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SABRE RESOURCES LIMITED Interim / Quarterly Report 2013
65750_rns_2014-01-27_36bdf251-c19e-46e4-bac6-ae8cb38a6196.pdf
Interim / Quarterly Report
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QUARTERLY ACTIVITIES REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2013
Sabre maintains a strong cash position with approximately A$4 million at the end of the December quarter, and continues to execute an active exploration program.
Sabre's focus is the exploration and development of the Otavi Mountain Land (OML) copper and base metal project in northern Namibia. Exploration during the quarter focused on diamond drilling at the Guchab Mining Centre as well as additional drilling at the nearby Schlangental copper prospect.
GUCHAB CANYON, KOMBAT COPPER TREND $\mathbf{1}$
The drilling program at Guchab continues to return broad intercepts of copper mineralisation throughout the Guchab Canyon area. The Guchab Canyon takes in the area from the Eastern Adits through to the High Valley.
$1.1$ Recent drilling results
Sabre has continued to drill from a number of locations in the Guchab Canyon (Figure 3) in order to define the continuity and orientation of the copper mineralisation. Recent results have included:
| GCDD0045 | 6.81 metres @ 1.50% Copper & 1.47 g/t Silver from 25.00 metres |
|---|---|
| 4.70 metres @ 0.87% Copper & 1.99 g/t Silver from 114.30 metres | |
| 21.86 metres @ 2.22% Copper & 44.59 g/t Silver from 183.00 metres | |
| GCDD0046 | 26.40 metres @ 2.44% Copper & 43.61 g/t Silver from 95.60 metresincluding 10.50 metres @ 3.58% Copper & 67.46 gpt Silver from 111.50 metres |
| GCDD0050 | 10.33 metres @ 3.18% Copper & 29.04 g/t Silver from 72.00 metres |
These results show the copper-silver mineralisation in the Guchab Canyon extending to depth and strengthening in grade, which is in line with Sabre's modelling and observations of the related copper mineralisation in the Otavi Mountain Land (e.g. the Kombat & Tsumeb mines). With the highly irregular topography at Guchab, the deepest of these intercepts occur approximately only 100 metres vertically below surface
Ground conditions have proven difficult in places, with several holes failing due to collapse (drill holes GCDD0043, 0044, and 0052). These holes fell short of their targets and, depending on the results of forthcoming drilling, these targets may be drilled again from a different location.
In preparation for the maiden resource model at Guchab, the Company has begun drilling holes that are aimed at the margins of the system (e.g. GCDD0049). The first of these holes has intercepted limited amounts of copper-silver mineralisation, as expected. Such drillholes will be used to restrain the developing model in order to provide an accurate JORC resource.
Drilling at the northern end of the High Valley area, which marks the northern extent of the Guchab Canyon deposit, has resulted in only minor copper intercepts (drill holes GCDD0053, 0054, 0055, and 0056). Preliminary modelling suggests that mineralisation is restricted to near surface zones, with deeper drilling penetrating beneath the mineralized zone into barren host rocks. The distribution of mineralisation in the northern part of the High Valley area is consistent with the overall southerly plunge of mineralisation in the Guchab Canyon deposit, which shows grades and thicknesses increasing towards the south.
$1.2$ First-pass three dimensional implicit modelling
Preliminary three-dimensional implicit modelling of the Guchab Canyon deposit shows a distinct southerly plunge to the mineralisation. Additionally, the mineralisation is broadening in the south. Copper-silver mineralisation is open to the south, southwest and southeast.
Figure 2 – View of the southern end of the implicit model of the Guchab Canyon deposit as drilled to date looking downwards towards the northwest (left) and to the north-northeast (right). Grade shell of 0.25% Cu shown. No the deposit to the southwest and southeast.
The implicit modelling shows the gross trends of the mineralisation at Guchab, so it is very useful for drill planning and model development. However, the method's statistically-based algorithms do not accurately define mineralisation distributions in detail, at least at this early stage of the project. For example, many of the gaps, pinches, and swells in the model are not real, but are relics of the statistical treatment of the data. These result from a variety of factors including irregular data distributions (due to the restricted availability of locations for drill hole collars) and changes in the orientation of the deposit. For this reason, a lower than desired grade shell of 0.25% Cu has been used in all presented diagrams in order to display continuity that is demonstrably evident in the deposit.
Use of the implicit model has already shown areas where previous interpretations may be incorrect and require additional drill testing. In particular, drillholes GCDD0047 and 0048 now appear to have been stopped short of the remodelled target zone. These short holes will be addressed in forthcoming drilling.
Further refinement of the implicit model for the Guchab Canyon deposit will be undertaken in the coming months with the addition of new data as it is drilled. This model will be used as a support for a full model that will be used to define the maiden resource at Guchab.
$1.3$ Initial exploration target for Guchab
The ongoing drill program at Guchab was designed with a number of aims, including:
- To define the full extent of mineralisation in the Guchab Canyon area (approximately 400 metres strike length),
- To explore the depth extensions of the mineralised system, and
- To define a JORC resource. $\bullet$
The zone of near surface mineralisation around Pads 1 and 5 has now been defined over 150 metres of strike, is 30-40 metres wide near surface, broadening to over 80 metres wide further southward at depth. Mineralisation is continuous to over to 90 metres below surface and is open to the southwest, south and southeast. These dimensions are expected to substantially increase as drilling proceeds and results are received. A study of the geology & mineralisation combined with ongoing drilling success has prompted the company to place an 'Initial Exploration Target' on the prospect area.
Sabre's Phase 1 "Initial Exploration Target" for the Guchab Canyon & its surrounds is:
5-10 million Tonnes @ 1-3% Copper & 10-30 gpt Silver*
*The potential quantity and grade of the Guchab deposits is conceptual in nature, as Sabre has determined that insufficient work has been undertaken to define a mineral resource and it is uncertain if further exploration will result in the determination of a mineral resource. The 'exploration target' is based upon the success of the drilling program to date and the mapped extents of copper mineralisation in the Guchab Canyon.
IRON HAT (EISERNENHUT) $\overline{\mathbf{z}}$
Reconnaissance drilling at the Iron Hat (Eisernenhut) was undertaken during the quarter. Five drill holes in total were collared, with two of these failing to hit target depths due to poor ground conditions.
The Iron Hat is a copper-rich gossan located on a prominent ridgeline around 550 m east of the Guchab Canyon deposit. In outcrop, the gossan is ovoid in shape and measures approximately 100m by 50m. Initial drilling has intercepted several limited zones of mineralisation, including:
IHDD0004 2.74 metres @ 3.05% Copper and 52.9 g/t Silver from 0 m
IHDD0005 2.26 metres @ 4.85% Copper and 171.2 g/t Silver from 89.44m
Copper distributions in the subsurface do not match those observed in outcrop. Preliminary analysis suggests that these mineralised zones represent feeders from an underlying copper sulphide body to the outcropping gossan. In-depth analysis of the drill core is currently underway to get a better understanding of the area before further work is undertaken.
ONGOING WORK $\overline{\mathbf{3}}$
Sabre's exploration continues in the Otavi Mountain Land, with the program focusing on the Kombat East area. This target area covers the stratigraphy between the Kombat mine and the historic Guchab Mining Centre, with the aim of delineating a substantial resource inventory during 2013-14.
Drilling will continue at Guchab, focusing on extending the Guchab Canyon copper-silver mineralisation further to the southwest, south, and southeast. Ongoing assessment will continue at the other Guchab Mining Centre prospects, and also on the Kombat East area and around the excised Kombat Copper Mine.
CORPORATE $\overline{\mathbf{A}}$
At the end of the quarter, the Company remains well-funded with approximately $4 million dollars in cash.
For further information please contact:
Dr Matthew Painter, General Manager - Exploration
Phone (08) 9481 7833
Or consult our website:
Competent Person Declaration
The information in this report that relates to Exploration Results is based on information compiled by Dr Matthew Painter of Sabre Resources Ltd, who is a member of The Australian Institute of Geoscientists. Dr Painter has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australian Code for Reporting of Exploration Results, Mineral Resource and Ore Reserves". Dr Painter 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 Mineral Resources or Ore Reserves is based on information compiled by Luke Marshall of Golden Deeps Limited, who is a member of The Australian Institute of Geoscientists. Mr Marshall has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that 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 Resource and Ore Reserves". Mr Marshall consents to the inclusion in the report of the matters based on his information in the form and context in which it appears
Forward-Looking Statements
This document may include forward-looking statements. Forward-looking statements include, but are not limited to, statements concerning Sabre Resources Ltd's planned exploration program and other statements that are not historical facts. When used in this document, the words such as "could," "plan," "estimate," "expect," "intend," "may", "potential," "should," and similar expressions are forward-looking statements. Although Sabre Resources Ltd believes that its expectations reflected in these forward-looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements.
Appendix 1 - Guchab Diamond Drilling
* Copper (Cu) & Silver (Ag) values were determined at the accredited 'Bureau Veritas' Laboratory in Swakopmund, Namibia.
| Hole No | Northing | Collar coordinatesEasting | RL | Final Depth(m) | Dip(o) | Azimutho(True) | FromDownholeTo (m)(m)Intercept (m) | Grade / Comment | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| GCDD0001 | 7818105 | 796081 | 1781 | 111.39 | -40° | 191° | 0.60 | 108.35 | 107.75 | 1.15% Cu & 6.93 g/t Ag | |
| incl | 17.90 | 20.25 | 2.35 | 13.24% Cu & 70.84 g/t Ag | |||||||
| & | 29.80 | 52.15 | 22.35 | 2.08% Cu & 10.11 g/t Ag | |||||||
| & | 96.90 | 100.05 | 3.15 | 2.85% Cu & 22.90 g/t Ag | |||||||
| GCDD0002 | 7818105 | 796081 | 1781 | 101.13 | -60° | 182° | 1.42 | 27.98 | 26.56 | 1.06% Cu & 6.25 g/t Ag | |
| incl | 1.42 | 5.58 | 4.16 | 2.36% Cu & 7.93 g/t Ag | |||||||
| & | 8.19 | 12.76 | 4.57 | 2.18% Cu & 21.44 g/t Ag | |||||||
| GCDD0003 | 7818105 | 796081 | 1781 | 53.43 | -80° | 191° | 1.00 | 19.90 | 18.90 | 1.54% Cu & 9.66 g/t Ag | |
| 1.008.007.00incl | 2.52% Cu & 10.12 g/t Ag | ||||||||||
| GCDD0004 | 7818105 | 796081 | 1781 | 60.63 | -55° | 224° | 0.00 | 24.05 | 24.05 | 1.29% Cu & 10.91 g/t Ag | |
| incl | 7.18 | 9.54 | 2.36 | 3.47% Cu & 35.34 g/t Ag | |||||||
| & | 23.05 | 24.05 | 1.00 | 8.55% Cu & 38.38 g/t Ag | |||||||
| GCDD0005 | 7818105 | 796081 | 1781 | 53.32 | -55° | 161° | 0.00 | 22.20 | 22.20 | 3.45% Cu & 29.67 g/t Ag | |
| incl | 20.05 | 22.2 | 2.15 | 17.60% Cu & 247.70 g/t Ag | |||||||
| GCDD0006 | 795610 | 795610 | 1837 | 48.35 | -45° | 291° | 0.907.00 | 15.009.65 | 14.102.65 | 1.31% Cu & 10.50 g/t Ag5.10% Cu & 50.94 g/t Ag | |
| GCDD0007 | 795610 | 795610 | 1837 | 48.55 | -60° | 280° | incl | 5.48 | 13.85 | 8.37 | 0.54% Cu & 7.43 g/t Ag |
| incl | 5.48 | 6.67 | 1.19 | 1.41% Cu & 25.40 g/t Ag | |||||||
| GCDD0008 | 795610 | 795610 | 1837 | 72.89 | -45° | 350° | NA | NA | NA | Hole abandoned @ 72.89 m | |
| GCDD0009 | 795610 | 795610 | 1837 | 17.63 | -70° | 170° | NA | NA | NA | Hole abandoned @ 17.63 m | |
| GCDD0010 | 795610 | 795610 | 1837 | 13.62 | -70° | 170° | NA | NA | NA | Redrill GCDD0009 - | |
| abandoned | |||||||||||
| GCDD0011 | 7818246 | 795918 | 1832 | 103.45 | -42° | 100° | 42.22 | 61.07 | 18.85 | 1.06% Cu & 15.05 g/t Ag | |
| incl | 57.44 | 61.07 | 3.63 | 4.08% Cu & 61.92 g/t Ag | |||||||
| GCDD0012 | 7818246 | 795918 | 1832 | 115.73 | -40° | 131° | NA | NA | NA | Hole abandoned @ 115.73m | |
| due to rig failure | |||||||||||
| GCDD0013 | 7818054 | 796066 | 1774 | 80.10 | -40° | 041° | 0.00 | 31.50 | 31.50 | 0.29% Cu & 2.30 g/t Ag | |
| incl | 0.00 | 2.00 | 2.00 | 1.03% Cu & 5.40 g/t Ag | |||||||
| GCDD0014 | 7818054 | 796066 | 1774 | 86.89 | -60° | 041° | 0.00 | 53.10 | 53.10 | 1.23% Cu & 11.20 g/t Ag | |
| incl | 0.00 | 6.55 | 6.55 | 2.17% Cu & 9.50 g/t Ag | |||||||
| & | 12.00 | 21.00 | 9.00 | 2.95% Cu & 19.10 g/t Ag | |||||||
| GCDD0015 | 7818054 | 796066 | 1774 | 90.39 | -80° | 041° | 0.31 | 52.16 | 51.85 | 1.35% Cu & 15.45 g/t Ag | |
| GCDD0016 | 7818054 | 796066 | 1774 | 110.96 | -49° | 165° | incl | 17.7220.00 | 33.0032.22 | 15.2812.22 | 2.81% Cu & 28.66 g/t Ag0.67% Cu & 5.87 g/t Ag |
| incl | 25.75 | 26.87 | 1.12 | 2.14% Cu & 4.10 g/t Ag | |||||||
| 57.37 | 86.64 | 29.27 | 0.80% Cu & 10.86 g/t Ag | ||||||||
| incl | 63.73 | 66.31 | 2.58 | 2.49% Cu & 27.03 g/t Ag | |||||||
| & | 71.44 | 78.10 | 6.66 | 1.06% Cu & 15.09 g/t Ag | |||||||
| GCDD0017 | 7818054 | 796066 | 1774 | 159.36 | -65° | 161° | 12.00 | 39.00 | 27.00 | 0.53% Cu & 6.77 g/t Ag | |
| incl | 24.00 | 29.12 | 5.12 | 1.58% Cu & 18.21 g/t Ag | |||||||
| 50.00 | 78.40 | 28.40 | 0.61% Cu & 11.99 g/t Ag | ||||||||
| incl | 66.20 | 78.40 | 12.20 | 0.87% Cu & 15.77 g/t Ag | |||||||
| 93.44 | 131.00 | 37.56 | 0.92% Cu & 12.43 g/t Ag | ||||||||
| incl | 93.44 | 99.11 | 5.67 | 2.28% Cu & 20.02 g/t Ag | |||||||
| 126.00 | 131.00 | 5.00 | 1.82% Cu & 33.76 g/t Ag | ||||||||
| GCDD0018 | 7818054 | 796066 | 1774 | 132.47 | -80° | 165° | 15.00 | 23.59 | 8.59 | 1.00% Cu & 12.15 g/t Ag | |
| 36.40 | 50.50 | 14.10 | 0.89% Cu & 7.16 g/t Ag | ||||||||
| incl | 48.0059.00 | 50.5076.00 | 2.5017.00 | 1.70% Cu & 7.74 g/t Ag1.00% Cu & 23.70 g/t Ag | |||||||
| GCDD0019 | 7818054 | 796066 | 1774 | 153.21 | -55° | 180° | 23.04 | 38.45 | 15.41 | 1.08% Cu & 5.24 g/t Ag | |
| incl | 37.37 | 38.45 | 1.08 | 6.45% Cu & 42.26 g/t Ag | |||||||
| 58.35 | 104.00 | 45.65 | 1.04% Cu & 12.27 g/t Ag | ||||||||
| incl | 58.35 | 73.25 | 14.90 | 1.30% Cu & 16.20 g/t Ag | |||||||
| & | 81.10 | 104.00 | 22.90 | 1.22% Cu & 15.88 g/t Ag | |||||||
| GCDD0020 | 7818054 | 796066 | 1774 | 149.99 | -45° | 186° | 29.00 | 45.00 | 16.00 | 1.19% Cu & 8.26 g/t Ag | |
| 78.00 | 82.55 | 4.55 | 0.53% Cu & 3.07 g/t Ag | ||||||||
| GCDD0021 | 7818054 | 796066 | 1774 | 120.34 | -60° | 339° | 0.00 | 47.27 | 47.27 | 0.64% Cu & 5.33 g/t Ag | |
| incl | 0.00 | 4.17 | 4.17 | 1.52% Cu & 11.52 g/t Ag | |||||||
| & | 11.68 | 13.00 | 1.32 | 3.66% Cu & 20.41 g/t Ag | |||||||
| & | 21.46 | 23.60 | 2.14 | 2.27% Cu & 19.03 g/t Ag | |||||||
| GCDD0022 | 7818054 | 796066 | 1774 | 120.09 | -30° | 339° | 0.00 | 5.00 | 5.00 | 1.38% Cu & 7.82 g/t Ag | |
| GCDD0023 | 7818054 | 796066 | 1774 | 120.39 | -80° | 339° | 0.00 | 40.81 | 40.81 | 1.34% Cu & 11.63 g/t Ag |
| Collar coordinates | Final Depth | Azimuth | From | Downhole | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Hole No | Northing | Easting | RL | (m) | Dip(o) | o(True) | (m) | To (m) | Intercept (m) | Grade / Comment | |
| 55.60 | 64.34 | 8.74 | 0.80% Cu & 21.65 g/t Ag | ||||||||
| GCDD0024 | 7818054 | 796066 | 1774 | 59.09 | -40° | 210° | NA | NA | NSR | No Significant Results | |
| GCDD0025 | 7818054 | 796066 | 1774 | 144.33 | -60° | 210° | 36.00 | 39.10 | 3.10 | 3.04% Cu & 22.17 g/t Ag | |
| 65.38 | 124.00 | 58.62 | 1.38% Cu & 28.27 g/t Ag | ||||||||
| incl | 116.00 | 124.00 | 8.74 | 3.04% Cu & 59.08 g/t Ag | |||||||
| GCDD0026 | 7818054 | 796066 | 1774 | 129.45 | -80° | 210° | 14.63 | 30.45 | 15.82 | 2.80% Cu & 24.61 g/t Ag | |
| 50.50 | 58.42 | 7.92 | 1.12% Cu & 12.14 g/t Ag | ||||||||
| 75.80 | 80.00 | 4.20 | 1.90% Cu & 41.55 g/t Ag | ||||||||
| GCDD0027 | 7818107 | 796083 | 1781 | 38.64 | -40° | 120° | 0.00 | 17.64 | 17.64 | 1.24% Cu & 5.50 g/t Ag | |
| GCDD0028 | 7818110 | 796084 | 1781 | 50.84 | -40° | 060° | 1.00 | 29.72 | 28.72 | 0.64% Cu & 8.83 g/t Ag | |
| incl | 5.90 | 8.46 | 2.56 | 2.04% Cu & 14.45 g/t Ag | |||||||
| GCDD0029 | 7818111 | 796082 | 1781 | 41.69 | -40° | 030° | 0.00 | 24.00 | 24.00 | 0.60% Cu & 6.66 g/t Ag | |
| incl | 0.00 | 4.81 | 4.81 | 1.10% Cu & 8.81 g/t Ag | |||||||
| GCDD0030 | 7818112 | 796080 | 1781 | 44.79 | -40° | 000° | 0.00 | 15.00 | 15.00 | 0.81% Cu & 13.24 g/t Ag | |
| incl | 0.00 | 7.28 | 7.28 | 1.36% Cu & 19.16 g/t Ag | |||||||
| GCDD0031 | 7818113 | 796077 | 1781 | 59.76 | -40° | 325° | 0.00 | 10.52 | 10.52 | 1.10% Cu & 11.29 g/t Ag | |
| incl | 0.00 | 4.60 | 4.60 | 1.93% Cu & 21.20 g/t Ag | |||||||
| GCDD0032 | 7818110 | 796077 | 1781 | 62.93 | -40° | 303° | 1.04 | 11.00 | 9.96 | 1.85% Cu & 13.69 g/t Ag | |
| GCDD0033 | 7818107 | 796080 | 1781 | 30.45 | -40° | 240° | 0.00 | 10.91 | 10.91 | 1.38% Cu & 8.61 g/t Ag | |
| GCDD0034 | 7818110 | 796081 | 1781 | 80.84 | -81° | 071° | 0.00 | 19.73 | 19.73 | 1.49% Cu & 12.81 g/t Ag | |
| incl | 12.78 | 17.58 | 4.80 | 2.80% Cu & 34.35 g/t Ag | |||||||
| GCDD0035 | 7818110 | 796080 | 1781 | 50.00 | -71° | 010° | 1.54 | 23.00 | 21.46 | 0.46% Cu & 6.78 g/t Ag | |
| GCDD0036 | 7818109 | 796080 | 1781 | 93.39 | -75° | 311° | 0.00 | 15.50 | 15.50 | 0.59% Cu & 6.14 g/t Ag | |
| 23.00 | 26.91 | 3.91 | 1.25% Cu & 12.05 g/t Ag | ||||||||
| GCDD0037 | 7818222 | 795946 | 1839 | 62.75 | -40° | 071° | 2.90 | 12.98 | 10.08 | 1.54% Cu & 23.19 g/t Ag | |
| 38.75 | 44.00 | 5.25 | 2.66% Cu & 11.78 g/t Ag | ||||||||
| GCDD0038 | 7818221 | 795946 | 1839 | 81.42 | -60° | 060° | 3.50 | 13.00 | 9.50 | 1.09%Cu & 7.79 g/t Ag | |
| GCDD0039 | 7818189 | 795961 | 1839 | 106.99 | -40° | 060° | 2.95 | 26.10 | 23.15 | 1.29% Cu & 4.50 g/t Ag | |
| incl | 21.00 | 26.10 | 5.10 | 2.83% Cu & 8.33 g/t Ag | |||||||
| GCDD0040 | 7818187 | 795959 | 1839 | 119.99 | -60° | 071° | 4.55 | 18.72 | 14.17 | 1.35% Cu & 9.14 g/t Ag | |
| incl | 8.31 | 10.69 | 2.38 | 5.73% Cu & 26.37 g/t Ag | |||||||
| GCDD0041 | 7818140 | 796006 | 1830 | 109.79 | -40° | 060° | 22.13 | 28.00 | 5.87 | 1.24% Cu & 6.29 g/t Ag | |
| GCDD0042 | 7818139 | 796005 | 1830 | 140.09 | -60° | 060° | NA | NA | NSR | No Significant Results | |
| GCDD0043 | 7817911 | 796095 | 1710 | 100.20 | -45° | 330° | NA | NA | NA | Hole collapsed | |
| GCDD0044 | 7817911 | 796095 | 1710 | 81.40 | -30° | 341° | NA | NA | NA | Hole collapsed | |
| GCDD0045 | 7818156 | 796053 | 1825 | 204.86 | -40° | 194° | 25.00 | 31.81 | 6.81 | 1.50% Cu & 1.47 g/t Ag | |
| 114.30 | 119.00 | 4.70 | 0.87% Cu & 1.99 g/t Ag | ||||||||
| 183.00 | 204.86 | 21.86 | 2.22% Cu & 44.59 g/t Ag | ||||||||
| GCDD0046 | 7817912 | 796094 | 1710 | 160.05 | -15° | 341° | 95.60 | 122.00 | 26.40 | 2.44% Cu & 43.61 g/t Ag | |
| GCDD0047GCDD0048 | 78179107817910 | 796096796096 | 17101710 | 90.3590.20 | -65°-85° | 341°341° | NANA | NANA | NSRNSR | No Significant ResultsNo Significant Results | |
| GCDD0049 | 7817907 | 796097 | 1830 | 199.20 | -75° | 150° | NA | NA | NSR | No Significant Results | |
| GCDD0050 | 7817939 | 796113 | 1708 | 129.30 | -25° | 330° | 72.00 | 82.33 | 10.33 | 3.18% Cu & 29.04 g/t Ag | |
| GCDD0051 | 7817938 | 796114 | 1708 | 142.80 | -40° | 330° | 77.61 | 79.00 | 1.33 | 0.93% Cu & 8.26 g/t Ag | |
| 83.54 | 85.00 | 1.46 | 1.93% Cu & 15.24 g/t Ag | ||||||||
| 92.00 | 93.33 | 1.00 | 2.44% Cu & 29 g/t Ag | ||||||||
| GCDD0052 | 7817937 | 796114 | 1708 | 66.50 | -55° | 330° | NA | NA | NA | Hole collapsed | |
| GCDD0053 | 7818254 | 795906 | 1859 | 71.59 | -40° | 030° | NA | NA | NSR | No Significant Results | |
| GCDD0054 | 7818252 | 795908 | 1859 | 44.47 | -40° | 060° | NA | NA | NSR | No Significant Results | |
| GCDD0055 | 7818251 | 795908 | 1859 | 99.09 | -60° | 090° | NA | NA | NSR | No Significant Results | |
| GCDD0056 | 7818252 | 795907 | 1863 | 160.00 | -60° | 071° | NA | NA | NSR | No Significant Results | |
| GCDD0058 | 7817938 | 796114 | 1708 | 160.00 | -50° | 335° | 89.80 | 91.00 | 1.20 | 1.57% Cu & 48.50 g/t Ag |
Appendix 2 - Iron Hat Diamond Drilling
* Copper (Cu) & Silver (Ag) values were determined at the accredited 'Bureau Veritas' Laboratory in Swakopmund, Namibia.
| Hole No | Collar coordinates | Final Depth | Azimuth | From | To (m) | Downhole | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Northing | Easting | RL | (m) | Dip(o) | o(True) | (m) | Intercept (m) | Grade / Comment | |||
| IHDD0001 | 7818176 | 796589 | 1880 | 160.89 | -40° | 050° | NA | NA | NSR | No Significant Results | |
| IHDD0002 | 7818174 | 796591 | 1880 | 150.03 | -40° | 080° | 58.95 | 61.00 | 1.05 | 2.77% Cu & 70.50 g/t Ag | |
| IHDD0003 | 7818178 | 796589 | 1880 | 107.69 | -40° | 020° | NA | NA | NSR | No Significant Results | |
| IHDD0004 | 7818207 | 796620 | 1908 | 45.40 | -90° | 000° | 0.00 | 2.74 | 2.74 | 3.05% Cu & 52.94 g/t Ag | |
| IHDD0005 | 7818205 | 796678 | 1878 | 104.59 | -40° | 270° | 89.44 | 90.50 | 2.26 | 4.84% Cu & 171.23 g/t Ag |
Appendix 3 - Schedule of Mining and Exploration Tenements
| Country State/Region | Project | Tenement ID | Area (km2) | Grant date | Interest | |
|---|---|---|---|---|---|---|
| Namibia | Otjozondjupa | Otavi Mountain Land base metals | EPL3540EPL3542 | 166.3475.5 | 30/10/200630/10/2006 | 80%70% |