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ROX RESOURCES LIMITED — M&A Activity 2018
Aug 14, 2018
65741_rns_2018-08-14_0483ac36-57aa-4c9c-856c-0d1d9cc1b7e1.pdf
M&A Activity
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R R L 1 5 8 2 a D
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15 AUGUST 2018 R R L 1 5 8 2 a D HELIOS ACQUIRES BRONZEWING SOUTH GOLD PROJECT
At the request of ASX, Rox Resources Limited re-releases the announcement dated 8 August 2018, with additional JORC 2012 information.
Rox Resources Limited (ASX: RXL) (“Rox” or “the Company”) is pleased to announce that its 100%-owned subsidiary, Helios Gold Limited (“Helios”) has acquired an option to purchase 100% of the Bronzewing South gold project and tenements from private company, Carnegie Exploration Pty Ltd (“Carnegie”).
Rox plans to list Helios on the Australian Stock Exchange (“ASX”) via an Initial Public Offering (“IPO”) in the near future (ASX:RXL 8 May 2018).
The Bronzewing South gold project complements Helios’ existing Mt Fisher gold project which hosts mineral resources of 1.0 Mt @ 2.7 g/tAu for 89,000 ounces gold (ASX:RXL 11 July 2018) (Figure 1).
There are seven tenements covering 115 km[2] comprising the Bronzewing South project, located south and west of the Bronzewing gold mine (Figure 2), including E36/854 which was famously fought over in the High Court by a number of parties in the late 1990’s.
There are a number of historic drill intersections* from the tenements including:
4m @ 6.53 g/tAu from 56m depth, and 4m @ 2.48 g/tAu from 64m depth, in aircore drilling, and
4m @ 4.05 g/tAu from 124m depth, 1m @ 8.03 g/tAu from 127m depth, and 1m @ 4.42 g/tAu from 230m depth, in RC drilling
* Sourced from old Mines Dept reports by Audax Resources and Newmont Exploration Pty Ltd (See Appendix JORC Table). See Appendix 2 for a full listing of significant intercepts.
Aircore results from tenement E36/854 (south of the Bronzewing mine) indicate untested gold anomalism along a trend east of where previous exploration for the southerly extension of the
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1
Bronzewing gold lodes had focussed. Examination of these data show that a depressed regolith profile exists here (Figure 3), similar to that originally found in early drilling over the 3.6 million ounce Bronzewing orebody.
The tenements north west of Bronzewing (called the Orelia North trend) are along strike from the Orelia gold deposit recently announced to contain > 1 million ounces of gold (ASX:EAR 14 June 2018), and extension of the shear hosting Orelia has been interpreted to continue into the Helios tenements (Figure 4).
Helios plans to aggressively explore these tenements (and the Mt Fisher tenure) upon a successful IPO and ASX listing.
Commercial Terms
The commercial terms of the option agreement are:
-
Payment of a non-refundable deposit of $20,000 cash up signing of the agreement for a six- month option period,
-
Payment of $80,000 cash and the issue of 2,000,000 shares in Helios to Carnegie upon the successful IPO and ASX listing of Helios (at this point the option to purchase 100% of Carnegie and it’s tenements will have been exercised),
-
A further issue of $725,000 in cash or Helios shares when an Inferred Mineral Resource of greater than 250,000 ounces of gold is announced by Helios, and
-
$1,250,000 in cash or Helios shares when an Indicated Mineral Resource of greater than 500,000 ounces of gold is announced by Helios.
ENDS
For more information:
Shareholders/Investors
Ian Mulholland Managing Director Tel: +61 8 9226 0044 [email protected]
Media
Michael Weir / Cameron Gilenko Citadel-MAGNUS Tel: +61 8 6160 4903 [email protected]
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2
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Figure 1: Location of Bronzewing South and Mt Fisher gold projects
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3
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Figure 2: Bronzewing South Tenements
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4
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Figure 3 - E36/854 - Contour of Depth to Drill Refusal
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5
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Figure 4 – Magnetic map along the Orelia North Trend showing lineament trends
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6
Competent Person Statements:
Exploration Results
The information in this report that relates to exploration results for the Bronzewing South gold project is based on information compiled by Mr Ian Mulholland (B.Sc.(hons), M.Sc. F.AusIMM, FAIG, FSEG), a Competent Person who is a Fellow of The Australasian Institute of Mining and Metallurgy and is also a Fellow of the Australian Institute of Geoscientists. Mr Mulholland is a full-time employee of the Company and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken 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 Mulholland consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
The information in this report that relates to previous Exploration Results, was either prepared and first disclosed under the JORC Code 2004 or under the JORC Code 2012 and has been properly and extensively cross-referenced in the text to the date of original announcement to ASX. In the case of the 2004 JORC Code Exploration Results and Mineral Resources, they have not been updated to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.
Resource Statements
The information in this report that relates to gold Mineral Resources for the Mt Fisher project was reported to the ASX on 11 July 2018 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 11 July 2018, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 11 July 2018 continue to apply and have not materially changed.
The information in this report that relates to nickel Mineral Resources for the Fisher East project was reported to the ASX on 5 February 2016 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 5 February 2016, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 5 February 2016 continue to apply and have not materially changed.
The information in this report that relates to nickel Mineral Resources for the Collurabbie project was reported to the ASX on 18 August 2017 (JORC 2012). Rox confirms that it is not aware of any new information or data that materially affects the information included in the announcement of 18 August 2017, and that all material assumptions and technical parameters underpinning the estimates in the announcement of 18 August 2017 continue to apply and have not materially changed.
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7
About Rox Resources
Rox Resources Limited is an emerging Australian minerals exploration company. The company has a number of key assets at various levels of development with exposure to gold, nickel, copper and platinum group elements (PGE’s), including the Mt Fisher Gold Project (WA), the Fisher East Nickel Project (WA), and the Collurabbie Nickel-Copper-PGE Project (WA).
Fisher East Nickel Project (100%)
The Fisher East nickel project is located in the North Eastern Goldfields region of Western Australia and hosts several nickel sulphide deposits. The total project area is ~350km[2] .
Discovery of, and drilling at the Camelwood, Cannonball and Musket nickel prospects has defined a JORC 2012 Mineral Resource (ASX:RXL 5 February 2016) of 2.0Mt grading 2.5% Ni reported at 1.5% Ni cut-off (Indicated Mineral Resource: 1.9Mt grading 2.5% Ni, Inferred Mineral Resource: 0.1Mt grading 2.3% Ni) comprising massive and disseminated nickel sulphide mineralisation, and containing 50,600 tonnes of nickel . Higher grade mineralisation is present in all deposits (refer to ASX announcement above) and is still open at depth beneath each deposit. Additional nickel sulphide deposits continue to be discovered (e.g. Sabre) and these will add to the resource base. Exploration is continuing to define further zones of potential nickel sulphide mineralisation.
Mt Fisher Gold Project (100%)
The Mt Fisher gold project is located in the North Eastern Goldfields region of Western Australia, adjacent to the Fisher East nickel project, and hosts several gold deposits. The total project area is ~220km[2] .
Drilling by Rox has also defined numerous high-grade gold targets and a JORC 2012 Measured, Indicated and Inferred Mineral Resource (ASX:RXL 11 July 2018) of 1.0 million tonnes grading 2.7 g/t Au reported at a 0.8 g/tAu cut-off exists for 89,000 ounces of gold (Measured: 170,000 tonnes grading 4.1 g/t Au, Indicated: 220,000 tonnes grading 2.7 g/t Au, Inferred: 630,000 tonnes grading 2.3 g/t Au) aggregated over the Damsel, Moray Reef and Mt Fisher deposits.
Collurabbie Gold-Nickel Project (100%)
The Collurabbie project is located in the highly prospective North Eastern Goldfields region of Western Australia and is prospective for gold and nickel. The project area of ~123km[2] hosts the Olympia nickel sulphide deposit and a number of other prospects for nickel sulphide mineralisation. A JORC 2012 Inferred Mineral Resource of 573,000t grading 1.63% Ni, 1.19% Cu, 0.082% Co, 1.49g/t Pd, 0.85g/t Pt has been defined at Olympia (ASX:RXL 18 August 2017). The style of nickel sulphide mineralisation is different to that at Fisher East, with a significant copper and PGE component at Collurabbie, and has been compared to the Raglan nickel deposits in Canada (>1Mt contained nickel).
In addition, there is potential for gold mineralisation, with several strong drilling intersections including 2m @ 2.4g/t Au from the Naxos prospect.
Bonya Copper Project (40%)
Rox (40%) has agreeed to sell its interest in the Bonya project to Thor Mining PLC for A$550,000 in Thor shares (29 March 2018). Completion is expected during the quarter.
8
APPENDIX 1
JORC Code, 2012 Edition - Table 1
Section 1 Sampling Techniques and Data
| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Sampling | | Nature and quality of sampling (e.g. cut | | Aircore, RAB Drilling |
| techniques | 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 |
| Aircore samples were collected as 4m composited intervals, it is unknown if these were spear or split sampled and results are taken as being indicative only. |
|
| not be taken as limiting the broad meaning of | | RC Drilling | ||
| sampling. | ||||
| Single metre intervals were collected and |
||||
| | Include reference to measures taken to ensure | composited into 4m intervals for first pass | ||
| sample representivity and the appropriate | assay. Samples identified as anomalous were | |||
| calibration of any measurement tools or systems | resubmitted as single metre intervals. Samples | |||
| used. | are assumed to have been split through a | |||
| | Aspects of the determination of mineralisation that are Material to the Public Report. |
cyclone to produce a composite and single metre sample but it is unknown if this was done through a cone or riffle splitter. |
||
| | In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. |
| Diamond Drilling | |
| ‘reverse circulation drilling was used to obtain 1 | | RC pre-collar with HQ3 diamond tail and was | ||
| m samples from which 3 kg was pulverised to | undertaken | |||
| 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, open- | | Newmont drilled 707 AC holes for 50,260m and 45 |
| techniques | hole hammer, rotary air blast, auger, Bangka, | RAB holes for 1745m. Audax drilled 555 RAB/AC | ||
| sonic, etc) and details (e.g. core diameter, triple | holes for 30,618m during the same period. | |||
| or standard tube, depth of diamond tails, face- | ||||
| sampling bit or other type, whether core is | ||||
| oriented and if so, by what method, etc). | ||||
| Drill sample | | Method of recording and assessing core and | | Not documented in historic reporting. |
| recovery | chip sample recoveries and results assessed. | |||
| | Measures taken to maximise sample recovery | |||
| and ensure representative nature of the | ||||
| samples. | ||||
| | Whether a relationship exists between sample | |||
| recovery and grade and whether sample bias | ||||
| may have occurred due to preferential loss/gain | ||||
| of fine/coarse material. | ||||
| Logging | | Whether core and chip samples have been | | All drill holes have been geologically logged. Aircore, |
| geologically and geotechnically logged to a level | RAB and RC | |||
| of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. |
| Drill holes have been logged and are qualitative in nature. |
||
| | Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) |
| The location of remaining diamond core is yet to be determined. No core photographs have currently been located. |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| photography. | ||||
| | The total length and percentage of the relevant | |||
| intersections logged. | ||||
| Sub-sampling | | If core, whether cut or sawn and whether | | Diamond Drilling |
| techniques and sample preparation |
| quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or |
| Half core samples collected. RC Drilling |
| dry. | The collection of 4m composites and single |
|||
| | For all sample types, the nature, quality and appropriateness of the sample preparation |
meter intervals infers sample splitting but methodology is unknown. |
||
| technique. | | Aircore, RAB Drilling | ||
| | Quality control procedures adopted for all sub- | The collection of 4m composites - methodology |
||
| sampling stages to maximise representivity of | unknown. | |||
| samples. | ||||
| | Measures taken to ensure that the sampling is | |||
| representative of the insitu material collected, including for instance results for field duplicate/second-half sampling. |
| The quality control measures adopted by previous explorers have not been documented in available reporting. |
||
| | Whether sample sizes are appropriate to the | |||
| grain size of the material being sampled. | ||||
| Quality of assay | | The nature, quality and appropriateness of the | | Previous explorers employed reputable laboratories |
| data and | assaying and laboratory procedures used and | for assay and utilized both aqua regia and fire assay | ||
| laboratory tests | whether the technique is considered partial or | techniques for determinations. These techniques | ||
| total. | are considered appropriate for metals being | |||
| | For geophysical tools, spectrometers, handheld | investigated. | ||
| XRF instruments, etc, the parameters used in | | Previous explorers did not document any additional | ||
| determining the analysis including instrument | QC procedures implemented | |||
| make and model, reading times, calibrations factors applied and their derivation, etc. |
| Assay laboratory job references are included in sample metadata and it may be possible to review |
||
| | Nature of quality control procedures adopted | primary lab QC data. | ||
| (e.g. standards, blanks, duplicates, external | ||||
| laboratory checks) and whether acceptable | ||||
| levels of accuracy (i.e. lack of bias) and precision | ||||
| have been established. | ||||
| Verification of | | The verification of significant intersections by | | Not documented in historic reporting. |
| sampling and | either independent or alternative company | |||
| assaying | personnel. | |||
| | The use of twinned holes. | |||
| | Documentation of primary data, data entry | |||
| procedures, data verification, data storage | ||||
| (physical and electronic) protocols. | ||||
| | Discuss any adjustment to assay data. | |||
| Location of data | | Accuracy and quality of surveys used to locate | | All drill holes completed were located using a GPS |
| points | drill holes (collar and down-hole surveys), | unit | ||
| trenches, mine workings and other locations | ||||
| used in Mineral Resource estimation. | ||||
| | Specification of the grid system used. | |||
| | Quality and adequacy of topographic control. |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Data spacing and | |
Data spacing for reporting of Exploration | |
RAB drilling was initially undertaken on 1 x 2km |
| distribution | Results. | centres, subsequently infilled to 200 x 500m and | ||
| | Whether the data spacing and distribution is sufficient to establish the degree of geological |
finally 100 x 100m. RC drill holes targeted anomalous results from the RAB drill program and have been drilled on the same traverse lines as the |
||
| and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. |
RAB but they are irregularly spaced and not systematic. |
|||
| | Whether sample compositing has been applied. | |||
| Orientation of | | Whether the orientation of sampling achieves | |
The drill traverses are either grid based or |
| data in relation | unbiased sampling of possible structures and | approximately perpendicular to the strike of the | ||
| to geological | the extent to which this is known, considering | regional geological trend. | ||
| structure | the deposit type. | |||
| | 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. | ||||
| Sample security | | The measures taken to ensure sample security. | | Not documented in historic reporting. |
| Audits or reviews | | The results of any audits or reviews of sampling | |
Not documented in historic reporting. |
| techniques and data. |
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary | ||
|---|---|---|---|---|---|---|
| Mineral | | Type, reference name/number, location and | |
Carnegie Exploration Pty Ltd currently owns tenements | ||
| tenement and | ownership including agreements or material | E36/854, E36/868, E36/869, |
E36/870, |
E36/916, | ||
| land tenure | issues with third parties such as joint ventures, | P36/1857, P36/1858. Helios has entered into an | ||||
| status | partnerships, overriding royalties, native title | Option Agreement with Carnegie to acquire 100% | ||||
| interests, historical sites, wilderness or national | ownership of these tenements. | |||||
| park and environmental settings. | ||||||
| | 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. | ||||||
| Exploration done | | Acknowledgment and appraisal of exploration | |
Previous explorers held title | either covering the | |
| by other parties | by other parties. | tenement in part or entirety and previous results are | ||||
| contained in Mines Department | records | |||||
| | As referenced in the text | |||||
| . | ||||||
| Geology | | Deposit type, geological setting and style of | |
As referenced in the text | ||
| mineralisation. | ||||||
| Drill hole | | A summary of all information material to the | |
Appendix 2 tabulates the geographic data relating to | ||
| Information | understanding of the exploration results | the drilling reported herein | ||||
| including a tabulation of thefollowing |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| information for all Material drill holes: | ||||
o easting and northing of the drill hole collar |
||||
o elevation or RL (Reduced Level – elevation |
||||
| above sea level in metres) of the drill hole | ||||
| collar | ||||
o dip and azimuth of the hole |
||||
o down hole length and interception depth |
||||
o hole length. |
||||
| | If the exclusion of this information is justified | |||
| on the basis that the information is not | ||||
| Material and this exclusion does not detract | ||||
| from the understanding of the report, the | ||||
| Competent Person should clearly explain why | ||||
| this is the case. | ||||
| Data aggregation | |
In reporting Exploration Results, weighting | | A minimum width of 1 metre and grade of 0.5 g/tAu |
| methods | averaging techniques, maximum and/or |
has been used to compile the tables in Appendix 2. | ||
| minimum grade truncations (e.g. cutting of | There was no cutting of high grades, no internal | |||
| high grades) and cut-off grades are usually | dilution, and intervals were length weighted. | |||
| Material and should be stated. | ||||
| | No metal equivalents have been stated. | |||
| | Where aggregate intercepts incorporate short | |||
| lengths of high grade results and longer | ||||
| lengths of low grade results, the procedure | ||||
| used for such aggregation should be stated and | ||||
| some typical examples of such aggregations | ||||
| should be shown in detail. | ||||
| | The assumptions used for any reporting of | |||
| metal equivalent values should be clearly | ||||
| stated. | ||||
| Relationship | | These relationships are particularly important | | Drilling is predominantly RC and Aircore and the |
| between | in the reporting of Exploration Results. | relationship between drill intercept and mineralisation | ||
| mineralisation | widths is unknown. | |||
| widths and intercept lengths |
| If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. |
||
| | If it is not known and only the down hole | |||
| lengths are reported, there should be a clear | ||||
| statement to this effect (e.g. ‘down hole length, | ||||
| true width not known’). | ||||
| Diagrams | | Appropriate maps and sections (with scales) | | As referenced in the text. |
| and tabulations of intercepts 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 |
| As referenced in the text. |
| reporting | Exploration Results is not practicable, |
|||
| representative reporting of both low and high | ||||
| grades and/or widths should be practiced to | ||||
| avoid misleading reporting of Exploration | ||||
| Results. |
12
| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Other substantive | |
Other exploration data, if meaningful and | | As referenced in the text. |
| exploration data | 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; potential deleterious or |
||||
| contaminating substances. | ||||
| Further work | | The nature and scale of planned further work | | As referenced in the text. |
| (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. |
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APPENDIX 2
Table 1 - Anomalous Assay Results from Aircore Drilling (Minimum 1m > 0.5 g/t Au)
| Hole ID | EAST (GDA) |
NORTH (GDA) |
RL (mAHD) |
Dip | Azimu th |
Depth (m) |
From (m) |
To (m) | Interval (m) |
Au (g/t) |
Tenement | Company |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ABWSA001 | 303394 | 6965892 | 500 | -60 | 270 | 103.0 | 44.0 | 48.0 | 4.0 | 0.54 | E 36/854 | Audax |
| ABWSA002 | 303474 | 6965893 | 500 | -60 | 270 | 131.0 | 116.0 | 120.0 | 4.0 | 0.62 | E 36/854 | Audax |
| ABWSA295 | 303128 | 6967703 | 500 | -60 | 150 | 96.0 | 56.0 | 60.0 | 4.0 | 1.11 | E 36/854 | Audax |
| ABWSA299 | 303349 | 6966744 | 500 | -60 | 135 | 103.0 | 80.0 | 84.0 | 4.0 | 0.64 | E 36/854 | Audax |
| ABWSA300 | 303314 | 6966806 | 500 | -60 | 135 | 117.0 | 100.0 | 104.0 | 4.0 | 0.58 | E 36/854 | Audax |
| ABWSA301 | 303467 | 6965951 | 500 | -60 | 135 | 114.0 | 84.0 | 88.0 | 4.0 | 0.86 | E 36/854 | Audax |
| ABWSB128 | 307869 | 6959347 | 500 | -60 | 225 | 29.0 | 0.0 | 4.0 | 4.0 | 1.34 | E 36/868 | Audax |
| ABWSB439 | 307813 | 6959044 | 500 | -60 | 45 | 31.0 | 15.0 | 16.0 | 1.0 | 0.81 | E 36/868 | Audax |
| ABWSB442 | 307898 | 6958942 | 500 | -60 | 45 | 32.0 | 19.0 | 20.0 | 1.0 | 0.80 | E 36/868 | Audax |
| and | 24.0 | 28.0 | 4.0 | 2.21 | ||||||||
| BWSA0034 | 302578 | 6967969 | 500 | -60 | 270 | 70.0 | 12.0 | 16.0 | 4.0 | 1.45 | E 36/854 | Newmont |
| BWSA0092 | 303298 | 6966689 | 500 | -60 | 270 | 101.0 | 52.0 | 56.0 | 4.0 | 0.75 | E 36/854 | Newmont |
| BWSA0094 | 303458 | 6966689 | 500 | -60 | 270 | 98.0 | 84.0 | 88.0 | 4.0 | 0.52 | E 36/854 | Newmont |
| BWSA0152 | 303058 | 6967489 | 500 | -60 | 270 | 96.0 | 76.0 | 80.0 | 4.0 | 0.92 | E 36/854 | Newmont |
| BWSA0153 | 303138 | 6967489 | 500 | -60 | 270 | 111.0 | 96.0 | 100.0 | 4.0 | 1.46 | E 36/854 | Newmont |
| BWSA0313 | 303698 | 6968609 | 500 | -60 | 270 | 89.0 | 64.0 | 68.0 | 4.0 | 0.85 | E 36/854 | Newmont |
| BWSA0324 | 303378 | 6967969 | 500 | -60 | 270 | 124.0 | 113.0 | 114.0 | 1.0 | 2.14 | E 36/854 | Newmont |
| BWSA0360 | 303218 | 6967649 | 500 | -60 | 270 | 93.0 | 56.0 | 60.0 | 4.0 | 0.99 | E 36/854 | Newmont |
| and | 76.0 | 80.0 | 4.0 | 1.27 | ||||||||
| BWSA0437 | 303338 | 6967969 | 500 | -60 | 270 | 113.0 | 48.0 | 52.0 | 4.0 | 0.53 | E 36/854 | Newmont |
| BWSA0440 | 303218 | 6967809 | 500 | -60 | 270 | 78.0 | 64.0 | 68.0 | 4.0 | 0.90 | E 36/854 | Newmont |
| BWSA0441 | 303298 | 6967809 | 500 | -60 | 270 | 108.0 | 60.0 | 64.0 | 4.0 | 0.98 | E 36/854 | Newmont |
| and | 68.0 | 72.0 | 4.0 | 0.58 | ||||||||
| BWSA0445 | 303178 | 6967649 | 500 | -60 | 270 | 149.0 | 108.0 | 116.0 | 8.0 | 1.48 | E 36/854 | Newmont |
| BWSA0453 | 303298 | 6967169 | 500 | -60 | 270 | 90.0 | 56.0 | 60.0 | 4.0 | 6.53 | E 36/854 | Newmont |
| BWSA0507 | 302978 | 6965566 | 500 | -60 | 270 | 102.0 | 44.0 | 48.0 | 4.0 | 1.38 | E 36/854 | Newmont |
| BWSA0514 | 304018 | 6965569 | 500 | -60 | 270 | 59.0 | 44.0 | 48.0 | 4.0 | 0.89 | P 36/1858 | Newmont |
| and | 52.0 | 56.0 | 4.0 | 0.56 | ||||||||
| BWSA0515 | 304088 | 6965569 | 500 | -60 | 270 | 70.0 | 48.0 | 52.0 | 4.0 | 0.64 | P 36/1858 | Newmont |
| BWSA0526 | 303458 | 6965249 | 500 | -60 | 270 | 123.0 | 68.0 | 72.0 | 4.0 | 0.70 | E 36/854 | Newmont |
| BWSA0529 | 303938 | 6965249 | 500 | -60 | 270 | 68.0 | 56.0 | 60.0 | 4.0 | 1.67 | E 36/854 | Newmont |
| BWSA0658 | 303355 | 6965889 | 500 | -60 | 270 | 91.0 | 44.0 | 48.0 | 4.0 | 0.86 | E 36/854 | Newmont |
| BWSA0659 | 303434 | 6965889 | 500 | -60 | 270 | 115.0 | 68.0 | 76.0 | 8.0 | 1.10 | E 36/854 | Newmont |
| BWSA0669 | 303418 | 6965249 | 500 | -60 | 270 | 82.0 | 64.0 | 68.0 | 4.0 | 2.48 | E 36/854 | Newmont |
| BWSA0686 | 303497 | 6964609 | 500 | -60 | 270 | 87.0 | 56.0 | 60.0 | 4.0 | 0.83 | E 36/854 | Newmont |
| BWSA0702 | 304058 | 6965569 | 500 | -60 | 270 | 68.0 | 56.0 | 60.0 | 4.0 | 0.76 | P 36/1858 | Newmont |
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Table 2 - Significant Assay Results from RC and Diamond Drilling (Minimum 1m > 0.5 g/t Au)
| Hole ID | EAST (GDA) |
NORTH (GDA) |
RL (mAHD) |
Dip | Azimuth | Depth (m) |
From (m) |
To (m) | Interval (m) |
Au (g/t) |
Tenement | Company |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BWSD0001 | 303568 | 6965889 | 500 | -60 | 270 | 393.4 | 124.0 | 128.0 | 4.0 | 4.05 | E 36/854 | Newmont |
| including | 127.0 | 128.0 | 1.0 | 8.03 | ||||||||
| BWRCD3206 | 303,147 | 6,967,622 | 500 | -55 | 294 | 387.1 | 197.9 | 198.8 | 0.9 | 0.53 | E36/854 | Newmont |
| BWRCD3207 | 303,322 | 6,967,133 | 500 | -55 | 299 | 348.8 | 165.0 | 166.0 | 1.0 | 0.88 | E36/854 | Newmont |
| BWRCD3208 | 303,430 | 6,966,694 | 500 | -55 | 269 | 389.2 | 161.0 | 163.0 | 2.0 | 3.45 | E36/854 | Newmont |
| and | 184.0 | 185.0 | 1.0 | 0.56 | ||||||||
| and | 188.0 | 189.0 | 1.0 | 2.54 | ||||||||
| and | 230.0 | 231.0 | 1.0 | 4.42 | ||||||||
| and | 242.0 | 243.0 | 1.0 | 3.27 |
-
Hole Prefix BWSD is diamond, BWRCD is RC pre-collar with diamond tail.
-
Drill intercepts are reported as ‘down hole’ widths. True widths have not been determined.
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