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SABRE RESOURCES LIMITED — Capital/Financing Update 2013
Sep 24, 2013
65750_rns_2013-09-24_43e6e211-9513-48ae-b397-32cba04f20d2.pdf
Capital/Financing Update
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e x plore exten d ext r act
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ASX ANNOUNCEMENT 25 September 2013
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UPDATE - NAMIBIAN COPPER DRILLING
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D rill supervisor M artin Booth & CEO Tim Putt d iscuss the pro g ress of diamo n d drlling in the Guchab Cany o n
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HIGH L IGHTS
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Drilling continues to intersect copper mineralisation at Guchab and Schlangental,
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Recent Guchab diamond drill results confirm strike continuity of around 400 m and include:
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G CDD0039 23.15 m etres @ 1. 2 9% Coppe r & 4.50 gp t Silver fro m 2.95 met r es G CDD0040 14.17 m etres @ 1. 3 5% Coppe r & 9.14 gp t Silver fro m 4.55 met r es
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More results from Schlangental, which will provide a solid foundation for further exploration, include: S CDD0001 9.40 m e tres @ 1.0 3 % Copper & 4.55 gpt S ilver from 21.60 met r es
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Drilling at the Guchab Canyon deposit is ongoing.
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1. Drilling at Guchab
The drilling program at Guc h ab continu e s to return b road interc e pts of copp e r mineralis a tion from the G uchab Canyon deposit.
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A
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waiting results
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Figure 1 –T he Guchab C anyon deposi t , showing the distribution of mineralisation projected to surfac e , drill locations, drillhole proje c tions, and hist o ric surface workings. New re s ults confirm contin u ity of minerali s ation between the Eastern A d its (Pad 1) and the High Va l ley (Pad 4). Labell e d yellow arrow s mark cross s e ctions shown i n Figures 2 and 3.
1.1 New r e sults confirm continuity of c o pper min e ralisatio n
S abre has d rilled from a number of locations b e tween the E astern Adit s and the Hi g h Valley (Figure 1) i n order to determine wh e ther there are separate pods of mineralisation i n each of t hese areas, or whether copper min e ralisation is continuous b etween the m .
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New results from these l o cations are as follows:
G CDD0039 23.15 m etres @ 1. 2 9% Coppe r & 4.50 gp t Silver fro m 2.95 met r es Including 5.10 m e tres @ 2.8 3 % Copper & 8.33 gpt S ilver from 21.00 met r es G CDD0040 14.17 m etres @ 1. 3 5% Coppe r & 9.14 gp t Silver fro m 4.55 met r es Including 2.38 m e tres @ 5.7 3 % Copper & 26.37 gp t Silver fro m 8.31 met r es G CDD0041 5.87 m e tres @ 1.2 4 % Copper & 6.29 gpt S ilver from 22.13 met r es
T hese results represe n t a significant breakthrough at Guchab, demonstrating the continuity of the Guchab Canyon mineralisation betwee n the High V a lley and th e Eastern A dits (Figur e 1).
A distinct n arrowing o f the miner a lisation is evident around GCDD 0 041/42, br o adening s ignificantly to the nort h and south . This geometry is in k e eping with t he lensoidal style of mineralisati o n common a t the Komb a t copper mine 10 km to the west a n d suspecte d at other d eposits alo n g the Kom b at Trend.
T he strike e x tent of cop p er minerali s ation in the Guchab C a nyon deposit presently s tands at a round 400 m , and is open to the no r th and sout h .
1.2 Conti n uing expl o ration
O ngoing drilling will test the depth e x tensions of the Guchab Canyon mi n eralisation b elow the presently defined limits, a s well as e x tending the strike lengt h defined to d ate.
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Figure 2 – A southwest/northeast oriented cros s section acros s Pad 5 showin g drill hole trace s & mineralise d envelope.
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Figure 3 – A n o rth-northwest/ s outh-southeas t oriented cro s s section acr o ss Pad 5 sh o wing drill hol e traces & mineralised envelope.
2. S chlange n tal Diam o nd Drillin g
Rec e nt drilling a t Schlange n tal has con f irmed signif i cant mineralisation at a n other location in the highly prospecti v e Guchab m ining centr e . Results from Schlangental open th e area up to follow-up expl o ration.
The results of t h e Schlang e ntal diamo n d drilling h a ve now be e n received with the be s t results coming from SCDD001:
S CDD0001 9.40 m e tres @ 1.0 3 % Copper & 4.55 gpt S ilver from 21.60 met r es
Unli k e the Guc h ab Canyon area, miner a lisation at S chlangent a l is blind, b e ing located beneath san d cover within a low-lyi n g valley. T h e recent R A B, RC and diamond d r illing program, which cov e red a subs t antial area of the Schl a ngental Valley, has pr o vided excel l ent first-pa s s results that will form a solid foundation for ongoi n g explorati o n at and ar o und Schlan g ental.
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Tim Putt Chief Executive Officer Sabre Resources Ltd
For further information regarding the Company’s activities, please contact:
Mr Nor m an Grafton Compa n y Secretary Phone (08) 9481 7 8 33
Mr T imothy Putt Chi e f Executive Officer Phone (08) 94 8 1 7833
Or consult our website:
www.sabr e sources.co m
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SABR E ’S OTAVI MOUNTAIN LAN D COPPE R PROJE C T
The Ot a vi Mountai n Land Cop p er Project ( ‘OML’) is l o cated in n o rthern Na m ibia, lying w ithin the triangle c reated by t h e mining to w ns of Tsu m eb, Otavi a n d Grootfont e in.
The entire region is w ell served b y sealed ro a ds, rail to p ort, high vol t age power, t elephone a n d water, and is close to majo r towns and m ining proc e ssing facilities, includin g the Komba t copper co n centrator and Tsumeb Smelte r complex (one of only fi v e operating smelters in A frica).
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Sabre’s OML projec t consists of two Exclusi v e Prospecting Licences (EPL 3540 & 3542), which cover more th a n 800 km[2] o f highly pro s pective ba s e metal stratigraphy. Sabre has ide n tified two k e y copper trends w ithin its p r oject area, each cov e ring more than 25 k m of strike, defined b y surface geoche m istry and historical wo r kings.Thes e extensive c opper tren d s, namely t he Lucas Post and Kombat Trends, are the present focus of exploration.
The region hosts a n umber of C o pper, Zinc, Lead, Silve r and Vanadium mines, i n cluding the Tsumeb & Kombat Copper mines. The Otavi Valle y tenement (EPL 3540) surrounds t he Kombat Copper mine on all sides an d covers the strike exte n sions of the mine stratigraphy. To d a te, the Ko m bat Mine has pro d uced over 8 .7 Mt @ 3.1% Cu, 1.1% Pb and 26 g pt Ag, with o wners, Ko m bat Copper (TSX-V), presentl y undertaking a drilling t o define furt h er NI 43-10 1 compliant r esources w i thin the min e area.
Competent Person Declaration
The inform a tion in this repor t that relates to E x ploration Result s , Mineral Resou r ces or Ore Rese r ves is based on information com p iled by Mr T. Putt of Sab r e Resources Ltd, who is a member of The Australia n Institute of Geo s cientists. Mr Put t has sufficient expperience that is r e levant to the style of mi n eralisation and t y pe of deposit under consideratio n and to the acti v ity that he is un d ertaking to qualiffy as a Competent Person as defined in t h e 2004 Edition o f the “Australian C ode for Reportin g of Exploration R e sults, Mineral R e source and Ore RReserves”. Mr Pu t t consents to the inclusio n in the report of the matters based on his informatio n in the form and context in which i t appears.
Forward-Looking Statements
This document may include f orward-looking statements. Forwa r d-looking statem e nts include, but a re not limited to, statements concerning Sabre Resources L td’s planned ex p loration program and other state m ents that are not historical facts. W hen used in this document, the words such as "could," "pl a n," "estimate," "e x pect," "intend," "may”, "potential," "should," and si m ilar expressions a re forward-lookinng statements. Although Sabre Resources Ltd believes that its expectations reflected in thes e forward-looking statements are r easonable, such statements invo l ve risks and uncertaintie s and no assuran c e can be given t h at actual results w ill be consistent with these forward-looking statemeents.
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Appendix 1 - Guchab Diamond Drilling
* Copper (Cu) & Silver (Ag) values were determined at the accredited 'Bureau Veritas' Laboratory in Swakopmund, Namibia.
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| Pad No | Hole No | Northing | Easting | RL | Final Depth(m) | Dip(o) | **Azimuth (oTrue) ** | From(m) | To(m) | Downhole Intercept (m) | Grade |
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| 1 | GCDD0001 | 7818105 | 796081 | 1781 | 111.39 | -40 | 191 Including And And |
0.60 17.90 29.80 96.90 |
108.35 20.25 52.15 100.05 |
107.75 2.35 22.35 3.15 |
1.15% Cu & 6.93 gpt Ag 13.24% Cu & 70.84 gpt Ag 2.08% Cu & 10.11 gpt Ag 2.85% Cu & 22.90 gpt Ag |
| 1 | GCDD0002 | 7818105 | 796081 | 1781 | 101.13 | -60 | 182 Including And |
1.42 1.42 8.19 |
27.98 5.58 12.76 |
26.56 4.16 4.57 |
1.06% Cu & 6.25 gpt Ag 2.36% Cu & 7.93 gpt Ag 2.18% Cu & 21.44 gpt Ag |
| 1 | GCDD0003 | 7818105 | 796081 | 1781 | 53.43 | -80 | 191 Including |
1.00 1.00 |
19.90 8.00 |
18.90 7.00 |
1.54% Cu & 9.66 gpt Ag 2.52% Cu & 10.12 gpt Ag |
| 1 | GCDD0004 | 7818105 | 796081 | 1781 | 60.63 | -55 | 224 Including And |
0.00 7.18 23.05 |
24.05 9.54 24.05 |
24.05 2.36 1.00 |
1.29% Cu & 10.91 gpt Ag 3.47% Cu &35.34 gpt Ag 8.55% Cu & 38.38 gpt Ag |
| 1 | GCDD0005 | 7818105 | 796081 | 1781 | 53.32 | -55 | 161 Including |
0.00 20.05 |
22.2 22.2 |
22.20 2.15 |
3.45% Cu & 29.67 gpt Ag 17.60% Cu & 247.70 gpt Ag |
| 2 | GCDD0006 | 795610 | 795610 | 1837 | 48.35 | -45 | 291 Including |
0.90 7.00 |
15.00 9.65 |
14.10 2.65 |
1.31% Cu & 10.50 gpt Ag 5.10% Cu & 50.94 gpt Ag |
| 2 | GCDD0007 | 795610 | 795610 | 1837 | 48.55 | -60 | 280 Including |
5.48 5.48 |
13.85 6.67 |
8.37 1.19 |
0.54% Cu & 7.43 gpt Ag 1.41% Cu & 25.40 gpt Ag |
| 2 | GCDD0008 | 795610 | 795610 | 1837 | 72.89 | -45 | 350 | NA | NA | NA | Hole Abandoned @ 72.89 m |
| 2 | GCDD0009 | 795610 | 795610 | 1837 | 17.63 | -70 | 170 | NA | NA | NA | Hole Abandoned @ 17.63 m |
| 2 | GCDD0010 | 795610 | 795610 | 1837 | 13.62 | -70 | 170 | NA | NA | NA | Redrill of GCDD0009 - Abandoned |
| 4 | GCDD0011 | 7818246 | 795918 | 1832 | 103.45 | -41.5 | 100 Including |
42.22 57.44 |
61.07 61.07 |
18.85 3.63 |
1.06% Cu & 15.05 gpt Ag 4.08% Cu & 61.92 gpt Ag |
| 4 | GCDD0012 | 7818246 | 795918 | 1832 | 115.73 | -40 | 131 | NA | NA | NA | Hole Abandoned @ 115.73 m due to drill rig failure |
| 5 | GCDD0013 | 7818054 | 796066 | 1774 | 80.10 | -40 | 41 Including |
0.00 0.00 |
31.50 2.00 |
31.50 2.00 |
0.29% Cu & 2.30 gpt Ag 1.03% Cu & 5.40 gpt Ag |
| 5 | GCDD0014 | 7818054 | 796066 | 1774 | 86.89 | -60 | 41 Including And |
0.00 0.00 12.00 |
53.10 6.55 21.00 |
53.10 6.55 9.00 |
1.23% Cu & 11.20 gpt Ag 2.17% Cu & 9.50 gpt Ag 2.95% Cu & 19.10 gpt Ag |
| 5 | GCDD0015 | 7818054 | 796066 | 1774 | 90.39 | -80 | 41 Including |
0.31 17.72 |
52.16 33.00 |
51.85 15.28 |
1.35% Cu & 15.45 gpt Ag 2.81% Cu & 28.66 gpt Ag |
| 5 | GCDD0016 | 7818054 | 796066 | 1774 | 110.96 | -49 | 165 Including Including And |
20.00 25.75 57.37 63.73 71.44 |
32.22 26.87 86.64 66.31 78.10 |
12.22 1.12 29.27 2.58 6.66 |
0.67% Cu & 5.87 gpt Ag 2.14% Cu & 4.10 gpt Ag 0.80% Cu & 10.86 gpt Ag 2.49% Cu & 27.03 gpt Ag 1.06% Cu & 15.09 gpt Ag |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | GCDD0017 | 7818054 | 796066 | 1774 | 159.36 | -65 | 161 Including Including Including |
12.00 24.00 50.00 66.20 93.44 93.44 126.00 |
39.00 29.12 78.40 78.40 131.00 99.11 131.00 |
27.00 5.12 28.40 12.20 37.56 5.67 5.00 |
0.53% Cu & 6.77 gpt Ag 1.58% Cu & 18.21 gpt Ag 0.61% Cu & 11.99 gpt Ag 0.87% Cu & 15.77 gpt Ag 0.92% Cu & 12.43 gpt Ag 2.28% Cu & 20.02 gpt Ag 1.82% Cu & 33.76 gpt Ag |
| 5 | GCDD0018 | 7818054 | 796066 | 1774 | 132.47 | -80 | 165 Including |
15.00 36.40 48.00 59.00 |
23.59 50.50 50.50 76.00 |
8.59 14.10 2.50 17.00 |
1.00% Cu & 12.15 gpt Ag 0.89% Cu & 7.16 gpt Ag 1.70% Cu & 7.74 gpt Ag 1.00% Cu & 23.70 gpt Ag |
| 5 | GCDD0019 | 7818054 | 796066 | 1774 | 153.21 | -55 | 180 Including Including And And |
23.04 37.37 58.35 58.35 73.25 81.10 |
38.45 38.45 104.00 73.25 81.10 104.00 |
15.41 1.08 45.65 14.90 7.85 22.90 |
1.08% Cu & 5.24 gpt Ag 6.45% Cu & 42.26 gpt Ag 1.04% Cu & 12.27 gpt Ag 1.30% Cu & 16.20 gpt Ag Void - Mine Working? 1.22% Cu & 15.88 gpt Ag |
| 5 | GCDD0020 | 7818054 | 796066 | 1774 | 149.99 | -45 | 186 | 29.00 78.00 |
45.00 82.55 |
16.00 4.55 |
1.19% Cu & 8.26 gpt Ag 0.53% Cu & 3.07 gpt Ag |
| 5 | GCDD0021 | 7818054 | 796066 | 1774 | 120.34 | -60 | 339 Including And And |
0.00 0.00 11.68 21.46 |
47.27 4.17 13.00 23.60 |
47.27 4.17 1.32 2.14 |
0.64% Cu & 5.33 gpt Ag 1.52% Cu & 11.52 gpt Ag 3.66% Cu & 20.41 gpt Ag 2.27% Cu & 19.03 gpt Ag |
| 5 | GCDD0022 | 7818054 | 796066 | 1774 | 120.09 | -30 | 339 | 0.00 | 5.00 | 5.00 | 1.38% Cu & 7.82 gpt Ag |
| 5 | GCDD0023 | 7818054 | 796066 | 1774 | 120.39 | -80 | 339 And |
0.00 55.60 |
40.81 64.34 |
40.81 8.74 |
1.34% Cu & 11.63 gpt Ag 0.80% Cu & 21.65 gpt Ag |
| 5 | GCDD0024 | 7818054 | 796066 | 1774 | 59.09 | -40 | 210 | NA | NA | NSR | No Significant Results (>1% Copper) |
| 5 | GCDD0025 | 7818054 | 796066 | 1774 | 144.33 | -60 | 210 And Including |
36.00 65.38 116.00 |
39.10 124.00 124.00 |
3.10 58.62 8.74 |
3.04% Cu & 22.17 gpt Ag 1.38% Cu & 28.27 gpt Ag 3.04% Cu & 59.08 gpt Ag |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | GCDD0026 | 7818054 | 796066 | 1774 | 129.45 | -80 | 210 And And |
14.63 50.50 75.80 |
30.45 58.42 80.00 |
15.82 7.92 4.20 |
2.80% Cu & 24.61 gpt Ag 1.12% Cu & 12.14 gpt Ag 1.90% Cu & 41.55 gpt Ag |
| 1 | GCDD0027 | 7818107 | 796083 | 1781 | 38.64 | -40 | 120 | 0.00 | 17.64 | 17.64 | 1.24% Cu & 5.50 gpt Ag |
| 1 | GCDD0028 | 7818110 | 796084 | 1781 | 50.84 | -40 | 60 Including |
1.00 5.90 |
29.72 8.46 |
28.72 2.56 |
0.64% Cu & 8.83 gpt Ag 2.04% Cu & 14.45 gpt Ag |
| 1 | GCDD0029 | 7818111 | 796082 | 1781 | 41.69 | -40 | 30 Including |
0.00 0.00 |
24.00 4.81 |
24.00 4.81 |
0.60% Cu & 6.66 gpt Ag 1.10% Cu & 8.81 gpt Ag |
| 1 | GCDD0030 | 7818112 | 796080 | 1781 | 44.79 | -40 | 360 Including |
0.00 0.00 |
15.00 7.28 |
15.00 7.28 |
0.81% Cu & 13.24 gpt Ag 1.36% Cu & 19.16 gpt Ag |
| 1 | GCDD0031 | 7818113 | 796077 | 1781 | 59.76 | -40 | 325 Including |
0.00 0.00 |
10.52 4.60 |
10.52 4.60 |
1.10% Cu & 11.29 gpt Ag 1.93% Cu & 21.20 gpt Ag |
| 1 | GCDD0032 | 7818110 | 796077 | 1781 | 62.93 | -40 | 303 | 1.04 | 11.00 | 9.96 | 1.85% Cu & 13.69 gpt Ag |
| 1 | GCDD0033 | 7818107 | 796080 | 1781 | 30.45 | -40 | 240 | 0.00 | 10.91 | 10.91 | 1.38% Cu & 8.61 gpt Ag |
| 1 | GCDD0034 | 7818110 | 796081 | 1781 | 80.84 | -81.1 | 71.4 Including |
0.00 12.78 |
19.73 17.58 |
19.73 4.80 |
1.49% Cu & 12.81 gpt Ag 2.80% Cu & 34.35 gpt Ag |
| 1 | GCDD0035 | 7818110 | 796080 | 1781 | 50.00 | -70.5 | 9.5 | 1.54 | 23.00 | 21.46 | 0.46% Cu & 6.78 gpt Ag |
| 1 | GCDD0036 | 7818109 | 796080 | 1781 | 93.39 | -75 | 310.83 And |
0.00 23.00 |
15.50 26.91 |
15.50 3.91 |
0.59% Cu & 6.14 gpt Ag 1.25% Cu & 12.05 gpt Ag |
| 14 | GCDD0037 | 7818222 | 795946 | 1839 | 62.75 | -40 | 70.83 And |
2.90 38.75 |
12.98 44.00 |
10.08 5.25 |
1.54% Cu & 23.19 gpt Ag 2.66% Cu & 11.78 gpt Ag |
| 14 | GCDD0038 | 7818221 | 795946 | 1839 | 81.42 | -60 | 60 | 3.50 | 13.00 | 9.50 | 1.09%Cu & 7.79 gpt Ag |
| 14 | GCDD0039 | 7818189 | 795961 | 1839 | 106.99 | -40 | 60 Including |
2.95 21.00 |
26.10 26.10 |
23.15 5.10 |
1.29% Cu & 4.50 gpt Ag 2.83% Cu & 8.33 gpt Ag |
| 14 | GCDD0040 | 7818187 | 795959 | 1839 | 119.99 | -60 | 70.83 Including |
4.55 8.31 |
18.72 10.69 |
14.17 2.38 |
1.35% Cu & 9.14 gpt Ag 5.73% Cu & 26.37 gpt Ag |
| 14 | GCDD0041 | 7818140 | 796006 | 1830 | 109.79 | -40 | 60 | 22.13 | 28.00 | 5.87 | 1.24% Cu & 6.29 gpt Ag |
| 14 | GCDD0042 | 7818139 | 796005 | 1830 | 140.09 | -60 | 60 | NA | NA | NSR | No Significant Results |
| (>1% Copper) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | GCDD0043 | 7817911 | 796095 | 1710 | 100.20 | -45 | 330 | NA | NA | NA | Results Pending |
Appendix 2 – Guchab Diamond Drilling, JORC Tables
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. Core samples are taken as half NQ core and sampled on nominal 1m intervals, with sampling breaks adjusted to geological boundaries where appropriate. Each sample is analysed with a handheld XRF analyser. Anomalous samples are submitted to Bureau Veritas Laboratory in Swakopmund for more precise analysis. 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 is completed by a 50g fire assay collection and Atomic Absorption Spectrometer analysis (AAS). Sample preparation and analysis are undertaken at Bureau Veritas Laboratory in Swakopmund, Namibia. |
| Drilling techniques |
Diamond drill holes are collared using HQ2 and switch to NQ2 when the formation becomes solid. All coordinates are quoted in WGS84 datum unless otherwise stated. |
| Drill Sample Recovery |
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. 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. For all sample types, the nature, quality and appropriateness of the sample preparation technique is considered adequate as per industry best practice. Field duplicates are taken every 20 samples to ensure the samples are representative. Quality control reports are undertaken routinely to monitor the performance of field standards and duplicates. 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, Ga, 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 10 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 is validated using the QAQC 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 handheld 12 channel GPS. Collars are picked up by a licenced surveyor 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. Generally drilling should be undertaken at an angle to surface and drilled to maximise perpendicular intersection with the known interpretation of the strike of previously intersected mineralisation. This often proves difficult at Guchab due to the topography of the prospect area and has resulted in ‘fans’ being drilled from individual pads to allow testing of the mineralised zones. |
| 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
| JORC Criteria | Explanation |
|---|---|
| Mineral tenement and land tenure status |
Sabre controls two Exclusive Prospecting Licences (EPL’s) in the Otavi Mountain Land, namely EPL3540 & 3542. 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 maintains an 80% interest in the aforementioned EPL’s, and a 3% government royalty is in place on any base metal production. There are no known native title interests, historical sites, and wilderness or national park areas or environments impediments. |
| Exploration done by previous parties |
Several other parties have undertaken exploration in the area between the early 1900’s through to 1997. These parties include South West Africa Company, Goldfields Namibia and Tsumeb Corporation. Appraisal of previous work has been limited to high level review of historical reports as very limited data is available in either digital or hardcopy format. In most cases Sabre Resources Ltd has developed its datasets solely from its own work. |
| Geology | At Guchab, on the Kombat Trend, the target is structurally hosted epithermal copper-silver mineralisation, associated with faulting and zones of brecciation. |
| 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 0.25% Cu is used with a maximum internal dilution of 5m. |
| Relationship between mineralisation widths and intercept lengths |
Mineralisation at Guchab is interpreted to be hosted by dilational & breccia zones associated with 030-045 degree striking cross faults intersecting the interpreted east-west striking sedimentary bedding. The drilling at Guchab is being undertaken from a number of pads due to the topography of the prospect. At this stage in the exploration programme it is too early to determine the true thickness of the intercept lengths. |
| Diagrams | A set of relevant diagrams are included in the body of the announcement. |
| Balanced reporting |
Information relating to geophysical and geochemical test work is included in the announcement |
| Further work | Plans for further work are outlined in the body of the announcement |