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TRUE NORTH COPPER LIMITED — Capital/Financing Update 2021
Sep 21, 2021
65934_rns_2021-09-21_7af13234-df91-490a-b281-3cbef8c7e955.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT | ASX: DEX
22 September 2021
FIRST DRILL HOLE AT PRAIRIE CREEK INTERSECTS GOLD ZONES FROM SURFACE TO 150M DEPTH
Duke Exploration Limited (ASX: DEX) (“Duke” or “the Company”) is pleased to announce the assay results from the first of three diamond exploration holes recently drilled at the Company’s Prairie Creek Gold Project in Central Queensland, targeting a 1.6 km long 200m wide NE trending gold soil anomaly (0.5 – 5.0 g/t Au).
HIGHLIGHTS
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Six zones of epithermal gold mineralisation were intersected in the first exploration diamond drill hole completed by the Company at Prairie Creek from the surface to 150m down hole.
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The intersections include:
o2.30 m at 4.68 g/t Au from 7.00 m in PCDD001, -
20.40 m at 1.86 g/t Au from 11.40 m in PCDD001 and
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o5.35 m at 2.95 g/t Au from 38.10 m in PCDD001. -
The association of mercury and silver with the epithermal gold mineralisation suggests the hole has intersected the top of an epithermal low sulphidation gold system with exploration potential for deeper higher grade gold mineralisation associated with feeder veins to the breccia style gold intersected.
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Assays pending for 2 further holes
Managing Director Philip Condon commented:
“The Prairie Creek project drilling programme strategy is to confirm previous exploration results and to gain a critical understanding of the geology, so we can begin to evaluate the project potential for an economic mining operation. We planned and drilled three diamond holes to achieve that goal and the assays from the first hole are the first positive glimpse of the outcomes of that programme. The first hole has provided encouraging geological information that the depth potential at Prairie Creek may be significant and untested. We are looking forward to the results from the next two diamond holes, which will provide further detailed information on the geometry and trends of the epithermal gold zones intersected in the first hole and allow us to plan follow up exploration drilling. The diamond rig has moved to Mt Flora to complete two diamond drill holes to provide metallurgical samples for a definitive metallurgical test work programme. The rig will then start the next phase of
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----- Start of picture text -----
Duke Exploration Limited | ABN: 28 119 421 868
P.O. Box 2057 Ascot QLD 4007
E: [email protected] | www.duke-exploration.com.au
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exploration drilling to test the new targets developed from our profile targeting techniques, which will lead to the prioritisation of the next resource development opportunity at the Bundarra project.”
Future Work Programme
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Finalise the timing of step-out extension RC resource drilling at the Mt Flora resource to test the new mineralisation discovered to the north.
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Continue accelerated pXRF soil sampling, to be completed by the end of the year, to sample the entire Bundarra Pluton to help prioritise resource development work.
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Accelerate and extend collection of electrical geophysical data over the entire Bundarra Pluton.
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Start exploration diamond drilling to collect geological data to confirm targets mapped to date and help prioritise resource development work.
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Start scout RC drilling to determine the highest priority target for resource development drilling.
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Provide all exploration diamond drilling assay results from the Prairie Creek gold project by the end of October.
This announcement has been authorised for release by the Board.
For further information please contact:
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Philip Condon
Managing Director [email protected] Ph +61 417 574 730
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Toko Kapea Chairman
[email protected] Ph+64 27 534 2886
Duke Exploration Limited www.duke-exploration.com.au
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Technical Information
Prairie Creek Gold Project Exploration Drilling Details
The Prairie Creek Project is located 120 km southwest of Gladstone and 25 km southwest of Biloela, central Queensland, in EPM 26852 (Figure 1). This part of Central Queensland is prospective for epithermal gold mineralisation like the Cracow epithermal gold deposit 80 km to the south.
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Figure 1. Location of Prairie Creek project (EPM 26852)
The Prairie Creek gold prospect is the highest priority target within the project area (Figure 1 and Figure 2; see www.duke-exploration.com.au for project details). The prosect is highly anomalous in gold, as mapped by stream sediment and rock chip sampling and is defined by a NE trending elevated gold geochemical soil anomaly (0.5 – 5.0 g/t Au), extending over a strike length of 1.6 km and with a width of 200 m. The project is interpreted to be a gold rich epithermal system containing gold and silver associated with quartz-epidotechlorite veining. Historic drilling has been carried out on the southern end of the soil anomaly, but the extent and continuity beyond this outcrop has not been tested. Significant intersections in historic drilling, include 52m @ 2.11g/t Au, including 10m @ 3.2g/t Au and 6m @ 6.55g/t Au.
The diamond drill rig mobilised to site and started drilling on Saturday 31 July 2021. The programme comprised three diamond holes for 350 m that were planned to:
Duke Exploration Limited www.duke-exploration.com.au
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Confirm the historic drill hole results and location of the historic holes.
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Document the geology, particularly structural trends and potential continuity of mineralisation.
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Collect petrophysical and geochemical downhole survey data to better understand the style and genesis of the gold mineralisation.
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Measure orientations of structures that hosts gold mineralisation in 3D downhole.
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Log the local geology and use the geology, geochemistry and petrophysical data from the drilling to mapping the 3D geology.
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Better understand the potential controls on mineralisation and potential for resource development.
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Figure 2. Location of new exploration diamond drill holes relative to access and topography
A total of over 363.3 m were drilled over 30 days, averaging 12.3 m per day, which includes breakdowns and weather delays compared to the drill plan of 350 m. A total of 405 samples were sent to the laboratory in Townsville, with 160 assay results returned to date from the first hole, PCD001 (Table 1 and Table 2 and Figure 2 and Figure 3). Better intersections from the new drilling include (Table 2 and Figure 3):
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4.0 m at 0.66 g/t Au from 0.0 m in PCDD001,
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2.3 m at 4.68 g/t Au from 7.0 m in PCDD001,
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20.4 m at 1.86 g/t Au from 11.4 m in PCDD001 and
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• 5.4 m at 2.95 g/t Au from 38.1 m in PCDD001.
Duke Exploration Limited www.duke-exploration.com.au
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| Prospect | Hole | Easting | Northing | RL | Depth | Az | Dip | Status |
|---|---|---|---|---|---|---|---|---|
| Prairie Creek Prairie Creek Prairie Creek |
PCDD001 PCDD002 PCDD003 |
230209 230159 230245 |
7279379 7279383 7279381 |
483 476 479 |
155.5 122.1 85.7 |
93.0 99.7 92.3 |
-59.4 -60.3 -59.8 |
Mineralised Assays pending Assays pending |
Table 1. Prairie Creek new exploration diamond drill collar details
The first hole intersected andesitic tuff, volcaniclastics and acid tuff from the Torsdale volcanics that are intruded by younger porphyry dykes and a syenite intrusive at around 100m depth (Figure 3). Epithermal colloform quartz veins contain the gold mineralisation (Figure 4 and Figure 5), mainly hosted by the volcanic rocks but also occur in the underlying syenite (Figure 3). Six zones of gold mineralisation were intersected from the surface to a down hole depth of 151.2 m, with all rock types mineralised (Figure 3). The wider zones of gold mineralisation from the surface to 50 m down hole are associated with brecciated volcanoclastic and tuffaceous lithologies. The breccias are cemented by epithermal quartz veins with classic epithermal colloform textures (Figure 4 and Figure 5). The gold mineralisation is associated with anomalous silver and mercury, which along with the breccia and epithermal colloform textures suggest this part of the Prairie Creek gold anomaly is at the top of an epithermal system, with potential for vein hosted gold mineralisation like the Cracow epithermal gold deposit deeper in the system.
| Hole | Prospect | Easting | Northing | RL | From | To | Width | Au g/t |
|---|---|---|---|---|---|---|---|---|
| PCDD001 PCDD001 PCDD001 PCDD001 PCDD001 PCDD001 |
Prairie Creek Prairie Creek Prairie Creek Prairie Creek Prairie Creek Prairie Creek |
230,210 230,213 230,220 230,230 230,241 230,289 |
7,279,379 7,279,379 7,279,378 7,279,378 7,279,377 7,279,373 |
481 476 464 448 430 354 |
0.0 7.0 11.4 38.1 61.6 151.2 |
4.0 9.3 31.8 43.5 62.6 152.2 |
4.0 2.3 20.4 5.4 1.0 1.0 |
0.66 4.68 1.86 2.95 0.81 0.93 |
Table 2. Drill intersections from the Prairie Creek gold prospect, using a 0.5 g/t Au cut off, with a minimum width of 1 metre and including 2 metres of internal waste (MGA94 Zone 55)
Duke Exploration Limited www.duke-exploration.com.au
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Figure 3. Gold assay results in PCDD001 on section 7279380mN in relation to interpreted geology
The continuity of the gold mineralisation in 3D with respect to the historic drill results will be better understood once the assay results have been returned from PCDD002 and PCD003. A more in-depth review and interpretation of the significance of the new gold results will be provided when all the assay results have been returned and integrated with the detailed geological logging, multi-element geochemistry and downhole petrophysical drill data. The results of PCDD002 and PCDD003 are expected to be available in early October.
Duke Exploration Limited www.duke-exploration.com.au
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Figure 4. Volcanoclastic breccia cemented by colloform epithermal quartz that hosts the gold in PCDD001
Figure 5. Close up of the colloform epithermal quartz that hosts the gold in PCDD001
Duke Exploration Limited www.duke-exploration.com.au
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About Duke Exploration
Duke is an Australian exploration company with majority interests in five granted exploration tenements for copper, gold and silver exploration areas located in Queensland and New South Wales, Australia.
Duke’s key assets comprise:
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EPM 26499, EPM 27474 and EPM 27609 – Bundarra project (100% owned copper exploration project near Mackay, Queensland);
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EPM 26852 – Prairie Creek Project (91% owned (9% Capgold) gold exploration project near Rockhampton, Queensland); and
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EL 8568 – Red Hill Project (100% owned copper exploration project near Red Hill, New South Wales).
In addition, Duke also has an interest in four New South Wales Cu-Au porphyry tenements currently operated by Lachlan Resources Pty Ltd, a wholly owned subsidiary of ASX listed Emmerson Resources (ASX: ERM). Duke currently holds a 5% interest in two of these tenements and a 10% interest in the other two tenements that is free carried to BFS.
The most advanced target for the Company is the Bundarra project Mt Flora prospect, which has resource development potential for copper, silver and gold, and a recently announced Inferred resource of 16 Mt at an average grade of 0.5% Cu and 6.9 ppm, Ag, reported at a 0.2% Cu cut-off grade as classified and reported in accordance with the JORC Code (2012), which equates to 78,000 tonnes of copper and 3.6 million ounces of silver (Table 3). There are currently five other target areas with similar development potential on the Bundarra project as defined by historical mining, geology and geophysics.
| Tonnes (Mt) | Cu% | Ag g/t | Cu tonnes | Ag ounces | ||
|---|---|---|---|---|---|---|
| Inferred | Oxide | 1 | 0.3 | 4.2 | 2,000 | 87,000 |
| Sulphide | 15 | 0.5 | 7.0 | 76,000 | 3,500,000 | |
| Total | 16 | 0.5 | 6.9 | 78,000 | 3,600,000 |
Notes:
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Reported at a 0.2% Cu-equivalent cut-off grade (Cu & Ag)
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The Mineral Resource is classified in accordance with JORC, 2012 edition.
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The effective date of the Mineral Resource estimate is 25 June 2021.
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The Mineral Resource is contained within EMP 26499.
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Estimates are rounded to reflect the level of confidence in these resources at the present time. All resources have been rounded to the nearest million tonnes.
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The Mineral Resource is reported as a global resource
Table 3. Mount Flora Mineral Resource Summary
The exploration and development strategy is to define sufficient resources at Mt Flora and the other prospective targets in the Bundarra project area as a priority to allow feasibility studies to be undertaken to establish an economic mining operation and to delineate additional mineral resources from the current known exploration target areas to grow the project into the future. The Company has also started to test the more conceptual exploration targets on the Prairie Creek project and Red Hill project (see www.dukeexploration.com.aufor more project details). The business development strategy for the Company is to focus on the Bundarra project and simultaneously carry out resource development work on those targets evaluated and ranked as high priority, starting at Mt Flora, while exploring the regional potential of the Bundarra pluton.
Duke Exploration Limited www.duke-exploration.com.au
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The aim is to discover a pipeline of resource development projects around the Bundarra pluton to add to the Mt Flora project organically.
pXRF soil sampling and gradient array resistivity and induced polarization (GAIP) surveys continue to be carried out to the north, south and east of the current survey areas around the northern and eastern contacts of the Bundarra pluton. The aim is to accelerate the collection of pXRF soil data and electrical geophysical data to map the entire prospective area of the Bundarra pluton to allow computer-based machine learning statistical analysis to be carried out to help target the highest priority targets for resource development drilling into the future.
Competent Person Statement
The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Dr Greg Partington, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy and a Member of The Australian Institute of Geologists.
Dr Partington is employed by Duke Exploration Pty Ltd as a consultant through Kenex Pty Ltd. He has over 30 years of experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Dr Partington consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
Duke Exploration Limited www.duke-exploration.com.au
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Appendix 1 - JORC Code, 2012 Edition, Checklist of Assessment and Reporting Criteria
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Sampling | • | Nature and quality of sampling (e.g., cut | • | Triple-tube HQ sized diamond core samples were |
| techniques | channels, random chips, or specific specialised | collected via diamond drill rig. The recovery of core is | ||
| industry standard measurement tools | measured and recorded by the driller and checked and | |||
| appropriate to the minerals under investigation, | corroborated by the logging geologist when metre | |||
| such as down hole gamma sondes, or handheld | marked. | |||
| XRF instruments, etc). These examples should | • | pXRF analysis is conducted to provide indicative | ||
| not be taken as limiting the broad meaning of | lithogeochemical data by taking 3 analyses per sample | |||
| sampling. | interval. These analyses were taken using an Olympus | |||
| • | Include reference to measures taken to ensure | Vanta M series XRF Analyser with all beams enabled for | ||
| sample representivity and the appropriate | 10 seconds each. | |||
| calibration of any measurement tools or systems | • | Core was cut in half, with half retained and half assayed. | ||
| used. | Core was crushed and pulverised. Gold was assayed by | |||
| • | Aspects of the determination of mineralisation | 50g fire assay and AAS (ALS code Au-AA24) and 33 | ||
| that are Material to the Public Report. | other elements by four acid digestion with ICP-AES | |||
| • | In cases where ‘industry standard’ work has | (ALS code ME-ICP61). | ||
| been done this would be relatively simple (e.g., | ||||
| ‘reverse circulation drilling was used to obtain 1 | ||||
| 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 (e.g., submarine nodules) | ||||
| maywarrant disclosure of detailed information. | ||||
| Drilling | • | Drill type (e.g., core, reverse circulation, open- | • | An AED Alton track mounted diamond rig was used to |
| techniques | hole hammer, rotary air blast, auger, Bangka, | recover HQ sized core. 3 m rods were used, and triple | ||
| sonic, etc) and details (e.g., core diameter, triple | tube methods were used to ensure sample recovery, | |||
| or standard tube, depth of diamond tails, face- | especially through clay zones. Core was oriented using | |||
| sampling bit or other type, whether core is | a reflex tool. | |||
| oriented and if so,bywhat method,etc). | ||||
| Drill sample | • | Method of recording and assessing core and | • | The drilling crew measured each run and recorded the |
| recovery | chip sample recoveries and results assessed. | amount of core recovered. This was double checked by | ||
| • | Measures taken to maximise sample recovery | the geologist when the core was metre marked. | ||
| and ensure representative nature of the samples. | • | Triple tubing was used to ensure maximum sample | ||
| • | Whether a relationship exists between sample | recovery | ||
| recovery and grade and whether sample bias | ||||
| may have occurred due to preferential loss/gain | ||||
| of fine/coarse material. | ||||
| Logging | • | Whether core and chip samples have been | • | All core was logged by a geologist at a centimetre |
| geologically and geotechnically logged to a | resolution. Features of interest that were logged | |||
| level of detail to support appropriate Mineral | include lithology, alteration, structure and chemical | |||
| Resource estimation, mining studies and | composition (acquired through pXRF analysis). | |||
| metallurgical studies. | Downhole Optical Televiewer, Acoustic Televiewer | |||
| • | Whether logging is qualitative or quantitative in | and petrophysical logging, including magnetic | ||
| nature. Core (or costean, channel, etc) | susceptibility, resistivity, natural gamma and density | |||
| photography. | measurements, were also conducted and integrated | |||
| • | The total length and percentage of the relevant | with geological and geotechnical logging. This logging | ||
| intersections logged. | provides information on structure, contacts, veining | |||
| etc. in the form of dip and dip direction measurements | ||||
| at a 10 cm resolution. | ||||
| • | Geological logging is considered qualitative while | |||
| structural, geochemical and geotechnical logging via | ||||
| pXRF geochemical analysis, downhole Televiewers and | ||||
| petrophysical logging is considered quantitative. All | ||||
| core trays arephotographed,as well as lithologies of |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| interest in the core. | ||||
| Sub- | • | If core, whether cut or sawn and whether | • | Core was sawn in half, with half retained in trays, and |
| sampling | quarter, half or all core taken. | the other half assayed. Sampling is considered | ||
| techniques and sample |
• • |
If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and |
representative of the in-situ lithologies collected and the consistent half-core sampling. |
|
| preparation | appropriateness of the sample preparation | |||
| technique. | ||||
| • | Quality control procedures adopted for all sub- | |||
| sampling stages to 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 beingsampled. | ||||
| Quality of | • | The nature, quality and appropriateness of the | • | Gold was assayed by 50g fire assay and AAS (ALS code |
| assay data | assaying and laboratory procedures used and | Au-AA24) and 33 other elements by four acid digestion | ||
| and laboratory |
• | whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld |
with ICP-AES (ALS code ME-ICP61). ME-ICP61 is a near total method, with only the most resistant minerals partially dissolved. |
|
| tests | XRF instruments, etc, the parameters used in | • | A pXRF Vanta m-series was used to analyse each | |
| determining the analysis including instrument | sample using 3 beams in geochemistry mode. Each | |||
| make and model, reading times, calibrations | beam was set to 10 seconds for a total of 30 seconds | |||
| factors applied and their derivation, etc. | and targeting 39 elements. pXRF readings were taken | |||
| • | Nature of quality control procedures adopted | at a rate of three per sample interval on the core. It is | ||
| (e.g., standards, blanks, duplicates, external | recognised this is an imperfect method and is only | |||
| laboratory checks) and whether acceptable | used to give an indication of geochemistry while | |||
| levels of accuracy (i.e., lack of bias) and | waiting for laboratory assay results. | |||
| precision have been established. | ||||
| Verification | • | The verification of significant intersections by | • | No data were adjusted. |
| of sampling | either independent or alternative company | |||
| and assaying | • | personnel. The use of twinned holes. |
||
| • | Documentation of primary data, data entry | |||
| procedures, data verification, data storage | ||||
| (physical and electronic) protocols. | ||||
| • | Discuss anyadjustment to assaydata. | |||
| Location of | • | Accuracy and quality of surveys used to locate | • | The drillholes were initially located using a Garmin GPS |
| data points | drill holes (collar and down-hole surveys), | unit. The holes were then surveyed accurately by a | ||
| trenches, mine workings and other locations | surveyor at the end of the programme. Downhole | |||
| used in Mineral Resource estimation. | surveys including a downhole gyro was used on all | |||
| • | Specification of the grid system used. | holes. | ||
| • | Quality and adequacy of topographic control. | • | The grid system is MGA94 Zone 56 | |
| • | Topographic control has been adopted from a recent | |||
| aerial lidar survey. The topographic control is | ||||
| considered to be highly accurate. | ||||
| Data spacing | • | Data spacing for reporting of Exploration | • | The drilling was carried out on a single line, with holes |
| and | Results. | spaced approximately 40m apart. | ||
| distribution | • | Whether the data spacing and distribution is | • | No physical compositing of samples was done. |
| sufficient to establish the degree of geological | ||||
| and grade continuity appropriate for the Mineral | ||||
| Resource and Ore Reserve estimation | ||||
| procedure(s) and classifications applied. | ||||
| • | Whether sample compositinghas been applied. | |||
| Orientation | • | Whether the orientation of sampling achieves | • | The drilling was planned near perpendicular to the |
| of data in | unbiased sampling of possible structures and | geology based on the current geological | ||
| relation to geological |
• | the extent to which this is known, considering the deposit type. If the relationship between the drilling |
understanding. | |
| structure | orientation and the orientation of key | |||
| mineralised structures is considered to have | ||||
| introduced a sampling bias, this should be | ||||
| assessed and reported if material. |
Duke Exploration Limited www.duke-exploration.com.au
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Sample | • | The measures taken to ensure sample security. | • | All samples were collected from the drill rig and taken |
| security | to a core logging yard located on the same property as | |||
| the drilling. Once logged the core was transported to | ||||
| ALS via Followmont. The samples were not left | ||||
| unattended and a chain of custody was maintained | ||||
| throughout the shipping process. | ||||
| Audits or | • | The results of any audits or reviews of sampling | • | No audits have been conducted by external parties at |
| reviews | techniques and data. | this stage. |
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this section.)
| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Mineral | • | Type, reference name/number, location and | • | EPM 26852 – Prairie Creek Project (91% Duke owned |
| tenement | ownership including agreements or material issues | and 9% Capgold) gold exploration project 120 km | ||
| and land tenure |
with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national |
• | southwest of Gladstone and 25 km southwest of Biloela, in central Queensland. No known impediments. |
|
| status | park and environmental settings. | |||
| • | The security of the tenure held at the time of | |||
| reporting along with any known impediments to | ||||
| obtaininga licence to operate in the area. | ||||
| Exploration | • | Acknowledgment and appraisal of exploration by | • | The area has been explored by several companies in |
| done by | other parties. | the past including CRAE, ACM Gold and ActivEX. The | ||
| other | resulting work includes a total of 15 holes drilled into Prairie Creek and 3 holes drilled into Gossans West, |
|||
| parties | located 5km to the north-east. A total of 1039 historic | |||
| soil samples have been taken over Prairie Creek which | ||||
| highlighted a promising north-eastern gold trend along | ||||
| the ridgeline. | ||||
| Geology | • | Deposit type, geological setting and style of | • | Prairie Creek is a highly anomalous gold prospect. It is |
| mineralisation. | interpreted to sit in the middle of an epithermal system | |||
| typified by anomalous gold and base metals, being | ||||
| confined by nature, and being associated with quartz- | ||||
| epidote-chlorite veining. The prospect was discovered | ||||
| by stream sampling followed by rock chip sampling | ||||
| and mapping. The veins are hosted by andesitic tuffs | ||||
| (pale grey) and mixed intermediate and acid tuffs (mid | ||||
| grey) but historic drilling also confirmed the vein sets | ||||
| penetrate the underlying granite and syenite intrusives. | ||||
| Drill hole | • | A summary of all information material to the | • | See Figure 1, Figure 2, Figure 3, Figure 4 and Figure 5 |
| Information | understanding of the exploration results including | and Table 1 and Table 2 in the main text. | ||
| a tabulation of the following information for all | ||||
| Material drill holes: | ||||
oeasting and northing of the drill hole collar |
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oelevation or RL (Reduced Level – elevation |
||||
| above sea level in metres) of the drill hole | ||||
| collar | ||||
odip and azimuth of the hole |
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odown hole length and interception depth |
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ohole 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 clearlyexplain whythis is the case. |
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| Criteria | JORC Code explanation | JORC Code explanation | Commentary | Commentary |
|---|---|---|---|---|
| Data | • | In reporting Exploration Results, weighting | • | Intervals were composited in Micromine, using a |
| aggregation | averaging techniques, maximum and/or minimum | weighted average technique at a 0.5 g/t Au cut off, | ||
| methods | grade truncations (e.g., cutting of high grades) and cut-off grades are usually Material and should be |
allowing 2 m of internal dilution and a 1 m minimum width. |
||
| stated. | ||||
| • | Where aggregate intercepts incorporate short | |||
| lengths of high grade results and longer lengths of | ||||
| low grade results, the procedure used for such | ||||
| aggregation should be stated and some typical | ||||
| examples of such aggregations should be shown | ||||
| in detail. | ||||
| • | The assumptions used for any reporting of metal | |||
| equivalent values should be clearlystated. | ||||
| Relationship | • |
These relationships are particularly important in | • | These are the first holes drilled into the prospects and |
| between | the reporting of Exploration Results. | the orientation of the mineralisation is not known. The | ||
| mineralisati on widths |
• | If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. |
holes are thought to be drilling perpendicular to the mineralisation based on interpretation of the historic drilling. |
|
| and | • | If it is not known and only the down hole lengths | ||
| intercept | are reported, there should be a clear statement to | |||
| lengths | this effect (e.g., ‘down hole length, true width not known’). |
|||
| Diagrams | • | Appropriate maps and sections (with scales) and | • | See Figure 1, Figure 2, Figure 3, Figure 4 and Figure 5 |
| tabulations of intercepts should be included for | and Table 1 and Table 2 in the main text. | |||
| any significant discovery being reported These | ||||
| should include, but not be limited to a plan view of | ||||
| drill hole collar locations and | ||||
| • | appropriate sectional views. | |||
| Balanced | • | Where comprehensive reporting of all Exploration | • | All drill holes assays returned to date from the current |
| reporting | Results is not practicable, representative reporting | drill programme have been reported. | ||
| of both low and high grades and/or widths should | ||||
| be practiced to avoid misleading reporting of | ||||
| Exploration Results. | ||||
| Other | • | Other exploration data, if meaningful and material, | • | A desktop study was completed to map the geology |
| substantive | should be reported including (but not limited to): | at a local and regional scale and delivered 2D | ||
| exploration data |
geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test |
geological maps and 3D geological models. | ||
| results; bulk density, groundwater, geotechnical | ||||
| and rock characteristics; potential deleterious or | ||||
| contaminatingsubstances. | ||||
| Further | • | The nature and scale of planned further work (e.g., | • | Depending on the results from the diamond drilling, a |
| work | tests for lateral extensions or depth extensions or | grid pattern RC drill programme will be planned to test | ||
| large-scale step-out drilling). | the anomalous soil results trending north-east from | |||
| • | Diagrams clearly highlighting the areas of possible | the Prairie Creek prospect. | ||
| extensions, including the main geological | ||||
| interpretations and future drilling areas, provided | ||||
| this information is not commerciallysensitive. |
Duke Exploration Limited www.duke-exploration.com.au