significant mineralised intervals and new mineralised zones that extends high grade gold mineralisation a further 40m north along strike. This release discusses these results for the drill holes shown on Figure 2 covering the northern portion of the ESD gold prospect. Figure 2 also shows these holes in relation to gold projected to the surface incorporating all Moho drilling.

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Figure 2: Phase 2 ESD RC drill program collars in relation to known mineralised zones

The drilling highlighted a number of significant gold intersections (Table 2, Figure 2). All holes were sampled with a primary and duplicate sample collected on a 1m basis from the cone splitter. All samples were analysed at Bureau Veritas Laboratories Perth by 40g fire assay and AAS finish, with certified reference material (CRM) inserted every 33 samples and duplicates collected and assayed every 50 samples throughout the program.

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Table 2: East Sampson Dam – SSMH0127-SSMH0146 significant gold assay results

Prospect Hole ID From
(m)
To
(m)
Interval
(m)
Significant Intercept
ESD SSMH0130 43 45 2 [email protected]/t Au
ESD SSMH0130 55 56 1 [email protected]/t Au
ESD SSMH0132 42 46 4 [email protected]/t Au
incl 42 43 1 1m@ 1.04g/t Au
incl 45 46 1 1m@ 5.22g/t Au
ESD SSMH0133 38 39 1 [email protected]/t Au
ESD SSMH0135 18 19 1 [email protected]/t Au
ESD SSMH0135 91 92 1 [email protected]/t Au
ESD SSMH0138 41 42 1 [email protected]/t Au
ESD SSMH0138 45 46 1 [email protected]/t Au
ESD SSMH0138 51 54 3 [email protected]/t Au
incl 53 54 1 1m@ 1.44g/t Au
ESD SSMH0139 40 41 1 [email protected]/t Au
ESD SSMH0139 62 68 6 [email protected]/t Au
incl 62 63 1 1m@ 8.8g/t Au
incl 63 64 1 1m@ 10.7g/t Au
incl 64 65 1 1m@ 43.5g/t Au
ESD SSMH0139 73 74 1 [email protected]/t Au
ESD SSMH0141 14 15 1 [email protected]/t Au
ESD SSMH0141 32 33 1 [email protected]/t Au
ESD SSMH0142 42 43 1 1m@ 7.05g/t Au
ESD SSMH0142 47 49 2 [email protected]/t Au
ESD SSMH0144 19 22 3 [email protected]/t Au
incl 19 20 1 1m@ 5.2g/t Au
incl 21 22 1 1m@ 2.38g/t Au
ESD SSMH0145 34 35 1 [email protected]/t Au
ESD SSMH0145 39 41 2 [email protected]/t Au
incl 39 40 1 1m@ 1.72g/t Au
ESD SSMH0146 64 65 1 [email protected]/t Au

Notes:

1. Results are aggregation of 1m intercepts > 0.5 g/t Au, up to 1m of internal dilution.

  • 2 Results are based on a 1m sample from RC rig cone splitter.

3. Samples were assayed for gold using 40g charge fire assay with AAS finish.

4. Sample intervals are down hole and true widths are yet to be determined.

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SECTION 6637880N

Hole SSMH0130 (Figure 3) discovered 2m @ 3.0 g/t Au on the contact of saprolitic sediment and clay, which extends the medium grade mineralisation pod intersected in SSMH0072 a further 20m up dip. This mineralisation appears to link with mineralisation in ESR224 (1m @ 3.51 g/t Au), 20m to the south, and SSMH0132, 20m to the north (1m@ 5.22 g/t Au).

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Figure 3: ESD cross section 6637880N (looking north) showing current drilling

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SECTION 6637900N

Hole SSMH0132 (Figure 4) discovered shallow medium grade gold mineralisation (1m @ 5.22 g/t Au: 45-46m) with an intersection of 4m @ 1.82 g/t Au in quartz veined intermediate tuff. This extends mineralisation 20m down dip from that intersected in MRC005 (1m @ 3.37 g/t Au). The intersection lies outside of the preliminary April 2020 Whittle design and might influence future pit design.

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Figure 4: ESD cross section 6637900N (looking north) showing current drilling

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SECTION 6637920N

Drilling on this section (Figure 5) intersected a number of new medium and high grade gold zones. In hole SSMH0139 new very high grade mineralisation of 6m @ 11.03 g/t Au including 1m @ 43.5 g/t Au from 62m is located on the contact between andesite and intermediate saprolite. This new zone can be traced at least 15m up dip to the intercept in SSMH0138 (1m @ 1.44 g/t Au). The projected extension of this new shoot 20m to the north is in an area that has not been drilled.

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Figure 5: ESD cross section 6637920N (looking north) showing current drilling

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SECTION 6637940N

Results on this section (Figure 6) show new shallow mineralisation at 14m depth in SSMH0141 with 1m @ 2.4 g/t Au. In SSMH0142, high grade mineralisation of 1m @ 7.05 g/t Au is hosted in saprolitic tuff with minor quartz veining and a lower grade interval of 1m @ 1.74 g/t Au is associated with ferruginised sediment possibly reflecting a structure.

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Figure 6: ESD cross section 6637940N (looking north) showing current drilling

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SECTION 6637960N

New drilling on this section (Figure 7) intersected encouraging gold mineralisation that extends the mineralised envelope 60m north of previously defined mineralisation from the phase 1 RC drilling in July 2020. Four RC holes were designed on 6637960N to follow up an intercept of 1m @ 5.15 g/t Au from 48m in MRC002. Also, based on anomalous historical auger gold results in this area the drilling was testing for potential shallow mineralisation further to the west.

SSMH0144 intersected 3m @ 2.95 g/t Au from 19m including 1m @ 5.2 g/t Au from 19m. When combined with an intercept of 1m @ 1.54 g/t Au from 34m in SSMH0145, it forms a mineralised shoot extending 40m up dip from the MRC002 intercept.

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Figure 7: ESD cross section 6637960N (looking north) showing current drilling

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LONG SECTION

The success of the phase 2 RC drilling can be seen in the long section through ESD (Figure 8) with new high grade mineralisation discovered at the northern end. This area and the southern extent require additional drilling to increase drill density and close off the mineralisation in both directions. There is a strong probability that additional drilling will further expand the mineralisation into fresh material to the south.

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Figure 8: ESD long section (looking west) showing limit of drilling and mineralisation open along strike

CONCLUSIONS FROM PHASE 2 RC DRILLING

The phase 2 RC program was very successful in finding new mineralisation and clarifying the extent and tenor of gold mineralisation at the prospect. High grade intersections have been located 60m north of previous drilling, which is very encouraging. This improved understanding of grade distribution will flow through to resource modelling currently underway, although it is clear that additional drilling is warranted to the north and south to extend or close off new mineralisation discovered. There are a number of sections across the prospect that require additional RC holes to further explore and define mineralisation located to date.

The East Sampson Dam gold project is well located close to existing gold processing facilities and mining infrastructure. Moho believes that, if a suitable gold resource is established, it could provide important cash flow for the Company.

NEXT STEPS

  • Complete metallurgical testwork with master composite analysis - Q2 2021

  • Resource modelling and JORC 2012 mineral resource estimation – Q2 2021

  • Commence Scoping Study – Q2 2021

  • Aircore drilling of historic auger gold anomalies and geophysical targets northeast of ESD along the Tyrells trend – H1 2021

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COMPETENT PERSONS STATEMENT

The information in this announcement that relates to Exploration Results is based on information and supporting documentation compiled by Mr Robert Affleck, a Competent Person who is a RPGeo in the field of Mineral Exploration of The Australian Institute of Geoscientists. Mr Affleck is Exploration Manager and a full-time employee of Moho Resources and holds shares in the Company.

Mr Affleck has sufficient experience relevant to the style of mineralisation 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”. Mr Affleck consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears.

MOHO’S INTEREST IN SILVER SWAN NORTH TENEMENTS

Moho is the 100% registered owner of granted tenements M27/263, E27/528, E27/626, P27/2232, P27/2390 & E27/613 and applications for E27/623, E27/633, E27/641, P27/2441, & P27/2456 all of which comprise the Silver Swan North Project. The Company has also signed option agreements to acquire M27/488, P27/2200, P27/2216, P27/2217, P27/2218, P27/2226 and P27/2229.

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About Moho Resources Ltd

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Moho Resources Ltd is an Australian mining company which listed on the ASX in November 2018. The Company is focused on gold and nickel exploration at Empress Springs, Silver Swan North and Burracoppin.

Moho’s Board is chaired by Mr Terry Streeter, a well-known and highly successful West Australian businessman with extensive experience in funding and overseeing exploration and mining companies, including Jubilee Mines NL, Western Areas NL and Midas Resources Ltd.

Moho has a strong and experienced Board lead by geoscientist Shane Sadleir as Managing Director, Commercial Director Ralph Winter and Adrian Larking, lawyer and geologist, as Non-Executive Director.

Highly experienced geologists Bob Affleck (Exploration Manager) and Max Nind (Principal Geologist) are supported by leading industry consultant geophysicist Kim Frankcombe (ExploreGeo Pty Ltd) and experienced consultant geochemists Richard Carver (GCXplore Pty Ltd) and Dr Carl Brauhart (CSA Global Pty Ltd).

Moho’s geophysical programs and processing and analysis of the results are supervised by Kim Frankcombe (ExploreGeo Pty Ltd) who is a geologist and geophysicist with 40 years’ experience in mineral exploration. He has worked for major mining companies, service companies and for over 20 years as an independent geophysical consultant. He was a member of the discovery team for several significant deposits including one Tier 1 deposit. He manages the ExploreGeo consulting group which provides specialist geophysical advice to explorers.

Dr Jon Hronsky (OA) provides high level strategic and technical advice to Moho. Jon has more than thirty years of experience in the global mineral exploration industry, primarily focused on project generation, technical innovation and exploration strategy development. He has worked across a diverse range of commodities and geographies, and has particular expertise in targeting nickel sulphide and gold deposits.

ENDS

The Board of Directors of Moho Resources Ltd authorised this announcement to be given to ASX.

For further information please contact:

Shane Sadleir, Managing Director Ralph Winter, Commercial Director T: +61 411 704 498 T: +61 435 336 538 E: [email protected] E: [email protected]

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Table 1: Collar Coordinate details – Phase 1 RC Drilling July 2020, East Sampson Dam Prospect, Silver Swan North Project (M27/263)

Hole ID Easting Northing RL Depth Dip Azimuth-
Mag
SSMH0102 363882.489 6637661.011 371 108 -65 270
SSMH0103 363906.618 6637663.94 371 126 -65 270
SSMH0104 363827.364 6637676.723 370 78 -65 270
SSMH0105 363895.478 6637680.264 370.5 126 -68 270
SSMH0106 363817.195 6637700.792 370 72 -65 270
SSMH0107 363812.338 6637723.375 370 60 -65 270
SSMH0108 363845.43 6637720.069 370 48 -65 270
SSMH0109 363890.38 6637719.976 371 73 -65 270
SSMH0110 363885.43 6637734.148 370.9 113 -73 270
SSMH0111 363810.23 6637759.962 368.7 54 -65 270
SSMH0112 363875.068 6637760.216 371 150 -65 270
SSMH0113 363806.167 6637775.123 369 54 -65 270
SSMH0114 363902.604 6637779.886 371 144 -65 270
SSMH0115 363800.193 6637799.835 369 68 -65 270
SSMH0116 363818.503 6637799.799 369 78 -65 270
SSMH0117 363861.734 6637800.021 369 114 -65 270
SSMH0118 363883.724 6637799.922 370 126 -65 270
SSMH0119 363818.043 6637821.151 369 66 -65 270
SSMH0120 363888.36 6637819.541 370 128 -65 270
SSMH0121 363805.609 6637839.961 369 72 -65 270
SSMH0122 363835.332 6637840 369.4 90 -65 270
SSMH0123 363853.076 6637839.836 370.2 102 -65 270
SSMH0124 363774.834 6637860.09 369.4 54 -65 270
SSMH0125 363790.289 6637864.938 369.4 66 -65 270
SSMH0126 363828.532 6637860.175 369 90 -65 270
SSMH0127 363861.455 6637860.059 370 108 -65 270
SSMH0128 363885.32 6637859.857 370.9 120 -65 270
SSMH0129 363767.6 6637880.059 369 53 -65 270
SSMH0130 363798.941 6637880.116 369 66 -65 270

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SSMH0131 363844.643 6637878.753 370 108 -65 270
SSMH0132 363791.44 6637900.004 369.5 68 -65 270
SSMH0133# 363816 6637900 369.8 108 -65 270
SSMH0134 363831.275 6637900 400 108 -65 270
SSMH0135 363854.262 6637899.922 369.7 148 -65 270
SSMH0136# 363750 6637920 368 48 -65 270
SSMH0137# 363770 6637920 369 60 -65 270
SSMH0138 363799.765 6637920.861 370 84 -60 270
SSMH0139# 363812 6637920 370 102 -65 270
SSMH0140 363728.489 6637940.282 368 48 -65 270
SSMH0141 363760.643 6637939.992 369 60 -65 270
SSMH0142 363779.758 6637940.266 370 72 -65 270
SSMH0143 363719.768 6637959.994 369 43 -65 270
SSMH0144 363739.615 6637959.892 369 48 -65 270
SSMH0145 363759.524 6637958.876 369 60 -65 270
SSMH0146 363791.63 6637960.1 370 78 -65 270

Notes:

1. Drill hole coordinates MGA94 Zone 51 (GDA94).

2. Collars located with Differential GPS (+/- 30cm accuracy) except for holes marked #.

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JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data – East Sampson Dam RC Drilling

Criteria JORC Code explanation Commentary
Sampling Nature and quality of sampling (e.g. cut •The results in this ASX release relates to
techniques channels, random chips, or specific RC drill holes SSMH0127 to SSMH0146 at
specialised industry standard the East Sampson Dam Prospect, Silver
measurement tools appropriate to the Swan North Project.
minerals under investigation, such as
down hole gamma sondes, or handheld
XRF instruments, etc.). These examples •1 metre samples were obtained direct from
should not be taken as limiting the a cone splitter off the RC rig along with a
broad meaning of sampling. duplicate of every metre for future QAQC.
Include reference to measures taken to •The cyclone and cone splitter were levelled
ensure sample representivity and the prior to every hole and checked at each rod
appropriate calibration of any change. In clayey horizons the splitter and
measurement tools or systems used. cyclone were cleaned every metre.
Aspects of the determination of
mineralisation that are Material to the
Public Report.
In cases where ‘industry standard’ work
has been done this would be relatively
simple (e.g. ‘reverse circulation drilling
was used to obtain 1 m samples from
which 3 kg was pulverised to produce a
30 g charge for fire assay’). In other
cases, more explanation may be
required, such as where there is coarse
gold that has inherent sampling
problems. Unusual commodities or
mineralisation types (e.g. submarine
nodules) may warrant disclosure of
detailed information.
Drilling Drill type (e.g. core, reverse circulation, •A 5.5-inch face-sampling RC hammer was
techniques open-hole hammer, rotary air blast, used throughout the program.
auger, Bangka, sonic, etc.) and details
(e.g. core diameter, triple or standard
tube, depth of diamond tails, face-
sampling bit or other type, whether core
is oriented and if so, by what method,
_etc.). _
Drill Method of recording and assessing core •Sample recoveries were monitored by the
sample and chip sample recoveries and results logging geologist and were very high for the
recovery assessed. program.
Measures taken to maximise sample •Drillers focussed on steady advance rather
recovery and ensure representative than chasing metres, with pausing after
nature of the samples. each metre drilled
Whether a relationship exists between •No relationship between recovery and
sample recovery and grade and grade was observed.
whether sample bias may have
occurred due to preferential loss/gain of
fine/coarse material.
Logging Whether core and chip samples have •All holes were thoroughly logged by an
been geologically and geotechnically experienced senior geologist and project
logged to a level of detail to support geologist as per industry standard.
appropriate Mineral Resource •Logging is qualitative but chip trays are
estimation, mining studies and retained for oversight and check logging.
metallurgical studies.
Whether logging is qualitative or
quantitative in nature. Core (or costean,
channel, etc.) photography.
The total length and percentage of the
relevant intersections logged.
Criteria JORC Code explanation Commentary
Sub- If core, whether cut or sawn and •All bulk samples were collected in plastic
sampling whether quarter, half or all core taken. green bags at the bottom of a cone splitter
techniques If non-core, whether riffled, tube and in general were dry. Two 1m samples
and sampled, rotary split, etc. and whether were collected every metre from the cone
sample sampled wet or dry. splitter in pre-numbered bags
preparatio For all sample types, the nature, quality •Field duplicates were collected every 50
n and appropriateness of the sample samples. These showed acceptable levels
preparation technique. of variation given the sometime nuggety
Quality control procedures adopted for nature of gold in the area.
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 •Samples submitted to the assay laboratory
assay data of the assaying and laboratory were weighed, crushed and pulverized to
and procedures used and whether the +95% passing -75 micron. A 40g charge
laboratory technique is considered partial or total. was selected for Fire Assay and AAS finish
tests For geophysical tools, spectrometers, with a detection limit of 0.01ppm Au.
handheld XRF instruments, etc., the •Assay reference standard material was
parameters used in determining the inserted every 50 samples and showed
analysis including instrument make and good agreement with specifications.
model, reading times, calibrations •Internal laboratory assay repeats showed
factors applied and their derivation, etc. good agreement with first results and
Nature of quality control procedures internal standards were in line with
adopted (e.g. standards, blanks, specifications.
duplicates, external laboratory checks)
and whether acceptable levels of
accuracy (i.e lack of bias) and precision
_have been established. _
Verification The verification of significant •Significant intersections were checked by
of intersections by either independent or alternative company personnel prior to
sampling alternative company personnel. announcement.
and The use of twinned holes. •No holes were twinned during this drilling
assaying Documentation of primary data, data phase.
entry procedures, data verification, data •Geological logging was on laptop using
storage (physical and electronic) Ocris logging software which was then
protocols. incorporated into Moho’s SQL database.
Discuss any adjustment to assay data. •No assay data are adjusted.
Location of Accuracy and quality of surveys used to •All collars were picked up using a DGPS
data points locate drill holes (collar and down-hole with an accuracy of 0.3m.
surveys), trenches, mine workings and •MGA94 Zone 51.
other locations used in Mineral •Topographic control was by DGPS.
Resource estimation.
Specification of the grid system used.
Quality and adequacy of topographic
control.
Data Data spacing for reporting of •Drill holes were approximately 20m apart
spacing Exploration Results.
and Whether the data spacing and •No resource estimates are quoted.
distribution distribution is sufficient to establish the •Individual 1m samples not composited for
degree of geological and grade reporting purposes.
continuity appropriate for the Mineral
Resource and Ore Reserve estimation
procedure(s) and classifications
applied.
Whether sample compositing has been
_applied. _
Criteria JORC Code explanation Commentary
Orientation Whether the orientation of sampling •The orientation of structures controlling
of data in achieves unbiased sampling of possible grade distribution are not fully defined at
relation to structures and the extent to which this is this stage.
geological known, considering the deposit type. •At this stage, the relationship between
structure If the relationship between the drilling drilling orientation and possible mineralising
orientation and the orientation of key structures is unclear but it is expected that
mineralised structures is considered to forthcoming downhole geophysics and DDH
have introduced a sampling bias, this drilling will clarify this.
should be assessed and reported if
material.
Sample The measures taken to ensure sample •Samples were delivered by company
security security. personnel to assay labs and bags are
secured in the field.
Audits or The results of any audits or reviews of •Inhouse and consultant audits of standards
reviews sampling techniques and data. and duplicate results was carried out which
showed a good performance overall.

Section 2 Reporting of Exploration Results

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

Criteria JORC Code explanation Commentary
Mineral Type, reference name/number, location •Moho is the 100% registered owner of
tenement and ownership including agreements or granted tenements M27/263, E27/528,
and land material issues with third parties such P27/2232, P27/2390, E27/613 and the
tenure as joint ventures, partnerships, applicant for ELA27/623 and ELA27/626,
status overriding royalties, native title interests, E27/638, E27/633, E27/639, P27/2441 &
historical sites, wilderness or national P27/2456 all of which comprise the Silver
park and environmental settings. Swan North Project.
The security of the tenure held at the
time of reporting along with any known
impediments to obtaining a license to
_operate inthe area. _
Exploratio Acknowledgment and appraisal of Historical exploration has been completed over
n done by exploration by other parties. various areas covered by Moho’s tenements.
other Companies who have worked in the area
parties include:

Australian-Anglo American JV (1969–
1976)

Union Miniere/WMC Resources Ltd JV
(1974–1975)

Esso Australia Ltd (1979–1981)

Amax Resources Ltd (1982–1984)

CRA Exploration Pty Ltd (1985–1989)

Mount Kersey Mining (1990–1999)

Aurora Gold (1991–1994)

Fodina (MPI/Outokumpu) (1994–1995)

NiQuest (2000–2005)

Mithril Resources (2006–2007)

Lawson Gold (2010–2012)

MohoResources (2015 to present).
Geology Deposit type, geological setting and •The East Sampson Dam gold mineralisation
style of mineralisation. is spatially related in late-stage porphyry
(leucotonalite) dykes which intrude an east-
dipping sequence of sediments, tuffs, black
shale and diorite. The detailed controls on
gold mineralisation are still unclear but high-
grade intersections are close to quartz
veins.
Drill hole A summary of all information material to •A summary of all relevant drill hole
Informatio the understanding of the exploration information and intersections for the East
n results including a tabulation of the Sampson Dam prospect are shown in Table
following information for all Material drill 1 and Table 2 in this announcement.
_holes: _
Criteria JORC Code explanation Commentary
o easting and northing of the drill hole
collar
o elevation or RL (Reduced Level –
elevation above sea level in meters)
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 In reporting Exploration Results, No averaging or cut offs have been applied
aggregatio weighting averaging techniques, to the data.
n methods maximum and/or minimum grade Aggregation of intersections was
truncations (eg: cutting of high undertaken on the latest East Sampson
grades) and cut-off grades are Dam drill holes. All intervals aggregated
usually Material and should be were of variable length and variable grades.
stated. Intervals quoted contain gold values >0.5
Where aggregate intercepts g/t Au with up to 1m of internal dilution and
incorporate short lengths of high- quoted such as SSMH0126: 5m @ 5.95 g/t
grade results and longer lengths of Au from 47m_including_1m @ 15.2 g/t Au
low-grade results, the procedure from 49m.
used for such aggregation should be No metal equivalents have been reported.
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. _
Relationshi These relationships are particularly All results quoted herein are downhole
p between important in the reporting of lengths and the true width is not known.
mineralisat Exploration Results. The geometry of high-grade mineralisation
ion widths If the geometry of the mineralisation discovered in recent diamond drilling by
and with respect to the drill hole angle is Moho and structural measurements support
intercept known, its nature should be a shallow plunge to the south of around 20°.
lengths reported. This is supported by Leapfrog grade shell
If it is not known and only the down images created by Moho’s consultant
hole lengths are reported, there database manager. Data from downhole
should be a clear statement to this televiewer structural logging will assist in
effect (e.g. ‘down hole length, true confirming this orientation as part of
width not known’). resource modelling studies.
Diagrams Appropriate maps and sections (with Refer to drill hole plan and sections within
scales) and tabulations of intercepts this release.
should be included for any significant
discovery being reported These
should include, but not be limited to
a plan view of drill hole collar
locations and appropriate sectional
_views. _
Balanced Where comprehensive reporting of All results > 0.5 g/t Au are quoted in Table 2
reporting all Exploration Results is not in this release.
practicable, representative reporting
of both low and high grades and/or
widths should be practiced to avoid
misleading reporting of Exploration
_Results. _
Other Other exploration data, if meaningful No other significant unreported exploration
substantiv and material, should be reported data for East Sampson Dam is available at
e including (but not limited to): this time.
geological observations; geophysical Sampleswere collectedfromeverymetre
Criteria
JORC Code explanation
Commentary
Criteria
JORC Code explanation
Commentary
exploration
data
survey results; geochemical survey
results; bulk samples – size and
method of treatment; metallurgical
test results; bulk density,
groundwater, geotechnical and rock
characteristics; potential deleterious
or contaminating substances.
from 12 holes of the current program to
inform and assist in bulk tonnage estimation
during forthcoming resource estimation
studies.
Further
work
The nature and scale of planned
further work (e.g. tests for lateral
extensions or depth extensions or
large-scale step-out drilling).
Diagrams clearly highlighting the
areas of possible extensions,
including the main geological
interpretations and future drilling
areas, provided this information is
not commercially sensitive.
•Future studies will include; metallurgical
testwork, mining studies including resource
modelling.
•Exact sites of any future drilling are still
being assessed.