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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

  • Drilling continues to intersect copper mineralisation at Guchab and Schlangental,

  • Recent Guchab diamond drill results confirm strike continuity of around 400 m and include:

  • 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

  • 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

  • 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.

6

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
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