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TARUGA MINERALS LIMITED M&A Activity 2016

Mar 14, 2016

65895_rns_2016-03-14_3817389d-63dd-4fe3-965b-61eb3fcc539d.pdf

M&A Activity

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ASX RELEASE

15 March 2016

TARUGA GOLD – KOSSA PROJECT, NIGER Preliminary Mineral Resource Estimate

Highlights:

  • Kossa Project licences renewed and additional licences granted with project area now exceeding 1,100km[2] .

  • A JORC compliant Mineral Resource estimate for the Borobon Prospect has an initial Inferred Resource of 2.7Mt @1.3g/t gold for 112,000ozs gold

  • Borobon prospect resource area remains open along strike and at depth

  • Planning for additional exploration including additional drilling for extensions to defined mineralisation

  • New concession area has extensive geochemical anomalies from historic sampling

  • Taruga continues to assess opportunities for new acquisitions or value adding agreements relating to existing projects

Taruga Gold Limited (ASX:TAR) (“Taruga” or the “Company”) is pleased to provide this update on the Kossa Project in Niger, West Africa. The Company has completed a preliminary Inferred Mineral Resource estimate of 2.7Mt @ 1.3g/t gold for 112,000ozs gold (top cut 20g/t gold and lower cut-off of 0.5g/t gold applied) at the Borobon prospect, located in the Kossa 1 concession. The Company is continuing to review the Kossa project following the renewal of concessions as well as the granting of two new concessions Ouanzerbie and Kouriki. The total area under licence is now over 1,100km[2] (Figure 1).

“The Kossa project located in northwestern Niger is a highly prospective landholding 100% owned by Taruga. The Company has continued to review this extensive area with the focus on identifying potential large gold mineralized systems. The project is located just 15km from the Essakane gold mine – the largest gold mine in Burkina Faso and the geological setting indicates potential for similar styles of gold mineralization. This preliminary Inferred Resource at Borobon is regarded as a first step in continued exploration and development of this area”, Managing Director Bernard Aylward commented.

“Taruga is assessing opportunities, both within the countries that we currently operate and in neighboring countries. We are confident that there are excellent opportunities to acquire, explore and advance gold exploration projects within West Africa. In addition, we have successfully concluded two Joint Ventures with major companies in 2015 and will continue to assess opportunities for agreements that represent value for our shareholders”

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Figure 1 – Taruga Gold Limited – Kossa Project Concession Location, Niger

Borobon Prospect

The Borobon prospect is located at the south end of the Kossa–Borobon trend, a 10km strike length of gold mineralisation defined by drilling, anomalous geochemistry and artisanal workings. Extensive gold mineralisation has been defined at the Borobon prospect with drilling completed by Taruga and previous explorers.

At the Borobon prospect gold mineralisation is hosted in parallel shear zones in a folded sedimentary sequence (refer Figure 3). Interpretation of the drilling results indicates a series of plunging shoots that require additional drilling to target strike and depth extension. The gold mineralised shoots are interpreted to

2

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result from the intersection of shear structures highlighted on the detailed aeromagnetic survey.

Previous reported results from Taruga RC drilling include:

  • 22m at 1.98g/t gold from 106m in drill hole TKRC108 including 13m at 2.59g/t gold from 114m

  • 4m at 2.24g/t gold from 126m in drill hole TKRC117

  • 1m at 3.31g/t gold from 35m in drill hole TKRC116

  • 2m at 1.58g/t gold from 27m in drill hole TKRC093

  • 5m at 3.16g/t gold from 2m in drill hole TKRC090

  • 9m at 1.74g/t gold from 26m in drill hole TKRC076

  • 4m at 2.26g/t gold from 106m in drill hole TKRC071

  • o 8m at 1.21g/t gold from 76m in drill hole TKRC062

(refer ASX announcement 17 Jan 2013, 24 April 2013)

Mineral Resource Estimate

A preliminary JORC compliant mineral resource estimate has been complete for the Borobon prospect. The resource estimate is based on drilling completed by Taruga and historically by Orezone Corporation ( TSX-V listed).

An Inferred Resource of 2.7Mt at 1.29g/t gold for 112,000ozs gold is estimated.

(Top cut 20g/t gold, lower cut 0.5g/t gold applied)

Full detail of the resource estimation are provide in Table 1.

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Figure 2 – Taruga Gold Limited - Borobon prospect wireframe interpretation of gold mineralization for preliminary resource estimate.

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Figure 3 – Taruga Gold Limited – Borobon Prospect drill hole location and significant results

Kossa Project Overview

Taruga has previously announced it had received renewals of its existing Kossa 1 and Kossa 2 concessions as well as been granted 2 additional concessions in the same greenstone belt (Figure 1).

The Company is continuing to review this large landholding and priorities areas for additional exploration. Within the new concessions, wide-spaced reconnaissance geochemistry has partly been completed by Orzeone, with

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samples up to 1.27g/t gold returned. No drilling has been completed within the souther Kouriki concessions and a limited amount of shallow aircore drilling completed in the northern Ouanzerbe concession.

A program of reconnaissance geological mapping and confirmation geochemical sampling is proposed for the new concessions to assist with the ranking and prioritization of targets.

Corporate

Taruga is maintaining an active process of reviewing all available projects and opportunities for new acquisitions within West Africa.

In addition, the Company is continuing its strategy of Joint Ventures where major companies are able to rapidly advance the companies projects. We are continuing to review all potential agreements that will add value to the company.

For further information see the Company’s website www.tarugagold.com.au or contact:

Bernard Aylward Managing Director Taruga Gold Limited Mob: +61 418 943 345

Competent person’s statement

The information in this report that relates to geological information and exploration results is based on information compiled by Mr Bernard Aylward. Mr Aylward is the Managing Director of Taruga Gold Limited and is a full-time employee of the company.

The Mineral Resource estimate was completed by external consultant Mr Phil Jankowski of Baltica Consulting. The Resource interpretation, modelling and estimation has been reviewed by Mr Aylward and Mr Aylward is the Competent person for the Resource statement.

Mr Aylward is a member of The Australasian Institute of Mining and Metallurgy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Aylward consents to the inclusion in the report of the matters based on information in the form and context in which it appears.

About Taruga Gold

Taruga is a West African focused gold explorer that has compiled a diverse portfolio of exploration projects within the Birimian geology of West Africa. This region is at present one of the world’s great gold districts and has had a significant rate of discovery and development of new gold mines over past decades.

Taruga has ~4,000km[2] of highly prospective tenements in Cote d’Ivoire, Southern Mali and Niger, all within similar geological settings as world-class goldmines. The Company’s Kossa Project in Niger is 15km from the 5moz Essakane goldmine; in Mali, the Nangalasso project is 30km west of the 7moz Syama project.

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JORC Code, 2012 Edition – Table 1 report template

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections.)

Criteria JORC Code explanation Commentary
Sampling
techniques
Nature and quality of sampling (eg cut 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
not be taken as limiting the broad meaning of sampling.
Include reference to measures taken to ensure sample representivity
and the appropriate calibration of any measurement tools or systems
used.
Drilling has been completed by Taruga Gold – RC drilling samples, and
historically by Orezone – RC and minor diamond drilling.
Reverse circulation drilling has been utilised to obtain 1m samples, and
samples collected for assay. Taruga sampling has been initially 3m
composite samples, with subsequent 1m riffle split samples collected
over mineralised intersections. Samples have been analysed by 1kg
Bottle Rolls (Leachwell) anaylsis with 24hour roll.
Aspects of the determination of mineralisation that are Material to the Orezone completed RC and diamond drilling with industry standard
Public Report. techniques. RC samples were 1m riffle split samples, and diamond core
In cases where ‘industry standard’ work has been done this would be
relatively simple (eg ‘reverse circulation drilling was used to obtain 1
was sampled at maximum 1m intervals or as indicated by geological
logging of core and identification of zones of interest.
m samples from which 3 kg was pulverised to produce a 30 g charge
for fire assay’). In other cases more explanation may be required,
such as where there is coarse gold that has inherent sampling
problems. Unusual commodities or mineralisation types (eg
submarine nodules) may warrant disclosure of detailed information.
Drilling Drill type (eg core, reverse circulation, open-hole hammer, rotary air 14 diamond drillholes for 1735.4m; 405 RC holes for 32,051m
techniques blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple
or standard tube, depth of diamond tails, face-sampling bit or other
type, whether core is oriented and if so, by what method, etc).
Drill sample
recovery

Method of recording and assessing core and chip sample recoveries
and results asses
Measures taken to maximise sample recovery and ensure
All drill sample is logged and recovery noted.
Contract drilling company Geodrill provides industry standad
equipment and trained operatios to ensure good drilling technique
representative nature of the samples. Samples are collected directly from drill rig cyclone and weighed to
Whether a relationship exists between sample recovery and grade monitor recovery.
and whether sample bias may have occurred due to preferential No relationship is observed between recovery and grade of sample
loss/gain of fine/coarse material.
Logging Whether core and chip samples have been geologically and
geotechnically logged to a level of detail to support appropriate
All RC drill chips have been geologically logged. Taruga logging
recorde directly on site, and subsequent review.
Mineral Resource estimation, mining studies and metallurgical
studies.

6

Criteria JORC Code explanation Commentary
Whether logging is qualitative or quantitative in nature. Core (or Orezone logging has been compiled from historic reports and
costean, channel, etc) photography. government data
The total length andpercentage of the relevant intersections logged.
Sub- If core, whether cut or sawn and whether quarter, half or all core All RC samples have been riffle split. This is appropriate sampling
sampling
techniques
and sample
preparation

taken.
If non-core, whether riffled, tube sampled, rotary split, etc and
whether sampled wet or dry.
For all sample types, the nature, quality and appropriateness of the
sample preparation technique.
technique for the style of drilling and targeted mineralisation
All sample batches were submitted with QAQC standards including
Certified reference material, blank samples and duplicates
The 1kg Bottle Roll technique is regarded as appropriate for the sample
Quality control procedures adopted for all sub-sampling stages to analysis and appropriate for the style of mineralization
maximise representivity of samples.
Measures taken to ensure that the sampling is representative of the in
situ material collected, including for instance results for field
duplicate/second-half sampling.
Whether sample sizes are appropriate to the grain size of the material
being sampled.
Quality of
assay data
and
laboratory
tests
The nature, quality and appropriateness of the assaying and
laboratory procedures used and whether the technique is considered
partial or total.
For geophysical tools, spectrometers, handheld XRF instruments, etc,
the parameters used in determining the analysis including instrument
make and model, reading times, calibrations factors applied and their
derivation, etc.

The assaying technique is an industry standard technique and is
appropriate for this style of mineralization
All sample batches were submitted with QAQC standards including
Certified reference material, blank samples and duplicates. QAQC
results have been analysed and confirm no assay bias or areas of
concern
Nature of quality control procedures adopted (eg standards, blanks,
duplicates, external laboratory checks) and whether acceptable levels
of accuracy (ie lack of bias) and precision have been established.
Verification The verification of significant intersections by either independent or Assays samples have been validated by re-split and check sampling
of sampling
and
assaying

alternative company 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.
where appropriate. Drilling has been completed by Taruga to validate
previous Orezone drill holes.
All drill hole data (geological and sample) is recorded on site and stored
in the Company’s geological database.
No adjustments have been made to any assay data
Location of Accuracy and quality of surveys used to locate drill holes (collar and Drillholes have been picked up by DGPS.
data points down-hole surveys), trenches, mine workings and other locations
used in Mineral Resource estimation.
Specification of thegrid system used.

7

Criteria JORC Code explanation Commentary
Quality and adequacy of topographic control.
Data Data spacing for reporting of Exploration Results. The RC drilling is on lines with a nominal 200m spacing along strike and
spacing
and
distribution
Whether the data spacing and distribution is sufficient to establish the
degree of geological and grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation procedure(s) and
classifications applied.
40m across strike; the lines are approximately normal to the strike.
Whether sample compositing has been applied.
Orientation Whether the orientation of sampling achieves unbiased sampling of The drillholes dip to the west at 60 degrees are oriented at approximately
of data in possible structures and the extent to which this is known, considering 70 degrees to the steeply east-dipping interpreted lodes.
relation to
geological
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 The measures taken to ensure sample security. Samples were collected on site by Company employees.
security Samples were identified by Company employees, and transported
directly to the assay laboratory in Company vehicles.
Audits or The results of any audits or reviews of sampling techniques and data.
No audits completed
reviews

Section 2 Reporting of Exploration Results

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

Criteria JORC Code explanation Commentary
Mineral Type, reference name/number, location and ownership including The Borobon prospect is located on the Kossa 1 concession. The
tenement
and land
tenure
agreements or material issues with third parties such as joint
ventures, partnerships, overriding royalties, native title interests,
historical sites, wilderness or national park and environmental
settings.
renewal is dated 5/8/2015 and arrete no 0182/MMDI/SG/DGMG/DM
The concession is 100% owned by Taruga Gold, via subsidiary
company Gecko Gold Niger
The Kossa 2 concession is 100% owned by Gecko Gold Niger, with a
status The security of the tenure held at the time of reporting along with any renewed concession dated 5/8/2015 and arrete no
known impediments to obtaining a licence to operate in the area. 183/MMDI/SG/DGMG/DM
The Ounzerbe concession is owned 100% by Taruga Gold, issued on
29/9/2015 with arrete number 0186/MMDI/SG/DGMG/DM
The Kouriki concession is 100% owned by Taruga Gold, issued on
29/9/2015 with arrete number 0187/MMDI/SG/DGMG/DM

8

Criteria JORC Code explanation Commentary
Exploration
done by
other
parties

Acknowledgment and appraisal of exploration by other parties.
Exploration has been completed by Taruga Gold Limited.
Previous exploration has been completed by Orezone Corporation
(TSX-V listed company.
All previous exploration completed by Orezone has been compiled by
Taruga geologists, validated and entered into the company’s
database.
Taruga has completed drilling to validate previous exploration by
Orezone, and found the information to be valid. In addition, Taruga
has undertaken field visits to locate and check previous drilling.
Taruga has undertaken infill and extension geochemistry that
supports the previous work completed by Orezone.
Geology Deposit type, geological setting and style of mineralisation. At the Borobon prospect gold mineralisation is hosted in parallel shear
zones in a folded sedimentary sequence. Interpretation of the drilling
results indicates a series of plunging shoots that require additional drilling
to target strike and depth extension. The gold mineralised shoots are
interpreted to result from the intersection of shear structures highlighted
on the detailed aeromagnetic survey
The Kossa Project is being explored for Birimian aged, greenstone hosted
mesothermal gold deposits. This style of deposit is typical for West Africa,
and the nearest gold deposit is the Essakane gold mine, located in the
same greenstone belt as the Kossa project.
Drill hole A summary of all information material to the understanding of the See attached table
Information exploration results including a tabulation of the following information
for all Material drill holes:
No information has been excluded
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.

9

Criteria JORC Code explanation Commentary
Data In reporting Exploration Results, weighting averaging techniques, No metal equivalent values reported.
aggregatio
n methods
maximum and/or minimum grade truncations (eg cutting of high
grades) and cut-off grades are usually Material and should be 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.
Exploration intersections are reported using industry standard and
accepted practices. For RC drilling intersections are based on 1m
sampling that is aggregated over a defined mineralised zones on a
lowere cut-off of 0.5g/t gold, with a maximum of 2m continuous internal
dilution.
The assumptions used for any reporting of metal equivalent values
should be clearly stated.
Relationshi These relationships are particularly important in the reporting of The average angle between the drillholes and the interpreted lodes is 70
p between
mineralisati
on widths
and
Exploration Results.
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 (eg ‘down hole length, true
degrees; true length is the downhole length multiplied by 0.9.
intercept width not known’).
lengths
Diagrams Appropriate maps and sections (with scales) and tabulations of
intercepts should be included for any significant discovery being
ASX announcement contains relevant diagrams to indicate location and
exploration information
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 Exploration Results is not This ASX announcement, previous announcements and the Mineral
reporting practicable, representative reporting of both low and high grades
and/or widths should be practiced to avoid misleading reporting of
Resource estimate provide a balanced report of the project and the
Borobon prospect
Exploration Results.
Other Other exploration data, if meaningful and material, should be reported
No other relevant data
substantive
including (but not limited to): geological observations; geophysical
exploration
data
survey results; geochemical survey results; bulk samples – size and
method of treatment; metallurgical test results; bulk density,
groundwater, geotechnical and rock characteristics; potential
deleterious or contaminating substances.
Further The nature and scale of planned further work (eg tests for lateral Further work will include follow-up and extension drilling in the area of
work extensions or depth extensions or large-scale step-out drilling). the defined resource.
Diagrams clearly highlighting the areas of possible extensions,
including the main geological interpretations and future drilling areas,
provided this information is not commercially sensitive.

10

Criteria JORC Code explanation Commentary
The Company has a large landholding, and exploration is generally at an
early stage. Subsequent exploration will include geochemical sampling,
reconnaissance Aircore drilling and RC drilling.

Section 3 Estimation and Reporting of Mineral Resources

(Criteria listed in section 1, and where relevant in section 2, also apply to this section.)

Criteria JORC Code explanation Commentary
Database Measures taken to ensure that data has not been corrupted by, for All data is directly entered into electronic devices and validated.
integrity example, transcription or keying errors, between its initial collection
and its use for Mineral Resource estimation purposes.
Data validation procedures used.
The data is subsequently entered into the company database following
validation that included field inspection, pick-up of drill holes and receipt
of assays.
The Company maintains a database that has been validated in repsect
ot all dril hole information
Site visits Comment on any site visits undertaken by the Competent Person and
Geological logging, interpretation and site visits were completed by
the outcome of those visits. Company employees. The initial interpretation was provided to a
If no site visits have been undertaken indicate why this is the case. consultant resource geologist to complete this first resource estimate.
No site visit has been undertaken by the Consultant Resource geologist.
It is anticipated that a site visit wil be completed following additional
drilling and prior to any updates of the mineralresource estimate.
Geological
interpretati
on
Confidence in (or conversely, the uncertainty of ) the geological
interpretation of the mineral deposit.
Nature of the data used and of any assumptions made.
The effect, if any, of alternative interpretations on Mineral Resource
From the drillholes, sectional interpretations were created of the
mineralisation, using a nominal 0.5g/t Au cutoff, but with some lower
grade assays included to maintain geological continuity. In general, the
mineralisation is hosted in steeply east dipping narrow lodes, but with
estimation. some thicker and higher grade shoots that plunge shallowly to the south.
The use of geology in guiding and controlling Mineral Resource
estimation.
These orientations are consonant with the known structural controls in
the area. From the sectional interpretations, 29 separate wireframes
The factors affecting continuity both of grade and geology. were created interpretations were extrapolated half the drillhole spacing,
which varies from 50m to 100m in different areas.
Dimensions The extent and variability of the Mineral Resource expressed as The strike length is 2.5km and the maximum vertical extent is 170m
length (along strike or otherwise), plan width, and depth below below the natural surface. The plan width is typically 3m to 5m, up to a
surface to the upper and lower limits of the Mineral Resource. maximum of 15m
Estimation The nature and appropriateness of the estimation technique(s) The drillholes in the database were intersected with the interpreted
and applied and key assumptions, including treatment of extreme grade wireframes, and a set of 1m downhole Au composites extracted; a 20g/t

11

Criteria JORC Code explanation Commentary
modelling
techniques
values, domaining, interpolation parameters and maximum distance
of extrapolation from data points. If a computer assisted estimation
method was chosen include a description of computer software and
parameters used.
The availability of check estimates, previous estimates and/or mine
production records and whether the Mineral Resource estimate takes
appropriate account of such data.
The assumptions made regarding recovery of by-products.
topcut was applied, which reduced the CV of the dataset by 32% but the
mean grade by only 7%.
An omnidirectional experimental variogram of the 1m composite dataset
was modelled; the variogram model had a nugget of 20%, a first
structure with a gamma value of 0.22 and a range of 2m and a second
structure with a gamma value of 0.58 and a range of 12m. Reasonably
structured directional variograms could not be produced.
Estimation of deleterious elements or other non-grade variables of Au grades were interpolated by ordinary kriging in two passes using
economic significance (eg sulphur for acid mine drainage SURPAC software. For both passes, a search ellipsoid was used striking
characterisation). 340 grid, dipping 70 to the east and with anisotropy ratios of 5:5:1. A
In the case of block model interpolation, the block size in relation to
the average sample spacing and the search employed.
Any assumptions behind modelling of selective mining units.
Any assumptions about correlation between variables.
minimum of 8 and a maximum of 24 composites was used for each
search; the first search had a maximum search distance of 200m and the
second 250m. All blocks in the wireframes were estimated by either the
first or the second pass.
Description of how the geological interpretation was used to control The model was validated by comparing the mean estimated grade to the
the resource estimates. mean cut composite grades, and by checks that all blocks in the
Discussion of basis for using or not using grade cutting or capping. wireframes were estimated and no blocks outside the wireframes were
The process of validation, the checking process used, the comparison
estimated.
of model data to drill hole data, and use of reconciliation data if
available.
Moisture Whether the tonnages are estimated on a dry basis or with natural Dry basis
moisture, and the method of determination of the moisture content.
Cut-off The basis of the adopted cut-off grade(s) or quality parameters The total resource in the model at a 0g/t cutoff is 2,[email protected]/t for
parameters applied. 115koz. A central ‘core area’ is defined by a minimum northing of 1 613
200mN and a minimum RL of 175mRL (i.e. ~ 100m below the natural
surface) in the ‘core area the total resource at a 0g/t cutoff is 1,836kt @
1.3g/t for 79koz
Mining
factors or
Assumptions made regarding possible mining methods, minimum
mining dimensions and internal (or, if applicable, external) mining
A minimum 1m downhole width was used; as the mineralisation is all
relatively near-surface it was assumed to be amenable to open pit
assumption
s
dilution. It is always necessary as part of the process of determining
reasonable prospects for eventual economic extraction to consider
potential mining methods, but the assumptions made regarding
mining.
mining methods and parameters when estimating Mineral Resources
may not always be rigorous. Where this is the case, this should be
reported with an explanation of the basis of the mining assumptions

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Criteria JORC Code explanation Commentary
made.
Metallurgic
al factors or

The basis for assumptions or predictions regarding metallurgical
amenability. It is always necessary as part of the process of
No formal metallurgical information is available, however artisanal mining
has recovered gold from the oxide exposed at the surface.
assumption
s
determining reasonable prospects for eventual economic extraction to
consider potential metallurgical methods, but the assumptions
regarding metallurgical treatment processes and parameters made
when reporting Mineral Resources may not always be rigorous.
Where this is the case, this should be reported with an explanation of
the basis of the metallurgical assumptions made.
Environme Assumptions made regarding possible waste and process residue none
n-tal factors
disposal options. It is always necessary as part of the process of
or
assumption
determining reasonable prospects for eventual economic extraction to
consider the potential environmental impacts of the mining and
processing operation. While at this stage the determination of
s potential environmental impacts, particularly for a greenfields project,
may not always be well advanced, the status of early consideration of
these potential environmental impacts should be reported. Where
these aspects have not been considered this should be reported with
an explanation of the environmental assumptions made.
Bulk Whether assumed or determined. If assumed, the basis for the The natural surface supplied was lowered by 10m in the z direction to
density assumptions. If determined, the method used, whether wet or dry, the
frequency of the measurements, the nature, size and

create an assumed top of fresh surface. Densities were applied of 2.5 for
oxide (between natural surface and top of fresh) and 3.0 for fresh.
representativeness of the samples.
The bulk density for bulk material must have been measured by
methods that adequately account for void spaces (vugs, porosity,
This assumption is based on typical densities for fresh and moderately
oxidised mafic rocks.
etc), moisture and differences between rock and alteration zones
within the deposit.
Discuss assumptions for bulk density estimates used in the
evaluation process of the different materials.
Classificati The basis for the classification of the Mineral Resources into varying The resource is classified as Inferred.
on confidence categories.
Whether appropriate account has been taken of all relevant factors (ie
relative confidence in tonnage/grade estimations, reliability of input
data, confidence in continuity of geology and metal values, quality,
quantity and distribution of the data).
Whether the result appropriately reflects the Competent Person’s
view of the deposit.

13

Criteria JORC Code explanation Commentary
Audits or The results of any audits or reviews of Mineral Resource estimates. none
reviews
Discussion Where appropriate a statement of the relative accuracy and The estimate is a global estimate at a low level of accuracy. Any
of relative confidence level in the Mineral Resource estimate using an approach selective cutoff applied to the estimate carries a very high level of risk
accuracy/
confidence
or procedure deemed appropriate by the Competent Person. For
example, the application of statistical or geostatistical procedures to
quantify the relative accuracy of the resource within stated confidence

of material differences with any results obtained from further
exploration.
limits, or, if such an approach is not deemed appropriate, a qualitative
discussion of the factors that could affect the relative accuracy and
confidence of the estimate.
The statement should specify whether it relates to global or local
estimates, and, if local, state the relevant tonnages, which should be
relevant to technical and economic evaluation. Documentation should
include assumptions made and the procedures used.
These statements of relative accuracy and confidence of the estimate
should be compared withproduction data, where available.

14

Collar Table

Hole Number Type Depth Easting Northing RL Survey Method
KDD0013 DDH 94 198321.82 1620093.61 266.342 DGPS
KKD0008 DDH 150 211699.81 1597198.44 282.485 DGPS
KKD0007 DDH 150 211499.35 1597198.83 282.436 DGPS
KKD0006 DDH 150 211200.2 1597000.1 287.579 DGPS
KKD0005 DDH 150 211397.68 1597001.46 282.996 DGPS
KKD0004 DDH 150 211599.6 1596999.08 285.528 DGPS
KKD0003 DDH 150 211799.79 1596798.8 286.627 DGPS
KKD0002 DDH 150 211599.91 1596798.77 285.925 DGPS
KKD0001 DDH 150.4 211399.22 1596798.72 288.751 DGPS
KDD0014 DDH 85 198359.86 1620400.21 267.473 DGPS
KSD0012 DDH 82 199095.87 1614302.3 276.983 DGPS
KSD0009 DDH 100 199308.35 1613964.93 266.289 DGPS
KSD0011 DDH 100 199158.87 1614250.61 274.996 DGPS
KSD0010 DDH 74 199134.82 1614240.31 266.093 DGPS
KRC0024 RC 75 198895.92 1621910.03 257.022 DGPS
KRC0019 RC 65 198284.73 1620430.25 265.71 DGPS
KRC0020 RC 62 198247.79 1620445.21 260.274 DGPS
KRC0021 RC 77 198308.4 1621172.5 258.292 DGPS
KRC0022 RC 83 198263.91 1621191.34 258.842 DGPS
KRC0023 RC 83 198215.93 1621211.87 259.774 DGPS
KSC0001 RC 75 199714.61 1613600.07 270.773 DGPS
KRC0108 RC 84 198203.84 1619490 268.424 GPS
KRC0025 RC 80 198850.96 1621928.38 253.75 DGPS
KRC0026 RC 80 198803.95 1621947.67 257.015 DGPS
KRC0109 RC 64 198158.96 1619508.97 277.179 GPS
KRC0112 RC 87 198061 1618579 276.722 GPS
KRC0111 RC 87 198108.47 1618559.75 275.213 GPS
KRC0018 RC 90 198338.72 1620407.65 262.785 DGPS
KRC0110 RC 95 198125 1619522.46 274.062 GPS
KRC0012 RC 56 198414.85 1620054.4 267.253 DGPS
KRC0113 RC 75 198019 1618600 289.293 GPS
KC0008 RC 77 197798.9 1617749.02 292.976 DGPS
KBC0037 RC 66 200047.35 1612999.53 266.072 DGPS
KBC0038 RC 75 200094.5 1613023.9 265.578 DGPS
KBC0039 RC 75 200528.77 1612998.92 265.395 DGPS
KC0001 RC 74 197840.12 1618049.65 287.317 DGPS
KC0002 RC 92 197792.81 1618049.63 288.309 DGPS
KC0003 RC 75 197735.76 1618048.14 282.079 DGPS
KC0004 RC 75 197690.52 1618049.45 296.386 DGPS
KC0005 RC 65 197643.56 1618049.88 287.988 DGPS
KRC0014 RC 80 198347.95 1620081.59 266.872 DGPS
KC0007 RC 70 197831.83 1617749.72 289.083 DGPS

15

Hole Number Type Depth Easting Northing RL Survey Method
KRC0017 RC 79 198385.85 1620388.48 261.712 DGPS
KC0009 RC 75 198537.65 1620003.85 265.734 DGPS
KC0010 RC 75 198492.91 1620022.4 274.598 DGPS
KC0011 RC 59 198449.16 1620039.72 266.908 DGPS
KSC0004 RC 80 199584.47 1613539.09 267.045 DGPS
KRC0013 RC 62 198383.42 1620066.93 266.601 DGPS
KSC0055 RC 78 199294.37 1614010.88 270.173 DGPS
KRC0015 RC 74 198299.84 1620100.88 269.32 DGPS
KRC0016 RC 68 198256.23 1620119.01 266.114 DGPS
KC0006 RC 75 197869.12 1617750.5 283.087 DGPS
KSC0043 RC 65 199006.89 1614483.19 273.557 DGPS
KSC0031 RC 66 198481.01 1615235.36 278.976 DGPS
KSC0032 RC 75 199153.95 1614195.01 274.572 DGPS
KSC0033 RC 75 199132.96 1614240.21 266.078 DGPS
KSC0034 RC 90 199105.76 1614172.86 267.962 DGPS
KSC0035 RC 90 199071 1614215 265.864 GPS
KSC0036 RC 90 199158.78 1614225.98 276.032 DGPS
KSC0037 RC 67 199087.05 1614246.72 271.892 DGPS
KSC0038 RC 75 199122.73 1614262.04 270.297 DGPS
KSC0039 RC 75 199094.35 1614302.82 277.146 DGPS
KSC0040 RC 72 199069.64 1614344.92 272.406 DGPS
KSC0002 RC 75 199670.88 1613579.65 268.829 DGPS
KSC0042 RC 70 199017.75 1614431.14 276.302 DGPS
KSC0028 RC 75 198610.12 1615295.44 276.115 DGPS
KSC0044 RC 63 198985.09 1614526.41 275.074 DGPS
KSC0045 RC 66 198964.5 1614573.6 270.954 DGPS
KSC0046 RC 65 198942.67 1614616.91 270.77 DGPS
KSC0047 RC 78 198926.69 1614664.43 268.21 DGPS
KSC0048 RC 60 198885.36 1614645.52 272.738 DGPS
KSC0049 RC 48 199080.34 1614295.92 275.272 DGPS
KSC0050 RC 90 199112.19 1614310.21 270.985 DGPS
KSC0051 RC 57 199164.63 1614170.35 275.991 DGPS
KSC0052 RC 75 199209.52 1614136.52 270.847 DGPS
KSC0053 RC 78 199242.27 1614096.37 274.606 DGPS
KSC0054 RC 75 199268.53 1614053.04 274.366 DGPS
KSC0041 RC 72 199048.64 1614389.53 266.877 DGPS
KSC0017 RC 50 199107.66 1614863.77 271.064 DGPS
KBC0034 RC 75 200244.01 1612999.32 265.708 DGPS
KSC0005 RC 75 199537.53 1613516.79 275.293 DGPS
KSC0006 RC 75 200083.94 1613992.39 273.518 DGPS
KSC0007 RC 75 200041.58 1613972.75 271.004 DGPS
KSC0008 RC 75 199999.65 1613952.06 273.472 DGPS
KSC0009 RC 75 199955.85 1613931.46 268.411 DGPS

16

Hole Number Type Depth Easting Northing RL Survey Method
KSC0010 RC 52 199913.57 1613911.69 260.862 DGPS
KSC0011 RC 75 199264.58 1614272.88 267.347 DGPS
KSC0012 RC 70 199220.34 1614253.27 276.841 DGPS
KSC0013 RC 65 199179.3 1614234.61 270.661 DGPS
KSC0014 RC 75 199143.2 1614217.85 272.869 DGPS
KSC0030 RC 75 198525.19 1615256.24 274.121 DGPS
KSC0016 RC 50 199124.63 1614872 272.737 DGPS
KSC0029 RC 77 198569.22 1615276.26 277.906 DGPS
KSC0018 RC 75 199089.94 1614856.42 278.387 DGPS
KSC0019 RC 75 199047.65 1614836.2 272.116 DGPS
KSC0020 RC 59 199005.05 1614816.67 271.516 DGPS
KSC0021 RC 77 198972.52 1614801.53 276.391 DGPS
KSC0022 RC 71 198927.98 1614780.97 277.986 DGPS
KSC0023 RC 67 198888.99 1614763.14 270.989 DGPS
KSC0024 RC 76 198760.01 1615364.47 278.211 DGPS
KSC0025 RC 75 198720.23 1615345.85 277.887 DGPS
KSC0026 RC 74 198680.71 1615327.9 279.24 DGPS
KSC0027 RC 63 198641.71 1615309.74 279.178 DGPS
KSC0003 RC 75 199627.3 1613559.27 268.716 DGPS
KSC0015 RC 68 199097.75 1614201.24 275.834 DGPS
FKC0041 RC 75 199110.55 1603472.46 270.461 DGPS
FKC0029 RC 71 199094.62 1604247.54 261.344 DGPS
FKC0030 RC 53 198431.68 1604249.27 261.259 DGPS
FKC0031 RC 51 198399.2 1604249.78 261.023 DGPS
FKC0032 RC 50 198369.52 1604250 262.219 DGPS
FKC0033 RC 30 198340.41 1604250.11 262.054 DGPS
FKC0034 RC 75 197742.47 1604248.33 260.744 DGPS
FKC0035 RC 83 197694.12 1604249.38 261.127 DGPS
FKC0036 RC 87 197641.42 1604250.61 261.178 DGPS
FKC0037 RC 75 199440.24 1603748.11 264.56 DGPS
FKC0038 RC 60 199393.12 1603747.76 267.39 DGPS
FKC0053 RC 75 197614.91 1604249.72 260.033 DGPS
FKC0040 RC 75 199077.38 1603499.05 262.438 DGPS
FKC0026 RC 50 199219.01 1604248.09 260.992 DGPS
FKC0042 RC 75 199107.57 1603524.28 263.239 DGPS
FKC0043 RC 75 199573.26 1603723.38 263.195 DGPS
FKC0044 RC 75 199596.52 1603748.16 263.887 DGPS
FKC0045 RC 75 199546.51 1603748.82 263.731 DGPS
FKC0046 RC 75 199571.3 1603773.27 263.485 DGPS
FKC0047 RC 75 199255.53 1604222.57 261.716 DGPS
FKC0048 RC 75 199281.13 1604247.71 261.644 DGPS
FKC0049 RC 75 199228.51 1604247.33 261.472 DGPS
FKC0050 RC 75 199253.17 1604272.75 261.029 DGPS

17

Hole Number Type Depth Easting Northing RL Survey Method
FKC0051 RC 75 197636.33 1604225.07 261.605 DGPS
KBC0036 RC 75 200094.59 1612999.2 265.187 DGPS
FKC0039 RC 75 199134.39 1603499.24 262.972 DGPS
FKC0015 RC 30 198186.87 1603750.12 263.325 DGPS
FKC0002 RC 75 199061.54 1603499.2 262.915 DGPS
FKC0003 RC 75 199012.75 1603499.16 262.67 DGPS
FKC0004 RC 75 198964.1 1603498.86 263.228 DGPS
FKC0005 RC 75 198916.4 1603498.76 263.547 DGPS
FKC0006 RC 75 198869.22 1603498.78 264.165 DGPS
FKC0007 RC 75 198822.43 1603498.76 265.582 DGPS
FKC0008 RC 75 198774.84 1603498.19 273.304 DGPS
FKC0009 RC 70 198726.41 1603497.77 270.36 DGPS
FKC0010 RC 70 198678.01 1603497.07 268.914 DGPS
FKC0011 RC 75 198380.81 1603750.45 263.626 DGPS
FKC0012 RC 75 198332 1603750.83 263.627 DGPS
FKC0028 RC 75 199143.38 1604247.31 262.075 DGPS
FKC0014 RC 75 198235.08 1603751.12 263.605 DGPS
FKC0027 RC 70 199188.37 1604247.5 261.134 DGPS
FKC0016 RC 75 199571.07 1603748.41 263.281 DGPS
FKC0017 RC 82 199524.5 1603748.11 264.181 DGPS
FKC0018 RC 34 199473.86 1603748.1 264.518 DGPS
FKC0019 RC 30 199455.55 1603748.03 264.157 DGPS
FKC0020 RC 73 198380.85 1603998.43 263.751 DGPS
FKC0021 RC 75 198334.34 1603998.57 263.854 DGPS
FKC0022 RC 37 198285.7 1603998.45 264.128 DGPS
FKC0023 RC 59 199332.63 1604248.13 260.445 DGPS
FKC0024 RC 65 199296.34 1604248.16 260.412 DGPS
FKC0025 RC 56 199253.72 1604247.87 261.316 DGPS
FKC0054 RC 75 197640.91 1604275.05 260.833 DGPS
FKC0013 RC 75 198282.81 1603750.34 263.569 DGPS
KBC0023 RC 39 199974.02 1612998.13 265.397 DGPS
KBC0011 RC 75 200549.76 1612999.44 264.929 DGPS
KBC0012 RC 80 200502.4 1612998.33 265.114 DGPS
KBC0013 RC 75 200452.37 1612998.8 266.311 DGPS
KBC0014 RC 75 200404.08 1612998.48 265.092 DGPS
KBC0015 RC 75 200355.49 1612998.41 265.817 DGPS
KBC0016 RC 75 200308.66 1612998.57 265.307 DGPS
KBC0017 RC 83 200262.4 1612998.68 265.132 DGPS
KBC0018 RC 77 200215.01 1612998.43 266.685 DGPS
KBC0019 RC 80 200167.03 1612998.42 266.549 DGPS
KBC0020 RC 76 200117.07 1612998.22 266.5 DGPS
FKC0052 RC 75 197668.63 1604249.27 261.279 DGPS
KBC0022 RC 70 200019.58 1612996.44 271.291 GPS

18

Hole Number Type Depth Easting Northing RL Survey Method
KBC0008 RC 75 199734.98 1610197.78 277.079 DGPS
KBC0024 RC 38 199952.44 1612998.24 265.859 DGPS
KBC0025 RC 53 199614.94 1610197.5 278.321 DGPS
KBC0026 RC 53 199591.09 1610197.22 278.539 DGPS
KBC0027 RC 48 199567.89 1610197.26 278.568 DGPS
KBC0028 RC 50 199548.42 1610197.13 277.731 DGPS
KBC0029 RC 50 199526.38 1610197.1 277.575 DGPS
KBC0030 RC 50 199505.64 1610196.82 278.354 DGPS
KBC0031 RC 75 200139.29 1612981.03 268.153 DGPS
KBC0032 RC 75 200143.6 1612999.52 265.5 DGPS
KBC0033 RC 75 200142.35 1613023.94 265.135 DGPS
KSC0059 RC 78 199386.29 1613832.38 272.522 DGPS
KBC0021 RC 86 200070.98 1612998.46 266.7 DGPS
FKC0098 RC 75 199551.76 1603724.52 264.291 DGPS
FKC0055 RC 75 199076.14 1603522.68 269.699 DGPS
FKC0056 RC 78 199091.27 1603547.73 269.894 DGPS
FKC0057 RC 75 199565.75 1603697.25 266.872 DGPS
FKC0058 RC 90 199634.29 1603747.5 267.376 DGPS
FKC0059 RC 78 199679.36 1603747.92 264.453 DGPS
FKC0060 RC 75 199724.82 1603748.36 263.541 DGPS
FKC0061 RC 75 199586.32 1603797.3 266.253 DGPS
FKC0062 RC 78 199204.93 1604222.56 261.416 DGPS
FKC0093 RC 90 199111.71 1603547.13 266.897 DGPS
FKC0094 RC 75 199072.3 1603546.61 268.524 DGPS
FKC0095 RC 75 199051.95 1603546.41 269.332 DGPS
KBC0010 RC 59 199651.42 1610197.54 278.023 DGPS
FKC0097 RC 75 199060.18 1603572.59 268.923 DGPS
KBC0009 RC 80 199694.12 1610197.71 277.933 DGPS
FKC0099 RC 80 199615.51 1603749.56 263.712 DGPS
FKC0100 RC 75 199589.81 1603775.22 262.237 DGPS
FKC0101 RC 81 199271.54 1604200.01 268.29 DGPS
KBC0001 RC 75 199979.08 1610198.23 277.824 DGPS
KBC0002 RC 60 199981.28 1610198.26 277.915 DGPS
KBC0003 RC 75 199938.48 1610198.44 278.975 DGPS
KBC0004 RC 85 199913.41 1610198.08 276.827 DGPS
KBC0005 RC 76 199862.21 1610198.36 277.76 DGPS
KBC0006 RC 77 199819.76 1610198.65 279.167 DGPS
KBC0007 RC 75 199777.05 1610197.82 277.888 DGPS
KBC0035 RC 75 200095.95 1612974.94 264.879 DGPS
FKC0096 RC 75 199079.82 1603572.62 268.606 DGPS
TKRC053 RC 80 197904 1617498 287.941
TKRC065 RC 150 199998.5817 1613001.4567 266.364 GPS
TKRC042 RC 80 199512 1613948 269.261

19

Hole Number Type Depth Easting Northing RL Survey Method
TKRC043 RC 80 199537 1613962 269.262
TKRC044 RC 127 197912 1618495 270.737
TKRC045 RC 80 197964 1618500 285.936
TKRC046 RC 80 198039 1618498 276.933
TKRC047 RC 100 198122 1618494 269.935
TKRC048 RC 80 197922 1618998 275.74
TKRC049 RC 80 198002 1618995 270.226
TKRC050 RC 80 198074 1619003 278.71
TKRC040 RC 80 199473 1614041 272.374
TKRC052 RC 82 197816 1617497 283.935
TKRC039 RC 140 198403 1620377 266.302
TKRC054 RC 80 197977 1617499 292.69
TKRC055 RC 80 198060 1617496 282.544
TKRC056 RC 90 200099.2111 1612803.3691 266.938 GPS
TKRC057 RC 90 200139.947 1612802.8709 266.392 GPS
TKRC058 RC 90 200181.8434 1612799.2827 263.418 GPS
TKRC059 RC 90 200217.8243 1612801.9186 264.866 GPS
TKRC060 RC 90 200259.7583 1612801.406 263.83 GPS
TKRC061 RC 93 200298.6969 1612800.93 263.064 GPS
TKRC062 RC 120 200188.9997 1612894.5475 283.388 GPS
TKRC063 RC 150 200296.9422 1612902.4554 265.25 GPS
TKRC014 RC 90 200267 1612900 262.336
TKRC051 RC 100 198160 1619002 278.603
TKRC027 RC 80 198520 1621004 264.387
KSC0057 RC 70 199326.9 1613916.21 273.588 DGPS
TKRC016 RC 90 200183 1612901 264.1
TKRC017 RC 90 200147 1612894 287.539
TKRC018 RC 90 200102 1612896 277.131
TKRC019 RC 90 200064 1612899 265.019
TKRC020 RC 90 200200 1613100 265.589
TKRC021 RC 105 200156 1613097 267.071
TKRC022 RC 90 200121 1613096 271.007
TKRC023 RC 90 200081 1613095 283.167
TKRC024 RC 90 200042 1613097 266.044
TKRC041 RC 84 199497 1614058 269.186
TKRC026 RC 90 199960 1613095 283.671
TKRC066 RC 90 199863.7572 1613000.031 265.303 GPS
TKRC028 RC 80 198561 1620999 261.607
TKRC029 RC 120 198597 1621000 266.568
TKRC030 RC 100 198442 1620894 254.878
TKRC031 RC 100 198520 1620901 266.86
TKRC032 RC 100 198602 1620901 267.591

20

Hole Number Type Depth Easting Northing RL Survey Method
TKRC033 RC 100 198401 1620701 266.06
TKRC034 RC 100 198482 1620702 266.633
TKRC035 RC 100 198564 1620701 266.984
TKRC036 RC 100 198540 1621104 262.383
TKRC037 RC 102 198622 1621096 260.132
TKRC038 RC 100 198700 1621099 263.036
TKRC025 RC 90 200002 1613097 265.701
TKRC105 RC 120 198321 1620419 259.558 GPS
TKRC064 RC 60 200075.217 1612899.0149 265.162 GPS
TKRC094 RC 96 200522 1613000 265.005 GPS
TKRC095 RC 150 199175 1614346 274.567 GPS
TKRC096 RC 180 199125 1614402 276.423 GPS
TKRC097 RC 140 198996 1614283 273.169 GPS
TKRC098 RC 100 198942 1614502 274.928 GPS
TKRC099 RC 120 198893 1614655 277.603 GPS
TKRC100 RC 80 198939 1614674 273.323 GPS
TKRC101 RC 90 198855 1614747 271.706 GPS
TKRC102 RC 90 198816 1614727 276.382 GPS
TKRC092 RC 90 200420 1613003 264.353 GPS
TKRC104 RC 100 198946 1614798 269.529 GPS
TKRC091 RC 90 200370 1613001 266.323 GPS
TKRC106 RC 80 198498 1620899 264.181 GPS
TKRC107 RC 150 198554 1620898 261.576 GPS
TKRC108 RC 186 198618 1621001 266.319 GPS
TKRC109 RC 150 198658 1621099 262.769 GPS
TKRC110 RC 102 198582 1621103 262.694 GPS
TKRC111 RC 100 198542 1621201 262.571 GPS
TKRC112 RC 100 198579 1621202 262.554 GPS
TKRC113 RC 100 198619 1621200 263.011 GPS
TKRC114 RC 100 198666 1621201 262.963 GPS
TKRC115 RC 150 199199 1614245 274.398 GPS
TKRC116 RC 170 199342 1613978 275.149 GPS
TKRC103 RC 90 198786 1614711 274.439 GPS
TKRC079 RC 90 199549.8772 1613299.1615 268.605 GPS
TKRC067 RC 90 199818.8282 1613000.5811 265.399 GPS
TKRC068 RC 90 199902.658 1612996.4789 272.153 GPS
TKRC069 RC 90 199779.8897 1613001.0578 265.731 GPS
TKRC070 RC 90 199737.956 1613001.5714 266.328 GPS
TKRC071 RC 130 199535.94 1613628.4533 269.511 GPS
TKRC072 RC 160 199398.7268 1613676.2745 273.752 GPS
TKRC073 RC 100 199347.1528 1613867.6131 275.467 GPS
TKRC074 RC 120 199345.5916 1613984.5166 269.983 GPS
TKRC075 RC 100 199396.7734 1614005.4199 274.435 GPS

21

Hole Number Type Depth Easting Northing RL Survey Method
TKRC076 RC 120 199202.3149 1614026.2619 275.792 GPS
TKRC093 RC 90 200471 1613002 264.629 GPS
TKRC078 RC 160 199440.6066 1613915.681 272.508 GPS
TKRC013 RC 100 199586 1613761 268.32
TKRC080 RC 90 199589.0791 1613320.2123 282.289 GPS
TKRC081 RC 90 199619.2576 1613338.2978 268.633 GPS
TKRC082 RC 90 199652.3935 1613353.2713 268.001 GPS
TKRC083 RC 90 199691.5576 1613371.2467 272.145 GPS
TKRC084 RC 90 199730.6838 1613386.1469 264.737 GPS
TKRC085 RC 90 199766.8902 1613407.2346 269.584 GPS
TKRC086 RC 90 199800.0259 1613422.2081 267.404 GPS
TKRC087 RC 96 199839.1897 1613440.1838 275.489 GPS
TKRC088 RC 120 199057.4789 1614184.912 271.162 GPS
TKRC089 RC 140 199043.2967 1614249.6803 272.36 GPS
TKRC090 RC 80 199082.4223 1614264.5792 267.177 GPS
TKRC077 RC 140 199316.093 1614021.7894 270.692 GPS
KSC0090 RC 80 199482.13 1613601.17 271.969 DGPS
KSC0117 RC 75 197723 1616867 281.176 GPS
OUC0018 RC 60 224667.18 1637013.49 245 GPS
OUC0019 RC 55 224629.12 1637019.86 247 GPS
OUC0020 RC 68 224532.82 1637949.25 249 GPS
OUC0021 RC 60 224489.57 1637956.27 245 GPS
OUC0022 RC 60 224453.81 1637962.03 245 GPS
KSC0084 RC 60 199290.25 1614062.48 270.507 DGPS
KSC0085 RC 75 199280.75 1614002.82 274.946 DGPS
KSC0086 RC 75 199258.9 1613993.66 272.521 DGPS
KSC0087 RC 75 199286.51 1613951.93 275.42 DGPS
KSC0082 RC 40 198858.16 1614802.17 276.197 DGPS
KSC0089 RC 60 199477.79 1613708.93 270.116 DGPS
KSC0081 RC 30 198873.34 1614756.84 277.73 DGPS
KSC0091 RC 75 199464.74 1613593.47 276.017 DGPS
KSC0092 RC 75 199502.81 1613555.49 269.169 DGPS
KSC0102 RC 75 199328.19 1613861.63 268.414 DGPS
KSC0103 RC 75 199395.28 1613892.18 274.846 DGPS
KSC0104 RC 75 199039.76 1614418.87 268.733 DGPS
KSC0105 RC 65 199009.97 1614460.18 271.617 DGPS
KSC0106 RC 75 198965.88 1614550.3 274.354 DGPS
KSC0107 RC 55 198912.47 1614607.77 276.134 DGPS
KSC0114 RC 93 197847 1616921 276.307 GPS
KSC0115 RC 96 197810 1616906 285.339 GPS
TKRC015 RC 90 200225 1612897 264.694
KSC0088 RC 75 199307.55 1613907.43 273.541 DGPS
KSC0069 RC 60 199104.48 1614283.18 273.084 DGPS

22

Hole Number Type Depth Easting Northing RL Survey Method
FKC0001 RC 75 199107.42 1603499.56 265.01 DGPS
KSC0058 RC 84 199369.97 1613879.75 274.59 DGPS
TKRC117 RC 160 200162 1612900 263.422 GPS
KSC0060 RC 78 199407.92 1613785.88 267.518 DGPS
KSC0061 RC 75 199429.1 1613741 275.138 DGPS
KSC0062 RC 72 199453.46 1613698.31 270.182 DGPS
KSC0063 RC 75 199464.69 1613649.34 270.34 DGPS
KSC0064 RC 87 199496.11 1613607.25 270.742 DGPS
KSC0065 RC 30 199184.64 1614125.73 275.112 DGPS
KSC0066 RC 70 199186.95 1614180.42 275.419 DGPS
KSC0083 RC 75 199244.52 1614040.59 266.591 DGPS
KSC0068 RC 35 199089.04 1614275.83 274.523 DGPS
KSC0118 RC 75 197835 1616809 285.059 GPS
KSC0070 RC 50 199072.62 1614322.5 267.583 DGPS
KSC0071 RC 80 199092.63 1614331.48 274.783 DGPS
KSC0072 RC 30 199039.09 1614363.85 270.065 DGPS
KSC0073 RC 30 199025.52 1614384.73 271.953 DGPS
KSC0074 RC 35 199034.54 1614441.83 264.773 DGPS
KSC0075 RC 75 198995.1 1614481.12 277.281 DGPS
KSC0076 RC 70 198972.73 1614521.75 270.219 DGPS
KSC0077 RC 60 198938.02 1614565.23 269.724 DGPS
KSC0078 RC 40 198886.85 1614623.12 269.195 DGPS
KSC0079 RC 50 198866.54 1614640.21 269.755 DGPS
KSC0080 RC 50 198865.71 1614667.75 266.506 DGPS
KSC0067 RC 30 199119.01 1614232.02 273.847 DGPS
TKRC001 RC 70 199054 1614369 270.011
KSC0116 RC 75 197756 1616882 284.955 GPS
TFRC007 RC 80 199101 1603247 271.431
TFRC008 RC 80 199022 1603248 270.081
TFRC009 RC 80 198940 1603251 260.06
TFRC010 RC 80 199683 1603551 259.27
TFRC011 RC 84 199600 1603549 265.283
TFRC012 RC 90 199520 1603552 259.571
TFRC013 RC 80 199440 1603549 263.638
TFRC014 RC 80 199659 1603951 261.958
TFRC015 RC 81 199580 1603951 261.602
TFRC005 RC 80 198827 1603750 266.418
TFRC017 RC 80 199422 1603949 263.929
TFRC004 RC 80 198901 1603749 263.238
TKRC002 RC 94 199088 1614391 270.602
TKRC003 RC 86 199240 1614152 276.631
TKRC004 RC 100 199277 1614171 275.92

23

Hole Number Type Depth Easting Northing RL Survey Method
TKRC005 RC 50 199269 1613949 271.277
TKRC006 RC 70 199437 1613691 274.963
TKRC007 RC 60 199445 1613584 270.303
TKRC008 RC 87 199529 1613624 269.582
TKRC009 RC 102 199568 1613642 274.196
TKRC010 RC 105 199621 1613666 274.967
TKRC011 RC 100 199654 1613687 263.005
TKRC012 RC 90 199552 1613739 267.562
TFRC016 RC 80 199502 1603947 264.215
OUC0009 RC 86 224857.75 1636140.64 246 GPS
KSC0119 RC 75 197797 1616793 277.792 GPS
KSC0120 RC 81 198279 1615800 280.703 GPS
KSC0121 RC 75 198233 1615779 278.682 GPS
KSC0122 RC 75 198188 1615759 278.104 GPS
OUC0001 RC 62 224631.42 1636411.07 247 GPS
OUC0002 RC 65 224593.89 1636413.88 256 GPS
OUC0003 RC 60 224554.64 1636417.89 244 GPS
OUC0004 RC 55 224519.52 1636428.98 248 GPS
OUC0005 RC 59 224487.21 1636433.5 256 GPS
OUC0006 RC 47 224449.72 1636439.87 280 GPS
TFRC006 RC 80 199191 1603247 271.628
OUC0008 RC 32 224394.36 1636450.01 248 GPS
KSC0056 RC 75 199305.31 1613961.67 268.745 DGPS
OUC0010 RC 92 224741.78 1636156.81 253 GPS
OUC0011 RC 82 224889.99 1636282.22 254 GPS
OUC0012 RC 47 224842.15 1636292.86 254 GPS
OUC0013 RC 77 224816.25 1636302.66 252 GPS
OUC0014 RC 30 224745.88 1636314.15 252 GPS
OUC0015 RC 75 224787.72 1636993.7 250 GPS
OUC0016 RC 59 224745.61 1636999.53 245 GPS
OUC0017 RC 68 224704.64 1637004.74 249 GPS
TFRC001 RC 80 199141 1603751 262.649
TFRC002 RC 80 199062 1603748 267.249
TFRC003 RC 80 198982 1603747 263.42
OUC0007 RC 47 224420.88 1636444.36 255 GPS

Downhole Intersections

Depth
From
Depth
To
Length
55 57 2
3
6
9.84
8.86
5.55 8.55
3 9
33.13 42.97
66.43 75.29

24

KBC0021 13.35 23.9 10.55
4.05
5.57
2
1
3.12
9.36
5.02
3
1
1
10
1
13
14
6
14
0.86
12
4
6
4
11
2.05
1
2
1.21
4
3
1
4.16
2
7
3
2
11
1
1
1.01
2
1.01
1
6
15
1
0.42
1.95
2
KBC0021 32.9 36.95
KBC0031 48.78 54.35
KBC0032 27 29
KBC0033 1 2
KBC0035 17.63 20.75
KBC0036 43.91 53.27
KBC0037 8.09 13.11
KBC0038 69 72
KSC0005 33 34
KSC0013 29 30
KSC0014 20 30
KSC0023 31 32
KSC0032 20 33
KSC0033 28 42
KSC0034 55 61
KSC0035 59 73
KSC0036 1.9 2.76
KSC0036 46 58
KSC0038 33 37
KSC0038 44 50
KSC0039 29 33
KSC0039 39 50
KSC0039 64.66 66.71
KSC0040 39 40
KSC0041 40 42
KSC0042 3 4.21
KSC0043 27 31
KSC0044 24 27
KSC0045 19 20
KSC0046 18.84 23
KSC0049 9 11
KSC0049 16 23
KSC0049 33 36
KSC0050 56 58
KSC0050 70 81
KSC0051 21 22
KSC0052 52 53
KSC0053 65.98 66.99
KSC0054 8.01 10.01
KSC0054 67 68.01
KSC0055 24 25
KSC0055 71 77
KSC0056 53 68
KSC0057 51.15 52.15
KSC0059 61.41 61.83
KSC0060 62.97 64.92
KSC0061 62 64

25

KSC0062 67.3 69.15 1.85
1
6
1.98
1
3
17
3
11
1.88
4
3
1
4
1
1
1
3
2
2
1
3
1
1
2
1.67
15.96
2
11
2
6
8
5
1
6
3
2
1
5
6
14
1
8
2
9
1.99
5
3
KSC0064 9 10
KSC0064 80 86
KSC0065 14 15.98
KSC0066 1 2
KSC0066 54 57
KSC0067 6 23
KSC0068 2 5
KSC0068 9 20
KSC0069 22.27 24.15
KSC0069 41 45
KSC0070 17 20
KSC0070 40 41
KSC0070 44 48
KSC0071 49 50
KSC0071 63 64
KSC0071 74 75
KSC0072 2 5
KSC0073 20 22
KSC0074 26 28
KSC0075 12 13
KSC0076 6 9
KSC0081 10 11
KSC0082 8 9
KSC0083 34 36
KSC0084 37.5 39.17
KSC0085 50.05 66.01
KSC0086 33 35
KSC0087 31 42
KSC0088 26 28
KSC0089 29 35
KSC0090 52 60
KSC0091 32 37
KSC0092 42 43
KSC0102 24 30
KSC0104 12 15
KSC0104 48 50
KSC0105 17 18
KSC0106 11 16
KSD0009 70 76
KSD0010 35 49
KSD0011 20 21
KSD0011 75 83
KSD0012 35.5 37.5
KSD0012 49 58
KSD0012 69.38 71.37
TKRC001 27 32
TKRC002 49 52

26

TKRC002 63 68 5
2
12
4
5
17
8
11
2
1
3
10
10.04
11.88
26.97
0.23
8
5.67
2
4.23
4.13
6
10
1
6
2
1
1
14
1
1
11.67
1
4
0.44
4.32
5
4
7
9.88
1
4
0.43
7.56
14.4
12.31
16.94
24.12
TKRC002 88 90
TKRC005 9 21
TKRC006 48 52
TKRC007 11 16
TKRC010 11 28
TKRC010 44 52
TKRC014 29 40
TKRC017 84 86
TKRC022 72 73
TKRC023 11 14
TKRC027 4.25 14.25
TKRC028 45.94 55.98
TKRC029 81.22 93.1
TKRC031 17.19 44.16
TKRC032 99.77 100
TKRC040 44 52
TKRC042 4.73 10.4
TKRC042 48 50
TKRC043 42.87 47.1
TKRC060 14.86 18.99
TKRC061 62 68
TKRC063 22 32
TKRC063 70 71
TKRC071 104 110
TKRC072 9 11
TKRC073 47 48
TKRC075 89 90
TKRC076 26 40
TKRC077 61 62
TKRC078 78 79
TKRC078 135.14 146.81
TKRC081 50 51
TKRC082 84 88
TKRC088 119.56 120
TKRC089 28.99 33.31
TKRC089 76 81
TKRC089 88 92
TKRC090 0 7
TKRC090 12.12 22
TKRC096 105 106
TKRC096 144 148
TKRC097 86.31 86.74
TKRC097 105.95 113.51
TKRC097 113.55 127.95
TKRC098 87.69 100
TKRC106 2.64 19.58
TKRC107 52.21 76.33

27

103.13 115.34 12.21
1
10.01
1
59 60
120 130.01
129 130
depth_from depth_to hole_id
55 57 KBC0018
5.55 8.55 KBC0019
3 9 KBC0020
33.13 42.97 KBC0020
66.43 75.29 KBC0020
13.35 23.9 KBC0021
32.9 36.95 KBC0021
48.78 54.35 KBC0031
27 29 KBC0032
1 2 KBC0033
17.63 20.75 KBC0035
43.91 53.27 KBC0036
8.09 13.11 KBC0037
69 72 KBC0038
33 34 KSC0005
29 30 KSC0013
20 30 KSC0014
31 32 KSC0023
20 33 KSC0032
28 42 KSC0033
55 61 KSC0034
59 73 KSC0035
1.9 2.76 KSC0036
46 58 KSC0036
33 37 KSC0038
44 50 KSC0038
29 33 KSC0039
39 50 KSC0039
64.66 66.71 KSC0039
39 40 KSC0040
40 42 KSC0041
3 4.21 KSC0042
27 31 KSC0043
24 27 KSC0044
19 20 KSC0045
18.84 23 KSC0046

28

depth_from depth_to hole_id
9 11 KSC0049
16 23 KSC0049
33 36 KSC0049
56 58 KSC0050
70 81 KSC0050
21 22 KSC0051
52 53 KSC0052
65.98 66.99 KSC0053
8.01 10.01 KSC0054
67 68.01 KSC0054
24 25 KSC0055
71 77 KSC0055
53 68 KSC0056
51.15 52.15 KSC0057
61.41 61.83 KSC0059
62.97 64.92 KSC0060
62 64 KSC0061
67.3 69.15 KSC0062
9 10 KSC0064
80 86 KSC0064
14 15.98 KSC0065
1 2 KSC0066
54 57 KSC0066
6 23 KSC0067
2 5 KSC0068
9 20 KSC0068
22.27 24.15 KSC0069
41 45 KSC0069
17 20 KSC0070
40 41 KSC0070
44 48 KSC0070
49 50 KSC0071
63 64 KSC0071
74 75 KSC0071
2 5 KSC0072
20 22 KSC0073
26 28 KSC0074
12 13 KSC0075
6 9 KSC0076
10 11 KSC0081
8 9 KSC0082
34 36 KSC0083
37.5 39.17 KSC0084

29

depth_from depth_to hole_id
50.05 66.01 KSC0085
33 35 KSC0086
31 42 KSC0087
26 28 KSC0088
29 35 KSC0089
52 60 KSC0090
32 37 KSC0091
42 43 KSC0092
24 30 KSC0102
12 15 KSC0104
48 50 KSC0104
17 18 KSC0105
11 16 KSC0106
70 76 KSD0009
35 49 KSD0010
20 21 KSD0011
75 83 KSD0011
35.5 37.5 KSD0012
49 58 KSD0012
69.38 71.37 KSD0012
27 32 TKRC001
49 52 TKRC002
63 68 TKRC002
88 90 TKRC002
9 21 TKRC005
48 52 TKRC006
11 16 TKRC007
11 28 TKRC010
44 52 TKRC010
29 40 TKRC014
84 86 TKRC017
72 73 TKRC022
11 14 TKRC023
4.25 14.25 TKRC027
45.94 55.98 TKRC028
81.22 93.1 TKRC029
17.19 44.16 TKRC031
99.77 100 TKRC032
44 52 TKRC040
4.73 10.4 TKRC042
48 50 TKRC042
42.87 47.1 TKRC043
14.86 18.99 TKRC060

30

depth_from depth_to hole_id
62 68 TKRC061
22 32 TKRC063
70 71 TKRC063
104 110 TKRC071
9 11 TKRC072
47 48 TKRC073
89 90 TKRC075
26 40 TKRC076
61 62 TKRC077
78 79 TKRC078
135.14 146.81 TKRC078
50 51 TKRC081
84 88 TKRC082
119.56 120 TKRC088
28.99 33.31 TKRC089
76 81 TKRC089
88 92 TKRC089
0 7 TKRC090
12.12 22 TKRC090
105 106 TKRC096
144 148 TKRC096
86.31 86.74 TKRC097
105.95 113.51 TKRC097
113.55 127.95 TKRC097
87.69 100 TKRC098
2.64 19.58 TKRC106
52.21 76.33 TKRC107
103.13 115.34 TKRC108
59 60 TKRC115
120 130.01 TKRC115
129 130 TKRC117

31